Investors Bank is offering two deposit account specials. One is a money market special which guarantees a 1.05% APY until April 30, 2014. The balance that qualifies for this rate is between $100,000 and $2 million. The rate falls to 0.60% for balances between $25,000 and $100,000. Balances under $25,000 earn only 0.04%. New money is required, and the minimum balance to open the account is $10,000. It’s a money market account, but it does not offer check writing privileges. This special is not listed on the bank’s website. DepositAccounts.com member NJSaver posted on this in the DA forum (thanks!), and I called yesterday for more details. I was told this is available at all of their branches. A branch visit is required.
In my conversation with an Investors Bank CSR, I was told they also have a 13-month CD special. It has a 1.10% APY with a minimum deposit of $10,000.
Visit one of the Investors Bank branches to open these account specials. The bank operates over 100 branches across New Jersey and New York.
It’s a sizable bank with over $13 billion in assets. The bank has an overall health grade at DepositAccounts.com of B+ and a Texas ratio of 9.85% (above average) based on June 2013 data. Please refer to our financial overview of Investors Bank for more details. The bank has been a FDIC member since 1942 (FDIC Certificate # 28892).