BUSINESS
RATES
We offer the best rates possible for our customers. Click on the products below to learn more about current rates:
Rates effective as of 7/23/25.
All rates subject to change without notice.
FEATURED OFFERS
Blue Carbon® Business Solutions Checking
Earn $1,000 when you maintain a balance of at least $35,000 at all times during a 7 month qualification period. 2
Open Now| Interest Rate | APY † | Minimum Deposit to Open an Account |
Minimum Balance to Avoid Maintenance Fee |
| 0.00% | 0.00% | $100 | N/A |
Open an Account $100
Avoid Maintenance Fee N/A
Featured CDs
| # of Months | Interest Rate | APY † | Min Deposit | |
| 3 MONTH CD1 With Checking |
4.11% | 4.20% | $1,000 | Open Now |
| 7 MONTH CD1 With Checking |
3.68% | 3.75% | $1,000 | Open Now |
| 9 MONTH CD1 With Checking |
3.54% | 3.60% | $1,000 | Open Now |
Terms CDs
| # of Months | Interest Rate | APY † | Min Deposit | |
| 6 MONTH | .20% | .20% | $1,000 | Open Now |
| 12 MONTH | .50% | .50% | $1,000 | Open Now |
| 24 MONTH | .30% | .30% | $1,000 | Open Now |
| 36 MONTH | .50% | .50% | $1,000 | Open Now |
| 48 MONTH | 2.96% | 3.00% | $1,000 | Open Now |
| 60 MONTH | 3.20% | 3.25% | $1,000 | Open Now |
6 MONTH
12 MONTH
24 MONTH
36 MONTH
48 MONTH
60 MONTH
MONEY MARKET ACCOUNTS
Click on each product name for more details.
Blue Carbon® Business Money Market
Open Now| Interest Rate | APY † | Minimum Deposit to Open an Account |
Minimum Balance to Avoid Maintenance Fee |
| .70% | .70% | $100 | N/A |
Open an Account $100
Avoid Maintenance Fee N/A
Municipal Money Market
| Interest Rate | APY † | Minimum Deposit to Open an Account |
Minimum Balance to Avoid Maintenance Fee |
| Call for rates. | Call for rates. | $100 | N/A |
Open an Account $100
Avoid Maintenance Fee N/A
CHECKING ACCOUNTS
Blue Carbon® Business Checking
Blue Carbon® Business Checking
| Balance | Interest Rate | APY † | Minimum Deposit to Open an Account |
Minimum Balance to Avoid Maintenance Fee |
|
| $.01 - $9,999.99 | .00% | .00% | $100 | N/A | Open Now |
| $10,000 - $49,999.99 | .05% | .05% | $100 | N/A | Open Now |
| $50,000 and up | .10% | .10% | $100 | N/A | Open Now |
Balance $.01 - $9,999.99
Open an Account$100
Avoid Maintenance FeeN/A
Balance $10,000 - $49,999.99
Open an Account$100
Avoid Maintenance FeeN/A
Balance $50,000 and up
Open an Account$100
Avoid Maintenance FeeN/A
SAVINGS ACCOUNTS
Blue Carbon® Business Savings
Blue Carbon® Business Savings
Open Now| Interest Rate | APY † | Minimum Deposit to Open an Account |
Minimum Balance to Avoid Maintenance Fee |
|
| 1.73% | 1.75% | $100 | N/A | Open Now |
Open an Account $100
Avoid Maintenance Fee N/A
MORE PRODUCTS
IOLTA FUND
| Interest Rate | APY † | Minimum Deposit to Open an Account |
| 2.70% | 2.70% | $1 |
Open an Account $1
† APY stands for Annual Percentage Yield
** Penalty for early withdrawal. Minimum balance to obtain the annual percentage yield is $0.01. See Deposit Account Terms for further details.
1 Must open a new or have an existing checking to qualify. Penalty for early withdrawal. Rate applicable to initial term only and upon maturity will automatically renew to a 6 month CD.
2 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.
All checking, savings and money market accounts: Variable rate accounts and interest rate may change any time after account opening at our discretion. 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.
All accounts (except for Small Business Checking and IOLTA) requires eBanking enrollment and electronic statements to avoid $5.00 paper statement fee.
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.