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Business Services

Simplified Employee Pension

A Simplified Employee Pension (SEP) is a plan wherein an employer can make a contribution to each eligible employee's Traditional IRA (including his or her own Traditional IRA if self-employed). Any tax deductions apply to the employer. The tax deferred earnings apply to the employee.

SEP IRA - a Simplified Employee Pension Plan. Contributions are made by the employer and are deposited to each eligible employee's Traditional IRA. Prior to adopting a SEP plan an employer must make sure that they are eligible to do so.

Features

  • FDIC Insured
  • Many Investment Options 0-6 years
  • No Annual Fees
  • Open account with as little as $10
 

 

 

Rates

Rates depend upon the type of investment selected please refer to the rate sheet for current rates.

Process

All SEP accounts are managed by the IRA Dept. An application to participate and beneficiary designation form are required for all new plans. Please contact the IRA Dept. with any questions concerning these products.

*Customers must contact their tax advisor to determine eligibility and tax deductibility.

Online Banking
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April 11, 2017

Online Banking Browser Compatibility Change

NVE Bank will be enhancing Online Banking security by disabling Transport Layer Security (TLS) 1.0 and 1.1 so that we can maintain the highest standards for our data security and to align with the payment card industry data security standards (PCI DSS) and industry best practices. Our customers will need to verify if their operating systems (OS) or browsers support TLS 1.2 and upgrade if necessary. Failure to do so may result in connection errors.

Below is a basic TLS 1.2 compatibility chart. Please contact NVE Bank at (201) 816-2800 for full details.

Browsers and Operating Systems TLS 1.2 Compatibility Notes
Microsoft Edge Compatible by default
Microsoft IE Desktop and mobile Version 11 Compatible by default
Microsoft IE Desktop versions 9 and 10

Capable when run in Windows 7 or newer, but not enabled by default

Firefox 27 and higher Compatible by default
Goggle Chrome 38 and higher Compatible by default
Mobile Safari versions 5 and higher Compatible by default
Microsoft Windows Server 2008 R2 and higher Compatible by default
Microsoft Windows Server 2008 and below Not compatible with TLS 1.2
Microsoft Windows 7, 8.0, 8.1 and 10 Compatible by default
Microsoft XP/Vista and below Not compatible with TLS 1.2

 

 

 

 

 

 

 

 

 

 

March 16, 2016

FDIC Consumer News (Winter 2016)

A Bank Customer's Guide to Cybersecurity

Member FDIC Equal Housing Lender

NVE Bank is a registered trademark in the U.S.

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