Savings Account Rates

Product Minimum to Open Interest Rate APY*
Passbook and Statement Savings $100 0.30% 0.30%
Smart Move Online Savings Account**  $.01 0.98% 1.00%
School Passbook Account $.01 1.08% 1.10%
Kids Club $.01 1.08% 1.10%
Vacation and Holiday Club Account $10 0.30% 0.30%

Rates are effective as of 7/27/2020

OPEN AN ACCOUNT LEARN MORE

VISIT YOUR NEAREST BRANCH TO GET STARTED ASK A QUESTION

 

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WHAT NEW CUSTOMERS WILL NEED TO OPEN AN ACCOUNT:

  1. You must be 18 years of age or older
  2. Your Social Security Number/Individual Taxpayer Identification Number
  3. Government Issued Identification (Driver's License, State ID, Military ID, or Passport)
  4. Joint account owners must enter and validate their personal information
  5. Your account and routing number, if funding by electronic transfer from another bank

Each new customer must appear personally and provide identification.

Identification acceptable for opening an account include: Two items from Group A or one item from Group A and one item from Group B. All documents must be current and valid.

Group A:

  1. Valid U.S. Passport
  2. Valid U.S. Passport Card
  3. Foreign Passport, if it includes a valid U.S. Visa
  4. U.S. Citizenship papers
  5. New York State Driver or Chauffeur License, bearing official state validation and photo
  6. New York State non-Driver license
  7. Out of State Driver or Chauffeur License, bearing official state validation and photo, where a sample is included in the U.S. Identification Manual
  8. New York State Identification Card, bearing official state validation and photo
  9. Out of State Identification Card, bearing official state validation and photo, where a sample is included in the U.S. Identification Manual
  10. Armed Forces ID Card
  11. New York State Benefit Card – with photo
  12. Learners permit, bearing official state validation and photo,
  13. Permanent Resident Card
  14. VISA

Group B:

  1. Employee's Photo ID Card – Local/Nationally recognized companies only
  2. Major Credit Card (i.e.: Visa, Mastercard, American Express, or Discover Card)
  3. New York State Automobile Registration bearing official state validation
  4. School ID
  5. New York State Benefits Card without a picture
  6. Voter's Registration Card
  7. Working Papers
  8. Library Card
  9. Healthcare Insurance Card
  10. New York City Municipal ID card

For more intricate new accounts, please call your nearest branch to learn more about the required documents to open an account.

* Annual Percentage Yield.

**Rate and APY for balances up to $249,999.99. For balances $250,000 and greater the rate is 0.30% and the APY is 0.30%.

Fees charged on some accounts may reduce your earnings.

Rates & terms are subject to change without notice.