CHECKING
Everybody seems to use his or her checking account a little differently. At Kearny Federal Savings Bank, we’ve designed our checking accounts to provide more flexibility and more features, so you can use your checking account exactly the way you want. Plus, every account comes with the kind of personal service you expect from Kearny Federal Savings.
 

ACCOUNT TYPE CURRENT RATE MINIMUM DEPOSIT TO OPEN ACCOUNT Minimum Balance to obtain Annual Percentage Yield
E-Z Checking Account
(NJ Consumer Checking)		 N/A $50.00  N/A
NOW Checking Account $100.00 $100.00 
Star Checking Account $500.00 plus direct deposit Combined balance of $20,000+ (seniors 55 and over must have $10,000+) in Star Checking Account and any savings account 
Kearny Federal Debit MasterCard is available on all checking accounts.

E-Z Checking (NJ Consumer Checking)
There's no minimum balance requirement and no monthly maintenance fees. It's the perfect account to use with Internet Banking.

N.O.W. Checking Account
The account that pays interest with the convenience of unlimited check writing. There are no monthly maintenance fees when you maintain a $100 minimum balance. Put your money to work in an interest bearing N.O.W. Checking Account.

Star Checking Account
This interest-bearing N.O.W. checking account is perfect for those with additional funds on hand. With direct deposit and a combined balance of $20,000+ (seniors 55 and over must have $10,000+) in your Star Checking primary account and any savings account (Passbook/Statement Savings, CD, Money Market, IRA), you can receive a variety of benefits and features. Click Here for additional information.

Overdraft Protection
• Automatic Transfer: Anyone can make a mistake. With Kearny Federal Savings automatic transfer program you’ll avoid the embarrassment of bounced checks and associated overdraft fees. Link a KFS savings account to your checking account and funds are automatically withdrawn from your savings account in the event you are overdrawn. This service is free unless a transfer occurs.
• Line of Credit: You can also protect yourself from insufficient fund fees by applying for a line of credit and linking it to your checking account. If your checking account is ever overdrawn, the line of credit will automatically kick in to cover any checks. This convenient feature costs nothing until it’s used.

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Savings/Money Market Accounts
Since 1884, Kearny Federal Savings Bank has taken a personal approach to helping generations of neighbors and friends reach their savings goals. Today, we offer a variety of choices so you can select a savings program that matches your individual needs.
 

ACCOUNT TYPE CURRENT RATE MINIMUM DEPOSIT TO OPEN ACCOUNT Minimum Balance to obtain Annual Percentage Yield
Regular Savings Account (Passbook or Statement) $100.00  $100.00 
KFS Kid's Club Account $10.00  $1.00 
Money Market Account  $2,500.00  $2,500.00
Tiered Money Market Account $2,500.00  $2,500.00
Holiday Club $5.00 $5.00
Kearny Federal Debit MasterCard is available on Statement Savings Accounts.


Savings Account (Passbook or Statement)
• Passbook: Perfect for those who don't require a monthly statement. Your passbook is updated each time you visit any of our conveniently located branches. Earn interest daily on entire balance.
• Statement: Savings with flexibility! Make deposits and withdrawals at any Kearny Federal Savings Branch or ATM. All activity is summarized in an easy-to-read monthly statement. Earn interest daily on entire balance.

KFS Kid’s Club Account
Our KFS Kid’s Club Account is a great way to teach children the importance of savings. This custodial passbook account has a low initial deposit of $10. We’ll help your child’s money grow even faster by matching the initial deposit, up to $10!

Money Market Account
Choose a Passbook or Statement Savings Money Market Account. Maintain a low $2,500 minimum balance and earn interest daily at prevailing money market rates.

Tiered Money Market Account
This statement account allows you to earn higher interest on balances over $2,500. Enjoy unlimited in-person transfers, plus 6 off-site transfers per month, including 3 third party checks. The more you save, the more you can earn with Kearny Federal Savings Tiered Money Market Account.

Holiday Club Account
Plan ahead for those seasonal expenses by opening a Holiday Club Account. Make small payments throughout the year and receive interest on balances over $5.00.

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CERTIFICATES OF DEPOSIT
Kearny Federal Savings offers a wide variety of Certificates of Deposit (CDs) in various terms offering higher yields than other savings instruments, along with the safety and security of FDIC insurance. Open a 17 or 29-Month CD and have the opportunity to “step-up” to a higher rate once during the term.
 

ACCOUNT TYPE CURRENT RATE MINIMUM DEPOSIT TO OPEN ACCOUNT MINIMUM BALANCE TO OBTAIN ANNUAL PERCENTAGE YIELD
30 Day $25,000  $25,000 
91 Day  $1,000 $1,000
4 Month  $1,000 $1,000
6 Month $1,000 $1,000
1 Year $500 $500
17 Month Step-Up $1,000 $1,000
2 Year $500 $500
29 Month Step-Up $1,000 $1,000
3 Year  $500 $500
5 Year $500 $500
*Note: If any of the deposit is withdrawn before the maturity date, a penalty will be imposed which could result in the loss of principal.

