We can do more for you and your business
Expanded FDIC Insurance Coverage
CDARS® CDs1
We make it easy to save on your terms, while ensuring that all your deposits are secured under a single bank, giving you the peace of mind you deserve.
Available in 4 Week, 13 Week, 26 Week, 52 Week, 2 Year and 3 Year terms
Interest rate locked in for the entire term
Minimum opening deposit of $10,000
Visit your local branch or call 888-931-BLUE for current rates.
BLUE CARBON EDGE® BUSINESS ICS® SWEEP
Get all the benefits you would receive from our Blue Carbon Edge® Business Checking account with full FDIC Insurance coverage of up to $135 million, all while keeping your funds liquid.
No monthly maintenance fees and maintain a balance of $250,000+ in a Blue Carbon Edge® Business Checking account
Improved interest rates2
Dedicated Answer Desk # & Transition Team
Unlimited incoming & outgoing wire transfers
Free Remote Deposit Capture service and single-feed scanner
Up to $200 credit towards Merchant Services equipment3
Free Fraud Monitoring with Positive Pay
Free ACH Origination Services with Same Day ACH available
Up to $150 credit towards First Order of Checks3
Early Pay & Blue Balance Access No Fee Overdraft Assistance available
Avoid a $5 monthly statement fee by enrolling in eBanking and selecting eStatements
Visit your local branch or call 888-931-BLUE for current rates.
Lending
BLUE CARBON® BUSINESS LOANS
Blue Foundry Bank is not your ordinary lender, as we take your success personally. We understand that the number one priority for you is access to capital and a partner that will take the time to understand your business and its goals. That’s exactly why we offer a new slate of business loans to both small and middle market businesses with customized terms and options.
SBA 7(a) LOANS
As a Small Business Administration approved lender, we’re here to provide you with customizable loans in a variety of loan categories offering easier qualification, longer terms, and lower down payments on fixed assets vs. most standard loans. Loans are available to for-profit businesses that may not qualify for a conventional loan.
SMALL BUSINESS LINE OF CREDIT
Take your business to new heights with a Small Business Line of Credit from Blue Foundry Bank. Enjoy the advantages of having cash at your fingertips, providing your business with the financial versatility you need to grow and expand your business. Borrow only what you require and manage repayments effortlessly, with only principal and interest payments on the funds you use.
Cash Management
ESCROW SOLUTIONS
Whether you are a municipality, attorney, or property manager, this free ZEscrow digital tool is the ideal solution to simplify your escrow needs. It saves time by providing you with the ability to securely organize documents, receive automated notifications, and virtually manage escrow and sub-accounts, all in one place with anytime access.
Open, manage, transfer funds and close sub-accounts
Automate delivery of statements, interest tracking and IRS reporting
Customize interest calculation and splitting
Organize sub-accounts to simplify tracking
Invite beneficiaries to complete account documents online
Access to detailed reports and statements
BUSINESS BANKING SOLUTIONS
Our Business Banking Solutions product, in partnership with FINSYNC, gives you access to a range of back-office tools to help your business thrive. We now have all of the tools you need in one convenient location to keep you and your business in sync.
Get paid faster and pay bills easier
Accept credit card payments your way
Process payroll with confidence and lower cost
Automate accounting and cash flow with ease
1 Early withdrawal penalties will apply.
2 Rate is subject to change after account opening. Fees may reduce the earnings on the account.
3 If you purchase a Merchant Services device, Blue Foundry Bank will credit your account up to $200. You will receive a credit up to $150 for your first order of checks. Your checking account must remain open until the credit(s) are posted, which is within 180 days after account opening date.