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Banesco USA


Overview / Commentary
786-552-0524
150 Alhambra Circle, Suite 100
Coral Gables, FL 33134

Banesco USA is headquartered in Coral Gables and is the 17th largest bank in the state of Florida. It is also the 611th largest bank in the nation. It was established in 2006 and as of March of 2019, it had grown to 223 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 Offers BanesGrow Savings Account, 2.47% APY - 4/17/2019

Banesco USA's nationally available BanesGrow Savings Account earns 2.47% APY on balances of $300 and above. Minimum opening deposit is $100.

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.

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Reviews (3)

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

Fees For Moving Money

My only hesitation here are the fees. Incoming wire transfers - $15. Incoming ACH - 20 cents per occurence. Charging a fee for money coming into the bank is silly. They are nickel and diming, erasing any benefit of higher interest rate.

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

Health Grade Components

Overall
FDIC Certificate #57815
Year Established2006
Employees223
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD10.58%
Annual Interest Income$14.4MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$1.32B$1.07B
LoansQ1 2019vs Q1 2018$947.7MM$813.5MM
DepositsQ1 2019vs Q1 2018$1.18B$960.3MM
Equity CapitalQ1 2019vs Q1 2018$120.7MM$93.1MM
Loan Loss AllowanceQ1 2019vs Q1 2018$10.7MM$10.0MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$2.9MM$2.4MM
Real Estate OwnedQ1 2019vs Q1 2018$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.47%$300-BanesGrow Savings Account

Banesco USA Money Market Rates

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

Banesco USA CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.70%$1.5k$250k12 Month CD
2.60%$1.5k$250k6 Month CD
2.50%$1.5k$250k18 Month CD
2.45%$1.5k$250k24 Month CD
2.40%$1.5k$250k36 Month CD
1.00%$1.5k$250kBusiness 36 Month CD
0.95%$1.5k$250kBusiness 24 Month CD
0.80%$1.5k$250kBusiness 18 Month CD
0.75%$1.5k$250kBusiness 12 Month CD
0.45%$1.5k$250kBusiness 6 Month CD
Locations


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

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