Solvay Bank

Overview / Commentary
1537 Milton Avenue
Syracuse, NY 13209

Solvay Bank is headquartered in Solvay and is the 53rd largest bank in the state of New York. It is also the 886th largest bank in the nation. It was established in 1917 and as of June of 2022, it had grown to 150 employees at 9 locations. Solvay Bank's CD rates are 11% higher than the national average, and it has an A health rating.

Reviews (7)

Rates Are Competitive But...........

Posted by: |


Their rates are competitive locally, but we have had several instances where we were treated poorly by their tellers.  There's an arrogance and unfriendliness by the tellers that we have not encountered at other banks.  They seem more interested in "zinging" you than in being helpful.  A recent example: a simple transaction where we wanted to exchange $600 in small bills (mostly 20s) into larger bills was met with such antagonism that we gave up on the transaction.

Their ATMs located at their branches and main office are frequently not in service or out of paper.

We currently have multiple accounts with the bank, yet we are rarely treated in a helpful manner. 

Absolutely Abysmal

Posted by: |

Everyone else seems to be functioning fairly well in the 21st century...except Solvay Bank! I have been trying to get an international wire transfer from Solvay Bank since the 26th of March and it is now the 16th of April with no sign of the money! Snooty responses to simple questions, discrepencies in how and when the money left the bank, multiple tries to get a successful transfer, and still...nothing. I'm afraid I will have to move my money to a more competent bank, because this one is absolutely abysmal!

Poor Service

Posted by: |

They discriminate against people to get over draft credit for there checking accounts . I have tried several times to get it and they have refused me because they say I don’t make enough . Which I do . Then there online app is down all the time . It’s ridiculous. You can’t even check your account . They fix it but it doesn’t do any good because it keeps happening. And the people act like they don’t even want to help you. Very disappointed.

Like Others Great Rates Poor Service

Systems are old and antiquated frequently they are down for service and it seems like their employees are unhappy and don’t care about having business

Time To Go!

Posted by: |

Not a fan of this bank. Difficult to deal with.
This is "old banking" at its worst.
They will continue to lose market share in my opinion.

Great Rates, Aweful Service

Posted by: |

Great bank overall but if you have good credit but with a marginal past, good luck getting a loan. I recently applied for a loan and was turned down cause of stuff that was on my report. The stuff on the report was taken care of years ago and was given letters of satisfaction. This stuff was brought back into question and was denied a loan. I would not encourage anyone to bank through them if you are triing to rebuild your credit, they will not give you a chance.

Great Rates...Awful Service.

Posted by: |

Yes they have some of the best rates available for accounts and mortgages, but their service is awful. The mortgage department is especially poor. Questions brushed off, no return phone calls, gives the impression that they don't want to be bothered like they are doing you a favor. Unbelievable!


Health Grade Components

FDIC Certificate #13297
Year Established1917
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD12.3%
Annual Interest Income$15.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.13B$1.13B
LoansQ2 2022vs Q2 2021$642.9MM$632.3MM
DepositsQ2 2022vs Q2 2021$1.04B$1.00B
Equity CapitalQ2 2022vs Q2 2021$76.7MM$99.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$7.6MM$7.7MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$935.00K$3.0MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not Solvay Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Solvay Bank Savings Account Rates

0.03%--Statement Savings
0.03%--HSA Accounts

Solvay Bank Money Market Rates

0.30%*$250k*-Money Market Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $250k
0.30%*$250k*-Money Market Advantage
OTHER TIERS: 0.05% Up to $25k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $250k
0.30%*$250k*-Non-Personal Money Market Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $250k
0.30%*$250k*-Non-Personal Money Market Advantage
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $250k

Solvay Bank Checking Account Rates

2.00%-$15kHigh Interest Checking
0.02%--NOW Account
0.02%--NOW Non-Personal Account

Solvay Bank CD Rates

3.50%$2.5k-16 Month CD
1.40%$500-60 Month CD
1.35%$500-48 Month CD
1.25%$500-36 Month CD
1.20%$500-30 Month CD
1.15%$500-24 Month CD
1.10%$500-18 Month CD
1.00%$500-12 Month CD
0.75%$500-182 Day CD
0.50%$500-91 Day CD

Solvay Bank IRA Rates

3.50%$2.5k-16 Month IRA
1.40%$500-60 Month IRA
1.35%$500-48 Month IRA
1.25%$500-36 Month IRA
1.20%$500-30 Month IRA
1.15%$500-24 Month IRA
1.10%$500-18 Month IRA
1.00%$500-12 Month IRA
0.75%$500-182 Day IRA

Solvay Bank Locations
Syracuse Branch109 South Warren StreetSyracuse, NY 13202
Solvay Bank1537 Milton AveSolvay, NY 13209
Camillus Branch56 Genesee StreetCamillus, NY 13031
North Syracuse Branch628 South Main StreetNorth Syracuse, NY 13212
Liverpool Branch7421 Oswego RoadLiverpool, NY 13090
Cicero Branch7895 Brewerton RoadCicero, NY 13039
Dewitt Branch6828 E Genesee StFayetteville, NY 13066
Baldwinsville Branch197 Downer StreetBaldwinsville, NY 13027
Westvale Smart Branch3201 West Genesee StreetSyracuse, NY 13219

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