The bank was chartered in 1934 and remains a full service, intrastate community bank offering a standard array of traditional loan and deposit products.  Since its inception, the bank’s main objective has been to serve the banking needs of Newfield, New Jersey as well as Gloucester, Cumberland and Cape May counties.

Newfield National Bank provides deposit and credit products that are designed to meet ongoing needs of the customers in the region.  A few of the savings products include a passbook savings account, statement savings account and certificates of deposit.

The passbook savings account is a savings account with a passbook that the bank posts deposits and withdrawals in.  The passbook savings account allows account holders to make small deposits and build savings gradually yet still have the money accessible if needed.  The bank passbook savings account is available to individuals, organizations, and corporations.  There is a $100.00 minimum deposit to open this account.  The minimum balance of $100.00 must be maintained each day in order to obtain the annual percentage yield.  Savings account balances below $100.00 do not earn interest.

The passbook savings account has a rate of 1.06% APY

Newfield National Bank offers a similar savings product, the statement savings account.  The statement savings account also has a $100.00 minimum deposit to open this account.  The statement savings account holder receives periodic bank statements.  The account is completely accessible and most of the same conditions as the passbook savings account.

The statement savings account has a rate of 1.06% APY

A Newfield National Bank CD is a financial savings instrument that earns a fixed rate of interest for a specific amount of time.  The interest rate is generally higher than the current rate for other bank savings account.  Although the bank CDs are purchased for a set length of time, they can be redeemed early.  A penalty will be assessed unless there is a death of the owner or co-owner of the certificate.  Most CDs automatically renew at maturity.  Interest can be paid monthly, quarterly, semiannually, annually, or can be deposited directly to the certificate.  The bank CDs has a $500.00 minimum deposit to open the accounts.  Terms for certificates of deposit range from 3 to 60 months

Current CD rates and terms:

3 month CD rate is 1.26% APY 
6 month CD earns a rate of 2.06% APY 
1 year has an interest rate of  2.22% APY 
1 1/2 year CD yields a rate of 2.33% APY 
2 year CD rate is 2.48% APY 
2 1/2 year earns an interest rate of 2.58% APY 
3 year CD has a rate of 2.79% APY 
4 year yields an interest rate of 3.05% APY 
5 year rate is 3.10% APY 

CD rates are subject to change prior to opening the account.  For current CD rates and additional account information a Newfield National Bank bank representative can be reached at 800-690-3440.  Newfield National Bank website has information on the various consumer and business products offered as well as select bank rates.  The website address is www.newfieldbank.com.

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