Investor Relations Locations Rates Contact Personal Business Connect About Log In Money Market Accounts Rates Contact us Home Personal Save Money Market Accounts Pages within Save The perfect way to save and earn. Earn a higher rate of interest with the convenience of limited check writing. A PCSB money market account can help grow your bank account balance faster, while also keeping your funds safe. Tiered savings account interest rate - the higher your balance the more interest you earn. Competitive variable interest rate. Low minimum daily balance required to earn interest. Interest paid monthly. Convenient monthly statement. A total of six preauthorized, automatic, telephone transfers (including ACH, Internet or by fax) or payments to third parties via check are permitted each monthly statement cycle. Free Account Alerts. View rates, contact us, or visit a conveniently located Lower Hudson Valley, NY branch near you to get started. 7 Month CD Rate Special 0.15% APY View Rates (opens in a new tab) Savings Calculator Financial Calculators from Dinkytown.net Financial Calculators ©1998-2021 KJE Computer Solutions, Inc. Definitions Savings goal The amount you wish to have in savings at the end of this savings plan. Target years to save The number of years you have to save. Amount currently saved Total you currently have saved toward this savings goal. Monthly savings The amount you will contribute each month to your savings. This calculator also assumes that you make your contribution at the beginning of each month. Expected rate of return This is the annually compounded rate of return you expect from your savings or investment. The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending December 31st 2020, had an annual compounded rate of return of 13.8%, including reinvestment of dividends. From January 1, 1971 to December 31st 2020, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 10.8% (source: www.spglobal.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a financial institution may pay as little as 0.25% or less but carry significantly lower risk of loss of principal balances. It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that investment funds and/or investment companies may charge. Expected annual inflation rate This is what you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2020 the CPI has a long-term average of 2.9% annually. Over the last 40 years the highest CPI recorded was 13.5% in 1980. For 2020, the last full year available, the CPI was 1.2% annually as reported by the U.S. Bureau of Labor Statistics. Home Mortgages Calculate your mortgage payment. Learn More Call914-248-7272 EmailContact Us VisitLocations Reach Out Contact Us Locations Reorder Check PCSB Bank Corporate Headquarters 2651 Strang Blvd. Yorktown Heights, NY 10598 Routing Number: 221970980 Learn More Team News Community Careers Cash Management Investor Relations Go Digital Join in the conversation with PCSB’s social media channels: Facebook Twitter LinkedIn YouTube Online Banking Mobile Banking Take PCSB with you by downloading our mobile app: Privacy Statement Internet Security Website Accessibility Sitemap PCSB Bank is a full-service New York bank with locations throughout Westchester, Putnam, Dutchess and Rockland Counties. Explore checking accounts, savings accounts, auto loans, personal loans, mortgages, business bank accounts, business loans, cash management services and more. Bank online, with our mobile app, or visit one of our conveniently located branches in the Lower Hudson Valley. Copyright © 2021 PCSB Bank. All Rights Reserved. Site by ZAG Interactive Website - Opens in New Window