High Yield Savings Account
Open an account at anytime and from anywhere that is convenient for you. It’s simple, secure and takes just minutes!
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Account Details
- $500.00 to open
- NO monthly or maintenance fees.
- Interest earned on daily balances of $1 or more.
- Interest is credited monthly.
- (opens in new window)Full Account Details
Access Your Account
- NYCB Online
- NYCB Mobile with mobile deposit
- View e-Statements and e-Documents
- Save more by setting up reoccurring deposits
High Yield Saving Tiers
Enjoy the same great rate on deposits over $1!
Daily Balance
$1.00 — $9,999.99
1.00% APY2
Daily Balance
$10,000.00 — $49,999.99
1.00% APY2
Daily Balance
$50,000 and above
1.00% APY2
Information needed to open your account
Before you begin, be sure to have the following information available to complete your account application.
- Personal Information
- Social Security Number or Tax Identification Number
- Valid U.S. Address
- Form of identification
Why My Banking Direct?
My Banking Direct is a service of New York Community Bank (NYCB) and when looking for an experienced bank to start a relationship with, there is no need to look any further than NYCB. We have a history of strength and stability dating back to 1859 and we’re ranked the number one bank in the country for best overall customer service by American Banker.4 With total assets of $59.5 billion and a $7 billion capital base, NYCB is one of the largest banks in the U.S., without the risk other banks have. Our size and scale allow us to provide a wide range of digital and traditional products and services to consumers, small to mid-size businesses, and commercial clients, while adhering to strict regulatory requirements. NYCB has the background, knowledge, and innovative approach to meet all of your needs.
1 As of May 2022, based on the national average of 0.06% disclosed on FDIC.gov compared to a 1.00% NYCB rate.
2 The Annual Percentage Yield (APY) is accurate as of May 24, 2022 and is subject to change without notice. The My Banking Direct High Yield Savings is a tiered rate account. If your daily balance is $50,000.00 or more, the APY and interest rate is 1.00%. If your daily balance is between $10,000.00 and $49,999.99, the APY and interest rate is 1.00%. If your daily balance is below $10,000.00, the APY and interest rate is 1.00%. We reserve the right to change the rate at any time without notice. Fees could reduce earnings.
3 The Annual Percentage Yield (APY) is accurate as of May 24, 2022 and is subject to change without notice.
4 According to an American Banker/Monigle joint 2021 survey of consumers regarding what drives customer satisfaction and advocacy in banking.
My Banking Direct, a service of New York Community Bank reserves the right to cancel or modify this offer at any time without notice.