New Millennium Bank Small Business Administration Loan(SBA) Program

We are helping small businesses grow and succeed.

SBA programs are designed to assist small businesses in obtaining loan approvals and leverage private capital for use in startup costs, working capital, business procurement, franchise fees, equipment, inventory, or the purchase of owner‐occupied commercial real estate. The program provides a lender with the necessary security, in the form of a partial guarantee, for the lender to approve a loan or line-of-credit. Our reputation for creativity, speed, accuracy, and service is what sets us apart from other lenders.

Contact us today and get approved! (201) 585-6090

Personal CDs, Money Markets & Savings

Personal CDs, Money Markets & Savings

New Millennium Bank offers the friendly, personal assistance you want from your banker along with the full services you need. From checking and savings to mortgages and home equity loans, from ATM cards and online banking to bank vaults and overdraft protection, New Millennium has it all. There's just no reason to bank anywhere else!

Compare Our CDs, Money Markets & Savings

Certificates of DepositHybrid CDMoney Market AccountNeighborhood SavingsMillennium Club
New Millennium Bank offers Certificates of Deposit to suit your needs every way, every day. You pick the term that suits your lifestyle. Talk with the friendly neighborhood bankers at New Millennium Bank.
The great rates you want, plus the convenient terms you need
HIGHLIGHTS

  • Minimum opening deposit of $500
  • Interest compounded daily, credited monthly
  • Certificate of Deposit information appears on your New Millennium Bank checking statement (upon request)
  • Penalties may apply to early withdrawals
*At our discretion we may change the interest rate and annual percentage yield (APY) for your account at any time.

There is no limit to the amount of the change. Accrual of interest begins on the business day you deposit non-cash items (for example, checks). Accrued interest will not be paid if the account is closed before the interest is credited to the account. Account is subject to approval. The terms of the account, including any fees or features, are subject to change without prior notice except as required by law. Refer to product disclosure fo the terms and conditions associated with the product. Other fees and charges may apply and may reduce the earnings on the account. The account is covered by FDIC insurance up to the maximum allowed by law.

Truth-in-Savings Disclosure for Hybrid CD with Checking
INTEREST
  • Interest is not compounded
  • Interest will be credited monthly to a non-interest bearing checking account opened at New Millennium Bank.
  • The Account does not allow interest to accrue and remain in the Account
A NON-INTEREST BEARING CHECKING ACCOUNT IS REQUIRED
  • Interest from the account will be credited monthly to a non-interest bearing checking account opened at New Millennium Bank. If the customer does not already have such account, the customer is required to open a non-interest bearing account to receive the monthly interest credit from the Account.
  • Separate disclosure is provided for the new checking account
MINIMUM BALANCE
  • An initial deposit of $30,000 or more is required to open this Account.
NUMBER OF ACCOUNT
  • No limitation
MINIMUM BALANCE REQUIREMENT
  • You need to maintain a minimum balance of $30,000 on a daily basis to earn the annual percentage yield disclosed.
  • If and when the balance falls below $30,000, the contract period ends immediately, the Account is closed, and the remaining balance is returned.
  • If we consent to a withdrawal that is otherwise not permitted you may have to pay a penalty. It will be an amount equal to 90 days’ simple interest on the amount withdrawn.
WITHDRAWALS
  • Up to six (6) withdrawals are allowed during the contract period, without penalty, as long as the minimum balance requirement of $30,000 is maintained.
  • Each of the six (6) withdrawal must be for at least of $1,000.
  • No withdrawals are allowed during the first and last 30 calendar days of the contract period.
  • Fees may reduce earnings. A penalty may be charged for early withdrawals.
DEPOSITS
  • An unlimited number of deposits are allowed during the contract period in the amount of $1,000 or more.
  • No deposits are allowed during the first and last 30 calendar days of the contract period.
RENEWAL AND CHANGE IN TERMS AND CONDITIONS
  • This Account will automatically renew upon maturity to a regular Certificate of Deposit (CD), earning the prevailing interest rate for the same term, unless a Hybrid CD is being offered with the same or similar terms at maturity.
  • You may withdraw funds within ten (10) calendar days after maturity without a penalty. The minimum balance requirement must be maintained for the new product.
  • If the Account is not renewed any interest accrued after the maturity date will not be paid.
  • All rates are subject to change without notice.
  • This promotion can be terminated anytime without notice.
Truth-in-Savings Disclosure for Hybrid CD without Checking
Put your money to work where it will do you the most good. A New Millennium Bank Money Market Account offers you a competitive rate of return with the convenience of easy access to your funds by phone, online, ATM, and with our friendly, in-person service.
You deserve great rates. We're happy to offer them.
HIGHLIGHTS
  • Minimum opening deposit of $1,000
  • Earns a variable rate of interest, compounded daily and credited monthly
  • Accrual of interest begins on the business day you deposit non-cash items (for example, checks). Accrued interest will not be paid if the account is closed before the interest is credited to the account
  • No Minimum Balance Fee when you maintain a daily balance of $1,000 or more. If your balance falls below the minimum, a $20 Minimum Balance Fee applies for that statement period.
  • Withdrawals and/or transfers to another account at New Millennium Bank or to a third party by means of a preauthorized or automatic transfer, check, draft, point-of-sale by ATM/Debit card, telephone (including data transmission) and/or Online/Internet Banking or similar orders are limited to six (6) per monthly statement cycle by federal regulation. Exceeding the federal limits on withdrawals may result in your account being converted to a regular checking account.
  • A $15 Withdrawal Limit Fee applies for each withdrawal or transfer out in exceed of six.
  • ATM card
  • No ATM fees from us at any ATM
  • Free online banking
  • Convenient monthly statement shows images of every check processed
  • Available for personal and business banking
  • E-Statements available
*At our discretion we may change the interest rate and annual percentage yield (APY) for your account at any time.

