1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

Intervest National Bank

Intervest National Bank Locations
1 Rockefeller Plaza
New York, NY 10020
212-218-8383
www.intervestnatbank.com

FDIC


Welcome to INTERVEST NATIONAL BANK Online! Their headquarters is located in the heart of New York City and they maintain a full service banking location at One Rockefeller Plaza, New York, New York. In addition, their Florida Division has six branches serving Clearwater and Pinellas County.

Intervest National Bank Routing Number: 026013291

Related Posts

Review of Intervest National Bank's Money Market Account - Nationally Available - 4/27/2009

Update 11/28/09: The MMA has new rate tiers: 1.40% APY $2.5K-$25K, 1.45% APY $25K-$50K, 1.55% $50K-$100K, 1.60% APY $100K+Intervest National Bank has a money market account that has offered competitive rates for a while. It lacks some of the features...

High Rates on Long Term CDs at Intervest National Bank - 8/10/2007

Intervest National Bank has some very competitive rates on its long term CDs. The yields range from 5.50% APY for a 5 year term to 5.55% APY for a 10 year term.The details of these certificate of deposit can be found in the account disclosure. One...



See Rates for: Checking | Savings | Money Market | CD | IRA

Intervest National Bank Checking Account Rates

ApyMinMaxProduct
0.45%$100k-Interest Checking
0.45%$100k-Business Interest Checking

Intervest National Bank Savings Account Rates

ApyMinMaxProduct
0.30%$500-Regular Savings

Intervest National Bank Money Market Rates

ApyMinMaxProduct
0.45%$1k-IRA Money Market Account
0.43%$100k-Business Money Market Account
0.43%$100k-Money Market Account

Intervest National Bank CD Rates

ApyMinMaxProduct
1.52%$2,500-5 Year CD
1.52%$2,500-6 Year CD
1.52%$2,500-7 Year CD
1.52%$2,500-8 Year CD
1.52%$2,500-9 Year CD
1.52%$2,500-10 Year CD
1.52%$95k-10 Year Jumbo CD
1.34%$2,500-4 Year CD
1.20%$2,500-3 Year CD
0.95%$2,500-30 Month CD
0.90%$2,500-2 Year CD
0.84%$2,500-18 Month CD
0.68%$2,500-1 Year CD
0.30%$2,500-6 Month CD

Intervest National Bank IRA Rates

ApyMinMaxProduct
1.52%$1k-5 Year CESA
1.52%$1k-6 Year CESA
1.52%$1k-7 Year CESA
1.52%$1k-8 Year CESA
1.52%$1k-9 Year CESA
1.52%$1k-10 Year CESA
1.52%$95k-10 Year Jumbo IRA
1.52%$1k-5 Year Roth IRA
1.52%$1k-6 Year Roth IRA
1.52%$1k-7 Year Roth IRA
1.52%$1k-8 Year Roth IRA
1.52%$1k-9 Year Roth IRA
1.52%$1k-10 Year Roth IRA
1.52%$95k-10 Year Jumbo Roth IRA
1.52%$1k-5 Year IRA
1.52%$1k-6 Year IRA
1.52%$1k-7 Year IRA
1.52%$1k-8 Year IRA
1.52%$1k-9 Year IRA
1.52%$1k-10 Year IRA
1.52%$95k-10 Year Jumbo CESA
1.34%$1k-4 Year CESA
1.34%$1k-4 Year Roth IRA
1.34%$1k-4 Year IRA
1.20%$1k-3 Year CESA
1.20%$1k-3 Year Roth IRA
1.20%$1k-3 Year IRA
0.95%$1k-30 Month CESA
0.95%$1k-30 Month Roth IRA
0.95%$1k-30 Month IRA
0.90%$1k-2 Year CESA
0.90%$1k-2 Year Roth IRA
0.90%$1k-2 Year IRA
0.84%$1k-18 Month CESA
0.84%$1k-18 Month Roth IRA
0.84%$1k-18 Month IRA
0.68%$1k-1 Year CESA
0.68%$1k-1 Year Roth IRA
0.68%$1k-1 Year IRA
0.30%$1k-6 Month CESA
0.30%$1k-6 Month Roth IRA
0.30%$1k-6 Month IRA

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


Intervest National Bank
FDIC Certificate #35011
BankRate ReportView
Year Established1999
Employees78
Primary RegulatorOCC

Assets and Liabilities

Assets$1.65 billion
Loans$1.08 billion
Deposits$1.39 billion
Equity Capital$254.82 million
Loan Loss Allowance$28.05 million
Unbacked Noncurrent Loans$50.29 million
Real Estate Owned$15.92 million

Historic Data - December 2011

Assets$1.96 billion
Equity Capital$240.13 million
Loan Loss Allowance$30.37 million
Unbacked Noncurrent Loans$59.16 million
Real Estate Owned$28.28 million

Profit Margin - Quarterly

Net Interest Margin2.66%
Return on Assets0.74%
Return on Equity5.45%
Interest Income$82.35 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Intervest National Bank had $66.21 million in non-current loans and owned real-estate with $282.87 million in equity and loan loss allowances on hand to cover it. This gives Intervest National Bank a Texas Ratio of 23.41% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Intervest National Bank decreased slightly from 32.33% as of December 31, 2011 to 23.41% as of December 31, 2012, resulting in a positive change of 27.59%.This indicates that the balance sheet and financial strength for Intervest National Bank has improved slightly in recent periods.
Deposit Growth1
In the past year, Intervest National Bank has decreased its total deposits by -$299.6 million, resulting in -17.69% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Intervest National Bank has shown is poor.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Intervest National Bank has $1.65 billion in assets with $282.87 million in equity, resulting in a capitalization level of 17.12%, which is excellent.
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Customers BEWARE!
1 stars - JanG - Saturday, September 29, 2012 - 2:22 PM

Customers BEWARE!!!!  I have had two C.D.s with this bank. I will never do business with them again. Customer service people are very rude.  I have  8 C.D.s with 6 different banks and never a problem.  I was married and changed my address.  I sent the appropriate paperwork to let them know this, but they would not change the name on the account or the address without a charge of $25. for each change!!!! This was for their benefit--not mine, and  they refused to change either.  It was a mess.  None of my other banks charged anything to make these changes.  They call it a "business" decision.  I call it greed and unethical.

6

BE VERY CAREFUL WHEN DOING BUSINESS WITH THIS BANK.
1 stars - bobmcf - Saturday, March 24, 2012 - 11:47 PM

Customer experience was TERRIBLE!  I have had two CDs totaling $200,000. with this bank for almost 10 years.  One of the CDs matured while I was out of state.  My mail was being held at the Post Office so I didn't receive the maturity notice until I returned home and picked up the mail.  I wound up being 19 days late in calling them to retrieve the CD.  So, this "customer friendly" bank charged me $4,543.18 in penalty fees to get my CD.  Seems they have the right to renew the CD at the same 5 year term when you are late retrieving your money and then charge you 2.5 years worth of interest to give you your money.  Can you believe that 19 days cost me that kind of money!  There is no Federal Law that says they have to do this.  It's just their policy!!  SO, BE CAREFUL WHEN YOU DEAL WITH THIS BANK; don't be late and don't make a mistake.  ALL THEY WANT IS YOUR MONEY!  And no wonder Banks are getting such a bad name!!

6