New York Community Bank Money Market

New York Community Bank Money Market Review

New York Community Bank Money Market is offered by New York Community Bank, founded in 1859 and based in Westbury, NY. New York Community Bank Money Market are available in 5 states across the USA.

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 1%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $2500.
• Charges a monthly fee. This account charges a monthly service fee of up to $15, but the fee is waived if you keep a minimum balance of $2,500.
• High minumum deposit. You must deposit a minimum of $2,500, which is high compared to most money market accounts.

Pros & Cons of New York Community Bank Money Market

New York Community Bank Money Market FAQ

Are money market accounts from New York Community Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for New York Community Bank money market rates?

New York Community Bank money market offers an APY starting at 0.01% and ranging up to 1% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.

What are the fees for New York Community Bank Money Market?

What is the minimum balance for New York Community Bank money market?

Minimum deposit of $2,500. You must make an initial deposit of at least $2,500 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $2,500.

Interest rate minimum balance of $2,500. You must keep the account balance above $2,500 to earn interest.

What features and perks does New York Community Bank money market offer?

This account includes the following features:

• Check Writing - New York Community Bank money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
• Fraud monitoring - New York Community Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - New York Community Bank money market allows you to manage your money through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.

What is the customer service phone number?

The customer service number for this business card is (877) 786-6560.

What is the support contact email?

The support contact email for this business credit card is ContactUs@myNYCB.com.

How to open an account with New York Community Bank

• Visit the New York Community Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.