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Adirondack Bank

Popular Accounts at this Bank

0.50%Reward CheckingeCo Checking
1.25%5-year CD5 Year or More CD
0.40%1-year CD1 Year to less than 18 Month CD

Overview / Commentary
185 Genesee Street
Utica, NY 13501

Adirondack Bank is headquartered in Utica and is the 59th largest bank in the state of New York. It is also the 955th largest bank in the nation. It was established in 1898 and as of June of 2017, it had grown to 189 employees at 18 locations. Adirondack Bank has a B+ health rating.

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Reviews (4)

A great banking experience!

My relationship with Adirondack Bank goes back to when I opened my first bank account. I can honestly say that every interaction I have had with tellers, or representatives over the phone has been nothing short of a pleasure; they are never anything but kind and understanding.

In terms of fees, there are almost none; I have a checking and a savings account both free of any fees. The only time I have ever encountered a fee with this bank was when I over-drafted my account, any over-draft over the amount of $20.00 will land you a $25.00 fee. However upon contacting the bank they set up over-draft protection on my account, and were nice enough to waive the fee as it was my "first offence", if you will.

In terms of offering competitive features and products, how does 3% positive interest on both your checking and savings account sound? Well, if you sign up for their paperless statements and direct-deposit your paychecks each month instead of cashing paper checks you will get 3% APY. That's a pretty crazy-high rate of positive interest for a no-minimum-balance account.

If I could name one thing I do not like about this bank, it would be their mobile/web banking. While it works (usually without much of a hitch), it is quite minimal while compared with larger bank's mobile banking. However, being a somewhat regional bank, with only somewhere in the ballpark of 20 branches I suppose it is great to be offered this feature at all!

A great banking experience all things considered. They have never done me wrong.

Must Open Account In Person

I inquired about opening an account, and received an e-mail back saying you must open the account in person, and they only have branches in the upstate New York area.

Adirondack Bank Is Incompetent.

Posted by: vinnieu | Jul 28, 2013

I'm unable to do the only thing I've tried, a simple monthly transfer.CAN'T be done at the bank ! Phone help in Utica was unable to get it to work. Bottom line is the bank can't do the simplest thing. After over one month and hours of screwing around I give up. I'm closing the account and moving across the street. I am very very disappointed. I wish there was some way for me to charge you for all the wasted time and effort. The person I was trying to send to is now charged a $30 late fee. I don't expect you to pay it. But you certainly should. Note that there is also a $147.00 negative service charge against Adirondack Bank which I also don't expect to get. Come to think of it, I don't expect ANYTHING from this bank.

Horrible Service And No Accountability

Posted by: Anonymous | Aug 16, 2011

Two reasons I am unhappy with Adirondack Bank. First, I deposited $400 cash right before a trip, and asked specifically that it was available immediately. I was told with cash it would be available. I was covering a motel room at 11pm in a different state and had no money??? I had to use the cash I had on me, and called the next day only to be told They could do nothing until Monday. When I returned I was informed that the computer entered $4.00 instead of 400.00. I would say if the books did not balance at the end of the day it should have been fixed then. Second reason is I went to deposit a payroll check, and found I was over-drafted by $60.00, and was told they would need to hold the check because of this. It was a $1061.00 check!!! I was depositing more than what was over, and have been a customer for over 10 years. What a way to treat the customer. I will be banking somewhere else now!! Rome ,NY and Boonville, NY branches need to get a clue !!! I have heard of many of these issues as of late and even as I waited in line heard of a problem, and the teller saying don't leave our bank we are really good. Oh well !!! there are lots of banks competing for business, must be ADirondack doesn't need it.


Health Grade Components

FDIC Certificate #28380
Year Established1898
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD7.21%
Annual Interest Income$13.2MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$799.9MM$766.1MM
LoansQ2 2017vs Q2 2016$479.3MM$458.0MM
DepositsQ2 2017vs Q2 2016$677.3MM$648.4MM
Equity CapitalQ2 2017vs Q2 2016$60.7MM$58.4MM
Loan Loss AllowanceQ2 2017vs Q2 2016$2.9MM$3.3MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$8.1MM$10.2MM
Real Estate OwnedQ2 2017vs Q2 2016$0$193.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Adirondack Bank Savings Account Rates

0.20%*$10k*-Health Savings Account
OTHER TIERS: 0.10% Up to $2,500 | 0.15% $2,500 - $10k
0.20%*$100k*-Loyalty Savings
OTHER TIERS: 0.05% $500 - $2,500 | 0.10% $2,500 - $50k | 0.15% $50k - $100k
0.15%*$2,500*-Business Savings
OTHER TIERS: 0.10% $1k - $2,500
0.15%*$25k*-Business Prime
OTHER TIERS: 0.05% $500 - $2,500 | 0.10% $2,500 - $25k
0.15%$100-Municipal Savings
0.15%*$1m*-Municipal Prime
OTHER TIERS: 0.05% $500 - $100k | 0.10% $100k - $250k | 0.12% $250k - $1mm
0.10%--Adirondack Children's Savings
0.10%--Holiday Club
0.05%$100-Hometown Savings
0.05%$100-First Home Club Savings

Adirondack Bank Money Market Rates

0.15%*$50k*-Business Money Market
OTHER TIERS: 0.05% $2,500 - $25k | 0.10% $25k - $50k
0.15%*$100k*-Municipal Money Market
OTHER TIERS: 0.05% $2,500 - $25k | 0.10% $25k - $50k | 0.12% $50k - $100k
0.15%*$50k*-Loyalty Money Market
OTHER TIERS: 0.05% $2,500 - $25k | 0.10% $25k - $50k

Adirondack Bank Checking Account Rates

3.04%*-$15keCo Checking - 2 Qualifiers
OTHER TIERS: 0.05% $15k+
0.50%*-$15keCo Checking - 1 Qualifier
OTHER TIERS: 0.05% $15k+
0.20%*$300k*-Loyalty Checking
OTHER TIERS: 0.05% $20k - $75k | 0.10% $75k - $150k | 0.15% $150k - $300k
0.15%*$50k*-Super Now Business
OTHER TIERS: 0.08% $2,500 - $25k | 0.10% $25k - $50k
0.15%$500-Municipal Now Checking
0.05%$1k-Now Business

Adirondack Bank CD Rates

1.26%--2 Year eCo CD
1.26%--4 Year eCo CD
1.25%$1k-5 Year or More CD
1.00%$1k-4 Year to less than 5 Year CD
0.80%$1k-3 Year to less than 4 Year CD
0.65%$1k-2 Year to less than 3 Year CD
0.40%$1k-1 Year to less than 18 Month CD
0.40%$1k-18 Month to less than 2 Year CD
0.25%$1k-6 Month to less than 1 Year CD
0.20%$1k-3 Month to less than 6 Month CD