Your current location is: New York City, NY
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
4.02% | $1 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
6 Mo CD
|
3.90% | $2,500 | Compare |
Money that you deposit is held by New York Community Bank. New York Community Bank is an FDIC insured institution founded in 1859. It has approximately $62.91 billion in assets.
| FDIC Insured | Yes |
| Insured Parent Bank | New York Community Bank |
| FDIC Certificate | # 16022 |
| Date Established | 1859 |
| Assets | $63.05 billion |
| Loans | $48.77 billion |
| Deposits | $41.81 billion |
| Capital | $7.26 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 4.02% |
Annual Interest |
Annual Interest (After Tax) |
| 1 | 50,000 | 2,010 | 1,407 |
| 2 | 52,010 | 2,091 | 1,464 |
| 3 | 54,101 | 2,175 | 1,522 |
| 4 | 56,276 | 2,262 | 1,584 |
| 5 | 58,538 | 2,353 | 1,647 |
| 6 | 60,891 | 2,448 | 1,713 |
| 7 | 63,339 | 2,546 | 1,782 |
| 8 | 65,885 | 2,649 | 1,854 |
| 9 | 68,534 | 2,755 | 1,929 |
| 10 | 71,289 | 2,866 | 2,006 |
| 11 | 74,155 | 2,981 | 2,087 |
| 12 | 77,136 | 3,101 | 2,171 |
| 13 | 80,237 | 3,226 | 2,258 |
| 14 | 83,462 | 3,355 | 2,349 |
| 15 | 86,817 | 3,490 | 2,443 |
| 16 | 90,307 | 3,630 | 2,541 |
| 17 | 93,938 | 3,776 | 2,643 |
| 18 | 97,714 | 3,928 | 2,750 |
| 19 | 101,642 | 4,086 | 2,860 |
| 20 | 105,728 | 4,250 | 2,975 |
| TOTAL | $59,978 | $41,985 |
| 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 |
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!
Review on the Parent Bankjy5
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.
Review on the Parent BankJNH
February 14, 2022 |
Just a tremendously bad bank to avoid at all costs.
Review on the Parent Bank