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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 95th largest bank in the state of New York. It is also the 1,954th largest bank in the nation. It was established in 1984 and as of March of 2019, it had grown to 92 employees at 6 locations. Abacus Federal Savings Bank's CD rates are 2X the national average, and it has an A health rating.

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Health
A

Data as of Q1 2019

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Health Grade Components

Overall
FDIC Certificate #32257
Year Established1984
Employees92
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD3.77%
Annual Interest Income$3.6MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$349.0MM$330.6MM
LoansQ1 2019vs Q1 2018$281.3MM$268.0MM
DepositsQ1 2019vs Q1 2018$302.0MM$285.7MM
Equity CapitalQ1 2019vs Q1 2018$45.4MM$43.6MM
Loan Loss AllowanceQ1 2019vs Q1 2018$2.9MM$2.7MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$229.00K$752.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
Rates
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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% → $500 - $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 CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.55%$50k-5 Year Jumbo CD
2.50%$1k-5 Year CD
2.50%$50k-4 Year Jumbo CD
2.45%$1k-4 Year CD
2.45%$50k-3 Year Jumbo CD
2.40%$1k-3 Year CD
2.40%$50k-2 Year Jumbo CD
2.30%$1k-2 Year CD
2.10%$50k-1 Year Jumbo CD
2.00%$1k-1 Year CD
0.80%$1k-9 Month CD
0.70%$1k-182 Day CD
0.50%$1k-91 Day CD

Abacus Federal Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%$50k-5 Year Jumbo IRA CD
2.95%$50k-4 Year Jumbo IRA CD
2.85%$50k-3 Year Jumbo IRA CD
2.80%$1k-5 Year IRA CD
2.70%$1k-4 Year IRA CD
2.60%$1k-3 Year IRA CD
2.40%$50k-2 Year Jumbo IRA CD
2.15%$1k-2 Year IRA CD
2.10%$50k-1 Year Jumbo IRA CD
2.00%$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

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