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Deposit Account Rates

Effective Annual Percentage Yields (APY) listed are as of  3/1/2018.

All interest rates are subject to change without notice. 

 

Checking Accounts- Personal

Account Title

Annual
Percentage
Yield ("APY")

Interest
Rate
Minimum Balance
to Obtain APY
Minimum Balance
to Open
Minimum Average Balance
to Avoid Monthly Service Fee
Monthly Service Fee
Fees May Reduce Earnings
"TGIF" Checking N/A N/A N/A $1.00 N/A N/A
Nifty Fifty Checking 0.20% 0.20% $1,000.00 $1.00 N/A N/A
Fifty Plus Checking N/A N/A N/A $1.00 N/A N/A
Loyalty Checking [1] 0.80% 0.80% $0.01 $1,000.00 $10,000.00 $20.00
0.40% 0.40% $100,000.00

Loyalty eStatement Checking [1]
(must have E-Statements to qualify)

0.80% 0.80% $0.01 $1,000.00 $10,000.00 $20.00
0.50% 0.50% $100,000.00
Choice Plus Checking 0.20% 0.20% $1,000.00 $100.00 $500.00 $6.00
Optimum Gold  0.10% 0.10% $1,000.00 $100.00 $10,000.00 $20.00 
   0.15% 0.15%  $5,000.00      
   0.20% 0.20% $10,000.00      
   0.30% 0.30% $25,000.00      

Optimum Gold E-Checking
(must have E-Statements to qualify)

 0.20% 0.20% $1,000.00   $100.00  $10,000.00  $20.00
 0.20% 0.20% $5,000.00      
   0.30% 0.30% $10,000.00      
   0.40% 0.40% $25,000.00      
 NJ Consumer Checking  N/A  N/A  N/A  $50.00  N/A N/A 

 Checking Accounts- Business

Account Title

Annual
Percentage
Yield ("APY")

Interest
Rate
Minimum Balance
to Obtain APY
Minimum Balance
to Open
Minimum Average Balance
to Avoid Monthly Service Fee
Monthly Service Fee
Fees May Reduce Earnings
TCB Checking N/A N/A N/A $100.00 N/A N/A
Non Profit TCB Checking N/A N/A N/A $100.00 N/A N/A
IOLTA Checking 0.05% 0.05% $0.01 $100.00 N/A N/A
0.54% 0.54% $100,000.00
Elite Business Checking 0.10% 0.10% $0.01 $100.00 $1,000.00 $10.00
0.15% 0.15% $100,000.00

 Savings- Personal & Business [5]

Account Title

Annual
Percentage
Yield ("APY")

Interest
Rate
Minimum Balance
to Obtain APY
Minimum Balance
to Open
Minimum Average Balance
to Avoid Monthly Service Fee
Monthly Service Fee
Fees May Reduce Earnings
Super Saver Plus 0.15% 0.15% $250.00 $1.00 N/A N/A
0.20% 0.20% $5,000.00
0.25% 0.25% $10,000.00
0.25% 0.25% $25,000.00
Passbook Savings 0.25% 0.25% $100.00 $1.00 N/A N/A
Statement Savings 0.20% 0.20% $250.00 $1.00 N/A N/A
Super Passbook 0.25% 0.25% $250.00 $1.00 N/A N/A
IRA Savings 0.25% 0.25% $250.00 $1.00 N/A N/A

Money Market Accounts (MMA) [5]

Account Title

Annual
Percentage
Yield ("APY")

Interest
Rate
Minimum Balance
to Obtain APY
Minimum Balance
to Open
Minimum Average Balance
to Avoid Monthly Service Fee
Monthly Service Fee
Fees May Reduce Earnings

Money Market  Personal only

0.20 0.20 $1,000.00 $100.00 $1,000.00 $10.00
0.20 0.20 $5,000.00
0.30 0.30 $10,000.00
0.45% 0.45% $25,000.00
Diamond Money Market [2]
Personal Only
1.05% 1.05%  $0.01  $100.00 $1,000.00 $10.00
0.45% 0.45% $250,000.00
Elite Money Market
Personal Only
0.45% 0.45% $0.01 $100.00 $1,000.00 $10.00
0.20% 0.20% $250,000.00
Premier Money Market [3] Personal Only
1.25% 1.25% $0.01 $10,000.00 $10,000.00 $10.00
0.45% 0.45% $250,000.00
Business Money Market Investment Account 0.10% 0.10% $1,000.00 $100.00 $1,000.00 $10.00
0.15% 0.15% $5,000.00

0.45% 0.45% $25,000.00
0.45% 0.45% $50,000.00
0.45% 0.45% $75,000.00
0.54% 0.54% $100,000.00

 Standard Certificates of Deposit (CDs) [4]
Individual Retirement Account (IRA) Standard CDs [4]

Account Title 

Annual
Percentage
Yield ("APY")
 

