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Capital Bank of New Jersey Review

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Capital Bank of New Jersey Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Capital Bank of New Jersey started in 2007 with its headquarters in Vineland, New Jersey. It handles assets of $473 million along with $428 million in deposits, ranking it as a medium-size bank. Capital Bank of New Jersey lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Coming in at a commendable 4.2 stars out of 5, Capital Bank of New Jersey is a solid contender in your bank search. Capital Bank of New Jersey has a mixture of banking products, including savings accounts, checking accounts, money market accounts and CDs. Capital Bank of New Jersey has a fair savings rate compared to the average savings account. Obtaining a checking account with no monthly fee as well as a savings account with a high interest rate at the same institution is your best bet for gaining the most income from your deposits alongside easy access to your money.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.3
SmartAsset Average: 3.5

With a savings rate of 0.25%, Capital Bank of New Jersey ranks poorly in comparison to other U.S. banks. Capital Bank of New Jersey's one-year and five-year term lengths CDs earn at a rate of 0.40% and 1.16%, respectively, while its highest-yielding money market account has an APY of 0.20%. Given Capital Bank of New Jersey's noncompetitive savings rate, you should think about opting for higher earning savings accounts with other banks.

How Capital Bank of New Jersey's Savings Rates Compare

Capital Bank of New Jersey Savings 0.25 National Average 0.26 Compare Offers
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Fees

NR
SmartAsset Average: 4.4

There is insufficient data on Capital Bank of New Jersey's fees to provide a full SmartAsset rating.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

4.3
SmartAsset Average: 3.7

Capital Bank of New Jersey is a brick-and-mortar bank, with four total branches in New Jersey. With mobile and web apps, Capital Bank of New Jersey makes account access easy, even on the go. Capital Bank of New Jersey's online and mobile banking platforms get high marks from customers. The Capital Bank of New Jersey mobile app rates a 4.7 out of 5 (out of 45 ratings on Apple and Android) compared to the national average of 3.8. Capital Bank of New Jersey's mobile app allows you to manage your funds by monitoring account balances, transferring funds as well as accessing customer service. Capital Bank of New Jersey receives an outstanding consumer satisfaction score based on relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

Capital Bank of New Jersey ranks as a medium-size bank owning $473 million in assets as well as $428 million in deposits. Its Texas Ratio is 0.79%, suggesting that the bank is in terrific financial well-being and far from failure. Additionally, Capital Bank of New Jersey is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Capital Bank of New Jersey to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $25
Checking Account 0.15% APY $50
Certificates of Deposit
  • 12 Month: 0.40% APY
  • 24 Month: 0.65% APY
  • 36 Month: 0.80% APY
  • 48 Month: 1.00% APY
  • 60 Month: 1.16% APY
$500 for all terms
Money Market Accounts 0.1% APY 0.2% APY $10000 $15000

Capital Bank of New Jersey has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Capital Bank of New Jersey does not have the best savings rate, which means you should think about taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Capital Bank of New Jersey's CD rates are fair compared to the national average.

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Find a Capital Bank of New Jersey Near Me

Capital Bank of New Jersey has four physical locations across the U.S.

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