BUSINESS
RATES
We offer the best rates possible
for our customers. Click on the
products below to learn more
about current rates:
Call Mortgage Plus Loans Team:
201-683-8800
BUSINESS RATES
Rates effective as of 9/26/23
All rates subject to change without notice
Business Rates
FEATURED PRODUCTS
-
9 MONTH CD*
with CheckingOpen Now Interest Calculator
-
Interest Rate
-
5.12%
-
APY†
-
5.25%
-
Min Deposit
-
$1,000
-
9 MONTH CD*
Open Now Interest Calculator
-
Interest Rate
-
4.64%
-
APY†
-
4.75%
-
Min Deposit
-
$1,000
BLUE CARBON®
|
Interest Rate 0.00% |
APY† 0.00% |
Minimum Deposit to Open an Account $35,000 |
Minimum Balance to Avoid Maintenance Fee $35,000 |
|---|
Interest Rate
0.00%
APY†
0.00%
Minimum Deposit to Open an Account
$35,000
Minimum Balance to Avoid Maintenance Fee
$35,000
CERTIFICATES OF DEPOSIT**
6 MONTH*
- 6 MONTH*
-
Interest Rate
-
.20%
-
APY†
-
.20%
-
Min Deposit
-
$1,000
12 MONTH*
- 12 MONTH*
-
Interest Rate
-
.50%
-
APY†
-
.50%
-
Min Deposit
-
$1,000
24 MONTH*
- 24 MONTH*
-
Interest Rate
-
.30%
-
APY†
-
.30%
-
Min Deposit
-
$1,000
36 MONTH*
- 36 MONTH*
-
Interest Rate
-
.50%
-
APY†
-
.50%
-
Min Deposit
-
$1,000
48 MONTH*
- 48 MONTH*
-
Interest Rate
-
.35%
-
APY†
-
.35%
-
Min Deposit
-
$1,000
60 MONTH*
- 60 MONTH*
-
Interest Rate
-
.40%
-
APY†
-
.40%
-
Min Deposit
-
$1,000
CHECKING ACCOUNTS
BLUE CARBON® BUSINESS SOLUTIONS CHECKING$1,000 CASH BONUS1Open Now |
Interest Rate 0.00% |
APY† 0.00% |
Minimum Deposit to Open an Account $35,000 |
Minimum Balance to Avoid Maintenance Fee $35,000 |
|---|
BLUE CARBON®
|
Interest Rate |
APY† |
Minimum Deposit to Open an Account $1,000 |
Minimum Balance to Avoid Maintenance Fee N/A |
|---|---|---|---|---|
| Balance $.01 - $9,999.99 |
Interest Rate .00% |
APY† .00% |
Minimum Deposit to Open an Account |
Minimum Balance to Avoid Maintenance Fee |
| Balance $10,000 - $49,999.99 |
Interest Rate .05% |
APY† .05% |
Minimum Deposit to Open an Account |
Minimum Balance to Avoid Maintenance Fee |
| Balance $50,000 and up |
Interest Rate .10% |
APY† .10% |
Minimum Deposit to Open an Account |
Minimum Balance to Avoid Maintenance Fee |
BLUE CARBON EDGE®
|
Interest Rate |
APY† |
Minimum Deposit to Open an Account $250,000 |
Minimum Balance to Avoid Maintenance Fee N/A |
|---|---|---|---|---|
| Balance $.01 - $249,999.99 |
Interest Rate .00% |
APY† .00% |
Minimum Deposit to Open an Account |
Minimum Balance to Avoid Maintenance Fee |
| Balance $250,000 and up |
Interest Rate 2.71% |
APY† 2.75% |
Minimum Deposit to Open an Account |
Minimum Balance to Avoid Maintenance Fee |
Interest Rate
0.00%
APY†
0.00%
Minimum Deposit to Open an Account
$35,000
Minimum Balance to Avoid Maintenance Fee
$35,000
BLUE CARBON®
BUSINESS CHECKING
Open Now
Interest Rate
APY†
Minimum Deposit to Open an Account
$1,000
Minimum Balance to Avoid Maintenance Fee
N/A
Interest Rate
.00%
APY†
.00%
Minimum Deposit to Open an Account
Minimum Balance to Avoid Maintenance Fee
Interest Rate
.05%
APY†
.05%
Minimum Deposit to Open an Account
Minimum Balance to Avoid Maintenance Fee
Interest Rate
.10%
APY†
.10%
Minimum Deposit to Open an Account
Minimum Balance to Avoid Maintenance Fee
BLUE CARBON EDGE®
BUSINESS CHECKING
