Burke & Herbert Bank & Trust Company


Overview / Commentary
703-684-1655
100 South Fairfax Street
Alexandria, VA 22314

Burke & Herbert Bank & Trust Company is headquartered in Alexandria and is the 11th largest bank in the state of Virginia. It is also the 320th largest bank in the nation. It was established in 1852 and as of December of 2018, it had grown to 470 employees at 25 locations. Burke & Herbert Bank & Trust Company's money market rates are 5X the national average, and it boasts an A+ health rating.

Excellent Security Procedures

Posted by: Bobhagen | May 16, 2019

They do a great job securing my accounts from Bozo scammers.

Free Checking and ATM's!

It's a no wonder this bank has been around since 1852. Loyal customers can expect free checking and ATM reimbursements and well as discounts from local merchants. Online and mobile banking is simple yet secure. But, their shining star is their exemplary customer service. While out of town, I discovered my debit card was breached and my checking account drained. Not being able to make it to a branch, the restoration of funds was handled swiftly over the phone and with a quick fax of an affidavit. I was assisted by extremely polite and competent personnel.

Oldest bank in Virginia

This bank is a local bank that has been serving people for many generations in the Northern Virginia area as it is Virginia's oldest bank. Its really unique and quite cool as it is owned and operated by members of the Burke and Herbert families since the 1800's. They offer superb customer service and an old fashioned approach to banking without omitting the convenience of modern technology and all that it has to offer. Using this bank makes me feel like a part of a family that I can trust.

Dissapointment

Posted by: bekbez | Apr 17, 2019

I was Charged $35 twice per day and against your 12 hours depositing the funds back policy for a overdraft fee to be assessed....and your customer service telling me it should be done before 5pm....simply shameful!

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Health
A+

Health Grade Components

Overall
FDIC Certificate #11578
Year Established1852
Employees470
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.13%
Return on Equity - YTD10.08%
Annual Interest Income$111.6MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$3.01B$3.09B
LoansQ4 2018vs Q4 2017$1.84B$1.84B
DepositsQ4 2018vs Q4 2017$2.31B$2.30B
Equity CapitalQ4 2018vs Q4 2017$345.9MM$343.8MM
Loan Loss AllowanceQ4 2018vs Q4 2017$17.3MM$16.2MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$14.0MM$11.8MM
Real Estate OwnedQ4 2018vs Q4 2017$338.00K$411.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Burke & Herbert Bank & Trust Company; 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.

Burke & Herbert Bank & Trust Company Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$50-Statement Savings Account
0.05%$10-Kid's Savings Account
0.05%$50-Business Savings Account

Burke & Herbert Bank & Trust Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.17%*$1m*-Super Money Market
OTHER TIERS: 1.13% Up to $25k | 1.58% $25k - $100k | 2.08% $100k - $1m
2.17%*$1m*-Business Super Money Market
OTHER TIERS: 1.13% Up to $25k | 1.58% $25k - $100k | 2.08% $100k - $1m
2.15%--Business Super Money Market - Introductory Rate
2.15%--Super Money Market - Introductory Rate
0.45%*$500k*-Premium Money Market Account
OTHER TIERS: 0.10% $1k - $25k | 0.15% $25k - $100k | 0.30% $100k - $250k | 0.40% $250k - $500k
0.45%*$500k*-Business Premium Money Market Account
OTHER TIERS: 0.10% $1k - $25k | 0.15% $25k - $100k | 0.30% $100k - $250k | 0.40% $250k - $500k
0.25%*$100k*-Regular Money Market Account
OTHER TIERS: 0.05% $1k - $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $100k
0.25%*$100k*-Business Money Market Account
OTHER TIERS: 0.05% $1k - $2.5k | 0.10% $2.5k - $25k | 0.15% $25k - $100k

Burke & Herbert Bank & Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$100-Interest on Lawyer Trust Account (IOLTA)
0.15%$25k-Non-Profit Interest Checking
0.05%$100-Interest Checking Account

Burke & Herbert Bank & Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.90%$1k-19 Month Bump Up Featured CD
2.50%$1k-9 Month Bump Up Featured CD
1.10%$10k-60 Month CD
1.10%$100k-60 Month Jumbo CD
1.00%*$25k*-30 Month Stepped Featured CD
OTHER TIERS: 0.40% $500 - $10k | 0.75% $10k - $25k
0.90%$100k-48 Month Jumbo CD
0.90%$500-48 Month CD
0.80%$500-36 Month CD
0.80%$100k-36 Month Jumbo CD
0.80%$500-35 Month Bump Up Featured CD
0.60%$500-24 Month CD
0.60%$500-30 Month CD
0.60%$500-25 Month Bump Up Featured CD
0.60%$100k-30 Month Jumbo CD
0.60%$100k-24 Month Jumbo CD
0.55%$500-18 Month CD
0.55%$100k-18 Month Jumbo CD
0.50%$500-12 Month CD
0.50%$100k-12 Month Jumbo CD
0.35%$500-6 Month CD
0.35%$100k-6 Month Jumbo CD
0.25%$500-30 Day CD
0.25%$500-60 Day CD
0.25%$500-90 Day CD
0.25%$100k-30 Day Jumbo CD
0.25%$100k-60 Day Jumbo CD
0.25%$100k-90 Day Jumbo CD

Burke & Herbert Bank & Trust Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.90%$100-19 Month Bump Up Featured IRA
2.75%$100-36 Month Fixed IRA
2.75%$100-36 Month Featured IRA
1.10%$100-60 Month Fixed IRA
0.60%$100-25 Month Fixed IRA
0.55%$100-18 Month Variable IRA
Locations

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