Online Banks | My Banking Direct, a division of New York Community Bank
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My Banking Direct, a division of New York Community Bank

For information concerning New York Community Bank parent bank, please click here .

Phone: 877 786 6560

ACH Number: 226071004

Online Rates - February 17, 2026

Your current location is: New York City, NY

SAVINGS RATES APY MIN
Savings
4.02% $1 Compare
CD RATES APY MIN
6 Mo CD
3.80% $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.

Overview 2026

General Information of the Parent Bank

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


Customer Reviews for My Banking Direct, a division of 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!

    Review on the Parent Bank

  • 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 Bank

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

    Review on the Parent Bank
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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
    ONLINE SAVINGS
    My Banking Direct, a division of New York Community Bank
    Online Bank
    -
    $50,000
    N.A.
    4.02%
    17.87x (National Avg. - 0.23%)
    $1
    -
    SCENARIO
    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
  • 2
    ONLINE SAVINGS
    First Foundation Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    N.A.
    3.75%
    16.67x (National Avg. - 0.23%)
    $1,000
    -
    SCENARIO
    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


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