Rates
Find information about our deposit rates and loan rates below. To learn more about our loan programs or to receive a personalized loan quote, please call us at (973) 585-3181 or send us a message on our Contact Us page.
Interest Rates and Annual Percentage Yields
| Account Type | Minimum Deposit to Open | Minimum Balance *** to Obtain Annual Percentage Yield | Interest Rate | Annual Percentage Yield |
|---|---|---|---|---|
| Checking Accounts: | ||||
| STAR Checking | $25.00 | – | – | – |
| Money Market Checking * | $500.00 | $0.01 to $2,499.99 $2,500.00 to $99,999.99 $100,000.00 to $999,999.99 $1,000,000.00 and Over | 0.30% 0.59% 0.65% 1.10% | 0.30% 0.59% 0.65% 1.11% |
| Savings Accounts: | ||||
| STAR Savings * | $50.00 | $0.01 to $499.99 $500.00 and Over | 0.35% 0.59% | 0.35% 0.60% |
| Rising Star Savings* | $1.00 | $0.01 and Over | 0.60% | 0.60% |
| IRA Savings * | $500.00 | $500.00 | 0.59% | 0.60% |
| Business Savings* | $100.00 | $0.01 to $99,999.99 $100,000.00 and Over | 0.75% 1.98% | 0.75% 2.00% |
| Certificates/IRA Deposits **: | ||||
| 3 Month CD | $500.00 | $500.00 | 0.65% | 0.65% |
| 6 Month CD | $500.00 | $500.00 | 0.70% | 0.70% |
| 7 Month CD | $500.00 | $500.00 | 4.88% | 5.00% |
| 9 Month CD | $500.00 | $500.00 | 1.25% | 1.25% |
| 13 Month CD*** | $500.00 | $500.00 | 4.40% | 4.50% |
| 18 Month CD | $500.00 | $500.00 | 3.06% | 3.10% |
| 1 Year CD/IRA | $500.00 | $500.00 | 3.45% | 3.50% |
| 2 Year CD/IRA | $500.00 | $500.00 | 3.16% | 3.20% |
| 3 Year CD/IRA | $500.00 | $500.00 | 2.23% | 2.25% |
| 4 Year CD | $500.00 | $500.00 | 2.32% | 2.35% |
| 5 Year CD | $500.00 | $500.00 | 1.35% | 1.36% |
Annual Percentage Yields (APY) are effective as of 09/06/2023 and are subject to change without notice. Interest is compounded daily and paid monthly. Fees could reduce earnings on any of the accounts. Additional restrictions may apply. Minimum Balance to obtain APY represents the minimum daily amount of principal in the account each day.
* This is a variable account and rates may change after an account is opened. *Rising Star Savings – Children under the age of 18 with parent or guardian.
** This account will automatically renew at maturity. You will have ten (10) calendar days from the maturity date to withdraw your funds without being charged a penalty. After the account is opened, you may not make deposits into or withdrawals other than earnings from the account until the maturity date. Interest can remain in the account for compounding or be withdrawn. If any of the initial deposit is withdrawn before maturity, a penalty will be imposed, which could result in partial loss of principal. For Certificates of 7 months or less, the penalty for early withdrawal will be 91 days of interest; Certificates of 9 months through 18 months, the penalty for early withdrawal will be 182 days of interest; Certificates of 2 years through 5 years, the penalty for early withdrawal will be 365 days of interest.
***At the time of maturity, the 13-month CD term will auto-renew to a 12-month term at then published rate. Limited time offer. Other terms and rates available.
Mortgage Rates
Are you a first-time home-buyer or someone who has not owned a home in the last 3 years? Ask one of our Loan Specialists about how to receive a discounted interest rate on any of our programs offered below, and pay a reduced application fee!
Fixed Rate Mortgage
Feel secure knowing that your interest rate will be fixed for the entire term of your loan.
| Product | Rate | Annual Percentage Rate (APR) * | Monthly Payment per $1,000 Borrowed |
|---|---|---|---|
| 30 Year Fixed | 7.375% | 7.409% | $6.93 |
| 25 Year Fixed | 7.250% | 7.288% | $7.25 |
| 20 Year Fixed | 7.125% | 7.169% | $7.85 |
| 15 Year Fixed | 7.000% | 7.054% | $9.02 |
| 10 Year Fixed | 7.000% | 7.076% | $11.65 |
Adjustable Rate Mortgage
Take advantage of a lower interest rate by applying for an Adjustable Rate Mortgage (“ARM”). Your rate will be fixed for the initial term of your ARM loan, then adjusted annually thereafter.
| Product | Rate | Annual Percentage Rate (APR) * | Monthly Payment per $1,000 Borrowed |
|---|---|---|---|
| 3/1/30 ARM | 6.750% | 7.605% | $7.06 |
| 5/1/30 ARM | 6.875% | 7.495% | $6.99 |
| 7/1/30 ARM | 6.875% | 7.376% | $6.91 |
| 10/1/30 ARM | 7.000% | 7.317% | $6.87 |
Payments do not include amounts for taxes and insurance premiums. Actual payment will be greater.
