New York Community Bank Reviews, Rate: CDs, Savings, Money Market, Mortgages
New York Community Bank strives to provide excellent service, convenience, strength and stability. There are 241 branches that are under the New York Community Bank franchise; however, only 4 branches operate directly under the name “New York Community Bank.”
Two of the branches, which are called namesake branches, operate in Westchester County and the two other branches operate in the Bronx. All of these branches are conveniently located in New York. Out of the 4 branches, 3 of them are open for business seven days a week and the last branch is said to be a traditional branch.
With their branch network, New York Community Bank is able to offer fantastic services to their customers. They specialize in personal, business and online banking. New York Community Bank also has investment and insurance services.
Review: New York Community Bank
Checking Accounts: New York Community Bank offers 3 checking accounts, each meeting the various needs of their customers. Most banks offer savings account or special rates to those who are older; however, New York Community Bank specifically designed a My Community 50+ Checking account to address the needs of their older cliental. This account earns interest on balances as low as $1,000.00 and no per-check charges. Another popular account this financial institution offers is the My Community Free Checking account. This allows you to safely secure your money without having to worry about fees.
Savings Accounts: The My Community Savings account is an ideal account for those who are looking for a quick and easy way to save their money. The other saving services New York Community Bank offers is holiday/vacation clubs and kids/students accounts. The savings accounts they do offer are able to fit the varying needs of their customers. My Community Savings account earns interest easily on balances as low as $200.00.
New York Community Bank (NYCB) is able to offer their existing customers and future ones a chance to earn more with their CDs. They offer a full range of terms and competitive rates. The deposits are fully insured by the FDIC and NYCB takes pride in their security measures with your CD account.
For the most up-to-date information on NYCB’s CDs, it is best to contact a service representative or locating a branch.
A variety of saving services are offered by New York Community Bank (NYCB). These include their My Community Savings, Holiday & Vacation Clubs and Kids/Student accounts. All of these accounts are able to meet individual needs and NYCB makes every effort to provide their customers with an array of options.
My Community Savings
This account makes savings a doable process. With a low minimum deposit of $100.00, this account also allows for easy access. A balance that is $200.00 or over earns interest and this account comes with great free amenities such as online banking and ATM card. There are no monthly service charges with this account although optional services such as expedited bill pay will require a fee.
Holiday & Vacation Clubs
The name of the clubs says it all. These accounts are perfect for saving for the holidays or a vacation. The Holiday Club account requires a weekly deposit that is automatically taken out from another NYCB account. This account can be started at any time and in mid-October of each year; NYCB cuts you a check. There is no monthly fee with this club account, regardless of the balance. The Vacation Club account works exactly the same way as the Holiday Club account; however, they mature in mid-April.
These accounts allow kids and students to prepare for their future with a practical way to save. The Kids account is designed for children between the ages 7 and 17. The Student account is more equipped for college students. The two accounts are totally free and they can be opened with $1.00.
Terms & Conditions: Fees may reduce earnings. Accounts subject to certain transaction limitations. There will be a fee if the account is closed within 180 days of its opening.
New York Community Bank (NYCB) offers its prestigious Gold Money Market account. This account allows customers to have easy access to their assets. It has the ability to earn interest on balances over $2,500.00 and comes with free online banking, Visa® check card and NYCB ATM access.
There are no monthly service charges with this account; however, separate fees will be imposed on optional services such as their expedited bill pay. Each customer is given limited check writing privileges with the Gold Money Market account. The required minimum opening deposit is $2,500.00 and there is a fee if the account is closed within 180 days of its opening.
To find out more information about NYCB’s money market account, please visit one of their branches.
Terms & Conditions: Fees may reduce earnings. Account subject to certain transaction limitations.
As one of the largest mortgage lenders in the country, New York Community Bank (NYCB) is able to help you with your home lending needs. They offer low rates and dependability and strive to help you with every step of the process.
On their website, a simple form is needed in order to match you with a mortgage consultant that can help you achieve a great mortgage rate. Loans offered by NYCB are subject to credit approval; however, they are able to work with you if there are credit issues.
It is important to note that NYCB Mortgage Company, LLC is licensed in the following states:
- District of Columbia
- New Jersey
- New Mexico
- North Dakota
- Rhode Island
- West Virginia
When you are ready to begin the mortgage lending process, request an appointment with NYCB.