New York Community Bank
For information concerning My Banking Direct, a division of New York Community Bank online bank, please click here.
New York Community Bank is an FDIC insured institution headquartered at
102 Duffy Ave, Hicksville, NY 11801.
It was founded in
1859 and has approximately $63 billion in
assets. Customers can open an account at one of its 250 branches.
Deposit Rates - March 30, 2023
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
0.05% | $2,500 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
6 Mo CD
|
0.15% | $10,000 | Compare |
|
6 Mo CD
|
0.15% | $100,000 | Compare |
|
Special: 7 Mo CD
|
0.75% | $500 | Compare |
|
12 Mo CD
|
0.15% | $10,000 | Compare |
|
12 Mo CD
|
0.15% | $100,000 | Compare |
|
18 Mo CD
|
0.15% | $10,000 | Compare |
|
18 Mo CD
|
0.15% | $100,000 | Compare |
|
24 Mo CD
|
0.15% | $10,000 | Compare |
|
24 Mo CD
|
0.15% | $100,000 | Compare |
|
30 Mo CD
|
0.15% | $10,000 | Compare |
|
30 Mo CD
|
0.15% | $100,000 | Compare |
|
36 Mo CD
|
0.15% | $10,000 | Compare |
|
36 Mo CD
|
0.15% | $100,000 | Compare |
|
48 Mo CD
|
0.15% | $10,000 | Compare |
|
48 Mo CD
|
0.15% | $100,000 | Compare |
|
60 Mo CD
|
0.15% | $10,000 | Compare |
|
60 Mo CD
|
0.15% | $100,000 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
0.03% | $2,500 | Compare |
|
Money Market
|
0.03% | $10,000 | Compare |
|
Money Market
|
0.05% | $25,000 | Compare |
| INT CHECKING RATES | APY | MIN |
|---|---|---|
|
Int Ckg
|
0.02% | $2,500 |
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Overview 2023
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 16022 |
| Date Established | 1859 |
| Assets | $ 63.05 billion |
| Loans | $ 48.77 billion |
| Deposits | $ 41.81 billion |
| Capital | $ 7.26 billion |
Summary Balance Sheet as of September 30, 2022
| ASSETS | |
| Cash & Balances due from depository institutions | $ 1,049.76 million |
| Interest-bearing balances | $ 908.06 million |
| Total securities | $ 6.70 billion |
| Federal funds sold and reverse repurchase | $ 649.56 million |
| Net loans and leases | $ 48.77 billion |
| Loan loss allowance | $ 218.50 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 1.22 million |
| Goodwill and other intangibles | $ 2.42 billion |
| All other assets | $ 2.86 billion |
| Total Assets | $ 55.65 billion |
| LIABILITIES | |
| Total deposits | $ 41.81 billion |
| Interest-bearing deposits | $ 37.97 billion |
| Deposits held in domestic offices | $ 41.81 billion |
| % insured (estimated) | 64.89% |
| Federal funds purchased and repurchase agreements | $ 300.00 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 12.85 billion |
| Subordinated debt | N.A. |
| All other liabilities | $ 707.17 millionn |
| Total Liabilities | $ 55.65 billion |
| Shareholders’ Equity | $ 7.40 billion |
Summary Income Statement as of September 30, 2022
| INCOME AND EXPENSES | |
| Total Interest Income | $ 1,410.84 million |
| Total Interest Expense | $ 366.11 million |
| Net interest income | $ 1,044.74 million |
| Provision for loan and lease losses | $ 8.78 million |
| Total non interest income | $ 50.70 million |
| Total non interest expense | $ 404.32 million |
