New York Community Bank My Community Savings Account Review

New York Community Bank My Community Savings Account is offered by New York Community Bank, founded in 1859 and based in Westbury, NY. New York Community Bank My Community Savings Account is available in 5 states across the USA.

• $0 monthly Service Charge available. This account charges a monthly service fee of up to $5, but the fee is waived if you keep a minimum balance of $500.
• $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
• No ATM fees. New York Community Bank My Community Savings Account does not charge fees on ATM transactions.
• Bill pay. Pay your bills to practically anyone in the United States through New York Community Bank.

Are savings accounts from New York Community Bank federally insured?

Yes, your New York Community Bank savings accounts 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.

Does New York Community Bank offer a signup bonus?

New York Community Bank My Community savings account doesn't offer a signup bonus.

What is the minimum initial deposit for New York Community Bank My Community savings account?

What APY does New York Community Bank offer?

New York Community Bank My Community savings account is not an interest-bearing account.

What fees does New York Community Bank My Community savings account charge?

New York Community Bank My Community savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $500.

What features and perks does New York Community Bank My Community savings account offer?

This savings account includes the following features:

• Fraud monitoring - New York Community Bank My Community savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
• Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - New York Community Bank My Community savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to New York Community Bank My Community savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.