Savings
Smart Savings Starts Here
• Access to the full range of First New York products and services
• Financial advice and planning through our Financial Wellness Check
• Access to My First New York Digital Banking services
• Member Support available via phone, in-person, or video call
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Let's ConnectYour Savings, Your Future
Opening a Savings Account is the first step to becoming a First New York member and unlocking the full value of your membership. Whether you’re building an emergency fund, saving for future goals, or simply establishing your membership, this account provides a secure foundation for your financial journey.
• $1 minimum balance
• Open with as little as $1
• No monthly service charges or fees
• Unlimited deposits & withdrawals
• Earn dividends
• Monthly E-statements through My First New York digital banking
| Annual Percentage Yield | Dividend Rate* |
|---|---|
| 0.10% | 0.10% |
| *Minimum balance of $1 on Primary Share Savings only. Fees may reduce earnings. Rates set monthly. Dividends compounded monthly. | |
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Certificate Accounts
Certificate Accounts
Put your savings to work with a First New York Share Certificate. Enjoy competitive dividend rates, guaranteed returns, and a fixed rate for the full term, giving you a predictable way to grow your money and reach your financial goals faster.
• Open a Certificate with a minimum deposit of $500
• Choose terms ranging from 3 months to 5 years
• Lock in your rate for the entire certificate term
• Earn competitive dividends compounded and credited monthly
• Withdraw earned dividends at any time without penalty
• Automatic renewal at maturity for continued growth
• Funds federally insured by the NCUA up to applicable limits
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View Rates
View Certificates and IRAs Rates
| Term | Annual Percentage Yield* | Dividend Rate |
|---|---|---|
| 3 month | 3.00% | 2.96% |
| 6 month | 3.25% | 3.20% |
| 9 month | 4.25% | 4.17% |
| 12 month | 3.50% | 3.45% |
| 18 month | 3.50% | 3.45% |
| 24 month | 4.25% | 4.17% |
| 30 month | 2.40% | 2.37% |
| 36 month | 2.50% | 2.47% |
| 48 month | 2.60% | 2.57% |
| 60 month | 2.70% | 2.67% |
| Annual Percentage Yield (APY) assumes principal and dividends remain on deposit for the full Share Certificate term. Dividends are compounded monthly. A penalty may be imposed for early withdrawal. Fees may reduce earnings. Rates are set weekly and may change daily at the credit union’s discretion. Share Certificates automatically renew for the same term as originally opened. Minimum deposits are $2,500 for 9-month Share Certificates and $500 for all other terms. IRA eligibility excludes 3-month and 9-month Share Certificates. Renewal rates are based on the published Share Certificate rate, excluding special offers, for the term closest to but not exceeding the original certificate term. | ||
Lucky Savers Certificate*
Save more. Earn chances to win.
The Lucky Savers Certificate helps you build healthy savings habits while giving you opportunities to win monthly and quarterly cash prizes. Every time you save, you’re investing in your future and earning entries into prize drawings at the same time. For every $25 deposited into your Lucky Savers Certificate, you’ll receive one entry into the prize drawings, up to 10 entries each month. Best of all, your money remains in your account, continuing to grow alongside your savings goals.
Lucky Savers Benefits
• Earn one prize drawing entry for every $25 deposited, up to $250 per month
• Up to 10 chances to win each month
• Monthly cash prizes of up to $100
• Quarterly cash prizes of up to $5,000
• Build your savings while maintaining ownership of your deposited funds
• Available to eligible First New York members age 18 and older with accounts in good standing
| Term | Annual Percentage Yield | Dividend Rate* |
|---|---|---|
| 12 month | 0.15% | 0.15% |
| *Prize period runs from October 1, 2026 until September 30, 2027. Business and trust accounts, as well as employee accounts from any participating institution, are not eligible to win prizes. An initial deposit of $25 is required to open and additional deposits can be made throughout the term. The initial deposit and all subsequent deposits mature 12 months after the date that the initial deposit was made. A penalty for early withdrawal may apply. The APY is subject to change without notice. Rates set weekly. Dividends compounded monthly. Official rules at www.savetowin.org. | ||
Give your savings a winning advantage
Open a 12-month Lucky Savers Share Certificate with an initial deposit of just $25. Your opening deposit begins your savings journey and serves as your first entry into the monthly and quarterly prize drawings. Visit any First New York branch to get started.
