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 4/01/23
All rates subject to change without notice
Business Rates
FEATURED PRODUCTS
-
9 MONTH CD
New Money Only.
SPECIAL* -
Interest Rate
-
3.92%
-
APY†
-
4.00%
-
Min Deposit
-
$1,000
BLUE CARBON EDGETM
|
Interest Rate |
APY† |
Minimum Deposit to Open an Account $250,000 |
Minimum Balance to Avoid Maintenance Fee |
|---|---|---|---|---|
| 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 |
BLUE CARBON EDGETM
BUSINESS CHECKING
Open Now
Interest Rate
APY†
Minimum Deposit to Open an Account
$250,000
Minimum Balance to Avoid Maintenance Fee
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
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®
|
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 |
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 2.96% |
APY† 3.00% |
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
2.96%
APY†
3.00%
Minimum Deposit to Open an Account
$5,000
Minimum Balance to Avoid Maintenance Fee
N/A
MORE PRODUCTS
-
IOLTA
FUND -
Interest Rate
-
3.00%
-
APY†
-
3.00%
-
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.
9 Month CD Special - At maturity certificate will automatically renew for a term of 6 months. Rate is available for new money only. New money is defined as money not currently on deposit with Blue Foundry Bank.
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.