NYCB Offering 5.5% Interest on Savings Account

  • last month
New York Community Bank is currently offering the nation's highest interest rate for a savings account. Users who sign up for a my banking direct account via New York Community Bank's online arm will get a 5.55% Annual percentage yield. This comes about a month after the regional financial institution had to raise $1 billion dollars in funding from investment firms including Steven Mnuchin's Liberty Strategic Capital and replaced its chief executive.