Are there any limits on withdrawals for savings accounts?

New York Community Bank generally adheres to federal regulations regarding savings accounts, which may impose certain limits on withdrawals. According to Regulation D, savings accounts were previously subject to a limit of six convenient withdrawals or transfers per statement cycle. However, it is important to note that this specific limit was suspended during the COVID-19 pandemic. As circumstances continue to evolve, customers should check the current policies directly with New York Community Bank to confirm whether any limitations to withdrawals have been reinstated or modified. Additionally, individual account agreements may also contain different terms or restrictions based on the type of savings account held. Customers should review these terms to understand any fees or penalties that might apply to excessive withdrawals beyond the allowed number or any additional limitations based on account type. For the latest information regarding withdrawal limits or any account-related inquiries, it is advisable to visit New York Community Bank's official website, where current policies and contact information are available. This ensures that customers receive the most accurate and up-to-date information regarding their accounts.