In an era marked by financial uncertainty and evolving economic landscapes, the choice of where to invest one’s money becomes increasingly critical. Among the hustle of financial instruments available, Bogota Savings Bank Certificates of Deposit offer a stable and secure avenue for individuals seeking to grow their savings.

Bogota Savings Bank CD Rate Offers

The most popular CD rates offers include;

12-Month CD


  • Interest Rate (APY): 0.35%
  • The CD matures in 12 months.
  • The interest rate is fixed for the entire term.
  • $1000 is required to open the CD.


Funds are locked in until maturity, with penalties for early withdrawal.

Pros & Cons

Fixed interest rateEarly withdrawal penalties
Low risk investmentLimited liquidity until maturity

24-Month CD


  • Interest Rate (APY): 0.50%
  • The CD matures in 24 months.
  • Like other CDs, the interest rate remains constant.
  • $1000 is required to open the CD.


Withdrawal before maturity may incur penalties.

Pros & Cons

Maturity in 24 monthsPenality Apply
$1000 minimum deposit

36-Month CD


  • Interest Rate (APY): 0.75%
  • The CD matures in 36 months.
  • The interest rate is fixed throughout the term.
  • $1000 is the minimum required to open the CD.


Withdrawal before maturity is subject to penalties.

Pros & Cons

Fixed interest rateWithdrawal Restrictions

48-Month CD


  • Interest Rate (APY): 0.75%
  • The CD matures in 48 months.
  • The interest rate remains constant for the entire term.
  • $1000 is needed to open this CD.


Early withdrawal may result in penalties.

Pros & Cons

Minimum initial depositRestrictions & Penalties

60-Month CD


  • Interest Rate (APY): 0.75%
  • The CD matures in 60 months.
  • The interest rate is fixed for the entire term.
  • Minimum Deposit: $1000


Funds are locked in until maturity, and early withdrawal comes with penalties.

Pros & Cons

Concise Investment plansFixed Funds

Are Bogota Savings Bank CD Rates Competitive?

Bogota Savings Bank’s Certificate of Deposit (CD) rates, as presented with Annual Percentage Yields (APY), reflect a mix of competitiveness across various terms.

  • The 12-month and 24-month CDs offer rates of 0.35% and 0.50% APY, respectively, which are relatively competitive in the current market.
  • The 36-month, 48-month, and 60-month CDs stand at 0.75% APY.

While these rates may not be the highest in the industry, they demonstrate reasonable competitiveness, and the overall appeal depends on individual preferences, risk tolerance, and the specific investment horizon.

To gauge the competitiveness more precisely, prospective investors should compare these rates with those offered by other financial institutions and consider additional factors such as minimum deposit requirements and any special terms or promotions.

Overview Bogota Savings Bank 

Bogota Savings Bank is one of the oldest banks in New Jersey. It was founded in Bergen County, New Jersey as a bank to serve the employees of Bogota Paper Mills. From there, the founder partnered with an experienced banker to open another location in town to serve the community at large. 

They offered savings accounts and loans to the people of Bogota, which helped the community grow. In 1996 the state chartered bank officially changed their name to Bogota Savings Bank.

For over 125 years this bank has been a resource to the people of Bogota and the surrounding areas. They make high-quality financial services accessible. You can open a checking account, savings account, or investment account, or get a loan through them. Even though they are one of the oldest banks in New Jersey, they have remained a small community-based bank that has two locations: one in Bogota and one in Teaneck, NJ.

Throughout the many changes the bank has made, its commitment to excellent customer service has remained the same. They help families and small businesses take advantage of opportunities to grow their community.

The bank makes charitable donations to Habitat for Humanity, United Way, Children’s Aid, Center for Food Action and Family Services, and higher educational scholarships for local students. As the times change, so has the bank. They recently released a streamlined mobile banking app as well as a new website. 


These rates are eligible to change at any time, so call a branch today to book an appointment. You can also purchase CD’s online through their website with competitive rates. You need to be a member of the bank to be eligible for their CD products. Start by opening a checking or savings account.

Locations Bogota Savings Bank

  • Upper Saddle River Branch
  • Spring Lake Mortgage Office
  • Newark Branch
  • Oak Ridge Branch
  • Parsippany Branch
  • Hasbrouck Heights Branch
  • Teaneck Branch
  • Bogota Branch

Frequently Asked Questions

What are the current CD rates offered by Bogota Savings Bank?

Currently, the bank is offering the CD terms for the highest APY of 0.75% which comprises a month duration of around 60.

Do Bogota Savings Bank CDs have fixed or variable interest rates?

Bogota Savings Bank typically offers CDs with fixed interest rates, providing predictability throughout the specified term.

What is the minimum deposit required to open a CD with Bogota Savings Bank?

The minimum deposit requirement may vary depending on the specific CD term, but typically, Bogota Savings Bank requires a minimum deposit, such as $1,000, to open a CD account.

Are there any promotional or special CD rates available at Bogota Savings Bank?

For this concern, it is recommended to check with the bank directly to find out about any ongoing promotions or special rates for CDs. Banks occasionally offer limited-time promotions that may provide higher-than-normal interest rates.

What are the penalties for early withdrawal from a Bogota Savings Bank CD?

Bogota Savings Bank likely imposes penalties for withdrawing funds before the CD matures, and the specific details can be found in the terms and conditions of the CD agreement.