Posted by: admin in Bank Rates on October 24th, 2009

New Jersey consumers can take advantage of the best reward checking account being offered by Investors Savings Bank

They are giving away $200 for opening a checking account with them and setting up a direct deposit with it.

The money in the bank deal requires a direct deposit amounting to $300 which will come from an entire paycheck or should come from your pension check or social security. The $200 bonus will be paid in $50 installments every quarter after account opening.

Account holders who decide to close their checking account within a year, will have to shoulder a termination fee of $50. All bonuses will also be forfeited by the bank.

This special checking account promo is not posted on the bank’s website but one of our readers gave us the information. She was able to get this through a mailer from the bank.

This $200 checking account bonus will only run until October 31 and are only offered in Investor Savings Bank’s branches in Bloomfield, Verona, Nutley, Cedar Grove, and Clifton.

There is also a $100 checking account bonus for those who are not covered by the branches we mentioned above. The mechanics are pretty much the same as the $200 promo requiring $300 of direct deposit. The bonus is paid on $25 increments every quarter. A termination fee of $25 will be imposed for anyone who closes the account within 12 months plus all of the credited bonus will be forfeited.

Investors Savings Bank has branches spread across the state of New Jersey including cities like Washington, Union, Springfield, Somerset, Jackson, Denville, Long Branch, Piscataway, and Irvington.

The bank has some strong performance ratings getting 4 stars from both BauerFinancial and Bankrate.com for its soundness and safety.

It is covered by the FDIC through certificate number 28892.

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