† APY stands for Annual Percentage Yield

* Also available for IRA Deposits

** Penalty for early withdrawal. See Deposit Account Terms for further details.

¹ 5 Month Boost CD - CD offer available on new money only. New money is defined as money not currently on deposit at Blue Foundry Bank. Total funds to be invested will be divided between the 5 Month Blue Axis Boost CD, which must be new money, and a Blue Axis® Checking account, which can be existing money on deposit at Blue Foundry Bank. An average daily balance equal to or greater than 12.6% of the total amount must be maintained in a Blue Axis® Checking account for the entire CD term to qualify for the 6% Annual Percentage Yield. For example: if your total deposit is $10,000, your CD balance will be $8,740 and you will need to maintain an average daily balance of $1,260 in your Blue Axis® Checking account for the entire term of the CD, to earn the Annual Percentage Yield of 6% upon maturity. If you do not maintain the required balance in your Blue Axis® Checking, your certificate will earn an Annual Percentage Yield of 5.25%. Upon account opening, the certificate will earn an Annual Percentage Yield of 5.25%, which will compound daily and be credited monthly. If the terms of the 5 Month Blue Axis Boost CD are met, upon maturity your account will be credited an additional amount which will make the Annual Percentage Yield earned equal to 6%, 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 account falls below 12.6% amount during the CD term. One 5 Month Blue Axis® Boost CD per Blue Axis® Checking allowed. Rate applicable to initial term only and upon maturity will automatically renew to a 6 Month CD.

² 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.

³ 9 Month CD - Rate applicable to initial term only and upon maturity will automatically renew to a 6 Month CD.

⁴ Axis 12 Month CD with Blue Axis® Checking & Direct Deposit – Must maintain a minimum of $500 direct deposit into a Blue Axis® Checking account monthly to qualify. The bank reserves the right to change the certificate to the corresponding standard certificate term and assess a penalty if the terms of account are not met. Upon maturity the Axis 12 Month with Direct Deposit will renew to a 12 month CD.

⁵ Axis 24 Month CD with Blue Axis® Checking & Direct Deposit – Must maintain a minimum of $500 direct deposit into a Blue Axis® Checking account monthly to qualify. The bank reserves the right to change the certificate to the corresponding standard certificate term and assess a penalty if the terms of account are not met. Upon maturity the Axis 24 Month with Direct Deposit will renew to a 24 month CD.

⁶ Axis 36 Month CD with Blue Axis® Checking & Direct Deposit – Must maintain a minimum of $500 direct deposit into a Blue Axis® Checking account monthly to qualify. The bank reserves the right to change the certificate to the corresponding standard certificate term and assess a penalty if the terms of account are not met. Upon maturity the Axis 36 Month with Direct Deposit will renew to a 36 month CD.

⁷ Only one bonus per tax id, per product. Bonus is not available to existing Blue Foundry Bank Checking customers or customers that have closed their checking account within the last 12-months. Bonus will be earned when account maintains a consecutive combined direct deposit of $500 or more each month during the 6-month (182 days) qualification period. The direct deposit must be credited to the account within the first 60 days of account opening. Once the qualification period has concluded, the account will be credited the $300 bonus within 60 days. For tax purposes, bonus will be reported on form 1099.

⁸ Only one bonus per tax id, per product. Bonus will be earned when a single deposit of $15,000 or more of new money is deposited into the account and the balance is maintained for a 6-month (182 days) qualification period. New money is defined as money not currently on deposit with Blue Foundry Bank. Once the qualification period has concluded, the account will be credited the $300 bonus within 60 days. 

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

Accounts opened online require eBanking enrollment.