Last Updated: 04/18/2025
New York Community Bank My Community Savings Account
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
N/A
Minimum Opening Deposit
Starting at $100
Minimum Balance to Earn APY
$200
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 are available in 5 states.
Key Takeaways
- $0 monthly account fees available. This account charges a monthly fee of up to $5, but the fee may be waived if you keep a minimum balance of$500.
- $100 minimum opening deposit. This is a typical minimum initial deposit.
- No ATM fees. New York Community Bank My Community Savings Account does not charge fees on ATM transactions .
New York Community Bank My Community savings account Pros & Cons
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New York Community Bank My Community savings account FAQ
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?
The minimum deposit to open a New York Community Bank My Community savings account is $100.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $200 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does New York Community Bank My Community Savings Account 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?
Yes, you can typically set up a direct deposit to this account. 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.
What is the customer support email for New York Community Bank My Community savings account?
The customer support email for New York Community Bank My Community savings account is ContactUs@myNYCB.com.
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