Investment Retirement Accounts (IRA's)
Save for life's next chapter
Whether you’re planning for the years ahead or looking to maximize your retirement savings, a First New York IRA provides tax-advantaged savings options designed to help you build a stronger financial future.
Save for life's next chapter
• Designed to help you save for retirement
• Competitive dividend rates to help your savings grow
• Earnings are compounded and credited monthly
• Federally insured by the NCUA up to applicable limits
• Available through our branch locations with personalized guidance from our Investment team
Ready to start planning for retirement?
Visit a First New York branch to open an IRA and explore the retirement savings option that best fits your financial goals.
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Unlock Your Full Potential by Comparing Our Share Certificates!
Use this calculator to compare two share certificate terms side by side.
Money Market Accounts
With a Money Market or Premium Money Market Account, you can earn higher dividends on larger balances without locking your funds into a long-term account. It’s a smart way to grow your savings while keeping the flexibility and access you need for everyday financial goals. Visit a branch or contact our team to get started.
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Money Market Rates
| Daily Balance | APY | Dividend Rate* |
|---|---|---|
| $50,000+ | 0.20% | 0.20% |
| $25,000 - $49,999.99 | 0.15% | 0.15% |
| $10,000 -$24,999.99 | 0.10% | 0.10% |
| $2,500 - $9,999.99 | 0.10% | 0.10% |
| *Dividends are compounded monthly. No minimum to open. $2,500 minimum balance must be maintained to earn dividends. Rates subject to change. Fees may reduce earnings on this account. | ||
Premium Money Market Rates
| Daily Balance | APY | Dividend Rate* |
|---|---|---|
| $150,000+ | 0.30% | 0.30% |
| $75,000 - $149,999.99 | 0.25% | 0.25% |
| *Dividends compounded monthly. No minimum to open. $75,000 minimum balance must be maintained to earn dividends. Rates subject to change. Fees may reduce earnings on this account. |
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Business Accounts
Member Business Savings Accounts
You can establish your business membership with as little as a $1 Share Savings Account at First New York FCU!
For more information on Business Services, please contact the Business Services Team.
• Night drop facility available for next day business day processing of deposits
• Purchase money orders and cashiers checks at any branch
• Wire transfer services available
• Payroll deductions available
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Business Certificate Accounts
Lock in a fixed interest rate for a specified period of time and earn the highest rate of return on your investments.
For more information on Business Services, please contact the Business Services Team
• Earn a high dividend rate with as little as a $500 minimum deposit
• 3 month to 5 year flexible terms
• Penalty may be imposed for early withdrawal
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Business Money Market Accounts
Maintain the liquidity of your funds and earn more on high balances with our Business Money Market account.
For more information on Business Services, please contact the Business Services Team.
• Higher yield of a certificate with the convenience of a savings account
• Tiered rate based on your balance
• Dividends compound monthly
• No minimum to open
• $2,500 minimum balance must be maintained to earn dividends
• Free online access with online banking
• Free online check images
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Business Premium Money Market Accounts
With our Business Premium Money Market Account, you’ll maintain the liquidity of your funds and earn more on higher balances with our Business Premium Money Market account.
For more information on Business Services, please contact the Business Services Team.
• Higher yield of a certificate with the convenience of a savings account
• Tiered rate based on your balance
• Higher yield of a certificate with the convenience of a savings account
• Tiered rate based on your balance
• Dividends compound monthly
• No minimum to open
• $75,500 minimum balance must be maintained to earn dividends
• Free online access with online banking
• Free online check images
Contact Us