1st Bank of Sea Isle City's primary operating region is Cape May County, NJ. We reserve the right to refuse account applications from outside of the Cape May County, NJ area.
All applicants must physically come into one of our branch locations to open any account. Proper identification must be supplied at account opening.
Savings Accounts
Rates Effective as of September 5, 2023
1 Account is limited to one (1) withdrawal per month
2 Service charges: $25.00 monthly if daily balance falls below $5,000.00; $5.00 per withdrawal for every withdrawal in excess of one (1) permitted monthly withdrawal.
The interest rate and Annual Percentage Yield (APY) may vary after account opening.
Checking Accounts
Rates Effective as of September 5, 2023
1 $5.00 monthly service fee applies if daily balance falls below $500.00
Certificates of Deposit
Rates Effective as of December 24, 2024
| Certificate Term | Minimum Deposit | Interest Rate | APY | Minimum Balance to Earn APY |
|---|---|---|---|---|
| 91 days 1 | $1,000.00 | 0.22% | 0.22% | $1,000.00 |
| 182 days1 (6 months) | $1,000.00 | 3.59% | 3.65% | $1,000.00 |
| 9 months1 | $500.00 | 0.33% | 0.33% | $500.00 |
| 12 months1 | $500.00 | 0.33% | 0.33% | $500.00 |
| 15 months1 | $500.00 | 0.33% | 0.33% | $500.00 |
| 18 months2 | $500.00 | 0.36% | 0.36% | $500.00 |
| 24 months2 | $500.00 | 0.36% | 0.36% | $500.00 |
| 30 months2 | $500.00 | 0.36% | 0.36% | $500.00 |
| 36 months2 | $500.00 | 0.39% | 0.39% | $500.00 |
| 60 months2 | $500.00 | 0.42% | 0.42% | $500.00 |
1 Subject to premature withdrawal penalty of 3 months loss of interest
2 Subject to premature withdrawal penalty of 6 months loss of interest
3This is a single maturity account. At Maturity the account will convert to a statement savings at the rate in effect on statement savings at that time.
Individual Retirement Accounts
1This is a variable rate account. The rate in effect will automatically change monthly to the rate in effect as of the last business day of the prior month. This account is subject to a premature withdrawal penalty of 6 months loss of interest, in addition to any IRS penalties until the account holder has reached the age of mandatory distributions.
2This account is subject to a premature withdrawal penalty of 6 months loss of interest, in addition to any IRS penalties until the account holder has reached the age of mandatory distributions.
Legacy Accounts
The following accounts are no longer being offered by 1st Bank of Sea Isle City.
The posted rates apply to existing accounts in these types.
1 Balances below $2,500.00 earn interest at the current NOW Account rate. Balances below $100.00 do not earn interest
2 Monthly service charge: $4.00 if the daily balance falls below $2,500.00