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Abacus Federal Savings Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.27%5-year CD5 Year CD
1.51%1-year CD1 Year CD
1.15%SavingsSpring Savings Account Celebration Promotion

Overview / Commentary
212-285-4770
6 Bowery
New York, NY 10013

Abacus Federal Savings Bank is headquartered in New York and is the 100th largest bank in the state of New York. It is also the 2,190th largest bank in the nation. It was established in 1984 and as of December of 2017, it had grown to 96 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.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #32257
Year Established1984
Employees96
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.19%
Return on Equity - YTD1.24%
Annual Interest Income$9.9MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$303.3MM$253.3MM
LoansQ4 2017vs Q4 2016$256.1MM$195.2MM
DepositsQ4 2017vs Q4 2016$258.5MM$208.5MM
Equity CapitalQ4 2017vs Q4 2016$43.2MM$42.6MM
Loan Loss AllowanceQ4 2017vs Q4 2016$2.6MM$2.1MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$280.00K$276.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Rates
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* 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
1.15%*$100k*-Spring Savings Account Celebration Promotion
OTHER TIERS: 0.05% $250 - $2,500 | 0.10% $2,500 - $5k | 0.25% $5k - $10k | 0.40% $10k - $25k | 1.05% $25k - $100k

Abacus Federal Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.52%$50k-5 Year Jumbo CD
2.42%$50k-4 Year Jumbo CD
2.27%$1k-5 Year CD
2.20%$50k-3 Year Jumbo CD
2.16%$1k-4 Year CD
2.07%$50k-2 Year Jumbo CD
1.94%$1k-3 Year CD
1.85%$1k-2 Year CD
1.61%$50k-1 Year Jumbo CD
1.51%$1k-1 Year CD
1.35%$25k-6 Month Jumbo CD Special
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
1.85%$1k-2 Year IRA CD
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

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