Overview / Commentary
150 Alhambra Circle, Suite 100
Coral Gables, FL 33134

Banesco USA is headquartered in Coral Gables and is the 18th largest bank in the state of Florida. It is also the 629th largest bank in the nation. It was established in 2006 and as of September of 2018, it had grown to 210 employees at 4 locations. Banesco USA's money market rates are 5X the national average, and it has an A health rating.

Related Posts

Banesco USA Boosts 12-Month CD Rate - 10/22/2018

Banesco USA has raised the rate on its nationally available BaneSmart 12-month CD to 2.75% APY. Minimum online deposit is $1.5k and $1k for in-branch opening.

Banesco USA Now Has The Highest 12-Month CD Rate 2.35% APY - 5/25/2018

Banesco USA Now Has The Highest 12-Month CD Rate 2.35% APY Credit Unions Excluded Due To Membership Requirements...

Banesco USA Ups 12- And 24-Month CD Rates - 5/11/2018

Banesco USA has raised the rates on its 12-month CD (2.25% APY) and 24-month CD (2.65% APY). Minimum deposit is $1.5k online and $1k in-branch.

View all posts from:

Reviews (2)

Nice Bank

Posted by: golinsky | Nov 18, 2018

have been doing business with this bank over 2 years and they are excellent to do business with

Interest Not Credited On CD

Posted by: pashber | Jan 1, 2019

I opened a 2 year CD at a rate of 2.50% 10 months ago. It was an excellent rate at the time. It is now 10 months later and no interest has been credited to the account. I made a long distance move around that time and don’t have access to the disclosures, so I suspect this is one of those situations where the interest will not be paid until maturity. Also, setting up the account was not straightfoward, and my funds were taken from my funding account before it had been verified.

Pretty sketchy practices. I plan to close out this account and take the early deposit hit. Competitor rates are currently over 2.80% so I expectto make up for this hit.


Health Grade Components

FDIC Certificate #57815
Year Established2006
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.87%
Return on Equity - YTD10.61%
Annual Interest Income$38.0MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$1.25B$1.03B
LoansQ3 2018vs Q3 2017$935.6MM$779.7MM
DepositsQ3 2018vs Q3 2017$1.05B$921.3MM
Equity CapitalQ3 2018vs Q3 2017$97.2MM$92.8MM
Loan Loss AllowanceQ3 2018vs Q3 2017$10.8MM$8.9MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$2.1MM$6.0MM
Real Estate OwnedQ3 2018vs Q3 2017$0$2.8MM
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Banesco USA; 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.

Banesco USA Savings Account Rates

2.47%$300-BanesGrow Savings Account

Banesco USA Money Market Rates

2.27%*$100k*-BanesFlex Money Market Account
OTHER TIERS: 1.15% $2.5k - $100k

Banesco USA CD Rates

2.95%$1.5k-24 Month CD
2.95%$1.5k-36 Month CD
2.90%$1.5k-18 Month CD
2.85%$1.5k-12 Month CD
2.40%$1.5k-6 Month CD
1.00%$1.5k-Business 36 Month CD
0.95%$1.5k-Business 24 Month CD
0.80%$1.5k-Business 18 Month CD
0.75%$1.5k-Business 12 Month CD
0.45%$1.5k-Business 6 Month CD

Banesco USA Locations
Banesco Usa150 Alhambra Circle, Suite 100Coral Gables, FL 33134
Weston Lakes Branch316 Indian Trace RoadWeston, FL 33326
Doral Boulevard Branch9500 NW 41 StreetDoral, FL 33178
Westchase Linebaugh Branch795 West 49th StreetHialeah, FL 33012
Hato Rey Branch255 Avenue Ponce De LeonSan Juan, PR 00917

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.