2.50% Money Market Account at OceanFirst Bank in New Jersey - Local Only


OceanFirst Bank is having a promotion on its BlueChip Investment Account with a 2.50% APY on balances of at least $15,000, and up to $500,000. The rate is guaranteed to August 1, 2009. The rate for balances under $15,000 is 0.50%, and a $25,000 minimum balance is required to avoid monthly fees. This special doesn't seem to be listed at the bank's website. A reader mentioned this promo in the comments, and I contacted the bank today for more details. According to the CSR, a branch visit is required.

More details about this BlueChip Investment Account are listed in the bank's Personal Savings Page. The account offers free checks and a Visa Check Card. It has unlimited check writing privileges; however, a minimum check amount of $250.00 is required. With this checking feature and name, it almost looks like a money market fund, but according to the bank this account is considered an FDIC-insured savings account.

Branches are located mostly in Ocean County and Monmouth County, New Jersey.

OceanFirst Bank has some strong ratings for safety and soundness: 4 stars (excellent) at BauerFinancial and 4 stars (sound) at Bankrate.com. The bank has been FDIC insured since 1938 (Certificate # 28359).

Thanks to the reader who mentioned this promotion in the Daily Deals & News Post.
4.25% 5-Month CD at a New Jersey Bank - and $100 Checking Bonus (OceanFirst)
OceanFirst Bank is having a grand opening special at its new Freeport office. One special is a 4.25% APY 5-month CD. The minimum deposit is $500, and the maximum is $100,000. It requires that you also open their Simply Great Checking Account.

When you open the Simply Great Checking Account, you can also qualify for a $100 bonus when you add direct deposit. You have 60 days to initiate direct deposit. The checking requires a minimum monthly balance be maintained or a direct deposit or debit transaction to avoid a...

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