Lincoln 1st Bank (NJ) Adds Loyalty Checking


Availability: Market area is northern New Jersey.

About two months ago, Lincoln 1st Bank (formerly Lincoln Park Savings Bank) introduced its Loyalty Checking account, which currently earns 2.17% APY on qualifying balances up to $30k. Qualifying balances of $30k+ earn 0.30% APY, with non-qualifying balances earning 0.10% APY.

Eligibility Requirements

  • At least 10 signature-based debit card purchases per statement cycle.
  • At least one Direct Deposit (no minimum) per statement cycle.
  • At least one ACH payment per statement cycle.
  • Enrolled in and receive e-Statements.

The Loyalty Checking account has no minimum balance requirement or monthly service, and can be opened with a minimum of $50. Nationwide ATM fees will be refunded up to $20 per statement cycle “when eligibility requirements are met.”

Thanks to DA reader, patking, for his Forum post about the Loyalty Checking account.


Lincoln 1st Bank is located in Morris County, New Jersey, which is the twelfth wealthiest county in the United States by median household income. While the Bank’s market area is northern New Jersey, more than 90% of its customers are from the Lincoln Park, Pequannock, Montville, and Wayne area.

Opening any type of account (including Loyalty Checking) with Lincoln 1st Bank must be done in person at either of two New Jersey branches, located in Lincoln Park and Montville. The Bank's online platform is currently dedicated to account management and bill payment services.

Bank Overview

Lincoln 1st Bank (FDIC Certificate # 28963) has an overall health grade of "B" at, with a Texas Ratio of 19.17% (above average) as of September 30, 2016. In the past year, Lincoln 1st Bank has increased its total deposit by $20.05 million, an excellent annual growth rate of 15.81%. Please refer to our financial overview of Lincoln 1st Bank for more details.

Established in 1922 as the Lincoln Park Savings and Loan Association, the Bank rebranded as Lincoln 1st Bank ten months ago, having been known as the Lincoln Park Savings Bank for the past 12 years. According to David G. Baker, President and CEO, the Bank's new name and tagline – Your Bank. Your Neighbor. – reflects its continuing commitment to furthering the financial goals of its customers.

How the Loyalty Checking Compares

Of all the Rewards Checking Accounts tracked by, there are only four available to New Jersey residents that have qualifying balances up to at least $30k, with Lincoln 1st Bank’s Loyalty Checking APY currently ranking first.

The above rates are accurate as of 1/2/2017.

To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account rates table or our Rates Map page.

  |     |   Comment #1
no way to open account online and they just have 2 branches in nowhere land
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