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 97th largest bank in the state of New York. It is also the 2,003rd largest bank in the nation. It was established in 1984 and as of September of 2019, it had grown to 99 employees at 6 locations. Abacus Federal Savings Bank's CD rates are 100% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #32257
Year Established1984
Employees99
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD3.63%
Annual Interest Income$10.8MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$335.3MM$336.6MM
LoansQ3 2019vs Q3 2018$287.1MM$281.1MM
DepositsQ3 2019vs Q3 2018$287.6MM$290.5MM
Equity CapitalQ3 2019vs Q3 2018$46.2MM$44.5MM
Loan Loss AllowanceQ3 2019vs Q3 2018$2.9MM$2.9MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$229.00K$377.00K
Real Estate OwnedQ3 2019vs Q3 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
1.65%*$100k*-Diamond Savings Account w/ Checking - New Money
OTHER TIERS: 0.05% → $500 - $2.5k | 0.10% → $2.5k - $5k | 0.30% → $5k - $10k | 1.10% → $10k - $25k | 1.25% → $25k - $50k | 1.50% → $50k - $100k
1.35%*$100k*-Gold Savings Account w/ Checking - New Money
OTHER TIERS: 0.05% → $500 - $2.5k | 0.10% → $2.5k - $5k | 0.30% → $5k - $10k | 0.75% → $10k - $25k | 0.95% → $25k - $50k | 1.25% → $50k - $100k
0.90%*$100k*-Regular Savings Account
OTHER TIERS: 0.05% → $500 - $2.5k | 0.10% → $2.5k - $5k | 0.30% → $5k - $10k | 0.50% → $10k - $25k | 0.60% → $25k - $50k | 0.80% → $50k - $100k

Abacus Federal Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%$50k-4 Year Jumbo CD
1.95%$50k-5 Year Jumbo CD
1.95%$50k-2 Year Jumbo CD
1.95%$50k-3 Year Jumbo CD
1.85%$1k-2 Year CD
1.85%$1k-3 Year CD
1.85%$1k-4 Year CD
1.85%$1k-5 Year CD
1.80%$50k-1 Year Jumbo CD
1.70%$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
1.95%$50k-2 Year Jumbo IRA CD
1.95%$50k-3 Year Jumbo IRA CD
1.95%$50k-4 Year Jumbo IRA CD
1.95%$50k-5 Year Jumbo IRA CD
1.85%$1k-2 Year IRA CD
1.85%$1k-3 Year IRA CD
1.85%$1k-4 Year IRA CD
1.85%$1k-5 Year IRA CD
1.80%$50k-1 Year Jumbo IRA CD
1.70%$1k-1 Year IRA CD
1.70%$1k-1 Year IRA Special
Locations


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

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