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RETIREMENT ACCOUNTS
Planning for your retirement is a key factor in ensuring a comfortable, secure future. Kearny Federal offers a variety of excellent savings tools designed to provide additional retirement income while offering tax benefits. We’ll help you reach all your future goals.
 

ACCOUNT TYPE CURRENT
RATE		 MINIMUM
DEPOSIT		 MINIMUM BALANCE TO OBTAIN ANNUAL PERCENTAGE YIELD
Variable Rate Statement Savings $25 $25
1 Year Variable rate  $100 $100
1 Year Fixed Rate $500 $500
2 Year Fixed Rate $500 $500
3 Year Fixed Rate $500 $500
5 Year Fixed Rate $500 $500
*Note: If any of the deposit is withdrawn before the maturity date, a penalty will be imposed which could result in the loss of principal.

Traditional Individual Retirement Account (IRA)
A Traditional IRA allows you to take advantage of federal income tax deferred earnings and possible yearly tax deductions. This type of IRA may help you pay less in taxes now, using pre-tax dollars to build principal for more earnings later.

Roth Individual Retirement Account (IRA)
While Roth IRA contributions are not tax deductible, earnings are free from federal tax if certain conditions are met. The Roth IRA also has a lot of flexibility to help you meet your retirement goals. You can continue to save for retirement past age 70½, there are no mandatory distribution requirements, and you may be eligible to access your contributions without any IRS penalties.

Coverdell Education Savings Account (ESA)
Parents, grandparents or friends may want to look into this account. Annual non-deductible contributions of up to $2,000 a year per child may be made to this type of IRA. The earnings on your contributions are federal tax-free as long as they are used to pay for a child's qualified education expenses.

Simplified Employee Pension Plan (SEP) &
Savings Incentive Match Plan for Employees IRA (SIMPLE)
See business banking page for complete details.

Each retirement account has its own unique tax benefits and savings opportunities. You should consult with your personal tax advisor for more detailed tax information regarding these various IRA options.

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OTHER PERSONAL SERVICES

  • ATM Card: Use your ATM card at any of our convenient locations or at any Star, Plus, Cirrus, Pulse or NYCE machine operated by other institutions. This card allows you to have access to your accounts after hours. At Kearny Federal Savings ATMs you can obtain inquiries, make deposits or withdrawals, and transfer money to your linked accounts.
     
  • Kearny Federal Debit MasterCard: Use your Kearny Federal Debit MasterCard to make everyday purchases wherever you see the MasterCard® logo – millions of locations across the globe. When you use your Debit MasterCard to make purchases, your payment is deducted directly from your Kearny Federal checking account. It's like paying by check without waiting for check approval. Your Debit MasterCard can also perform all the functions of an ATM card, use it at any ATM location to get cash, check balances or make transfers.

  • FASTbanking: We offer our customers with touch tone telephones the ability to conduct real-time business 24 hours a day, 7 days a week. You can obtain information about your checking, savings or loan accounts. You have access to your account balances, specific account information such as checks cleared, maturity dates, interest rates, a fax of your last statement, tax information, verification of deposits and withdrawals, transfers between your checking and statement savings account and a choice of language options. To be connected to our automated banking system the phone number is (201) 447-3600 with the access code 532 followed by the # key.
     
  • FREE Internet Banking with Bill Pay: Convenient banking through your computer! Access account balances, transfer funds between accounts, check interest rates, plus pay bills electronically - free!
     
  • Safe Deposit Boxes: Available in a variety of sizes, these strong boxes accessible in most Branch locations can be used to store important personal, business and financial papers and documents as well as other valuable items.
     
  • Wire Transfers: You can have money wired in or out of your account to or from anywhere in the United States.
     
  • Gift Products: We have $25, $50 and $100 American Express Gold Gift Cheques available.
     
  • Travel Products: We sell American Express Travelers Cheques. Perfect and convenient when traveling!
     
  • Savings Bond Sales/Redemption: Purchase a government EE Bond or an I Bond by filling out an application at any of our offices. We also redeem or price the value of your current bonds.
     
  • Medallion Signature Guarantees/Notary Public Services: There are qualified personnel in each of our offices to guarantee or notarize your documents. Signature guarantees are mostly used in the transfer of securities. The maximum value of any security upon which we can guarantee a signature is $250,000.
     
  • Car Loans: We offer a variety of rates and terms based on the year of your vehicle. Our flexible loan terms make it easy for you to finance a new or used automobile though Kearny Federal.
     
  • Passbook Loans: Borrow up to 90% of the balance in your account. The rate of interest will be 2.00% above the current rate your passbook savings or CD is earning. A minimum of "interest only" payment is required monthly.
     
  • Insurance Products: We offer term life insurance products through our wholly owned subsidiary KFS Financial Services, Inc. Quotes and applications can be performed over the phone. Contact a licensed representative toll free at 1-800-273-3406.

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