* Annual Percentage Rate (APR) includes fee estimates for commitment fee, flood certification, settlement/closing, and an origination fee, if applicable. The APR displayed above does not include pre-paid daily interest. Rates quoted are for purchase transactions only, 1-4 family owner-occupied dwellings located in New Jersey, and based on the following assumptions: 80% LTV, $400,000 loan amount, no subordinate financing. Your actual rate will depend upon several factors including, but not limited to, the loan type, loan size, property type, your credit report, and property value.
Receive 0.25% off the above-published interest rate if your loan payment is automatically deducted from a Union County Savings Bank account. Look into our Personal Checking and Personal Savings account options here. Please note that automatic payment cannot be deducted from a Passbook Savings Account and applies to new loans only.
Property insurance required; flood insurance may be required. Loans subject to credit approval.
Consumer Loan Rates
Let the equity in your home work for you! Choose from a fixed rate home equity loan or a home equity line of credit that can be used at your convenience.
Fixed Rate Home Equity
Receive a lump-sum payment that can be used towards major expenses, improvements, or however would best suit your needs.
| Product | Rate | Annual Percentage Rate (APR)* | Monthly Payment per $1,000 Borrowed |
|---|---|---|---|
| 5 Year Fixed Rate Home Equity | 7.000% | 7.066% | $19.83 |
| 10 Year Fixed Rate Home Equity | 7.250% | 7.286% | $11.76 |
Payments do not include amounts for taxes or insurance premiums. Actual payment may be greater.
* Annual Percentage Rate (APR) includes fee estimates for commitment fee, flood certification, settlement/closing, and an origination fee, if applicable. The APR displayed above does not include pre-paid daily interest. Rates quoted are for home equity transactions only and based on the following assumptions: 70% CLTV, $200,000 loan amount. Your actual rate will depend upon several factors including, but not limited to, the loan type, loan size, property type, your credit report, and property value. The maximum loan amount is $500,000.
Receive 0.25% off the above-published interest rate if your loan payment is automatically deducted from a Union County Savings Bank account. Look into our Personal Checking and Personal Savings account options here. Please note that automatic payment cannot be deducted from a Passbook Savings Account and applies to new loans only.
Property securing the home equity loan must be a 1-4 family owner-occupied dwelling located in New Jersey. Property insurance required; flood insurance may be required. Loans subject to approval.
Home Equity Line of Credit
A Home Equity Line of Credit will allow you to access the equity in your home to use when you need it most.
| Product | Introductory Rate for the First 3 Months * | APR After 3 Month Introductory Period ** |
|---|---|---|
| Home Equity Line of Credit | 8.000% | 9.500% |
* Annual Percentage Rate (APR). Our introductory rate is the highest Prime Rate as published in The Wall Steet Journal (“WSJ Prime”) minus 0.50%. As of 07/27/2023, WSJ Prime is 8.500%. The introductory APR will apply to the first three (3) full billing cycles after the credit line is opened.
** Thereafter, the APR will be the WSJ Prime rate in effect at the time of the change plus 1.00%. The APR noted above may not be the APR in effect at the time of the change. The minimum APR that can be applied to your loan is 4.00% (the “Floor Rate”) and the maximum APR is 16.00%. Rates/APRs are variable monthly and subject to change without notice.
Receive 0.25% off the above-published interest rate if your loan payment is automatically deducted from a Union County Savings Bank account. Look into our Personal Checking and Personal Savings account options here. Please note that automatic payment cannot be deducted from a Passbook Savings Account.
The credit line has a 5-year draw period during which interest-only payments will be due monthly. After the 5-year draw period has ended, the credit line can no longer be extended and the outstanding balance will be repaid over a 5-year period. An inactivity fee of $100.00 will be charged to your account for each 12-month period during which the line is not used. Fees are subject to change without notice.
Property securing the line must be a 1-4 family owner-occupied dwelling located in New Jersey. Property insurance required; flood insurance may be required. Loans subject to credit approval.