Customer Service: 718.879.5000 Telephone Banking: 888.251.2384

Community Chest Savings Account

Put Your Money in a Community Chest Savings Account and 1% Supports a Local Non-Profit.                                                                                                                                                                                                                                                                                                    We are excited to tell you about a simple way you can support local non-profits... Spring Bank created the Community Chest Savings account to help support local organizations. You get an account at a local community bank and the non-profit gets 1%. Here is how it works:
  • Open a Community Chest Savings account on line
  • Select a participating non-profit
  • Earn a competitive interest rate of 0.10%
  • We donate 1% of the outstanding balances
We think you will agree that the Community Chest Savings account is great for the you and the community
* Effective February 1, 2017 the rate is 0.10% APY (Annual Percentage Yield)-The quoted APY is based on interest compounded daily. Rates are subject to change at Spring Bank's discretion. The minimum balance to open a Community Chest Savings Account and obtain this APY is $25.00. Spring Bank will donate quarterly 1% of the outstanding average total balances on an annualized basis to participating non-profit organizations.
Our 2017 Non-Profit Partners
StreetSquash logo
StreetSquash, founded in 1999, is a comprehensive youth enrichment program, combining academic tutoring, squash instruction, community service, college preparation, leadership development, and mentoring for young people ages 11-24. What began with 24 middle school students has expanded to serve nearly 300 participants, 6th grade through college and entry into the workforce. In 2008 StreetSquash opened a permanent home in Harlem, followed by the creation of the PE in Public Schools Program and a new relationship with Columbia University, as the home courts for the Men's and Women's Varsity Squash teams.
Founder George Polsky says it could have been anything but squash is the sport he plays, the hook to entice students to join the program. The real work is in the classroom, preparing students to succeed in college and as young adults who give back to their communities. [ Learn More ]
Rocking the Boat logo
Rocking the Boat
Rocking the Boat empowers young people from the South Bronx to develop the self-confidence to set ambitious goals and gain the skills necessary to achieve them. Students work together to build wooden boats, learn to row and sail, and restore local urban waterways, revitalizing their community while creating better lives for themselves. Kids don't just build boats at Rocking the Boat, boats build kids. Rocking the Boat engages students in a series of highly unusual yet incredibly powerful activities that last throughout their high school careers and into college.

From the time they join Rocking the Boat all participants are supported by social services provided by a team who offer continuous social and emotional support and help them prepare for future academic and professional pursuits. [ Learn More ]
Bronx YMCA logo
Bronx YMCA
The Bronx Y is powerful group of men, women and children joined together by a shared commitment to nurturing the potential of kids, promoting healthy living and fostering a sense of social responsibility. The Y believes that lasting personal and social change can only come about when we all work together to invest in our kids, our health and our neighbors. That's why, at the Bronx Y, strengthening community is our cause. Every day, we work side-by-side with our neighbors to make sure that everyone, regardless of age, income or background, has the opportunity to learn, grow and thrive. The Bronx branch began operations in 1946 and today serves more than 3000 members. [ Learn More ]
Northern Manhattan Coalition for Immigrant Rights logo
Northern Manhattan Coalition for Immigrant Rights
NMICR is a non-profit organization, founded in 1982 to educate, defend and protect the rights of immigrants. Recognized by the Board of Immigration Appeals, NMCIR is committed to expanding access to legal immigration services, participating in policy making and community organizing.
Many of the individuals who walk through the doors of the Coalition are low-income, non-citizen immigrants. Some have lived in the U.S. for decades, others are recent immigrants. The Coalition is often their first entrée into accessing legal aid or basic social services and educates, organizes and defends the immigrant community. [ Learn More ]