Featured Savings Rates
Featured Accounts

Boiling Springs Savings Bank

Popular Accounts at this Bank

0.50%18-month CD15 Month CD
1.65%5-year CD60 Month CD
0.60%1-year CD12 Month CD

Overview / Commentary
25 Orient Way
Rutherford, NJ 07070

At Boiling Springs Savings Bank, they believe that true community banking means providing their customers with the best solutions to their financial needs through superior personal and professional service provided by a staff of dedicated people. It also means being a part of the community. They strive to support their communities by making a positive impact on the organizations and neighborhoods within their market.

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Reviews (2)


Posted by: Anonymous | Jun 8, 2011

I went to Boiling Springs last year to close out a CD that was set up almost 20 yrs ago when my great-grandmother passed away. Since it was the last day of the period allowed, and we did not have a passbook, we were told that we could close the account and pay $10 for the account not having a passbook or they would put a note in the system and next year we would not have any problems. Well, guess what....

Passbooks were not issued because of how the account was opened and when I went to get the money this year, again same issue with the passbooks. The only note put on the account last year was that we came to take it out of a dormant state. They will not let me close the account without a passbook and are going to charge me $10 because I "lost" a passbook that was never issued! First off, to charge me a $10 fee for a passbook is ABSURD and then to make me have one to close the account is even more ridiculous! THIS BANK IS CRAP. I have 4 other accounts in this bank and they are all being closed.

Do yourself a favor, find another bank before they find some reason to charge you for ridiculous things.

My Rating For This Bank Is A Zero

Posted by: Anonymous | May 29, 2010

My rating for this bank is a zero. I approached the mortgage department asking for a reprieve for 2 months because I have a seasonal business. I paid my mortage promptly for 15 years but had a rough patch. They treated me like shit and were anxious to trash my credit. They keep sending me late fees for a balance of $3,000. Go to Wachovia in Rutherford and ask for Lina. This is the best bank and they care about their customers. Boiling Springs Savings Bank rates a zero in my book. I will tell all my friends.


Health Grade Components

FDIC Certificate #30052
Year Established1939
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD3.5%
Annual Interest Income$30.7MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$1.69B$1.56B
LoansQ2 2017vs Q2 2016$1.45B$1.30B
DepositsQ2 2017vs Q2 2016$1.30B$1.18B
Equity CapitalQ2 2017vs Q2 2016$207.8MM$202.6MM
Loan Loss AllowanceQ2 2017vs Q2 2016$14.6MM$13.3MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$16.6MM$24.0MM
Real Estate OwnedQ2 2017vs Q2 2016$2.4MM$2.3MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Boiling Springs Savings Bank Savings Account Rates

0.50%*$50k*-Simply-Safe Savings
OTHER TIERS: 0.40% Up to $50k
0.25%*$50k*-Statement Savings Account
OTHER TIERS: 0.20% Up to $50k
0.20%*$25k*-IRA Asset Builder
OTHER TIERS: 0.15% Up to $25k
0.20%--Boiling Bucks Youth Savings Account
0.15%--Holiday Savings Club Account
0.15%--Special Occasion Savings Account

Boiling Springs Savings Bank Money Market Rates

1.05%*$250k*-Magnum Money Market Checking
OTHER TIERS: 0.40% $25k - $100k | 0.50% $100k - $250k
0.25%*$25k*-Money Market Checking
OTHER TIERS: 0.15% Up to $10k | 0.20% $10k - $25k

Boiling Springs Savings Bank Checking Account Rates

1.00%--IOLTA Fund
0.25%*$50k*-Premium Checking
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $25k | 0.20% $25k - $50k
0.10%--NOW Checking
0.10%--Direct Deposit Checking
0.10%--Classic Checking
0.10%--Student Checking
0.10%--Heroes Checking

Boiling Springs Savings Bank CD Rates

1.95%$1k-24 Month CD Special
1.70%$1k-24 Month CD
1.65%$1k-60 Month CD
1.40%$1k-36 Month CD Special
1.15%$1k-36 Month CD
0.85%$1k-12 Month CD Special
0.75%$1k-18 Month CD
0.60%$1k-12 Month CD
0.50%$1k-15 Month CD
0.30%$1k-182 Day CD
0.30%$1k-7 Month CD
0.20%$1k-91 Day CD

Boiling Springs Savings Bank IRA Rates

1.95%$1k-24 Month IRA Special
1.70%$1k-24 Month IRA
1.65%$1k-60 Month IRA
1.40%$1k-36 Month IRA Special
1.39%$250-18 Month Variable IRA
1.15%$1k-36 Month IRA
0.85%$1k-12 Month IRA Special
0.75%$1k-18 Month IRA
0.60%$1k-12 Month IRA
0.50%$1k-15 Month IRA
0.30%$1k-182 Day IRA