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.

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.

What APY does New York Community Bank offer?

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

What features and perks does New York Community Bank My Community Savings Account offer?

This 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 Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your 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 maintenance fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fee if you have a minimum daily balance of $100.