Unity Bank
Unity Bank is an FDIC insured institution headquartered at
64 Old Highway 22, Clinton, NJ 08809.
It was founded in
1991 and has approximately $3 billion in
assets. Customers can open an account at one of its 18 branches.
Deposit Rates - December 6, 2023
SAVINGS RATES | APY | MIN | |
---|---|---|---|
Savings
|
0.05% | $2,500 | Compare |
CD RATES | APY | MIN | |
---|---|---|---|
6 Mo CD
|
0.25% | $10,000 | Compare |
6 Mo CD
|
0.25% | $100,000 | Compare |
12 Mo CD
|
0.25% | $10,000 | Compare |
12 Mo CD
|
0.25% | $100,000 | Compare |
24 Mo CD
|
0.60% | $10,000 | Compare |
24 Mo CD
|
0.60% | $100,000 | Compare |
36 Mo CD
|
0.80% | $10,000 | Compare |
36 Mo CD
|
0.80% | $100,000 | Compare |
48 Mo CD
|
0.90% | $10,000 | Compare |
48 Mo CD
|
0.90% | $100,000 | Compare |
60 Mo CD
|
1.00% | $10,000 | Compare |
60 Mo CD
|
1.00% | $100,000 | Compare |
MM RATES | APY | MIN | |
---|---|---|---|
Money Market
|
0.05% | $2,500 | Compare |
Money Market
|
0.10% | $10,000 | Compare |
Money Market
|
0.15% | $25,000 | Compare |
INT CHECKING RATES | APY | MIN |
---|---|---|
Int Ckg
|
0.05% | $2,500 |
Loan Rates - December 6, 2023
MORTGAGE PURCHASE | APR(%) | MONTHLY PAYMENT |
---|---|---|
15 Year Fixed Jumbo
|
7.86% | $2,749.34 |
30 Year Fixed Jumbo
|
7.24% | $2,268.46 |
MORTGAGE REFINANCE | APR(%) | MONTHLY PAYMENT |
---|---|---|
15 Year Fixed Jumbo
|
7.86% | $2,749.34 |
30 Year Fixed Jumbo
|
7.24% | $2,268.46 |
HOME EQUITY RATES | APR(%) | MONTHLY PAYMENT | ||
---|---|---|---|---|
Line of Credit
|
7.75% | Varies | ||
Compare with RATE Line of Credit from New American Funding, LLC
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Compare with RATE Line of Credit from Figure Home Equity Line
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Compare with RATE Line of Credit from Renovation Finance LLC DBA Renofi
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Compare with RATE Line of Credit from CrossCountry Mortgage, LLC
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5 Year Loan
|
7.25% | $1,980.12 | ||
10 Year Loan
|
7.63% | $1,180.50 | ||
15 Year Loan
|
8.13% | $948.45 |
AUTO LOAN RATES | APR(%) | MONTHLY PAYMENT |
---|---|---|
3 Year
|
7.50% | $777.66 |
4 Year
|
7.50% | $604.47 |
5 Year
|
7.50% | $500.95 |
Overview 2023
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 33503 |
Date Established | 1991 |
Assets | $ 2.54 billion |
Loans | $ 2.14 billion |
Deposits | $ 1,849.76 million |
Capital | $ 242.79 million |
Summary Balance Sheet as of June 30, 2023
ASSETS | |
Cash & Balances due from depository institutions | $ 147.83 million |
Interest-bearing balances | $ 125.31 million |
Total securities | $ 131.12 million |
Federal funds sold and reverse repurchase | N.A. |
Net loans and leases | $ 2.14 billion |
Loan loss allowance | $ 25.99 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | $ 0.25 million |
Goodwill and other intangibles | $ 2.43 million |
All other assets | $ 62.10 million |
Total Assets | $ 2.30 billion |
LIABILITIES | |
Total deposits | $ 1,849.76 million |
Interest-bearing deposits | $ 1,410.31 million |
Deposits held in domestic offices | $ 1,849.76 million |
% insured (estimated) | 64.69% |
Federal funds purchased and repurchase agreements | N.A. |
Trading liabilities | N.A. |
Other borrowed funds | $ 165.00 million |
Subordinated debt | N.A. |
All other liabilities | $ 22.37 millionn |
Total Liabilities | $ 2.30 billion |
Shareholders’ Equity | $ 242.79 million |
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES | |
Total Interest Income | $ 69.35 million |
Total Interest Expense | $ 20.99 million |
Net interest income | $ 48.37 million |
Provision for loan and lease losses | $ 0.80 million |
Total non interest income | $ 3.22 million |
Total non interest expense | $ 24.00 million |
