Savings Account Features Guide
| Interest Rate |
| APY |
4.85% |
| 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
|
|
November 7, 2024 |
4.85%
|
|
September 22, 2024 |
5.00%
|
|
August 31, 2024 |
5.25%
|
|
August 2, 2024 |
5.35%
|
|
July 22, 2024 |
5.45%
|
|
April 8, 2024 |
5.55%
|
|
November 8, 2023 |
5.35%
|
|
November 8, 2023 |
5.00%
|
|
August 20, 2023 |
5.00%
|
Customer Reviews for My Banking Direct, A Division Of New York Community Bank
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