2. Abacus Federal Savings Bank

Abacus Federal Savings Bank

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
2.55%5-year CD
3.10% - Goldman Sachs Bank USA High-yield 5 Year CDAdvertisement
1.75%1-year CD
2.60% - Capital One 12 Month 360 CDAdvertisement
1.05%Savings
1.90% - American Express National Bank High Yield Savings AccountAdvertisement
View all Abacus Federal Savings Bank rates »

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 3X 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+

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
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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
1.50%*$100k*-Mid-Autumn Savings Account
OTHER TIERS: 1.05% → $10k - $25k | 1.25% → $25k - $50k | 1.35% → $50k - $100k
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
3.00%$50k-3 Year Jumbo CD
3.00%$50k-3 Year Mid-Autumn Jumbo CD Special
2.75%$50k-5 Year Jumbo CD
2.55%$1k-5 Year CD
2.55%$50k-4 Year Jumbo CD
2.50%$50k-15 Month Mid-Autumn Jumbo CD Special
2.40%$10k-15 Month Mid-Autumn CD Special
2.35%$1k-4 Year CD
2.25%$50k-2 Year Jumbo CD
2.15%$1k-3 Year CD
2.05%$1k-2 Year CD
1.85%$50k-1 Year Jumbo CD
1.75%$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
2.52%$50k-5 Year Jumbo IRA CD
2.42%$50k-4 Year Jumbo IRA CD
2.27%$1k-5 Year IRA CD
2.20%$50k-3 Year Jumbo IRA CD
2.16%$1k-4 Year IRA CD
2.07%$50k-2 Year Jumbo IRA CD
1.94%$1k-3 Year IRA CD
1.85%$1k-2 Year IRA CD
1.61%$50k-1 Year Jumbo 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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