There is no limit to the amount of the change. Accrual of interest begins on the business day you deposit non-cash items (for example, checks). Accrued interest will not be paid if the account is closed before the interest is credited to the account. Account is subject to approval. The terms of the account, including any fees or features, are subject to change without prior notice except as required by law. Refer to product disclosure fo the terms and conditions associated with the product. Other fees and charges may apply and may reduce the earnings on the account. The account is covered by FDIC insurance up to the maximum allowed by law.

Put your savings where you get neighborhood convenience, friendly service, and a complete range of banking services, all in the same place – New Millennium Bank.
Watch Your Savings Grow – Right Around The Corner
HIGHLIGHTS
  • Minimum opening deposit of $50
  • Earns a variable rate of interest, compounded daily and credited monthly
  • Accrual of interest begins on the business day you deposit non-cash items (for example, checks). Accrued interest will not be paid if the account is closed before the interest is credited to the account
  • No Average Balance Fee if you maintain an average daily balance of $100. If your balance falls below the minimum, a $3 Average Balance Fee applies for the calendar month.
  • Withdrawals and/or transfers to another account at New Millennium Bank or to a third party by means of a preauthorized or automatic transfer, check, draft, point-of-sale by ATM/Debit card, telephone (including data transmission) and/or Online/Internet Banking or similar orders are limited to six (6) per monthly statement cycle by federal regulation. Exceeding the federal limits on withdrawals may result in your account being converted to a regular checking account.
  • A $15 Withdrawal Limit Fee applies for each withdrawal or transfer out in exceed of six.
  • Free online banking
  • ATM card
  • No ATM fees from us at any ATM
  • Convenient quarterly statements
  • E-Statements available
*At our discretion we may change the interest rate and annual percentage yield (APY) for your account at any time.

There is no limit to the amount of the change. Accrual of interest begins on the business day you deposit non-cash items (for example, checks). Accrued interest will not be paid if the account is closed before the interest is credited to the account. Account is subject to approval. The terms of the account, including any fees or features, are subject to change without prior notice except as required by law. Refer to product disclosure fo the terms and conditions associated with the product. Other fees and charges may apply and may reduce the earnings on the account. The account is covered by FDIC insurance up to the maximum allowed by law.

Millennium Club account automatically transferring a specific amount from your checking or savings account into a Millennium Club account each month or pay period.

A great rates to save your money

HIGHLIGHTS

INTEREST
  • Interest is compounded daily.
  • Interest will be credited quarterly to the account.
  • Interest will not accrue after maturity
  • Interest is calculated using daily balance method based on 365-days year (366-day for leap year)
  • Deposit made on Saturdays and Sundays, the interest begins to accrue on the next business day after the deposit
AUTOMATIC DEPOSIT FROM A DEMAND DEPOSIT ACCOUNT AT NEW MILLENNIUM BANK
  • 0.25% bonus rate applies when auto-debit from NMB account is set up for monthly deposit.
MINIMUM BALANCE REQUIREMENT
  • To open this account, you must make the initial deposit amount designated for the particular contract amount and term you choose to open.
  • Minimum contract amount is $1,000.
  • After the initial deposit at account opening, to obtain the annual percentage yield disclosed, equal monthly deposit is required on the same due date each month until maturity. The due date is defined as the date this account is initially opened and will remain the same date each month until maturity unless it falls on a weekend or bank holiday then the next business day will be the due date for that month.
NUMBER OF ACCOUNT
  • No limitation
WITHDRAWAL
  • If the account is closed before maturity, you will not receive accrued and non-credited interest.
  • Account will be closed if and when any withdrawal is made to principal, interest or no deposits are made for three consecutive months.
DEPOSITS
  • Equal monthly deposit are required on the same due date each month until maturity.
  • Only the contractual amount can be deposited each month. Any access money will be returned to the customer.
  • During certain months, the due date may fall on a non-business day or a bank holiday and when such an event occurs, the next business day will be the due date for that month.
OTHER TERMS AND CONDITIONS
  • This is a single maturity account, this account will not renew at maturity and will be closed.
  • If deposits are not made for three consecutive months, the account is automatically closed.
  • Any monthly deposits past the due date may reduce earnings and total amount received at maturity may be smaller than the contract amount.
  • One installment payment must be deposited into the account on a monthly basis, based on the installment contract with the Bank, to earn the annual percentage yield.

* Further rate and detail information, please contact any New Millennium Bank Branch.

Get Started Now

Grow your business with an affordable, easy business loan

If you’re planning to start a business or expand an existing business, you might need financing help. SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan
Get Started Now

Our Branches

  • Headquarter
  • Fort Lee, NJ 07024
  • (201) 585-6090
  • New Brunswick
  • NJ 08901
  • (732) 729-1100
  • Fort Lee
  • NJ 07024
  • (201) 944-1110
  • Bayside
  • NY 11361
  • (347) 836-4914
  • Manhattan
  • NY 10001
  • (212) 239-1023
  • Duluth
  • GA 30096 (LPO)
  • (770) 291-2198

Contact Us

Our Corporate Office & Corp. Branch Open

Monday - Friday
9:00am - 5:00pm

Saturday
Closed

Sunday
Closed

Our Branch Open

Monday - Friday
8:30am - 5:00pm

Saturday
9:00am - 1:00pm

Sunday
Closed

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