Important AnnouncementIn Observance of Thanksgiving Day, we will be closed Thursday, November 22, 2018.
As a reminder, our ATMs along with online and mobile banking are available 24/7.

Rates

>Rates
Rates2020-03-27T14:27:39+00:00

Today’s Rates | 

Saving Rates & Terms

Type of AccountMinimum Opening BalanceInterest RateAnnual Percentage YieldBalance Required to Obtain APY
Statement Savings $1000.20%0.20%$100
Holiday Club$1Bonus Payment on Completed ClubsN/AN/A
Vacation Club$1Bonus Payment on Completed ClubsN/AN/A
Money Market $1000.10% 0.10% $100 thru $2,499.99
0.20%0.20%$2,500 plus
Premier Money Market $2,5000.49%0.50%$10,000 thru $24,999.99
0.74%0.75%$25,000 thru $49,999.99
0.98%1.00% $50,000 plus
Variable Rate Accounts Rate may change after account is opened.

Available to individuals residing in the New Jersey Counties of Essex, Hunterdon, Middlesex, Morris, Somerset, Union and Warren.

ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE.

Certificates of Deposit Rates and Terms

Type of AccountMinimum Open BalanceInterest RateAnnual Percentage Yield
6 Month$1,0000.88%0.90%
12 Month$1,0000.88%0.90%
18 Month$1,0000.88%0.90%
24 Month$1,0000.88%0.90%
30 Month$1,0000.49%0.50%
36 Month$1,0000.98%1.00%
48 Month$1,0001.13%1.15%
60 Month (maximum $250,000)(1,2)$1,0001.13%1.15%
84 Month (2)$1,0001.13%1.15%

Available to individuals residing in the New Jersey Counties of Essex, Hunterdon, Middlesex, Morris, Somerset, Union and Warren.

ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE. Penalties for early withdrawal.

1. Maximum deposit of $250,000 for each Tax ID.

2. Annual Percentage Yield (APY) effective as of 03/27/2020. APYs are subject to change without notice and offer may be withdrawn at any time without notice. No public or corporate funds. Penalty for early withdrawal. Fees could reduce earnings. Other rates and terms also available.

See a customer service representative for more details.

IRA Certificates of Deposit Rates and Terms

Type of AccountMinimum Opening BalanceInterest RateAnnual Percentage Yield
12 Month$1,0000.88%0.90%
18 Month (Fixed Rate)$1,0000.88%0.90%
24 Month$1,0000.88%0.90%
30 Month$1,0000.49%0.50%
36 Month$1,0000.98%1.00%
48 Month$1,0001.13%1.15%
60 Month (maximum $250,000) (1,2,3)$1,0001.13%1.15%
84 Month (2,3)$1,0001.13%1.15%

Available to individuals residing in the New Jersey Counties of Essex, Hunterdon, Middlesex, Morris, Somerset, Union and Warren.

ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE. Penalties for early withdrawal.

1. Maximum deposit of $250,000 for each Tax ID.

2. For IRA Bump-Up Certificate of Deposit (CD) Accounts, during your term you are permitted to make a one-time request to increase your interest rate at your discretion. Your request to adjust your interest rate is limited to the rate in effect for your IRA Bump-Up CD at the time of your request. A one-time interest rate increase will not extend the original maturity date of your account.

3. Annual Percentage Yield (APY) effective as of 03/27/2020. APYs are subject to change without notice and offer may be withdrawn at any time without notice. No public or corporate funds. Penalty for early withdrawal. Fees could reduce earnings. Other rates and terms also available. See a customer service representative for more details.

Checking Rates & Terms

Type of AccountMinimum Opening BalanceInterest RateAnnual Percentage YieldBalance Required to Obtain APY
Premier Interest Checking$1000.10%0.10%$100 thru $2,499.99
0.25%0.25%$2,500 plus
Regular Checking$1.00
Variable Rate AccountRate may change after account is opened.

Available to individuals residing in the New Jersey Counties of Essex, Hunterdon, Middlesex, Morris, Somerset, Union and Warren.

ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE.

 

Mortgage Rates & Terms

Type of Loan (2)RateAPRPointsMonthly Payment Per $1,000 Borrowed (3)
Loans $750,000 or Less LTV <80%
30 Year Fixed Rate3.8753.910% (1)0.000%360 payments of $4.70 per $1,000 borrowed at an interest rate of 3.875%
20 Year Fixed Rate3.625%3.674% (1)0.000%360 payments of $5.86 per $1,000 borrowed at an interest rate of 3.625%
15 Year Fixed Rate3.375%3.437% (1)0.000%180 payments of $7.09 per $1,000 borrowed at an interest rate of 3.375%
10 Year Fixed Rate3.125%3.214% (1)0.000% 120 payments of $9.71 per $1,000 borrowed at an interest rate of 3.125%
5/1 30 Year Adjustable Rate (3)3.375%3.893% (1)0.000%See below (3)
7/1 30 Year Adjustable Rate (3)3.500%3.866% (1)0.000%See below (3)
10/1 30 Year Adjustable Rate (3)3.625%3.852% (1)0.000% See Below (3)
First Time Home Buyer - $400,000 or Less LTV <80% (4)
30 Year Fixed Rate3.500%3.535% (1)0.000% 360 payments of $4.49 per $1,000 borrowed at an interest rate of 3.500%

Mortgage products are available for properties located in select counties of New Jersey only. Visit our Mortgage Center for more information about our mortgage products.

