rates

Account Type Interest Rate APY
Money Market (Tiered Account) Minimum deposit of $2500.00 to open account, and must maintain a minimum balance of $2500.00 to obtain APY.
$2,500.00 to $9,999.99 0.15% 0.15%
$10,000.00 to $24,999.99 0.20% 0.20%
$25,000.00 to $49,999.99 0.30% 0.30%
$50,000.00 to $99,999.99 0.35% 0.35%
$100,000.00 to $249,999.99 0.40% 0.40%
$250,000.00 to $499,999.99 0.45% 0.45%
$500,000.00 and up 0.55% 0.55%
Passbook Savings Minimum of $250.00 to open account, and must maintain a minimum balance of $25.00 to obtain APY. 0.30% 0.30%
Business Savings Minimum of $250.00 to open account, and must maintain a minimum balance of $25.00 to obtain APY. 0.30% 0.30%
Health Savings Account Minimum deposit of $100.00 to open account, and must maintain a minimum balance of  $100.00 to obtain APY.
$100.00 to $499.99 0.95% 0.95%
$500.00 to $2,499.99 1.70% 1.71%
$2,500.00 to $4,999.99 2.20% 2.22%
$5,000.00 to $14,999.99 2.50% 2.53%
$15,000.00 and up 2.90% 2.94%
myBOPchecking (layered interest – Minimum deposit of $250.00 to open account, and no minimum balance to obtain APY.)
$0 to $1999 0.10% 0.10%
$2000 to $4999 0.15% 0.15%
$5000 to $24999 0.25% 0.25%
$25000 and up 0.30% 0.30%

 

Certificates of Deposit

(Minimum of $1000.00 to open account, and must maintain a balance of $1000.00 to obtain APY.

$1,000 to $99,999 $100,000 +
Account Type Interest Rate APY Interest Rate APY
90 Days 0.60% 0.60% 0.75% 0.75%
6 Months 1.05% 1.05% 1.15% 1.16%
12 Months 1.35% 1.36% 1.50% 1.51%
18 Months 1.20% 1.21% 1.50% 1.51%
24 Months 1.30% 1.31% 1.60% 1.61%
36 Months 1.35% 1.36% 1.75% 1.76%
48 Months 1.70% 1.71% 1.90% 1.91%
60 Months 1.85% 1.86% 2.00% 2.02%
For CD amounts over $250,000 and term greater than 12 Months, please contact the bank
$250,000 +  
Interest Rate APY
12 Months 1.30% 1.31%

24 Month IRA Rates

$0-$99,999 $100,000 +
Interest Rate APY Interest  Rate APY
Fixed 1.60% 1.61% 1.70% 1.71%
Variable Rate is 1.50% below listed NY Prime Rate Rate is 1.50% below listed NY Prime Rate
Fees Could Reduce the Earnings On the Accounts. –  Actual Accrual, Simple Interest
SUBSTANTIAL PENALTY FOR EARLY WITHDRAWAL
APY = annual percentage yield