| Pre-tax Net Operating Income | $ 463.73 million |
Customer Reviews for New York Community Bank (3)
Rated 1.00 stars out of 5 - based on 3 reviews
Branches
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New York Community Bank Locations
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL CDBankNEW YORK$50,0006 Month0.15%0.52x (National Avg. - 0.29%)$10,000-SCENARIO
Year Rate
0.15%Annual
InterestAnnual Interest
(After Tax)1 50,000 75 53 2 50,075 75 53 3 50,150 75 53 4 50,225 75 53 5 50,301 75 53 6 50,376 76 53 7 50,452 76 53 8 50,527 76 53 9 50,603 76 53 10 50,679 76 53 11 50,755 76 53 12 50,831 76 53 13 50,907 76 53 14 50,984 76 54 15 51,060 77 54 16 51,137 77 54 17 51,214 77 54 18 51,290 77 54 19 51,367 77 54 20 51,444 77 54 TOTAL $1,522 $1,065 - 2LOCAL CDOnline Bank-$50,00060 Month4.10%5.06x (National Avg. - 0.81%)$2,500-SCENARIO
Year Rate
4.10%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,050 1,435 2 52,050 2,134 1,494 3 54,184 2,222 1,555 4 56,406 2,313 1,619 5 58,718 2,407 1,685 6 61,126 2,506 1,754 7 63,632 2,609 1,826 8 66,241 2,716 1,901 9 68,957 2,827 1,979 10 71,784 2,943 2,060 11 74,727 3,064 2,145 12 77,791 3,189 2,233 13 80,980 3,320 2,324 14 84,300 3,456 2,419 15 87,757 3,598 2,519 16 91,355 3,746 2,622 17 95,100 3,899 2,729 18 98,999 4,059 2,841 19 103,058 4,225 2,958 20 107,284 4,399 3,079 TOTAL $61,682 $43,178 - 3LOCAL CDOnline Bank-$50,00024 Month4.30%7.75x (National Avg. - 0.56%)$2,500-SCENARIO
Year Rate
4.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,150 1,505 2 52,150 2,242 1,570 3 54,392 2,339 1,637 4 56,731 2,439 1,708 5 59,171 2,544 1,781 6 61,715 2,654 1,858 7 64,369 2,768 1,938 8 67,137 2,887 2,021 9 70,024 3,011 2,108 10 73,035 3,140 2,198 11 76,175 3,276 2,293 12 79,451 3,416 2,391 13 82,867 3,563 2,494 14 86,430 3,717 2,602 15 90,147 3,876 2,713 16 94,023 4,043 2,830 17 98,066 4,217 2,952 18 102,283 4,398 3,079 19 106,681 4,587 3,211 20 111,268 4,785 3,349 TOTAL $66,053 $46,237 - 4LOCAL CDOnline Bank-$50,00012 Month4.50%10.23x (National Avg. - 0.44%)$2,500-SCENARIO
Year Rate
4.50%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,250 1,575 2 52,250 2,351 1,646 3 54,601 2,457 1,720 4 57,058 2,568 1,797 5 59,626 2,683 1,878 6 62,309 2,804 1,963 7 65,113 2,930 2,051 8 68,043 3,062 2,143 9 71,105 3,200 2,240 10 74,305 3,344 2,341 11 77,648 3,494 2,446 12 81,143 3,651 2,556 13 84,794 3,816 2,671 14 88,610 3,987 2,791 15 92,597 4,167 2,917 16 96,764 4,354 3,048 17 101,119 4,550 3,185 18 105,669 4,755 3,329 19 110,424 4,969 3,478 20 115,393 5,193 3,635 TOTAL $70,586 $49,410
Laura C
July 30, 2022 |
That signature card that they email you and require that you upload a jpeg of your signature. pay close attention to it. It has your account number on it. If you submit the jpeg signature before you write down the number, you will never be able to set up online banking!
jy5
March 21, 2022 |
They charge an account closure fee if you close within 6 months. Something to be avoided in this environment with rates about to go up. They're also really nasty on the phone. Something to be avoided in any environment.
JNH
February 14, 2022 |
Just a tremendously bad bank to avoid at all costs.