Apple Bank for Savings is headquartered in New York and is the 9th largest bank in the state of New York. It is also the 113th largest bank in the nation. It was established in 1863 and as of September of 2020, it had grown to 1,232 employees at 80 locations. Apple Bank for Savings has an A health rating.
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10/27/13 - Being Acquired
8/16/11 - Apple Bank Dropped Rate
4/19/09 - Apple Bank's Grand Yield Direct Savings Account Now 5.25%
12/31/08 - Apple Bank for Savings One-Year 3.75% Money Market Promo Continues in New York
12/8/08 - 3.75% Money Market Account with Yield Guaranteed for One Year at Apple Bank for Savings in New York
12/8/08 - 5.26% 12, 24 and 60-Month CDs at Apple Bank for Savings
4/6/07 - Apple Bank's Grand Yield Direct Savings Account Update
1/9/07 - $25 Sign-Up Bonus Still Available for 5.27% Grand Yield Direct Savings Account
12/1/06 - $25 Sign-Up Bonus for Grand Yield Direct Savings Account
7/13/06 - Grand Yield Direct Savings Account Now 5.15%
7/8/06 - Another New 5% Online Savings Account - Grand Yield Direct
Online Mess
Apple is again working on their platform. Over a year ago, they installed anew system that prevented links between business and personal accounts. It took me three months to get access straightened out. I has given wrong info on line, at the bank and with telephone customer service. Currently, i cannot access my personal accounts on line at all. So far it has been three days without online access. Customer service can only say that they are working on it.
Obviously whoever is responsible for this latest online snafu, is incompetent.
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16068 |
| Year Established | 1863 |
| Employees | 1232 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.27% |
| Return on Equity - YTD | 3.13% |
| Annual Interest Income | $317.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $16.33B$15.11B |
| Loans | Q3 2020vs Q3 2019 | $10.71B$10.15B |
| Deposits | Q3 2020vs Q3 2019 | $14.68B$13.18B |
| Equity Capital | Q3 2020vs Q3 2019 | $1.41B$1.32B |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $57.4MM$33.2MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $38.8MM$1.6MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $58.00K$58.00K |
