Oritani Bank has a few good deposit deals. The first one is a money market special with a 1.30% APY guaranteed to 4/30/2011. This rate requires a minimum balance of $25K. In May the promotional rate will return to the standard money market rate (which is 1.00% as of 1/23/2011). Minimum balance of $1K is required to avoid a $10 monthly fee. This special is listed at the bank's MMA promotions page as of 1/23/2011.
The bank is also offering some competitive CD and IRA CD rates. The best ones include a 1.65% APY 30-month CD and a 1.85% APY 3-year CD. These are also available as IRA CDs with rates 10 basis points higher. These rates are listed in the bank's rates page as of 1/23/2011.
It appears that a branch visit is required to open an account. Branches are located in the New Jersey counties of Bergen, Passaic and Hudson.
The bank has an overall health score at DepositAccounts.com of 5 out of 5 with a Texas Ratio of 11.33% (excellent) based on September 2010 data. Please refer to our financial overview of Oritani Bank for more details. The bank has been a FDIC member since 1939 (FDIC Certificate # 28866).