_nycb-offering-5-5-interest-on-savings-account.jpg "NYCB Offering 5.5% Interest on Savings Account from in a fractional reserve banking system Video Screenshot Preview")
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✓ Published: 11-Apr-2024
👁 View: 24.9M times
✓ Published: 11-Apr-2024
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New York Community Bank is currently offering the nation's highest interest rate for a savings account.Users who sign up for a my banking direct account via New York Community Bank's online arm will get a 5.55% Annual percentage yield.This comes about a month after the regional financial institution had to raise $1 billion dollars in funding from investment firms including Steven Mnuchin's Liberty Strategic Capital and replaced its chief executive.
New York Community Bank is currently offering the nation's highest interest rate for a savings account.Users who sign up for a my banking direct account via New York Community Bank's online arm will get a 5.55% Annual percentage yield.This comes about a month after the regional financial institution had to raise $1 billion dollars in funding from investment firms including Steven Mnuchin's Liberty Strategic Capital and replaced its chief executive.
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