Haven Savings Bank logo

Haven Savings Bank in Hoboken, NJ

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Haven Savings Bank is a New Jersey-based community bank offering checking, savings, mortgages, credit cards, and business banking services with both personal and commercial lending options.

Data compiled from public sources

Haven Savings Bank Review

Haven Savings Bank is a regional financial institution headquartered in Hoboken, New Jersey, with an additional business development office in New Providence. The bank serves both personal and business customers across northern New Jersey and maintains NMLS licensing (#663144) for mortgage lending operations. Founded to serve the local community, Haven positions itself as a practical banking alternative emphasizing flexible solutions and personalized service.

00% APY with $25,000 balance requirement), CDs, IRAs, and personal credit cards (Haven Visa). 284% APR). Mobile banking and online account management are available to all customers.

For business customers, Haven distinguishes itself through dedicated commercial lending services including real estate loans, business loans, and commercial lines of credit. The bank also offers escrow management, cash management, property management services, and business credit cards. Their New Providence location specifically handles business development and commercial loan origination, indicating a structured approach to small-to-medium business banking.

Haven's primary limitation is geographic reach—the bank operates only in northern New Jersey with two physical locations. As a smaller regional bank, they may not compete on rates or promotional offers compared to national banks or online-only institutions. 00% APY) are competitive but not exceptionally high.

The bank does not advertise any special programs for credit-challenged borrowers or alternative lending products, positioning it as a traditional mainstream banking option rather than a niche lender.

Services & Features

Business checking and savings accounts
Business credit cards
CDs and IRAs
Cash management services
Commercial lending (real estate loans, business loans, lines of credit)
Escrow management services
Mobile banking and online account management
Personal Visa credit cards with rewards
Personal checking accounts with cashback rewards
Property management services
Residential mortgages (fixed and adjustable rate, no-point options)
Savings and money market accounts (Step-Up Money Market Account)

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • Cashback rewards on checking account transactions—explicitly advertised as a primary checking account feature
  • Step-Up Money Market Account with 3.00% APY, offering above-average savings rates for accessible money market products
  • Dedicated commercial lending team with separate New Providence office focused on business loans and commercial real estate
  • Free mobile banking service with secure account access and management capabilities
  • Escrow and property management services available, appealing to real estate investors and business owners
  • No-point mortgage options advertised, reducing upfront closing costs on home loans
  • Dual personal and business credit card offerings (Haven Visa) with customizable features

Cons

  • Limited geographic footprint—only two physical locations in northern New Jersey, restricting accessibility for customers outside the region
  • Mortgage rates (6.25-6.33% APR) and deposit rates (3.00% APY) are competitive but not high listed compared to national banks and online lenders
  • Minimum balance requirements ($25,000) on money market account to earn advertised APY, excluding lower-balance savers
  • No advertised special products for credit-challenged borrowers, limited first-time homebuyer programs mentioned
  • Relatively limited online presence and digital marketing—website is functional but basic compared to competitors

State Consumer Finance Context

This is state-level context for Banks consumers in Hoboken, NJ. It does not confirm that Haven Savings Bank or this specific location is licensed.

State regulator

New Jersey Department of Banking and Insurance

Key state rules to check

  • Payday lending is banned; New Jersey does not license payday lenders.
  • Criminal usury threshold is 30% for consumer loans.
  • Licensed consumer lenders under the New Jersey Licensed Lenders Act.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Mortgage Lending Transparency

Haven Savings Bank processed 58 mortgage applications in 2023, with 91.4% recorded as approved across 1 states.

58

Applications

91.4%

Approval Rate

$809K

Avg Loan

1

States Served

Approval Rate by Applicant Income

$50K–$100K
100%
$100K–$200K
91.7%
Over $200K
100%

Based on 58 applications. Income in thousands (reported by applicant).

States With Recorded Applications

New Jersey 58 apps · 82.8%

Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.

Frequently Asked Questions

What services does Haven Savings Bank offer?

Haven Savings Bank offers 12 services including Personal checking accounts with cashback rewards, Savings and money market accounts (Step-Up Money Market Account), CDs and IRAs, Personal Visa credit cards with rewards, Residential mortgages (fixed and adjustable rate, no-point options), and 7 more.

What profile signals are listed for Haven Savings Bank?

Haven Savings Bank has profile signals associated with Northern New Jersey residents and businesses seeking relationship-based community banking with personalized service, Small-to-medium business owners needing commercial real estate loans, business lines of credit, or escrow services, Real estate investors interested in property management services and commercial lending with dedicated loan officers.

What are the strengths and weaknesses of Haven Savings Bank?

Key strengths: Cashback rewards on checking account transactions—explicitly advertised as a primary checking account feature; Step-Up Money Market Account with 3.00% APY, offering above-average savings rates for accessible money market products; Dedicated commercial lending team with separate New Providence office focused on business loans and commercial real estate. Areas to consider: Limited geographic footprint—only two physical locations in northern New Jersey, restricting accessibility for customers outside the region; Mortgage rates (6.25-6.33% APR) and deposit rates (3.00% APY) are competitive but not high listed compared to national banks and online lenders.

How does Haven Savings Bank compare to similar companies?

In the Banks category, comparable providers include 1st Bank of Sea Isle City, 1st Colonial Community Bank, Chase Bank. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Founded
1938
Headquarters
Hoboken, NJ
BBB Accredited
No
Certifications
FDIC Insured FDIC Cert #30039
Visit Haven Savings Bank

CreditDoc Profile Note

Research Note on Haven Savings Bank

Haven Savings Bank is profile signals for northern New Jersey residents and small business owners who value personalized service and relationship banking from a local institution. The primary caveat is geographic limitation—this bank operates only in New Jersey with two locations, making it inaccessible for out-of-state customers seeking their services online, and rates/terms are competitive but not market-leading compared to national competitors.

Profile Signals

  • Northern New Jersey residents and businesses seeking relationship-based community banking with personalized service
  • Small-to-medium business owners needing commercial real estate loans, business lines of credit, or escrow services
  • Real estate investors interested in property management services and commercial lending with dedicated loan officers
Updated 2026-05-08

Similar Companies

1st Bank of Sea Isle City logo

1st Bank of Sea Isle City

FDIC-insured community bank in Cape May County, NJ offering deposit accounts, mortgages, business banking, and debit cards with 3 branch locations.

BBB: NR

Profile signals: Cape May County, New Jersey residents seeking local community banking with personal service, Homebuyers in Jersey Shore markets looking for mortgage lenders with regional real estate experience context

1st Colonial Community Bank logo

1st Colonial Community Bank

1st Colonial Community Bank is an FDIC-insured community bank serving South New Jersey and Southeast Pennsylvania with over 20 years of experience, offering personal and business banking products.

BBB: NR

Profile signals: Customers in South New Jersey and Southeast Pennsylvania seeking traditional community banking with branch access, Small business owners needing business checking, lending, and cash management services

Chase Bank logo

Chase Bank

Jersey City, NJ's Chase Bank branch at 56 Christopher Columbus Dr offers full banking services and ATM access to local residents and business professionals.

4.3/5

Google rating from 562 reviews

BBB: NR

Profile signals: Individuals seeking one-stop financial services including checking, credit cards, mortgages, and investments, Multilingual customers who need banking services in languages beyond English

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Quick Summary

  • Haven Savings Bank is listed as a Banks provider in Hoboken, NJ on CreditDoc.
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