Your current location is: New York City, NY
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
0.25% | $5,000 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
3 Mo CD
|
5.25% | $1,000 | Compare |
|
6 Mo CD
|
3.70% | $1,000 | Compare |
|
9 Mo CD
|
3.50% | $1,000 | Compare |
|
12 Mo CD
|
3.50% | $1,000 | Compare |
|
15 Mo CD
|
4.75% | $1,000 | Compare |
|
18 Mo CD
|
3.65% | $1,000 | Compare |
|
24 Mo CD
|
2.75% | $25,000 | Compare |
|
36 Mo CD
|
3.25% | $1,000 | Compare |
|
48 Mo CD
|
4.25% | $1,000 | Compare |
|
60 Mo CD
|
1.00% | $25,000 | Compare |
| MONEY MARKET RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
3.24% | $25,000 | Compare |
| INT CHECKING RATES | APY | MIN |
|---|---|---|
|
INTCK
|
0.01% | $1 |
Money that you deposit is held by Flushing Savings Bank, FSB. Flushing Savings Bank, FSB is an FDIC insured institution founded in 1929. It has approximately $4.45 billion in assets.
| FDIC Insured | Yes |
| Insured Parent Bank | Flushing Savings Bank, FSB |
| FDIC Certificate | # 16049 |
| Date Established | 1929 |
| Assets | $4.45 billion |
| Loans | $3.21 billion |
| Deposits | $3.03 billion |
| Capital | $0.45 billion |
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."
Tax Rate: 30%
All calculations are for demonstration purposes only."
| Year | Rate 0.25% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 125 | 88 |
| 2 | 50,125 | 125 | 88 |
| 3 | 50,250 | 126 | 88 |
| 4 | 50,376 | 126 | 88 |
| 5 | 50,502 | 126 | 88 |
| 6 | 50,628 | 127 | 89 |
| 7 | 50,755 | 127 | 89 |
| 8 | 50,882 | 127 | 89 |
| 9 | 51,009 | 128 | 89 |
| 10 | 51,136 | 128 | 89 |
| 11 | 51,264 | 128 | 90 |
| 12 | 51,392 | 128 | 90 |
| 13 | 51,521 | 129 | 90 |
| 14 | 51,650 | 129 | 90 |
| 15 | 51,779 | 129 | 91 |
| 16 | 51,908 | 130 | 91 |
| 17 | 52,038 | 130 | 91 |
| 18 | 52,168 | 130 | 91 |
| 19 | 52,298 | 131 | 92 |
| 20 | 52,429 | 131 | 92 |
| TOTAL | $2,560 | $1,792 |
| Year | Rate 3.75% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 1,875 | 1,313 |
| 2 | 51,875 | 1,945 | 1,362 |
| 3 | 53,820 | 2,018 | 1,413 |
| 4 | 55,839 | 2,094 | 1,466 |
| 5 | 57,933 | 2,172 | 1,521 |
| 6 | 60,105 | 2,254 | 1,578 |
| 7 | 62,359 | 2,338 | 1,637 |
| 8 | 64,697 | 2,426 | 1,698 |
| 9 | 67,124 | 2,517 | 1,762 |
| 10 | 69,641 | 2,612 | 1,828 |
| 11 | 72,252 | 2,709 | 1,897 |
| 12 | 74,962 | 2,811 | 1,968 |
| 13 | 77,773 | 2,916 | 2,042 |
| 14 | 80,689 | 3,026 | 2,118 |
| 15 | 83,715 | 3,139 | 2,198 |
| 16 | 86,854 | 3,257 | 2,280 |
| 17 | 90,111 | 3,379 | 2,365 |
| 18 | 93,491 | 3,506 | 2,454 |
| 19 | 96,996 | 3,637 | 2,546 |
| 20 | 100,634 | 3,774 | 2,642 |
| TOTAL | $54,408 | $38,085 |
jennypgo
June 22, 2022 |
I've been around this one for a while in all of its forms - including igo, bankpurely, giftsforbanking, etc. They are creative with the market and the customer service is responsive. It just requires too much attention to be sure you are getting the best rate among the different brands, and then too much time to open another account. Same thing goes for NY Community Bank (much worse customer service) and Emigrant (faster transfers and no transfer limits). The transfer limits on this one are also routinely waived after 24 hours if you just send a note to customer service through the website, but it is just a drag and I hate feeling like a Kindergartener asking to go to the bathroom. In short, this one will work for a lot of people as we re-enter a rate competitive environment, but I will be looking for more straightorward service from other names.
Review on the Parent Bank