2. Abacus Federal Savings Bank

Abacus Federal Savings Bank


Overview / Commentary
www.abacusbank.com
212-285-4770
6 Bowery
New York, NY 10013

Abacus Federal Savings Bank is headquartered in New York and is the 102nd largest bank in the state of New York. It is also the 2,065th largest bank in the nation. It was established in 1984 and as of June of 2018, it had grown to 98 employees at 6 locations. Abacus Federal Savings Bank's savings rates are 2X the national average, and it boasts an A+ health rating.

Related Posts

Jumbo CD Specials - 1/30/2018

2-year Jumbo CD Special, 2.15% APY, $50k minimum 3-year Jumbo CD Special, 2.35% APY, $50k minimum "Abacus: Small Enough to Jail" is a 2016 American documentary film by Steve James. The film centers on the Abacus Federal Savings Bank, a family-owned community bank situated in Manhattan's Chinatown in New York City which, because it was deemed "small enough to jail" rather than "too big to fail", became the only financial institution to actually face criminal charges following the subprime mortgage crisis. Abacus was found not guilty. The film is nominated for Best Documentary Feature at this year's Academy Awards.

View all posts from:


Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
A+

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #32257
Year Established1984
Employees98
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD4.58%
Annual Interest Income$6.2MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$320.0MM$267.6MM
LoansQ2 2018vs Q2 2017$274.1MM$219.3MM
DepositsQ2 2018vs Q2 2017$274.5MM$223.3MM
Equity CapitalQ2 2018vs Q2 2017$44.2MM$42.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$2.8MM$2.2MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$279.00K$661.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Abacus Federal Savings 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.

Abacus Federal Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%*$100k*-Regular Savings Account
OTHER TIERS: 0.05% → $250 - $2.5k | 0.20% → $2.5k - $5k | 0.45% → $5k - $10k | 0.65% → $10k - $25k | 0.75% → $25k - $50k | 0.95% → $50k - $100k

Abacus Federal Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%$50k-5 Year Jumbo IRA
2.42%$50k-4 Year Jumbo IRA
2.27%$1k-5 Year IRA
2.20%$50k-3 Year Jumbo IRA
2.16%$1k-4 Year IRA
2.07%$50k-2 Year Jumbo IRA
1.94%$1k-3 Year IRA
1.85%$1k-2 Year IRA CD
1.61%$50k-1 Year Jumbo IRA
1.51%$1k-1 Year IRA CD
Locations


Abacus Federal Savings Bank Locations
Edison Branch869 U.S. Route 1 SouthEdison, NJ 08817
Flushing Branch36-30 Main StreetFlushing, NY 11354
Brooklyn Branch5518 8th AveNew York City, NY 11220
Abacus Federal Savings Bank6 BoweryNew York, NY 10013
World Trade Center Branch116 Nassau StreetNew York, NY 10038
Philadelphia Branch147-151 North 10th StreetPhiladelphia, PA 19107

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.