Oritani Bank is offering two new checking account deals as part of its 100th anniversary. The first is a $125 checking account bonus. The second is a 2.05% APY on a checking account ($25K max) that's guaranteed to last until 8/1/2011. Both of these promotions are listed on the bank's front page as of 3/27/2011.
The checking account bonus has the following requirements:
- Open a TGIF (Thank Goodness It’s Free!) Checking Account
- $50 will be deposited into your TGIF account when you receive Direct Deposit within 100 days of account opening
- An additional $50 will be deposited into your TGIF account when you complete 3 Oritani Online Banking Payments within 100 days of account opening
- An additional $25 for signing up for eStatement banking
The other deal is a 2.05% APY on the checking account for balances of $1,000 to $25,000 (1.05% over) that's guaranteed to last until 8/1/2011.
- Open an eStatement Optimum Gold Checking Account
- Receive eStatements
- Establish Direct Deposit within 60 days of account opening
One downside to this account is that there is a $20 monthly fee for balances under $10,000.
This almost looks like a reward checking account, but it doesn't require any debit card usage and it has a monthly fee for low balances.
They are still offering a money market promotion with a 1.30% APY guaranteed until 4/30/2011. That was a better deal when I first reported on it in January.
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 4 stars (out of 5) with a Texas Ratio of 9.95% (above average) based on December 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).
Other Bank Bonuses
To find other bonus deals at other banks and credit unions, please refer to the bank bonus page which has all of my recent bank bonus blog posts. There are also additional bonuses listed in the checking account deals forum.