Investors Bank is headquartered in Short Hills and is the 2nd largest bank in the state of New Jersey. It is also the 71st largest bank in the nation. It was established in 1926 and as of March of 2019, it had grown to 1,922 employees at 148 locations. Investors Bank has an A health rating.
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8/20/08 - 6.00% Money Market Account Intro Rate at American Bank of New Jersey Bank - $50K+
11/1/07 - $250 Checking Account Bonus at American Bank of New Jersey
10/24/07 - 6.00% 6-Month Money Market Promotion at American Bank of New Jersey - Update
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4/27/07 - 5.75% Money Market Account at American Bank of New Jersey Branch - $50K+
Beware Of The Very Low ACH Limits. Money Goes In, But It Never Leaves!
The ACH limits for this account is a maximum of $10,000 per MONTH. Do not be fooled by the "$250,000 incoming ACH lmit". The keyword is INCOMING.
Once they have your money you will never be able to exit the bank given their limits. It is a scam bank.
Bank Lacks Experience With Internet Banking.
Application process for savings account is more intrusive than more matured institutions. Approval process is opaque. Customer Service is lacking in information.
Marginally higher interest rate will not compensate for the aggravation.
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28892 |
| Year Established | 1926 |
| Employees | 1922 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.73% |
| Return on Equity - YTD | 7.09% |
| Annual Interest Income | $256.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $26.57B$25.22B |
| Loans | Q1 2019vs Q1 2018 | $21.51B$20.36B |
| Deposits | Q1 2019vs Q1 2018 | $17.95B$16.80B |
| Equity Capital | Q1 2019vs Q1 2018 | $2.67B$2.80B |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $234.7MM$231.1MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $117.7MM$136.5MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $7.0MM$4.9MM |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Investors Bank Eaccess Money Market - 2.50% On Up To $2M
https://www.investorsbankeaccess.com/Savings/Money-Market-Account
It offers a 2.50% APY (2.467% APR), available nationwide, with no minimum balance.
Quotes below are all from their thorough FAQ PDF: https://www.investorsbankeaccess.com/InvestorsBankEAccess/media/Documents/eAccess-FAQ-2019.pdf
"What bank products can I open online through Investors eAccess?
Currently, we only offer the Investors eAccess Money Market Account. Additional accounts may be added to Investors eAccess in the future."
"All balances under $2,000,000 will earn the stated APY."
If you have even more than that, "you can open more than one account. There is no limit."
There is no account minimum, but "If your account balance remains at zero for 99 business days it will be closed and removed from our system. Please note that business days exclude Saturdays, Sundays and Bank Holidays."
"There is no charge for inbound wires."
"Withdrawals from this account are only permitted to be made via External Account transfer or ACH electronic debits to another financial institution. Outgoing wire transfers or checks are not permitted."
"A maximum of six withdrawals or transfers per monthly statement are allowed as per Federal regulations."
"Your limit [to transfer in or out] is $250,000 daily, or up to $250,000 monthly from or into your eAccess Money Market Account."
Always verify rates and promotions with the bank or credit union. We are not Investors Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Investors Bank Savings Account Rates
Investors Bank Money Market Rates
Investors Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $2.5k* | - | YourStyle Plus Checking | ||
| OTHER TIERS: 0.05% → Up to $2.5k | |||||