1 The APR (Annual Percentage Rate) is based on a mortgage amount of $250,000.

2 For All Loans:

  • APR=Annual Percentage Rate
  • LTV=Loan-to-Value
  • MONTHLY PAYMENT AMOUNTS STATED ABOVE CONSIST OF PRINCIPAL & INTEREST AMOUNTS ONLY AND DO NOT INCLUDE PROPERTY TAXES, HAZARD INSURANCE, AND/OR FLOOD INSURANCE PREMIUMS (IF APPLICABLE). YOUR ACTUAL PAYMENT OBLIGATION WILL BE GREATER.
  • To see what your monthly principal and interest payment would be, divide your mortgage amount by $1,000; then multiply the monthly payment by that amount. (For example, the monthly payment for a 30 Year Fixed Rate mortgage amount of $250,000 would be: $250,000 ÷ $1,000 = 250; 250 x $4.92 = $1,230.00 principal and interest payment per month.)
  • Available to individuals residing in the New Jersey Counties of Bergen, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Passaic, Somerset, Sussex, Union and Warren.

3 For Adjustable Rate Loans:

  • THE INTEREST RATE AND APR MAY BE INCREASED AFTER CONSUMMATION.
  • On a 5/1 30 Year Adjustable Rate, the interest rate will not change for the first 60 months of the loan. After the first 60 months, the interest rate can change yearly.
    • 60 payments of $4.42 per $1,000 borrowed at an interest rate of 3.375%
    • 300 payments of $4.79 per $1,000 borrowed at an interest rate of 4.125%
  • On a 7/1 30 Year Adjustable Rate, the interest rate will not change for the first 84 months of the loan. After the first 84 months, the interest rate can change yearly.
    • 84 payments of $4.49 per $1,000 borrowed at an interest rate of 3.500%
    • 276 payments of $4.78 per $1,000 borrowed at an interest rate of 4.125%
  • On a 10/1 30 Year Adjustable Rate, the interest rate will not change for the first 120 months of the loan. After the first 120 months, the interest rate can change yearly.
    • 120 payments of $4.56 per $1,000 borrowed at an interest rate of 3.625%
    • 240 payments of $4.76 per $1,000 borrowed at an interest rate of 4.125%
  • The interest rate cannot increase or decrease more than 2 percentage points per year.
  • The initial interest rate cannot increase or decrease more than 6 percentage points over the term of the loan.
  • The interest rate cannot be less than 3 percent over the term of the loan.

4 First Time Home Buyer
The program is limited to the purchase of properties located in Roselle Bank’s designated Community Reinvestment Act (CRA) Assessment Areas which include certain local communities in Union, Somerset, Morris and Hunterdon Counties. A list of the qualifying communities is available upon request.

Roselle Bank - Fee Schedule

Money Market Account

The monthly service fee if the daily balance drops below $1,000 any day during the monthly statement cycle is $5.00. There is no monthly service charge regardless of balance for depositors 55 years of age or older.

Statement Savings Account

There is no monthly service charge.

Other Account Fees

Fee
Account Close Within 6 Months of Opening$10.00
Account Certification Letter$15.00
Account Research/Reconciliation (Per Hour/ One Hour Minimum)$25.00
Automatic Transfer to cover overdraft $3.00
Bank Check$7.00
Copy of Paid Check or Money Order$5.00
Copy of Statement (Per Page) $5.00
Dormant Account (Per Month, after 3 years of inactivity) $5.00
Expedited Debit Card Delivery$75.00
Inactivity Fee (Per Month, after 12 months of inactivity)$5.00
Insufficient/ Uncollected Funds$30.00
Levy and Lien Processing$75.00
Lost Passbook Replacement $5.00
Money Orders (Per Order)$3.00
Notary ServicesNo Fee
Redeposit Return Item (Per Item)$5.00
Replacement Debit Card $5.00
Returned Item $12.00
Safe Deposit Box Key Replacement (Per Key)$25.00
Snapshot Statement$3.00
Stop Payment$20.00
Wire Transfer - Domestic, Outgoing$20.00
Wire Transfer - Domestic, Incoming$15.00
Checking Printing Fees Vary By Style of Checks Ordered
Safe Deposit Box DrillingAt Box Renter's Expense

Online Services

Person-to-Person (Popmoney) Fees

Fees
Send Money $1.00 - $999.99 - 3 Day$1.00
Send Money $1,000.00 & above - 3 Day$2.00
Send Money $1.00 - $999.99 - Next Day$1.50
Send Money $1,000.00 & above - Next Day$3.00
Request Money $1.00 - $999.99 - 3 Day$1.00
Request Money $1,000.00 & above - 3 Day$2.00
Popmoney Stop Payments$10.00
Popmoney E-Greetings$0.25

Account to Account (A2A) Fees

Fee
Outbound Transfer$2.00
Internal/Inbound TransferN/C

Bill Payment

Fee
Overnight Check (ONC)$15.00
Same-Day Bill Pay (SDBP)$10.00
In response to the growing health and safety concerns, we at Roselle Bank have decided to restrict lobby interaction to “Appointment Only” access until further notice. For circumstances requiring branch access such as opening accounts, customers are encouraged to call 908-245-1885 or your local branch location to schedule an appointment. For all other banking needs, please utilize the drive-up teller windows available Monday – Friday from 9:00 a.m. – 5:00 p.m. and Saturday 9:00 a.m. – 12:00 p.m. In addition, you can visit our 24-hour ATM which also accepts deposits. As always, you can check your balance, pay bills and transfer money on www.Roselle.Bank or on the Roselle Bank app (Android and iOS). We apologize for any inconvenience this has caused and appreciate your patience and understanding as we take steps to ensure the safety of our employees, customers, and community.