Investors Bank Review 2022 Bankrate
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Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The principal savings account is YourStyle Savings, which can be opened with $50. The monthly $5 monthly fee ($4 with eStatements) is waived for students age 18 to 24, seniors 62 and older and U.S. military veterans and active-duty personnel. Otherwise, a $300 balance is required to avoid the monthly fee.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
Penalties for early withdrawals depend on the length of the CD term. For 12-month CDs, pulling money out before the term ends will cost you 180 days of interest.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The YourStyle Plus MMA offers the highest yield, but only on balances of $200,000 or more.
Account holders have free access to online and mobile banking, bill pay, e-statements and person-to-person payments using Zelle.
Investors Bank also offers an interest-bearing account, YourStyle Plus Checking, as well as Consumer Checking, its most basic checking account, which has no minimum balance requirement and a $3 monthly fee. It can be opened with a $25 deposit.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Our articles, interactive tools, and hypothetical examples contain information to help you conduct research but are not intended to serve as investment advice, and we cannot guarantee that this information is applicable or accurate to your personal circumstances. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
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The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.Editorial disclosure
All reviews are prepared by our staff. Opinions expressed are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including any rates, terms and fees associated with financial products, presented in the review is accurate as of the date of publication. Investors BankInvestors Bank Review 2022
Libby Wells covers banking and deposit products. She has more than 30 years’ experience as a writer and editor for newspapers, magazines and online publications. Updated November 10, 2022 Bankrate logoThe Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. Bankrate logoThe Bankrate promise
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.On This Page
At a glance
3.5 Bankrate Score CDs Checking Savings MMA About Bankrate Score Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.Overview
Investors Bank is good for consumers who live within its branch footprint in New York, New Jersey and Pennsylvania, and want a bank with a range of deposit and loan products, and digital banking tools.Highlights
Low Min Deposit Compare offers Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. Member FDIC Savings Account 3.60 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. balance for APY Offer detailsBask Bank
Member FDIC Savings Account Details 3.60 % APY Min balance for APY 0 Monthly Acct Fees. No Balance Cap to Earn APY.Overall
Investors Bank has been around for more than 90 years and offers a variety of banking products online and at more than 150 branches.Pros
Deposit requirements for CDs and savings accounts are low. The bank provides online and mobile banking tools. It has a large branch network.Cons
Physical branches are limited to New Jersey, New York and Pennsylvania. Not all accounts can be opened online.Investors Bank bank products
Savings CD Money Market Checking 2.4 Bankrate ScoreInvestors Bank savings overview
Investors Bank offers several savings accounts, including a high-yield account that earns more with larger balances. However, more competitive rates can be found at other banks.The principal savings account is YourStyle Savings, which can be opened with $50. The monthly $5 monthly fee ($4 with eStatements) is waived for students age 18 to 24, seniors 62 and older and U.S. military veterans and active-duty personnel. Otherwise, a $300 balance is required to avoid the monthly fee.
Pros
You earn higher rates on higher balances. The interest kicks in with only a $50 balance. The minimum deposit to open YourStyle Savings is only $50.Cons
You can find higher yields elsewhere. You must have a YourStyle Plus Checking account to open the High-Yield Savings account. You must have at least $5,000 in the High-Yield Savings account to earn the best rate. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Savings Account 3.00 % APY Info Bankrate Savings rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min balance for APY Offer details Offer detailsCapital One
Member FDIC Savings Account Details 3.00 % APY Min balance for APY It only takes about 5 minutes to open a fee-free account. 3.6 Bankrate ScoreInvestors Bank CD overview
At Investors Bank, customers have access to eight CD terms ranging from three months to five years. The standard CD rates aren’t competitive, but from time to time, there are CD specials available that pay a higher yield. There are no specialty products, such as bump-up or no-penalty CDs.Penalties for early withdrawals depend on the length of the CD term. For 12-month CDs, pulling money out before the term ends will cost you 180 days of interest.
