Cross River Bank offers a top CD APY rate of .55% for a 48-month term. The minimum deposit for this and all of Cross River Bank’s CD’s is $500. The dividends earned on this CD are paid upon maturity.

The shortest CD term offered at Cross River is 3 months and offers a .20% APY. 6-month CDs increase to .25% APY and 12 months increase further to .35% for 12 months. These short-term lengths allow for flexibility and will also be providing significant gains on your deposit. 

A great intermediate option is the 18, 24, or 36-month terms. 18-month CDs hold a .40% APY and increase up to .50% APY for 36-month terms. This is only .05% lower than the best rate of .55% for 48 months. 

In total, Cross River Bank offers eight CDs. Each CD requires a $500 minimum deposit as a baseline, but with more money deposited, more money will be gained on return. CD term lengths vary from 3 to 48 months, and each option comes with a competitive Annual Percentage Yield rate. Keep in mind that each CD is subject to early withdrawal fees as well. 

*Annual Percentage Yields (APYs) are accurate as of October 16, 2020. Minimum deposit to open account and minimum balance to obtain APY indicated in tables. CDs are subject to penalty for early withdrawal. Fees on checking and savings accounts may reduce earnings. Rates are subject to change at any time.


To open a CD with Cross River Bank, you must first become a member by opening an account. CDs cannot be purchased directly online but can be completed either in person at the branch or by other means such as fax, mail, or email. Two forms of government ID and the minimum deposit of $500 are needed to open the CD. 


Teaneck, NJ – 885 Teaneck, NJ 07666 (201) 808-7000

Bank Overview

Cross River Bank is unique because it relies primarily on up-and-coming technology to provide state-of-the-art service to its customers. Cross River gives the customer ample measures to connect online or over the phone with only one branch location. By operating this way, Cross River has eliminated many of the fees and red-tape that accompany most traditional banking processes. 

Cross Rivers’s partnership with technology allows this bank to provide competitive savings and investment rates without traditional hassles. Working smarter and not harder is just one of the many ways Cross River shows it’s customers that they will always come out on top.