My Banking Direct, a division of New York Community Bank

ACH 226071004

Deposit Rates APY Vs.Others
Savings 5.00% 5.50% →
1-Year CD N.A. 5.25% →
2-Year CD N.A. 4.50% →
3-Year CD N.A. 4.15% →
4-Year CD N.A. 4.05% →
5-Year CD N.A. 4.00% →

Reviewed by smithy1968 | April 20, 2024 |

Savings Rates

Even staying well within FDIC limits, the frustration isn't worth your time! Dopey bank trying desperately to avoid govt closure.



Deposit Rates - October 6, 2024

Online Savings and Money Market Rates
Online Savings and Money Market Rates APY MIN MAX
Online Savings Account
5.00% $1 - Learn More



Climate Policy and Initiatives

Parent Bank Initiatives:

NYCB / Flagstar has outlined its climate initiatives here.

Updated April 8, 2024

My Banking Direct, a division of New York Community Bank Climate Score: C

My Banking Direct, a division of New York Community Bank Climate Score Info: NYCB / Flagstar has outlined a program of investing in sustainable solutions, but mistakenly includes natural gas infrastructure, hydrogen and ethanol among those projects that are desirable climate solutions.



Customer Reviews for My Banking Direct, a division of New York Community Bank (37)


  • April 20, 2024 |

    Savings Rates

    Even staying well within FDIC limits, the frustration isn't worth your time! Dopey bank trying desperately to avoid govt closure.

  • April 8, 2024 |

    Savings Rates

    Unclear whether this bank is a subsidiary of Flagstar or NYCB now. Under either circumstance, the bank is distressed. It is also a terrible bank. I would avoid. If you cannot avoid, stay well within FDIC limits.

  • November 17, 2023 |

    Savings Rates

    bank delayed credit date, you loose interest.

  • November 12, 2023 |

    Savings Rates

    Seems like a great bank to work with if you want to spend hours on the phone with a rep trying to help them figure out why their website isn't showing proper debits, credits and balances.

  • October 27, 2023 |

    I’ve had a significant funds in CD account of this bank that matured 4 days ago. On my request of transferring the final amount by ACH to my other bank account on maturity, I’ve had a response that the only option for me is to get the check in a mail (they perfectly were able to use ACH wile funding this very account initially, though!). I've finally get the check in three days and have deposited it into my savings account immediately. Now, I am waiting for the check to be cleared and it can take anywhere from one to three days from my bank. This means, My Banking Direct is using my money without paying me any interest for at least additional 5 business days while I am unable to invest these very funds on my own. I’ve had quite multiple experiences while investing with different banks and never have had this kind of frustration before. This bank is not that you want to invest with.


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