Banks | New York Community Bank

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 - November 29, 2022

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
Compare with 4.51% APY 60 Month Online CD from M.Y. Safra Bank | Advertiser Disclosure
60 Mo CD
0.15% $100,000 Compare
Compare with 4.51% APY 60 Month Online CD from M.Y. Safra Bank | Advertiser Disclosure
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

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16022
Date Established 1859
Assets $ 63.05 billion
Loans $ 48.32 billion
Deposits $ 41.38 billion
Capital $ 7.31 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 2.91 billion
Interest-bearing balances $ 2.76 billion
Total securities $ 5.68 billion
Federal funds sold and reverse repurchase $ 366.87 million
Net loans and leases $ 48.32 billion
Loan loss allowance $ 216.15 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.67 million
Goodwill and other intangibles $ 2.42 billion
All other assets $ 2.86 billion
     Total Assets $ 55.74 billion

LIABILITIES
Total deposits $ 41.38 billion
      Interest-bearing deposits $ 36.99 billion
      Deposits held in domestic offices $ 41.38 billion
      % insured (estimated) 63.87%
Federal funds purchased and repurchase agreements $ 800.00 million
Trading liabilities N.A.
Other borrowed funds $ 12.85 billion
Subordinated debt N.A.
All other liabilities $ 707.17 millionn
      Total Liabilities $ 55.74 billion
      Shareholders’ Equity $ 7.31 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 902.69 million
Total Interest Expense $ 192.55 million
Net interest income $ 710.13 million
Provision for loan and lease losses $ 7.23 million
Total non interest income $ 33.05 million
Total non interest expense $ 272.23 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

  • 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!

  • 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.

  • Just a tremendously bad bank to avoid at all costs.

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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.

