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Savings Accounts
Checking and Savings Depositors must be New Jersey residents.
Member FDIC
| Passbook Savings Account or Statement Savings Account |
| Minimum Deposit to Open Account |
Minimum Balance to Obtain Annual Percentage
Yield |
Interest Rate |
Annual Percentage Yield |
Interest Is Compounded/Credited |
| $10 |
$25 |
.99% |
1.00% |
Continuously/Monthly |
Terms |
- Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
- Annual Percentage Yield (APY) assumes interest remains on deposit. Withdrawal of interest will reduce earnings.
- Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
- If you close your account before interest is credited, you will not receive the accrued interest.
- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
- There is a nominal charge for imprinted checks.
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Money Market
Passbook & Statement Accounts
Minimum deposit to open account $500 |
| Interest Rate Tiers |
Interest Rate |
Annual Percentage Yield |
Interest Is Compounded/Credited |
| $500 |
$999 |
.50% |
.50% |
Monthly/Monthly |
| $1000 |
$9999 |
1.40% |
1.40% |
Monthly/Monthly |
| $10,000 |
$24,999 |
1.54% |
1.55% |
Monthly/Monthly |
| $25,000 |
$49,999 |
1.69% |
1.70% |
Monthly/Monthly |
| $50,000 |
$99,999 |
1.84% |
1.85% |
Monthly/Monthly |
| $100,000 |
$249,999 |
2.18% |
2.20% |
Monthly/Monthly |
| $250,000 |
or more |
2.97% |
3.00% |
Monthly/Monthly |
Terms |
- Interest begins to accrue on the business day you deposit non-cash items (for example,checks).
- Annual Percentage Yield (APY) assumes interest remains on deposit. Withdrawal of interest will reduce earnings.
- Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
- Interest paid on the full balance in the account at the rate that corresponds to that deposit tier.
- Balances of $500 to $999 will earn the NOW Checking Account Rate and APY.
- Balances less than $500 do not earn interest and will incur a monthly maintenance fee.
- Statement Only: You may make six (6) transfers from your account but only three (3) may be payments by check to third parties per cycle period. Excess check fee $10.00.
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Certificate of Deposit and IRA Deposits
Rate Chart |
| Term |
Minimum Deposit to Open-
Account |
Minimum Balance
to-Obtain-
APY |
Interest
Rate |
APY |
Interest Is Compounded/
Credited |
Early
Withdrawal Penalty |
30
Day |
$500 |
$500 |
1.29% |
1.30% |
Monthly/Maturity |
30 Days Interest |
91
Day |
$500 |
$500 |
2.72% |
2.75% |
Quarterly/Maturity |
All interest earned min. 30 days |
6
Month |
$500 |
$500 |
2.57% |
2.60% |
Monthly/Monthly |
3 months interest |
1
Year |
$500 |
$500 |
2.59% |
2.65% |
Continuously/Monthly |
3 months interest |
18
Month |
$500 |
$500 |
2.78% |
2.85% |
Continuously/Monthly |
6 months interest |
2
Year |
$500 |
$500 |
2.68% |
2.75% |
Continuously/Monthly |
6 months interest |
3
Year |
$500 |
$500 |
3.06% |
3.10% |
Monthly/Monthly |
6 months interest |
5
Year |
$500 |
$500 |
3.45% |
3.50% |
Monthly/Monthly |
6 months interest |
7
Year |
$500 |
$500 |
3.45% |
3.50% |
Monthly/Monthly |
6 months interest |
| Promotional Certificate of Deposit Rate Chart |
| Term |
Minimum Deposit to Open-
Account |
Minimum Balance
to-Obtain-
APY |
Interest
Rate |
APY |
Interest Is Compounded/
Credited |
Early
Withdrawal Penalty |
|
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13 Month**
|
$1000 |
$1000 |
3.07% |
3.15% |
Monthly/Monthly |
3 months interest |
**You must maintain or open a Manasquan Savings
Bank NOW checking or Rewards checking account to qualify
for the 13 month Promotional Certificate of Deposit.
| IRA 18 Month Certificates of Deposit |
| Minimum Deposit to Open-Account |
Minimum Balance to Obtain-APY |
Interest
Rate |
APY |
Interest Is Compounded/
Credited |
Early Withdrawal Penalty |
| $500 |
$500 |
2.97% |
3.05% |
Continuously/Monthly |
6 Month Interest |
| $25 |
$25 |
2.97%
(Varies Monthly) |
3.05% |
Continuously/Monthly |
6 Month Interest |
IRA Notes |
- In addition to the above 18 month IRA certificates, any savings account classification may be used as an investment vehicle provided the minimum, balance requirement and account term are adhered to.
- Early withdrawal penalties may be waived for the disbursement of retirement distributions where the retiree is at least 59 1/2 years of age.
- Once annually without penalty, multiple IRA certificates may be consolidated into a new certificate of the depositor's choice.
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| Homebuyer Certificate of Deposit |
The smart way to save for your down payment!
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- Minimum deposit to open account: $100
- Minimum balance to obtain annual percentage yield: $100
- Choose a 1 to 3 year certificate term
- Add as little as $25 a month by auto transfer from your Manasquan Savings Bank checking account
- Early withdrawl penalty waived for purchase of a home
- Earn a $100 mortgage application fee credit when you close your Manasquan Savings Bank Home Loan
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| Easy Add Certificate of Deposit |
Build a nest egg or reach any financial goal the easy way!
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- Minimum deposit to open account: $100
- Minimum balance to obtain annual percentage yield: $100
- Certificate term: 1 year
- Add as little as $25 a month by auto transfer from your Manasquan Savings Bank
checking account
- Early withdrawl penalty waived for purchase of a home or payment of higher education bills (documentation required)
- Earn a $100 mortgageapplication fee credit when you close your Manasquan Savings Bank Home Loan
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Terms |
- The interest rate for your account will be paid until the maturity date of your certificate. (Exception: the rate for an IRA Market Pacer Account is subject to change monthly to the rate currently being paid on the IRA Steady Earner Account).
- Annual Percentage Yield (APY) assumes interest remains on deposit withdrawal of interest will reduce earnings.
- Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
- This account will automatically renew at maturity. You will have seven (7) calendar days from the maturity date to withdraw your funds without being charged a penalty.
- After the account is opened, except as noted for certain certificates, you may not make deposits or withdrawals other than earnings from this account until the maturity date.
- Interest can remain in account for compounding or be withdrawn by interest check or transferred to another account on deposit here, providing a $5,000.00 balance is maintained in the certificate account.
- We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
- If any of the deposit is withdrawn before the maturity date, a penalty as shown above will be imposed which could result in partial loss of principal.
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| Club Accounts |
- Minimum deposit to open account: $5.00
- Minimum balance to obtain Annual Percentage Yield (APY): $5.00
- Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time.
- Earns simple interest.
- Interest credited at time of disbursement of proceeds.
- Club payments are due each Monday in even amounts selected by depositor.
- Passbook or automatic transfer from checking account available.
- Passbook and automatic transfer automatically renew each year.
- Clubs may be opened at any time.
- Proceeds may be disbursed during the months of: February, April, June, August, October, November & December.
- Clubs closed prior to maturity receive no interest.
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| Savings Disclosures |
- All interest rates and account offerings are subject to change or limit without notification.
- All deposit accounts are limited to New Jersey residents only.
- Rates shown are available as of 05/13/2008.
- A hardcopy Disclosure of Account Terms will be provided upon request and at the time of account opening.
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