Investors eAccess 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 no-penalty CD is a good option for savers looking to earn a decent yield but want to keep their money liquid. The bank allows customers to make penalty-free withdrawals six calendar days after opening the account. Withdrawals made before then are charged seven days’ simple interest.
Both CDs offer a yield that’s above the national average but below what can be found at other online banks offering top-tier rates.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The checking account doesn’t earn a yield, but it comes with a range of features, including Apple Pay, Google Pay and Samsung Pay; credit monitoring; and bill pay. In addition, checking account holders are eligible for up to $15 in ATM rebates each month.
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.
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.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 eAccessInvestors eAccess Review 2022
Matthew Goldberg is a consumer banking reporter at Bankrate. Matthew has been in financial services for more than a decade, in banking and insurance. Updated November 10, 2022 Bankrate logoThe Bankrate promise
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At a glance
3.5 Bankrate Score CDs Checking 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 eAccess is a good fit for savers looking for an online bank that offers a range of deposit products or a short-term, no-penalty CD.Highlights
High APY No Monthly Fees 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 eAccess is the online-only division of Investors Bank, an institution with a more than 90-year history with branches in New Jersey, New York City and Long Island.Pros
Minimum deposits for opening accounts are low. A no-penalty CD is available for savers who value/need liquidity. The bank offers ATM rebates up to $15.Cons
CD rates are not as competitive as other online bank offerings. There is no branch or in-network ATM access for customers, and cash deposits are not permitted. Yields are decent but below top-tier offerings at some other online banks.Investors eAccess bank products
CD Money Market Checking 3.2 Bankrate ScoreInvestors eAccess CD overview
Investors eAccess currently offers only two short-term CDs: a six-month no-penalty CD that allows customers to withdraw savings without paying a penalty or forfeiting any interest in the process, and a traditional 10-month CD. Both CDs can be opened with a $500 deposit and are FDIC-insured.The no-penalty CD is a good option for savers looking to earn a decent yield but want to keep their money liquid. The bank allows customers to make penalty-free withdrawals six calendar days after opening the account. Withdrawals made before then are charged seven days’ simple interest.
Both CDs offer a yield that’s above the national average but below what can be found at other online banks offering top-tier rates.
Pros
The bank offers a no-penalty CD. Both CDs require only a $500 minimum deposit.Cons
Few CD terms are available. Yields aren’t as competitive as other online banks’ offerings. 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. 3.2 Bankrate ScoreInvestors eAccess money market overview
The Investors eAccess money market is an online account and doesn’t provide ATM access. Withdrawals are made using online banking to initiate ACH debit transactions, which are limited to $250,000 per 30-day period. Transactions are also limited to six per statement cycle and checks are unavailable.Pros
No minimum deposit is required to open an account. The account doesn’t charge a monthly service fee. Customers can link up to five external bank accounts.Cons
APYs aren’t as competitive as other online banks’ offerings. ATM withdrawals aren’t available. There’s a $250,000 limit on withdrawals per statement cycle. 4.4 Bankrate ScoreInvestors eAccess checking overview
Investors eAccess’ checking account requires a $50 deposit to open. There’s a $10 monthly service fee, but customers who maintain at least a $1,000 average monthly balance can avoid it with a $500 direct deposit, mobile check deposits of $500 or 10 debit card transactions, during the monthly statement cycle.The checking account doesn’t earn a yield, but it comes with a range of features, including Apple Pay, Google Pay and Samsung Pay; credit monitoring; and bill pay. In addition, checking account holders are eligible for up to $15 in ATM rebates each month.
Pros
The account requires only $50 to open. It offers a range of features including mobile payments. Account holders are eligible for up to $15 in ATM rebates each month.Cons
The account doesn’t pay interest. Account holders who don’t meet certain criteria will be charged a monthly account maintenance fee. Some other online banks don’t charge such fees. 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 eAccess customers don’t have access to branches, but the bank’s online banking portal and mobile app provide customers with the ability to monitor and manage their accounts. Cash deposits aren’t permitted, but checks can be deposited using the bank’s mobile app, and checking account customers are eligible for up to $15 in ATM rebates a month. Customer service hours are 8 a.m. to 8 p.m. Eastern time, Monday-Friday, and 8 a.m. to 6 p.m., Saturday and Sunday. Customers can also submit queries via email.About Investors eAccess
Investors eAccess got its start in early 2019 and offers checking and money market accounts, a six-month no-penalty CD and a 10-month fixed-rate CD. The online bank serves customers nationwide through its website and a smartphone app. Its parent company, , has branches throughout the state as well as New York City and Long Island, though Investors eAccess accounts are not serviced at these locations. Investors Bank, based in Short Hills, New Jersey, was founded in the 1920s as the Washington Rock Building and Loan Association of Millburn and adopted its current name in 2011. Today, it’s one of the largest banks in New Jersey. In July 2021, announced it had agreed to acquire Investors Bank, a deal that is expected to close in the first quarter or 2022. Citizens Bank has an online bank, , that debuted in July 2018.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. .