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$100 Checking Account/Direct Deposit Bonus at Investors Savings Bank in New Jersey

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Investors Savings Bank is offering a $100 bonus for opening a new checking account with direct deposit. Details are provided at the bank's promotion page as of 4/27/09. Here's the important small print:
$100 bonus will be automatically credited into checking account in $25 increments at the end of each quarter. First credit will occur the first quarter following receipt of first direct deposit. Direct deposit must be entire paycheck or other recurring payment (such as social security or pension check) with a minimum $300. If account is closed within first 12 months, any bonus payment credited to the account will be forfeited and a $25 termination fee applied.
It appears that any of their checking accounts qualifies including their Free Checking which requires only $50 minimum opening balance. Also, the first order of 50 checks are free. There's also a high yield checking account with some decent rates for balances over $25K. As of 4/27/09, these rates are between 1.50% and 2% which unfortunately is competitive in today's rate environment for a non-reward checking account.

It appears that a branch visit is required to open an account. Branches are located throughout New Jersey. Some of the cities include Irvington, Clinton, Piscataway, Long Branch, Denville, Jackson, Somerset, Union and Washington. The bank has been FDIC insured since 1942 (FDIC Certificate # 28892).

Other Bank and Credit Union Bonuses

To find other bonus deals, please refer to my bank bonus page which has all of my recent bank bonus posts.

  Tags: New Jersey, checking account

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