Featured Savings Rates
Featured Accounts

Burke & Herbert Bank & Trust Company

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.65%5-year CD60 Month CD
0.40%1-year CD52 Week CDARS
0.05%SavingsStatement Savings Account

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 307th largest bank in the nation. It was established in 1852 and as of December of 2016, it had grown to 446 employees at 25 locations. Burke & Herbert Bank & Trust Company has an A health rating.

Reviews (4)

Great Bank

My father was with this bank for over 50 years . He constantly begged me to open an account . I finally had a horrific experience with BB@T , then decided it was time to go elsewhere. I have been with Burke and Herbert for around 8 years . I love the people . They are personable and they know me by my first name at my branch. I have had so many bad experiences with many other banks this is the only one as of yet that I have never had a problem with. Fees are still lower than other banks as well and 100% free atm use anywhere makes this bank even more desirable !!

Wow! You Don't See This Everyday.

Posted by: Denton | Sep 11, 2014

The response from the Chairman and CEO of the bank himself speaks volumes. This is MY kind of bank!

Third Party Check - Reply

Posted by: HuntBurke | Sep 11, 2014

Thank you for being a Burke and Herbert Bank Customer. This is my first time on this site, and I noted with concern the comment (dsanders) about our requiring the identity of an endorser and the consistency of the application of our policies.

Every transaction is unique, but our decisions are based on the identity and resources of the individuals involved. We needed to identify the original endorser (who did not necessarily need to be a bank customer) and the customer would have needed to keep sufficient funds on deposit to cover the check if there were a problem. We always have management - including me - who can look at an individual situation. That is the beauty of banking locally.

Yours very truly,

Hunt Burke

Third Party Check

Posted by: dsanders | Aug 31, 2012

I went to the drive thru window on August 31, 2012 to deposit a third party check in the amount of $1,500 and was told the person who is signing the check over to me must have a signature on file with Burke and Herbert.  I’ve deposited two $4,000 and 1 $1,500 checks in the past and wasn’t turned away.  This bank isn’t consistent with the way they do business.



Health

Health Grade Components

Overall
FDIC Certificate #11578
Year Established1852
Employees446
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD8.55%
Annual Interest Income$98.4MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$2.96B$2.67B
LoansQ4 2016vs Q4 2015$1.64B$1.42B
DepositsQ4 2016vs Q4 2015$2.22B$2.21B
Equity CapitalQ4 2016vs Q4 2015$330.3MM$328.2MM
Loan Loss AllowanceQ4 2016vs Q4 2015$17.9MM$17.2MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$8.1MM$13.0MM
Real Estate OwnedQ4 2016vs Q4 2015$437.00K$1.1MM
Rates
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* 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%--Kid's Savings Account
0.05%$50-Business Savings Account

Burke & Herbert Bank & Trust Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 - $2,500 | 0.10% $2,500 - $25k | 0.15% $25k - $100k
0.25%*$100k*-Business Money Market Account
OTHER TIERS: 0.05% $1k - $2,500 | 0.10% $2,500 - $25k | 0.15% $25k - $100k

Burke & Herbert Bank & Trust Company Checking Account Rates

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

Burke & Herbert Bank & Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$10k-60 Month CD w/ checking
1.10%$100k-60 Month Jumbo CD w/ checking
1.00%*$25k*-30 Month Stepped CD w/ checking
OTHER TIERS: 0.40% $500 - $10k | 0.75% $10k - $25k
0.90%$10k-48 Month CD w/ checking
0.90%$10k-60 Month CD w/o checking
0.90%$100k-48 Month Jumbo CD w/ checking
0.90%$100k-60 Month Jumbo CD w/o checking
0.80%$10k-36 Month CD w/ checking
0.80%$10k-48 Month CD w/o checking
0.80%$100k-36 Month Jumbo CD w/ checking
0.80%$100k-48 Month Jumbo CD - w/o checking
0.80%$25k-35 Month Bump Up CD w/ checking
0.70%$10k-36 Month CD w/o checking
0.70%$500-48 Month CD
0.70%$100k-36 Month Jumbo CD w/o checking
0.70%$10k-35 Month Bump Up CD w/ checking
0.65%$500-60 Month CD
0.60%$500-24 Month CD
0.60%$500-30 Month CD
0.60%$500-36 Month CD
0.60%$25k-25 Month Bump Up CD w/ checking
0.55%$500-18 Month CD
0.55%$100k-18 Month Jumbo CD
0.55%$10k-35 Month Bump Up CD w/o checking
0.50%$500-12 Month CD
0.50%$100k-12 Month Jumbo CD
0.50%$10k-25 Month Bump Up CD w/ checking
0.45%$10k-25 Month Bump Up CD w/o checking
0.45%$500-35 Month Bump Up CD
0.40%$10k-52 Week CDARS
0.35%$500-6 Month CD
0.35%$100k-6 Month Jumbo CD
0.35%$500-25 Month Bump Up 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
0.20%$10k-26 Week CDARS
0.15%$10k-4 Week CDARS
0.15%$10k-13 Week CDARS

Burke & Herbert Bank & Trust Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$100-60-Month Fixed IRA
0.80%$100-36-Month Fixed IRA
0.60%$25k-25-Month Fixed IRA - w/checking
0.55%$100-18-Month Variable IRA
0.50%$10k-25-Month Fixed IRA - w/checking
0.45%$100-25-Month Fixed IRA - w/o checking
Locations

Burke & Herbert Bank & Trust Company has 25 locations. Click to view all Burke & Herbert Bank & Trust Company locations.