PERSONAL
CDs

Choose to save in an alternate way. No matter what you're saving for, we offer flexible terms and competitive interest rates to help you reach your goal. Regardless of market fluctuations, CDs provide peace of mind with a fixed term and a steady rate.

BLUE AXIS® BOOST CD


Earn up to 6.00% APY

Boost your savings with our Blue Axis® Boost CD, with a 5-month term. Earn a 6.00% APY2 when you maintain an average daily balance of 12.6% or more of your total deposit in a Blue Axis® Checking account for the entire CD term.

  • Minimum opening deposit of $5,000

  • Must open a new or have an existing Blue Axis® Checking account

  • Must maintain an average daily balance of 12.6% or more of your total deposit in a Blue Axis® Checking account for the entire 5-month CD term

  • Penalty may apply for early withdrawal

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CERTIFICATES OF DEPOSIT (CDs)

Round out your savings strategy with the security of our CDs, which feature flexible terms and fixed interest 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

Rates | Interest Calculator

CDARS® CDs1

We make it easy to save on your terms, while ensuring that all your deposits are secured under a single bank, giving you the peace of mind you deserve.

  • For consumers needing additional insurance coverage once account relationship exceeds FDIC limits at Blue Foundry Bank

  • Available in 4 Week, 13 Week, 26 Week, 52 Week, 2 Year and 3 Year terms

  • Interest rate locked in for the entire term

  • Minimum opening deposit of $10,000


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AXIS CD SPECIALS




with Blue Axis® Checking
& Direct Deposit

Amplify your savings with our Axis CD Specials, offering highly competitive rates in a variety of terms, when you open a new or have an existing Blue Axis® Checking account and have a recurring monthly direct deposit of $500 or more.

  • 12 month to 36 month terms

  • Interest rate locked in for the entire term

  • Minimum opening deposit of $1,000

  • Must open a new or have an existing Blue Axis® Checking Account

  • Must have a recurring monthly direct deposit of $500 or more

  • Penalty may apply for early withdrawal

Learn More | Interest Calculator

1 Early withdrawal penalties will apply. Please refer to CDARS Deposit Placement Agreement for penalty information. Deposit placement through the Certificate of Deposit Account Registry Service (CDARS) is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. IntraFi and CDARS are registered service marks. Customers are eligible for the CDARS® CD when their initial Blue Foundry Bank relationship exceeds FDIC insurance limit.


2 Rate is effective as of 12/6/23. Minimum Deposit $5,000. In order to qualify for the 6.00% APY (Annual Percentage Yield), you must maintain an average daily balance equal to or greater than 12.6% of the total deposit (CD and Checking combined) in a Blue Axis® Checking account for the entire CD term. For example, if your total deposit is $10,000, you would need to place $1,260 in a Blue Axis® Checking account and $8,740 in a Boost CD. APY of 6.00% is based on an interest rate of 5.83%. One Boost CD per Blue Axis® Checking. Upon maturity the Boost CD will renew to a 6-month CD. The interest rate in effect at the time the certificate renews into the new term will be applied to the account. CD must be new money only. New money is defined as money not currently on deposit at Blue Foundry Bank. If you do not maintain the required balance in your Blue Axis® Checking account, your certificate will earn an APY of 5.25%, based on an interest rate of 5.12%. Upon account opening, certificate will earn an APY of 5.25%, which will compound daily and be credited monthly. If required balance is met, upon maturity your account will be credited an additional amount which will make the APY equal to 6.00%, compounded daily, for the entire CD term. Any additional interest will not be credited for early terminations, or if the average daily balance in the Blue Axis® Checking or account falls below 12.6% of the total deposit during the CD term.

Accounts opened online require eBanking enrollment.


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