Interest
Rate
 
Minimum Balance
to Obtain APY
 
Minimum Balance
to Open
 
Minimum Average Balance
to Avoid Monthly Service Fee
 
Monthly Service Fee
Fees May Reduce Earnings 
 3 Month CD/IRA CD  0.25%  0.25% $0.01 $1,000.00   N/A  N/A
6 Month CD/IRA CD  0.35%  0.35% $0.01 $1,000.00   N/A  N/A
12 Month CD/IRA CD  0.50%  0.50% $0.01 $1,000.00   N/A  N/A
18 Month CD/IRA CD  0.65%  0.65% $0.01 $1,000.00   N/A  N/A
24 Month CD/IRA CD  1.00%  1.00% $0.01  $1,000.00   N/A  N/A
30 Month CD/IRA CD  0.90%  0.90% $0.01  $1,000.00   N/A  N/A
36 Month CD/IRA CD  1.25%  1.24% $0.01  $1,000.00   N/A  N/A
48 Month CD/IRA CD  1.50%  1.49% $0.01  $1,000.00   N/A  N/A
60 Month CD/IRA CD  1.75%  1.74% $0.01  $1,000.00   N/A  N/A
 Early Withdrawal Penalties apply and may result in loss of principal [4]

 Promo Certificates of Deposit (CDs) [4]
Loyalty Certificates of Deposit (CDs) [4]
 Individual Retirement Account (IRA) Promo and Loyalty CDs
[4]

Account Title

Annual
Percentage
Yield ("APY")

Interest
Rate
Minimum Balance
to Obtain APY
Minimum Balance
to Open
Minimum Average Balance
to AvoidMonthly Service Fee
Monthly Service Fee
Fees May Reduce Earnings
6 Month Promo CD/IRA CD 1.25% 1.24% $0.01 $1,000.00 N/A N/A
6 Month Loyalty CD/IRA CD[6] 1.50% 1.49% $0.01 $1,000.00 N/A N/A
12 Month Promo CD/IRA CD 1.75% 1.74% $0.01 $1,000.00 N/A N/A
12 Month Loyalty CD/IRA CD[6] 2.00% 1.98% $0.01 $1,000.00 N/A N/A
24 Month Promo CD/IRA CD 2.00% 1.98% $0.01 $1,000.00 N/A N/A
24 Month Loyalty CD/IRA CD[6] 2.25% 2.23% $0.01 $1,000.00 N/A N/A
60 Month Promo CD/IRA CD[6] 1.75% 1.74% $0.01 $1,000.00 N/A N/A
60 Month Loyalty CD/IRA CD[6] 2.00% 1.98%  $0.01  $1,000.00 N/A  N/A 
 Early Withdrawal Penalties apply and may result in loss of principal [4]

 

[1] Loyalty and Loyalty E-Statement Checking require either a recurring monthly direct deposit to or one (1) online bill payment monthly from a new or existing Oritani checking account or this account.
[2] Diamond Money Market requires either a recurring monthly direct deposit to or (3) monthly online bill payments from this account or an existing Oritani checking account or this account within the first sixty (60) days of account opening. If these requirements are not met within the first sixty (60) days of account opening, this account will convert to the Money Market account (Type 81) at the corresponding Annual Percentage Yield (APY ) and the applicable rates in effect for this account type.
[3] Premier Money Market requires the minimum opening balance of $10,000.00 to be new money (not currently on deposit with Oritani Bank). In addition, you must have an existing or new Oritani Bank checking account with at least one (1) recurring monthly direct deposit to an Oritani checking account or this account within the first sixty (60) days of account opening. If you do not receive at least one (1) recurring direct deposit monthly, this account will convert to the Money Market account (Type 81) at the corresponding Annual Percentage Yield (APY) and at applicable rates in effect for this account type.
[4] Penalties, including forfeiture of interest and/or principal, will be imposed for the amount of principal withdrawn prior to maturity, as follows:
3 -5 month CD/IRA* CD - 1 month simple interest
6-11 month CD/IRA* CD - 3 months simple interest
12 - 60 month CD/IRA* CD - 6 months simple interest
*Amounts withdrawn from IRA accounts will be reported to the Internal Revenue Service as distribution and may be subject to taxation. Also, for IRA accounts, the Internal Revenue Service imposes a 10% penalty for amounts withdrawn prior to the account owner reaching age 59-1/2. Certain exceptions apply and other tax consequences may also apply. Please consult with your own legal or tax advisor.
[5] Savings and Money Market Accounts have transaction limitations: You may not make more than six transfers to another account or to third parties by preauthorized withdrawals (including checks), automatic computer, or telephone per statement cycle. If, in the course of a statement month, you exceed the number of allowable transactions, you will be charged a $10.00 fee for each item over the allowable limit. Fees may reduce earnings. If you exceed the number of allowable transactions, we may close the account or require you to transfer to an appropriate account type.

[6] Loyalty CD/Loyalty IRA CD's - To qualify for the Annual Percentage Yield (APY) you must have a new or existing Oritani Bank checking account with at least one (1) recurring monthly direct deposit or one (1) monthly online bill payment.

N/A= Not Applicable

All rates are subject to change without notice.
Please contact your local Oritani Bank branch for additional information.

 

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