First Central Savings Bank

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.firstcentralsavings.com

516-609-3500

70 Glen Street
Glen Cove, NY 11542

Since April 5th, 1999, First Central Savings Bank has grown from a simple concept to what they are today, a vibrant thriving community bank of which all can be proud. The Bank’s goal was and still is to fill a void in the big bank mentality, by providing good old-fashioned personal service with a smile, a throw-back to the days of hospitality and good manners that we were all raised on, something which almost does not exist anymore in banking.

Reviews (1)

Write a Review

Registration For Online CD Requires In-Person Visit

Posted by: depacc21ry | Apr 21, 2022

First Central Savings Bank is a work in progress. I was attracted by their new 24m CD rate. After poking around their (very colorful) website, I called 866-400-8674. A real person eventually picked up and politely told me to call any of the branches listed. I did. The branch representative advised me that their online capability to open a CD was not yet available. He said I must visit a branch to register a new account. That's a 1000 mile round trip for me. Their rate wasn't THAT good.

Health

B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	34969
Year Established	1999
Employees	103
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.73%
Return on Equity - YTD	8.07%
Annual Interest Income	$14.3MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$983.6MM$962.3MM
Loans	Q1 2025vs Q1 2024	$875MM$828.5MM
Deposits	Q1 2025vs Q1 2024	$856.7MM$851.3MM
Equity Capital	Q1 2025vs Q1 2024	$89.9MM$84.7MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$9.1MM$8.5MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$15.9MM$11.9MM
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Central Savings Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.75%^*	$0	$25k	Young Savers
OTHER TIERS: 0.25% → $25k+

First Central Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.25%	$500	-	6 Month CD (In-Branch)
4.25%	$500	-	6 Month eCD (Online Only)
4.15%	$500	-	9 Month CD (In-Branch)
4.15%	$500	-	9 Month eCD (Online Only)
4.00%	$500	-	12 Month CD (In-Branch)
4.00%	$500	-	18 Month CD (In-Branch)
4.00%	$500	-	12 Month eCD (Online Only)
4.00%	$500	-	18 Month eCD (Online Only)
3.95%	$500	-	14 Month CD (In-Branch)
3.95%	$500	-	14 Month eCD (Online Only)
3.90%	$500	-	10 Month CD (In-Branch)
3.90%	$500	-	10 Month eCD (Online Only)
3.90%	$500	-	11 Month CD (In-Branch)
3.90%	$500	-	11 Month eCD (Online Only)
3.85%	$500	-	7 Month CD (In-Branch)
3.85%	$500	-	7 Month eCD (Online Only)
3.70%	$500	-	24 Month CD (In-Branch)
3.70%	$500	-	24 Month eCD (Online Only)
3.60%	$500	-	22 Month CD (In-Branch)
3.60%	$500	-	22 Month eCD (Online Only)
3.60%	$500	-	15 Month CD (In-Branch)
3.60%	$500	-	15 Month eCD (Online Only)
3.50%	$500	-	36 Month CD (In-Branch)
3.50%	$500	-	48 Month CD (In-Branch)
3.50%	$500	-	60 Month CD (In-Branch)
3.50%	$500	-	84 Month CD (In-Branch)
3.50%	$500	-	30 Month CD (In-Branch)
3.50%	$500	-	30 Month eCD (Online Only)
3.50%	$500	-	36 Month eCD (Online Only)
3.50%	$500	-	60 Month eCD (Online Only)
3.50%	$500	-	17 Month CD (In-Branch)
3.50%	$500	-	17 Month eCD (Online Only)
3.50%	$500	-	48 Month eCD (Online Only)
3.50%	$500	-	84 Month eCD (Online Only)
3.25%	$500	-	3 Month CD (In-Branch)
3.25%	$500	-	3 Month eCD (Online Only)

Locations

Cities: Astoria, Bayside, Flushing, Forest Hills, Glen Cove, Lynbrook, Ridgewood, Whitestone

Astoria Branches
Astoria Branch	35-01 30th Avenue	Astoria, NY 11103
Ditmars Branch	37-28 Ditmars Boulevard	Astoria, NY 11105

Bayside Branches
Bell Boulevard Branch	42-12 Bell Boulevard	Bayside, NY 11361

Flushing Branches
Main Street Branch	72-76 Main Street	Flushing, NY 11367

Forest Hills Branches
Forest Hills Branch	71-66 Austin Street	Forest Hills, NY 11375

Glen Cove Branches
First Central Savings Bank	70 Glen St	Glen Cove, NY 11542
Glen Cove Branch	70 Glen Street	Glen Cove, NY 11542

Lynbrook Branches
Lynbrook Branch	303 Merrick Rd	Lynbrook, NY 11563

Ridgewood Branches
Ridgewood Branch	58-02 Myrtle Avenue	Ridgewood, NY 11385

Whitestone Branches
Whitestone Branch	19-19 Francis Lewis Blvd	Whitestone, NY 11357

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