enjoy this limited-time offer:
TEEN SAVINGS SPECIAL RATE1,2
Empower your teen to take charge of their future with a savings account that makes it easy to learn, save and watch their money grow.
10.00% APY*
Minimum Balance: $1.00
Earn 10.00% APY* on balances up to $6,000.00 and 0.50% APY* on balances over $6,000.00. Open to all existing and new customers.
WHY YOU SHOULD Bank Local.
NO FEES
24/7 mobile and online banking
Zelle®
budgeting tools
Community Giving
NEW ASTORIA MURAL CELEBRATES COMMUNITY.
To celebrate the grand opening of our new Astoria branch, we teamed up with local artist Zeehan Wazed to create a vibrant, one-of-a-kind mural. This new addition celebrates the spirit of Astoria providing residents with a piece of art that reflects the heart of their community. The visual blends iconic Queens landmarks with our popular Smile on Maspeth Day carnival.
*APY = Annual Percentage Yield
The Teen Savings rates are tiered. The Bank pays the stated interest rate and Annual Percentage Yield (APY) only on that portion of the balance within a specified tier. For illustrative purposes, for an account with a balance of $10,000, the bank would pay interest of 9.57% on the first $6,000 and 0.50% on $4,000 (the difference between $10,000 and the first tier cut-off of $6,000). The APY on the first $6,000 would be 10%. The tiered APY on a balance of $6,000.01 would be 10% and the tiered APY on a balance of $10,000 would be 6.20%.
The 10.00% Tiered APY is limited to 1 (one) Teen Savings Account per Child, additional savings accounts owned by the same child are subject to the Standard Teen Savings Account Rate of 0.50% APY. The APY may change at any time without notice.
Account is joint between parent and child. When the child turns 18, the Teen Savings account will convert to a Statement Savings Account. The parents/guardians from the Teen Savings account will remain as a co-owner of the Statement Savings account unless removed. To remove the co-owner, both account owners will be required to visit a branch to change account ownership.
