New York Community Bank

Deposits held and insured by Flagstar Bank

Overview / Commentary
516-227-0888
100 Duffy Ave.
Hicksville, NY 11801
Deposits held and insured by Flagstar Bank

Related Posts

New York Community Bank Raised Rate On High Yield Savings To 3.11% - 11/7/2022

Logged on this morning and it shows 3.11% in my account, it was 2.12% last week. The rate wars are in full swing.

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Since The Start

Posted by: |

I come to NYCB via their acquisition of Penn Federal Savings. I only have a savings account but the bank has always been helpful. They refunded wire fees when it was clear I didn't know the policies etc. Branch folks are always very friendly whether in person or on phone. I started with PennFSB in 2000.

My New York Community Bank Experience.

I've been with NYCB for a couple of years in my youth. The bank doesn't have ridiculous stipulations and don't try to stiff their customers on things more well known banks are notorious for. Setting up a checking account is pretty easy and there are no minimums or large over draft fees as well as no ATM fees which is almost unheard of today. Savings accounts are average but they do have better features than other banks, such as a respectable minimum amount (Under $500) and their penalty fee is pretty low as well. While I do approve of the bank, one thing I will suggest if you go with this bank is to make sure you have one in your neighborhood. Branches are extremely sparse and it will become a headache if you need to actually go to the bank regularly. You'd think such a good bank would have a lot more branches available but high quality usually means low quantity unfortunately.

A couple of complaints

Posted by: |

So recently Ohio Savings changed it's automated system to commune with NY Community Bank. WHAT A NIGHTMARE. DEFINITELY not easy to navigate through the system! Then I made a purchase in another state and instead of calling me to make sure of the transactions, they FROZE my account WITHOUT ANY NOTIFICATION. Seriously? What another nightmare. Investigating other banking options after being a loyal customer for over 25 years.

This Bank Is Crooked

Posted by: |

This bank steals money from depositors. I have almost one million on deposit with this thieving bank, and they have stolen from me. When I addressed the issue their response was “sue us”. Stay away from this criminal outfit!

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Health
A

Data as of Q1 2023

Data displayed below is for insuring bank: Flagstar Bank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #32541
Year Established1987
Employees6774
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD7.58%
Return on Equity - YTD76.28%
Annual Interest Income$1.03B
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$123.6B$23.19B
LoansQ1 2023vs Q1 2022$83.30B$17.84B
DepositsQ1 2023vs Q1 2022$84.95B$18.05B
Equity CapitalQ1 2023vs Q1 2022$11.59B$2.88B
Loan Loss AllowanceQ1 2023vs Q1 2022$549.6MM$130.6MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$162.6MM$132.2MM
Real Estate OwnedQ1 2023vs Q1 2022$9.1MM$4.4MM
Rates
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† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

New York Community Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$500-13 Month CD
4.50%$2.5k-6 Month CD
4.00%$500-24 Month CD
Locations

Availability



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