Apple Bank for Savings is headquartered in New York and is the 8th largest bank in the state of New York. It is also the 116th largest bank in the nation. It was established in 1863 and as of June of 2022, it had grown to 1,331 employees at 83 locations. Apple Bank for Savings' money market rates are 5X the national average, and it has a B+ 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
Apple Bank, New City, NY
Very friendly and very efficient service. Excellent rates on money market accounts.
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.
Worst Bank
Im banking there for 20 years.
all i can say is don't do that mistake i did.
Bad customer service and they are not loyal to their costumers, all they need is your money, i just tried to deposit a check that had a spelling mistake on my first name and they reject the deposit after a 20 year history of checking with them in good behavior, I explained them that te get a new check will take another few days meaning that i will be overdraft and charged by apple, I spoke to the wall (all they want is to bounce your check and charge you)
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16068 |
| Year Established | 1863 |
| Employees | 1331 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.45% |
| Return on Equity - YTD | 5.46% |
| Annual Interest Income | $191.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $16.39B$16.04B |
| Loans | Q2 2022vs Q2 2021 | $10.93B$10.45B |
| Deposits | Q2 2022vs Q2 2021 | $14.33B$14.40B |
| Equity Capital | Q2 2022vs Q2 2021 | $1.28B$1.40B |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $51.6MM$59.5MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $61.4MM$78.0MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $180.00K$58.00K |
