Savings Account with 5.55% APY
from My Banking Direct, A Division Of New York Community Bank


Savings Account Features Guide



Interest Rate
APY 5.55%
Minimum deposit amount $1.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $1.00
Minimum Balance to Avoid Fees $1.00
Minimum Required Balance -
Fees
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee N/A
Incoming Wires N/A
Account Opening
Open Online Yes
Insured by F.D.I.C.
Statements
Paper Statements ×
Online Statements Yes
Online and Telephone Banking
Online Banking Yes
Telephone Banking Yes
Mobile Banking ×
Deposit Checks with Mobile Device ×
Free Bill Pay ×
Online Bill Payments Required ×


Account Description

Bank was bailed out by Steven Mnuchin in March 2024 but may still fail. External transfers take at least 3 business days and are limited to $50,000/day and $200,000/month.


Rate History



Date APY
April 8, 2024 5.55%
November 8, 2023 5.35%
November 8, 2023 5.00%
August 20, 2023 5.00%




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