My Banking Direct Money Market
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0.25% APY*
for balances $25,000 and over
0.15% APY*
for balances $5,000 to $24,999.99
0.05% APY*
for balances below $5,000
Easy access online account
- Only $2,500 to open
- No monthly account maintenance fees
- Check writing capabilities1
- NYCB Mobile Deposit2
- (opens in new window)Full Account Details
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
* The Annual Percentage Yield (APY) is accurate as of May 24, 2022 and is subject to change without notice.
The My Banking Direct Money Market Checking is a tiered rate account.
If your daily balance is $25,000.00 or more, the APY and interest rate is 0.25%.
If your daily balance is between $5,000 and $24,999.99, the APY and interest rate is 0.15%.
If your daily balance is below $5,000.00, the APY and interest rate is 0.05%.
We reserve the right to change the rate at any time without notice. Fees could reduce earnings. NYCB reserves the right to cancel or modify this offer at any time without notice.
This account is subject to certain transaction limitations. Please refer to the All About Your Accounts disclosure for details.
1 To order checks for your My Banking Direct Money Market Account, log in NYCB Online, select your account. On the Account Details screen, select "Order Checks" within the More actions linked menu.
2 NYCB Mobile is available for those enrolled in NYCB Online, however not all online features may be available through the mobile app. Standard messaging and data rates may apply.