BUSINESS

SAVINGS & CDs

Attention to detail matters, especially when it comes to the financial safety net of your business. Our powerful savings solutions include all sorts of perks to give you clarity and make accumulating those extra funds a whole lot easier.

AXISSAVINGS™

It’s empowering to have a bank that creates just what your business needs, like this savings account featuring no fees, no minimum balance requirement and unlimited ATM fee rebates worldwide1.

  • Unlimited ATM cash withdrawal fee rebates worldwide1

  • No monthly maintenance fees

  • Minimum opening deposit of $1

  • Interest earned on all balances2

  • Free eBanking

  • Free eMobile Banking

  • Free 24-hour Telephone Banking

  • Free Direct Deposit

  • Avoid $2 monthly service charge when you enroll in eBanking and select eStatements

  • Six withdrawals or transfers allowed per statement cycle3

CERTIFICATES OF DEPOSIT (CDs)

Round out your business savings strategy with the security of our CDs, which feature flexible terms and competitive rates. These make it easy to save on your terms.

  • From six months to five year terms

  • Interest rate locked in for the entire term

  • Minimum opening deposit of $1,000 or $5,000 based upon term 

  • At CD maturity we notify you to help you plan your investment options

  • Penalty may apply for early withdrawal

SIMPLIFIED EMPLOYEE PENSION (SEP) PLAN

Your hard work today should pay off now and in the future. This retirement plan was built specifically for small business owners who want to set money aside for retirement, while helping their employees do the same. Take advantage of lower costs and increased flexibility.

Learn More

SAFE DEPOSIT BOXES

Put your most valuable things where you can conveniently access them. We offer safe deposit boxes at our Clifton, Florham Park, Glen Rock, Mahwah and Rochelle Park branches. Choose from a variety of sizes listed below. Visit a branch or our website for more information.

2" x 5" (Glen Rock only)
3" x 5"
5" x 5"
3" x 10"
5" x 10"
10" x 10"
   

The contents of your Safe Deposit Box are not protected against loss by Blue Foundry Bank® and for your protection you may wish to secure your own insurance for protection against loss with an insurance company of your own choice. You should keep a complete list and description of all your property stored in your Safe Deposit Box and any available proof of ownership.

1Unlimited ATM fee rebates apply to cash withdrawals using your ATM card at all participating Accel and Cirrus ATMs worldwide. ATM fee rebates do not apply to any fees other than those assessed for using an ATM to withdraw cash from your Blue Foundry AxisSavings account. Blue Foundry Bank® makes its best effort to identify those ATM fees eligible for rebate, based on information it receives from ATM operators. Blue Foundry Bank® reserves the right to modify or discontinue the ATM fee rebate at any time.

2Rate is subject to change after account opening. Fees may reduce the earnings on the account.

3During any statement cycle, per Regulation D, you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party. These limits do NOT apply to cash withdrawals from your account or to fund transfers made to another Blue Foundry Bank® account if conducted by mail or at an ATM.