Personal Banking
NJM Savers Account
Build a strong savings habit
- As your balance rises, the interest rate paid on your savings increases. Interest is paid on all balances when account balance remains above $100
- Free Online Banking with eStatement access
- Free ATM Card
- Free Telephone Banking
- No monthly maintenance fee if the account balance stays above only a $100 daily balance 1
- Minimum opening deposit of only $100
Enhance your benefits with Direct Deposit
When you enroll in Direct Deposit of at least $100 per month of your pay, pension or Social Security into your new account you will receive:
- Receive rebates of up to $8 per monthly statement cycle for ATM fee surcharges imposed by other banks
- A one-time credit of $25 after your first direct deposit is received (offer 1 per customer, new customers only).
1 If the daily balance in the account during the monthly statement cycle falls below $100, a $1 maintenance fee will be assessed. Federal regulations limit this account to no more than six electronic transfers per monthly statement cycle, either to another account held by the depositor at the same institution or to a third party (such as pre-authorized, automatic, computer and/or telephone transfer). Pre-authorized transfers also include, but are not limited to, overdraft protection "sweeps" to other NJM Bank deposit accounts; individual and/or scheduled/periodic transfers/payments to other NJM Bank deposit or loan accounts; and externally-initiated transfers such as ACH debits. There is a fee for each electronic transfer transaction exceeding the six permitted per statement cycle. Exceeding six transfers could also lead to the elimination of transfer capabilities or closure of the account.