Pros
The minimum deposit for standard CDs is only $500. There is a range of terms that allows depositors to build a CD ladder.Cons
You can find CDs with much higher yields at some online banks. There are no specialty products such as bump-up or no-penalty CDs. An 18-month CD isn’t offered. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC CD 4.10 % APY Info Bankrate CD rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. Min. deposit Term Offer details Offer detailsCapital One
Member FDIC CD Details 4.10 % APY Min. deposit Term Get peace of mind with fixed rates and guaranteed returns. 2.2 Bankrate ScoreInvestors Bank money market overview
Investors Bank offers several money market accounts, including its principal YourStyle Money Market account that features tiered rates, which pay more interest on higher balances. But higher yields can be found elsewhere, including at the bank's online-only division, .The opening deposit requirement for the YourStyle MMA is a low $50, and it allows limited check writing. The $11 monthly maintenance fee can be avoided by maintaining a $$2,500 balance.The YourStyle Plus MMA offers the highest yield, but only on balances of $200,000 or more.
Pros
Limited check-writing privileges are included. The opening deposit is only $50.Cons
There is a relatively high balance requirement to avoid a monthly fee. Much higher yields can be found elsewhere. At least $200,000 is needed in the YourStyle Plus MMA to earn the highest yield. 4.2 Bankrate ScoreInvestors Bank checking overview
The YourStyle Checking account is a noninterest-bearing account that can be opened with a $50 deposit. There are several ways to avoid the $10 monthly service fee: Maintaining an average monthly balance of $1,000; direct-deposit at least $500 per statement cycle; or make at least 10 point-of-sale using your Investors Bank Visa debit card per statement cycle. Account holders get four free out-of-network ATM transactions per statement cycle. After that, there is a $3 fee per transaction.Account holders have free access to online and mobile banking, bill pay, e-statements and person-to-person payments using Zelle.
Investors Bank also offers an interest-bearing account, YourStyle Plus Checking, as well as Consumer Checking, its most basic checking account, which has no minimum balance requirement and a $3 monthly fee. It can be opened with a $25 deposit.
Pros
Investors Bank has a choice of checking accounts to meet different needs. The opening deposit requirement for all checking accounts is low. All checking accounts come with access to mobile and online banking, bill pay and e-statements. The checking accounts allow for limited out-of-network ATM transactions without charges.Cons
Physical bank branches are limited to New Jersey, New York and two branches in Pennsylvania. Monthly service fees can be difficult to avoid. You can find other banks that pay a much higher APY than the YourStyle Plus checking account. Compare Offer Advertiser DisclosureAdvertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
How We Make Money
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. Member FDIC Checking Account 2.50 % APY Info Bankrate Checking rating = 5/5 Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services. To open To avoid fees Offer details Offer detailsSoFi
Member FDIC Checking Account Details 2.50 % APY To open To avoid feesBank experience
Investors Bank is a brick-and-mortar bank that doesn’t skimp on its digital banking tools. With an online Investors Bank account, data can be linked from other bank accounts, enabling users to analyze all of their accounts from a single digital hub. Purchases can be made using a smartphone, tablet or smartwatch by connecting an Investors Bank debit card to Apple Pay, Google Pay or Samsung Pay. Its mobile app gets mixed reviews among iOS and Android device users. A bank representative is available by phone 8 a.m. to 8 p.m., Monday through Friday, and 8 a.m. to 6 p.m., Saturday and Sunday. Existing customers with online banking have access to a secure live chat feature.About Investors Bank
Investors Bank was founded in New Jersey in 1926 to make homeownership more affordable to the community. Today, Investors Bank, which is based in Short Hills, New Jersey, operates 154 branches in New York, New Jersey and Pennsylvania. It has over $20 billion in assets. Investors Bank offers certificates of deposit, checking accounts, savings and money market accounts, and mortgages and personal loans.Review methodology
With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. .