Open Now
Interest Rate
APY†
Minimum Deposit to Open an Account
$250,000
Minimum Balance to Avoid Maintenance Fee
N/A
Interest Rate
.00%
APY†
.00%
Minimum Deposit to Open an Account
Minimum Balance to Avoid Maintenance Fee
Interest Rate
2.71%
APY†
2.75%
Minimum Deposit to Open an Account
Minimum Balance to Avoid Maintenance Fee
MONEY MARKET ACCOUNTS
BLUE CARBON®
|
Interest Rate .70% |
APY† .70% |
Minimum Deposit to Open an Account $5,000 |
Minimum Balance to Avoid Maintenance Fee N/A |
|---|
MUNICIPAL MONEY MARKET |
Interest Rate Call for rates. |
APY† Call for rates. |
Minimum Deposit to Open an Account $5,000 |
Minimum Balance to Avoid Maintenance Fee N/A |
|---|
BLUE CARBON®
BUSINESS MONEY MARKET
Open Now
Interest Rate
.70%
APY†
.70%
Minimum Deposit to Open an Account
$5,000
Minimum Balance to Avoid Maintenance Fee
N/A
MUNICIPAL MONEY MARKET
Interest Rate
Call for rates.
APY†
Call for rates.
Minimum Deposit to Open an Account
$5,000
Minimum Balance to Avoid Maintenance Fee
N/A
MORE PRODUCTS
-
IOLTA
FUND -
Interest Rate
-
3.30%
-
APY†
-
3.30%
-
Min Deposit
-
$1
SAVINGS ACCOUNTS
BLUE CARBON®OPEN NOW
|
Interest Rate 1.78% |
APY† 1.80% |
Minimum Deposit to Open an Account $1 |
Minimum Balance to Avoid Maintenance Fee N/A |
|---|
BLUE CARBON®
BUSINESS SAVINGS
OPEN NOW
Interest Rate
1.78%
APY†
1.80%
Minimum Deposit to Open an Account
$1
Minimum Balance to Avoid Maintenance Fee
N/A
† APY stands for Annual Percentage Yield
* Also available for IRA Deposits
** Penalty for early withdrawal. See Deposit Account Terms for further details.
1 Cash bonus is not available to existing Blue Foundry Bank Business Checking customers or businesses that have closed their checking account within the last 12 months. Only one Cash Bonus available per tax id. Bonus will be earned when account maintains a balance of at least $35,000 at all times during a 7-month (213 day) qualification period. Qualification period begins when account balance is $35,000, which must be within the first 30 days of account opening. Once the qualification period has concluded, your account will be credited the $1,000 cash bonus within 60 days. For tax purposes, bonus will be reported on 1099. Blue Foundry Bank reserves the right to modify or discontinue the cash bonus at any time.
9 Month CD - Rate applicable to initial term only and upon maturity certificate will automatically renew to a 6 Month CD.
9 Month CD with Checking - Must open a new or have an existing checking to qualify. Rate applicable to initial term only and upon maturity will automatically renew to a 6 Month CD.
Fees may reduce earnings on the account. See Schedule of Fees for applicable fees. Withdrawal of interest will reduce earnings. Annual percentage yield assumes interest remains on deposit. Minimum balance required to obtain APY = $.01
Interest is Compounded Daily (365/365) for all accounts other than IOLTA which is simple interest, credited monthly. Checking and Savings Products are variable rate accounts. The interest rate may change at any time after the account is opened. IOLTA Fund Rate is higher of 60% of the Fed Funds Target Rate or 1.00%.
Accounts opened online require eBanking enrollment.