Kearny Bank

Overview / Commentary
120 Passaic Avenue
Fairfield, NJ 07004

From the Bank

Kearny Bank is a community bank founded in 1884 as New Jersey mutual building and loan association. The association obtained federal insurance of accounts in 1939 and received a federal charter in 1941. In February 2015, Kearny Bank changed its name from Kearny Federal Savings Bank to Kearny Bank. Kearny Bank is wholly owned by Kearny Financial Corp. (the "Company"), a Maryland corporation organized as a fully public holding company. Today the Company has assets of $4.50 billion. Kearny Bank's deposits are insured by the Federal Deposit Insurance Corporation.

Related Posts

Kearny Bank (NJ/NY) High Yield Checking Earns 3.05% APY - 5/24/2019

Kearny Bank (northern New Jersey/Brooklyn/Staten Island) is offering a High Yield Checking account, earning 3.05% APY on qualifying balances up to $25k.

Kearny Bank Money Market 2.50% With High Yield Checking - Must Open In Spring Lake Heights NJ Branch - 10/24/2018

Kearny Bank just remodeled their branch in Spring Lake Heights, NJ. The following special requires an in-person visit to the branch to open, but subsequent transactions can be done at any Kearny Bank branch or online. This special has not been advertised online, but I’ve seen it advertised Spring Lake Heights Kearny Bank branch for details. Special Money Market account with 2.25% yield, and rate guaranteed until July 2020! Initial deposit of $10K new money required. ( not already on deposit in another Kearny account) A 2.50% money market bonus rate is available if you also open a High Yield Checking. High Yield checking will pay 3.05% on up to $25K, IF you maintain some significant activity thresholds. If you don’t maintain activity threshold in a statement cycle, Checking Acct rate goes down to 0.25%, however money market rate will retain 2.50% rate. Hi Yield Checking activity requirement details on Kearny Bank website.

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Reviews (2)

Easy Setup, Super Friendly Service.

Posted by: sotoa | Jun 18, 2018

I receive the promo in the mail, and was surprised with the high interest rate. I easily signed up at the bank and and was set up. I received two calls thanking me and reviewed my needs. Large checks do take a little while to clear since I was "new". I didn't quite do 10 debits the first month due to the month cutting off prior to the 30th, but they still gave the high interest. Paperless is easy to do and setting up one auto payment was easy.
I'm enjoying the friendly service and the high rate. They are expanding branches so that's great!

High Yield Checking Not Woth It

Posted by: KABM42 | Jun 4, 2016

Was lured in by the high yield checking rate, despite all the hoops they make you go through signed up any way. Must have one auto debit or credit, sign up for e-statements and have 10 debit card transactions per month. First the branch screwed up and the checks weren't ordered. By the time the checks finally arrived didn't qualify for high yield interest couldn't have the direct deposit set up without the checks. Signed up for e-statements but kept receiving paper statements, had to call the bank. Was told it wasn't showing as enrolled. Again it was fixed but missed out on another month of the high yield interest. No longer receiving paper statement but was not receiving e-mail alerts had to call bank again. Now told that it is a joint account and am not listed as primary no e-mail was sent. It was supposed to be fixed. Guess what it wasn't so 5 months after opening the account it is still not right. I can't recommend this bank not consumer friendly.


Health Grade Components

FDIC Certificate #28765
Year Established1884
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD3.97%
Annual Interest Income$120.7MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$6.62B$6.56B
LoansQ2 2019vs Q2 2018$4.66B$4.47B
DepositsQ2 2019vs Q2 2018$4.27B$4.12B
Equity CapitalQ2 2019vs Q2 2018$973.1MM$1.19B
Loan Loss AllowanceQ2 2019vs Q2 2018$33.3MM$30.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$20.3MM$16.8MM
Real Estate OwnedQ2 2019vs Q2 2018$0$725.00K
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Always verify rates and promotions with the bank or credit union. We are not Kearny 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.

Kearny Bank Savings Account Rates

0.50%$10-Kid's Club Account
0.25%$25-Statement Savings IRA
0.10%$5-Holiday Club
0.10%$100-Statement Savings

Kearny Bank Money Market Rates

2.25%*$1m*$5mTiered Money Market Plus (New Money Only)
OTHER TIERS: 1.11% $100k - $200k | 1.51% $200k - $1m
1.51%*$10k*-Money Market Advantage
OTHER TIERS: 0.10% Up to $10k
0.25%*$25k*-Tiered Money Market Account
OTHER TIERS: 0.05% $2.5k - $10k | 0.10% $10k - $25k
0.10%*$2.5k*-Money Market Savings
OTHER TIERS: 0.05% Up to $2.5k

Kearny Bank Checking Account Rates

3.05%-$25kHigh Yield Checking
0.25%$20k-Star Banking Plus Checking
0.25%$10k-Senior Star Banking Plus Checking
0.10%$100-N.O.W. Checking

Kearny Bank CD Rates

2.25%$500-5 Year StarBanking Plus CD
2.15%$500-4 Year StarBanking Plus CD
2.10%$500-5 Year CD
2.10%$500-19 Month CD
2.10%$500-15 Month CD
2.05%$1k-7 Month CD
2.00%$500-4 Year CD
1.95%$500-3 Year StarBanking Plus CD
1.79%$500-3 Year CD
1.69%$500-2 Year StarBanking Plus CD
1.53%$500-2 Year CD
1.43%$500-1 Year StarBanking Plus CD
1.28%$500-1 Year CD
0.66%$1k-6 Month CD
0.15%$1k-91 Day CD
0.05%$25k-30 Day CD

Kearny Bank IRA Rates

2.25%$500-5 Year StarBanking Plus IRA
2.15%$500-4 Year StarBanking Plus IRA
2.10%$500-5 Year IRA
2.10%$500-19 Month IRA
2.10%$500-15 Month IRA
2.05%$1k-7 Month IRA
2.00%$500-4 Year IRA
1.95%$500-3 Year StarBanking Plus IRA
1.79%$500-3 Year IRA
1.69%$500-2 Year StarBanking Plus IRA
1.53%$500-2 Year IRA
1.43%$500-1 Year StarBanking Plus IRA
1.28%$500-1 Year IRA


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