Investors Bank Review

investors bank

2.8 rating

Foundation Year
1926


Office Address
101 Jfk Parkway in Short Hills New Jersey


Phone number
+1-855-422-6548


Locations
USA


Pros

  • Low deposit requirements
  • The bank offers high-yield money market accounts
  • Useful digital banking features

Cons

  • Physical branches are limited to New Jersey and New York
  • Not all banking products are available online
  • Its high-yield savings account requires a client to also get a checking account

Overview

Investors Bank is a regional bank with 150 branch locations in New York and New Jersey. It was founded in 1926 as an organization striving to make homeownership more affordable to the community. The bank is headquartered in Short Hills. It is the 2nd largest bank in New Jersey and the 79th largest bank in the nation.

With more than 90 years of experience, the bank offers personalized, in-person service in its branches but also allows clients to manage their accounts online.

The bank offers to open savings accounts, checking accounts, money market accounts (MMA), and also offers certificates of deposit (CDs).

You do not need a lot of money to open accounts at the bank – usually only $50 is enough. You also have an opportunity to access premium accounts and earn more interest.

Where Can I Find Investors Bank?

The bank’s representative can be reached by calling at 1-855-422-6548 (USA) or 1-973-376-5100 (International).

The bank has147 locations throughout New York and New Jersey.

Does Investors Bank have a mobile app?

Yes. The bank has a mobile app. With its help, you can transfer funds, check balances, find a branch/ATM, view accounts, manage your money, make deposits and much more! Using a mobile app is easy and convenient – anytime, anywhere

What does Investors Bank offer?

Banking
  • Checking
  • Savings & Money Market
  • CD & IRA
  • Online & Mobile Banking
  • Debit Cards
  • International Services
Lending
  • Mortgages
  • Home Equity
  • Personal Loans
  • Insurance Line of Credit
  • Pay Direct
Investments & Planning
  • Investment Services
  • Retirement Planning
  • Insurance Services
  • Wealth Management
  • Purchase Life Insurance
Financial Education
  • Banking
  • Wealth Management

How to open an account with Investors Bank?

You can apply for a deposit account by calling the bank at 1-855 422-6548, or you can visit a local bank’s branch. To open an account, you’ll need enough money to meet the deposit requirement for your account. You will also need to have a driver’s license or another form of state-issued ID. You’ll also need date of birth, home address, your Social Security number, and email address.

How can I save more money with Investors Bank?

The best rates of any account at this bank come with the special CD accounts. If you have $10,000 to invest and you don’t mind keeping it untouched for at least 13 months, then that’s how you can save more money with Investors Bank.

Conclusion

Investors Bank is highly accessible and offers a lot of financial products for people living in New Jersey and New York, so this can be a good choice if you are living in New Jersey and New York. They have lots of branches and ATMs, and they offer the low minimum opening balances for most accounts. If you don’t live in New York or New Jersey, you’d probably better find another bank since you can’t open accounts online. Besides you’d better find another bank if you want to maximize your interest-earning potential.

Reviews

5.0 rating

Always friendly and professional customer service. Love this bank.

Helen Wolfe
2.0 rating

Terrible experience. The Bank’s system is down every night. They don’t offer 24/7 customer service. Terrible bank. Don’t recommend.

Amanda Ezzell
1.0 rating

I’m having an issue and for 11 weeks it has not been resolved. Their customer service just transfers the issue to someone else!

Loretta Lindsey
3.0 rating

I used this bank because my bank’s branch was closed. I withdrew $300. My bank charged me $3. A third party bank charged me $3. Investors charged me $4. All in all that cost me $10 to withdraw $300 during a pandemic. So upset…

Diana Floyd
3.0 rating

You need better customer service. So far an average customer service

Joan Arredondo

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