Promotional 6-month CD rate
We're offering a promotional rate of 4.10% APY on 6-month CDs. It's competitive, it's compelling, and it's exactly the kind of value proposition that gets conversations started. If you or anyone in your network is looking for better returns, we'd love to connect them with our team to discuss.
Investing in Paramus
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Lock in Before It's Gone
This 4.10% rate won't last forever! No games or fine print with teaser rates. We're offering a straightforward opportunity to maximize your returns.
Your Money Stays Local
Your deposits stay here. You're funding the coffee shop expansion, the family farm upgrade, and the startup that might just change everything.
Flexibility Meets Stability
Six months is the sweet spot. Long enough to earn meaningful returns at 4.10% APY, short enough to keep your options open.
Promotional 6-month CD rate
This is a great opportunity to earn returns for a short-term commitment. You can apply for special 6-month or 9-month rates, with options to extend. These are the best rates in the market, and if you find anything better – reach out! We'd love to hear from you and we'd love to discuss other options with competitive rates for your business.
* Offer valid for new investment accounts only. Terms and conditions apply. Annual Percentage Yield (APY) listed assumes that principal and interest remain on deposit at the same rate until maturity. CD will automatically renew on maturity at the current APY for that term. Minimum deposit to open certificate and obtain stated APY is $500. A penalty will be assessed for early withdrawal and could reduce earnings on this account. Interest and APY rates are subject to change without prior notice.
The Five Rivers Advantage
Rapid Response
Local lending authority means faster decisions.
Direct Access
Work with experienced banking leaders who understand your needs.
Fair & Flexible
Transparent fees, no rigid rules — real partnership that works with you.
Proactive Solutions
We work with your accountant and partners to solve financial hurdles.
Smarter Banking
Advanced financial management makes banking simple and efficient.
Frequently Asked Questions
A HELOC is a revolving line of credit, like a credit card, that lets you borrow what you need when you need it during the draw period. A home equity loan provides a lump sum upfront with fixed monthly payments. HELOCs offer more flexibility if you're not sure exactly how much you'll need or when.
Checking your rate with us involves a "soft pull" that does not impact your credit score. A hard inquiry only occurs when you decide to formally apply for the line of credit.
Because our lending decisions are made locally by experienced bankers, most applicants receive a decision within days rather than the weeks typical at larger banks. Closing timelines depend on property appraisal and title work, but we work efficiently to get you access to your funds.
After the 10-year draw period, your HELOC converts to a 15-year repayment period. You'll no longer be able to draw additional funds, and your payments will include both principal and interest. We'll communicate clearly as this transition approaches so there are no surprises.
HELOC interest may be tax deductible if the funds are used to buy, build, or substantially improve your home. Tax laws are complex and individual situations vary, so we recommend consulting with your tax advisor to understand your specific situation.
Get Started
Ready to get your money working harder for you? Reach out to our team today!