Rates are effective as of 5/5/20 and are subject to change after account opening. Minimum opening deposit of $1,000. Avoid a $5 monthly service charge when you enroll in Business eBanking and select eStatements. Tiered APYs (Annual Percentage Yields) for balances are as follows: $10,000-$49,999.99 earns .20% APY, based on an interest rate of .20%, and $50,000 and up earns .35% APY, based on an interest rates of 0.35%. Balances of less than $10,000 do not earn interest. Blue Foundry Bank® reserves the right to modify the terms, features and benefits of this account at any time.
*All values consider the cost savings for each product or service, including setup fees, over a one year period.
1You can select one Remote Deposit Capture scanner and one Merchant Services device from the available options (valued up to $200 per product.) If you would like to purchase an upgraded version of either product, Blue Foundry Bank will credit your account $200 per product. Your checking account must remain open until the credit is posted, which is within 180 days after account opening date.
2The first order of checks with checkbook cover and endorsement stamp are included with account opening for up to a $175 value. Any amount exceeding $175 will be debited from the account.
3Normal fees will apply if wire transfers exceed more than two in a monthly period.