Pre-tax Net Operating Income | $ 24.71 million |
Customer Reviews for Unity Bank
Branches
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Unity Bank Locations
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL CDBankNEW JERSEY$50,0006 Month0.25%0.74x (National Avg. - 0.34%)$10,000-SCENARIO
Year Rate
0.25%Annual
InterestAnnual Interest
(After Tax)1 50,000 125 88 2 50,125 125 88 3 50,250 126 88 4 50,376 126 88 5 50,502 126 88 6 50,628 127 89 7 50,755 127 89 8 50,882 127 89 9 51,009 128 89 10 51,136 128 89 11 51,264 128 90 12 51,392 128 90 13 51,521 129 90 14 51,650 129 90 15 51,779 129 91 16 51,908 130 91 17 52,038 130 91 18 52,168 130 91 19 52,298 131 92 20 52,429 131 92 TOTAL $2,560 $1,792 - 2ONLINE CDOnline Bank-$50,00060 Month4.00%4.54x (National Avg. - 0.88%)$2,500-SCENARIO
Year Rate
4.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,000 1,400 2 52,000 2,080 1,456 3 54,080 2,163 1,514 4 56,243 2,250 1,575 5 58,493 2,340 1,638 6 60,833 2,433 1,703 7 63,266 2,531 1,771 8 65,797 2,632 1,842 9 68,428 2,737 1,916 10 71,166 2,847 1,993 11 74,012 2,960 2,072 12 76,973 3,079 2,155 13 80,052 3,202 2,241 14 83,254 3,330 2,331 15 86,584 3,463 2,424 16 90,047 3,602 2,521 17 93,649 3,746 2,622 18 97,395 3,896 2,727 19 101,291 4,052 2,836 20 105,342 4,214 2,950 TOTAL $59,556 $41,689 - 3ONLINE CDOnline Bank-$50,00024 Month4.40%7.11x (National Avg. - 0.62%)$2,500-SCENARIO
Year Rate
4.40%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,200 1,540 2 52,200 2,297 1,608 3 54,497 2,398 1,679 4 56,895 2,503 1,752 5 59,398 2,614 1,829 6 62,012 2,729 1,910 7 64,740 2,849 1,994 8 67,589 2,974 2,082 9 70,563 3,105 2,173 10 73,667 3,241 2,269 11 76,909 3,384 2,369 12 80,293 3,533 2,473 13 83,825 3,688 2,582 14 87,514 3,851 2,695 15 91,364 4,020 2,814 16 95,384 4,197 2,938 17 99,581 4,382 3,067 18 103,963 4,574 3,202 19 108,537 4,776 3,343 20 113,313 4,986 3,490 TOTAL $68,299 $47,809 - 4ONLINE CDOnline Bank-$50,00012 Month5.20%10.26x (National Avg. - 0.51%)$2,500-SCENARIO
Year Rate
5.20%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,600 1,820 2 52,600 2,735 1,915 3 55,335 2,877 2,014 4 58,213 3,027 2,119 5 61,240 3,184 2,229 6 64,424 3,350 2,345 7 67,774 3,524 2,467 8 71,298 3,708 2,595 9 75,006 3,900 2,730 10 78,906 4,103 2,872 11 83,009 4,316 3,022 12 87,326 4,541 3,179 13 91,867 4,777 3,344 14 96,644 5,025 3,518 15 101,669 5,287 3,701 16 106,956 5,562 3,893 17 112,518 5,851 4,096 18 118,369 6,155 4,309 19 124,524 6,475 4,533 20 130,999 6,812 4,768 TOTAL $87,811 $61,468 - 5ONLINE CDOnline Bank-$50,0009 Month5.30%N.A.$2,500-SCENARIO
Year Rate
5.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,650 1,855 2 52,650 2,790 1,953 3 55,440 2,938 2,057 4 58,379 3,094 2,166 5 61,473 3,258 2,281 6 64,731 3,431 2,402 7 68,162 3,613 2,529 8 71,774 3,804 2,663 9 75,578 4,006 2,804 10 79,584 4,218 2,953 11 83,802 4,441 3,109 12 88,243 4,677 3,274 13 92,920 4,925 3,447 14 97,845 5,186 3,630 15 103,031 5,461 3,822 16 108,491 5,750 4,025 17 114,242 6,055 4,238 18 120,296 6,376 4,463 19 126,672 6,714 4,700 20 133,386 7,069 4,949 TOTAL $90,455 $63,319 - 6LOCAL CDBank-$50,00012 Month5.75%11.34x (National Avg. - 0.51%)$1,000-SCENARIO
Year Rate
5.75%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,875 2,013 2 52,875 3,040 2,128 3 55,915 3,215 2,251 4 59,130 3,400 2,380 5 62,530 3,596 2,517 6 66,126 3,802 2,662 7 69,928 4,021 2,815 8 73,949 4,252 2,976 9 78,201 4,497 3,148 10 82,698 4,755 3,329 11 87,453 5,029 3,520 12 92,481 5,318 3,722 13 97,799 5,623 3,936 14 103,422 5,947 4,163 15 109,369 6,289 4,402 16 115,658 6,650 4,655 17 122,308 7,033 4,923 18 129,341 7,437 5,206 19 136,778 7,865 5,505 20 144,643 8,317 5,822 TOTAL $102,960 $72,072
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