NYCB Offering 5.5% Interest on Savings Account from in a fractional reserve banking system Watch Video
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⏲ Duration: 0:36 👁 View: 24.9M times ✓ Published: 11-Apr-2024
Description: 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.