  • 1
    LOCAL CD
    New York Community Bank
    Bank
    NEW YORK
    $50,000
    6 Month
    0.15%
    0.53x (National Avg. - 0.28%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.15%    		 Annual
    Interest    		 Annual 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
  • 2
    LOCAL CD
    Bask Bank, a division of Texas Capital Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    6 Month
    4.00%
    14.23x (National Avg. - 0.28%)
    $0
    -
    SCENARIO
    Year Rate
    4.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689
  • 3
    ONLINE CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    4.00%
    9.39x (National Avg. - 0.43%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.00%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,000 1,400
    2 52,000 2,080 1,456
    3 54,080 2,163 1,514
    4 56,243 2,250 1,575
    5 58,493 2,340 1,638
    6 60,833 2,433 1,703
    7 63,266 2,531 1,771
    8 65,797 2,632 1,842
    9 68,428 2,737 1,916
    10 71,166 2,847 1,993
    11 74,012 2,960 2,072
    12 76,973 3,079 2,155
    13 80,052 3,202 2,241
    14 83,254 3,330 2,331
    15 86,584 3,463 2,424
    16 90,047 3,602 2,521
    17 93,649 3,746 2,622
    18 97,395 3,896 2,727
    19 101,291 4,052 2,836
    20 105,342 4,214 2,950
    TOTAL $59,556 $41,689
  • 4
    LOCAL CD
    Gateway First Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    6 Month
    4.09%
    14.56x (National Avg. - 0.28%)
    $25,000
    -
    SCENARIO
    Year Rate
    4.09%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,045 1,432
    2 52,045 2,129 1,490
    3 54,174 2,216 1,551
    4 56,389 2,306 1,614
    5 58,696 2,401 1,680
    6 61,096 2,499 1,749
    7 63,595 2,601 1,821
    8 66,196 2,707 1,895
    9 68,904 2,818 1,973
    10 71,722 2,933 2,053
    11 74,655 3,053 2,137
    12 77,709 3,178 2,225
    13 80,887 3,308 2,316
    14 84,195 3,444 2,411
    15 87,639 3,584 2,509
    16 91,223 3,731 2,612
    17 94,954 3,884 2,719
    18 98,838 4,042 2,830
    19 102,880 4,208 2,945
    20 107,088 4,380 3,066
    TOTAL $61,468 $43,028
  • 5
    LOCAL CD
    Bask Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    4.10%
    9.62x (National Avg. - 0.43%)
    $0
    -
    SCENARIO
    Year Rate
    4.10%    		 Annual
    Interest    		 Annual 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
  • 6
    ONLINE CD
    Gateway First Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    4.19%
    9.84x (National Avg. - 0.43%)
    $500
    -
    SCENARIO
    Year Rate
    4.19%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,095 1,467
    2 52,095 2,183 1,528
    3 54,278 2,274 1,592
    4 56,552 2,370 1,659
    5 58,922 2,469 1,728
    6 61,390 2,572 1,801
    7 63,963 2,680 1,876
    8 66,643 2,792 1,955
    9 69,435 2,909 2,037
    10 72,344 3,031 2,122
    11 75,376 3,158 2,211
    12 78,534 3,291 2,303
    13 81,824 3,428 2,400
    14 85,253 3,572 2,500
    15 88,825 3,722 2,605
    16 92,547 3,878 2,714
    17 96,424 4,040 2,828
    18 100,465 4,209 2,947
    19 104,674 4,386 3,070
    20 109,060 4,570 3,199
    TOTAL $63,629 $44,541
  • 7
    LOCAL CD
    Gateway First Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    4.29%
    10.07x (National Avg. - 0.43%)
    $25,000
    -
    SCENARIO
    Year Rate
    4.29%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,145 1,502
    2 52,145 2,237 1,566
    3 54,382 2,333 1,633
    4 56,715 2,433 1,703
    5 59,148 2,537 1,776
    6 61,686 2,646 1,852
    7 64,332 2,760 1,932
    8 67,092 2,878 2,015
    9 69,970 3,002 2,101
    10 72,972 3,130 2,191
    11 76,102 3,265 2,285
    12 79,367 3,405 2,383
    13 82,772 3,551 2,486
    14 86,323 3,703 2,592
    15 90,026 3,862 2,703
    16 93,888 4,028 2,819
    17 97,916 4,201 2,940
    18 102,116 4,381 3,067
    19 106,497 4,569 3,198
    20 111,066 4,765 3,335
    TOTAL $65,831 $46,081
  • 8
    LOCAL CD
    North American Savings Bank, F.S.B. , ★ TOP PICK ★
    Bank
    -
    $50,000
    12 Month
    4.29%
    10.07x (National Avg. - 0.43%)
    $5,000
    -
    SCENARIO
    Year Rate
    4.29%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,145 1,502
    2 52,145 2,237 1,566
    3 54,382 2,333 1,633
    4 56,715 2,433 1,703
    5 59,148 2,537 1,776
    6 61,686 2,646 1,852
    7 64,332 2,760 1,932
    8 67,092 2,878 2,015
    9 69,970 3,002 2,101
    10 72,972 3,130 2,191
    11 76,102 3,265 2,285
    12 79,367 3,405 2,383
    13 82,772 3,551 2,486
    14 86,323 3,703 2,592
    15 90,026 3,862 2,703
    16 93,888 4,028 2,819
    17 97,916 4,201 2,940
    18 102,116 4,381 3,067
    19 106,497 4,569 3,198
    20 111,066 4,765 3,335
    TOTAL $65,831 $46,081
  • 9
    LOCAL CD
    M.Y. Safra Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    12 Month
    4.41%
    10.35x (National Avg. - 0.43%)
    $500
    -
    SCENARIO
    Year Rate
    4.41%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,205 1,544
    2 52,205 2,302 1,612
    3 54,507 2,404 1,683
    4 56,911 2,510 1,757
    5 59,421 2,620 1,834
    6 62,041 2,736 1,915
    7 64,777 2,857 2,000
    8 67,634 2,983 2,088
    9 70,617 3,114 2,180
    10 73,731 3,252 2,276
    11 76,982 3,395 2,376
    12 80,377 3,545 2,481
    13 83,922 3,701 2,591
    14 87,623 3,864 2,705
    15 91,487 4,035 2,824
    16 95,522 4,213 2,949
    17 99,734 4,398 3,079
    18 104,132 4,592 3,215
    19 108,725 4,795 3,356
    20 113,519 5,006 3,504
    TOTAL $68,526 $47,968
  • 10
    LOCAL CD
    M.Y. Safra Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    36 Month
    4.48%
    6.95x (National Avg. - 0.65%)
    $500
    -
    SCENARIO
    Year Rate
    4.48%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,240 1,568
    2 52,240 2,340 1,638
    3 54,580 2,445 1,712
    4 57,026 2,555 1,788
    5 59,580 2,669 1,868
    6 62,249 2,789 1,952
    7 65,038 2,914 2,040
    8 67,952 3,044 2,131
    9 70,996 3,181 2,226
    10 74,177 3,323 2,326
    11 77,500 3,472 2,430
    12 80,972 3,628 2,539
    13 84,600 3,790 2,653
    14 88,390 3,960 2,772
    15 92,349 4,137 2,896
    16 96,487 4,323 3,026
    17 100,809 4,516 3,161
    18 105,326 4,719 3,303
    19 110,044 4,930 3,451
    20 114,974 5,151 3,606
    TOTAL $70,125 $49,087
  • 11
    LOCAL CD
    M.Y. Safra Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    60 Month
    4.51%
    5.60x (National Avg. - 0.81%)
    $500
    -
    SCENARIO
    Year Rate
    4.51%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,255 1,579
    2 52,255 2,357 1,650
    3 54,612 2,463 1,724
    4 57,075 2,574 1,802
    5 59,649 2,690 1,883
    6 62,339 2,811 1,968
    7 65,150 2,938 2,057
    8 68,089 3,071 2,150
    9 71,159 3,209 2,247
    10 74,369 3,354 2,348
    11 77,723 3,505 2,454
    12 81,228 3,663 2,564
    13 84,891 3,829 2,680
    14 88,720 4,001 2,801
    15 92,721 4,182 2,927
    16 96,903 4,370 3,059
    17 101,273 4,567 3,197
    18 105,841 4,773 3,341
    19 110,614 4,989 3,492
    20 115,603 5,214 3,650
    TOTAL $70,817 $49,572


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