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 8th largest bank in the state of Virginia. It is also the 349th largest bank in the nation. It was established in 1852 and as of June of 2023, it had grown to 407 employees at 23 locations. Burke & Herbert Bank & Trust Company's money market rates are 7X the national average, and it has a B health rating.

Excellent Security Procedures

Posted by: |

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: |

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

Health Grade Components

Overall
FDIC Certificate #11578
Year Established1852
Employees407
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD10.84%
Annual Interest Income$71.9MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$3.57B$3.59B
LoansQ2 2023vs Q2 2022$1.98B$1.73B
DepositsQ2 2023vs Q2 2022$3.01B$2.96B
Equity CapitalQ2 2023vs Q2 2022$286.9MM$291.1MM
Loan Loss AllowanceQ2 2023vs Q2 2022$25.9MM$23.4MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$2.9MM$6.1MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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%--Statement Savings Account
0.05%--Kid's Savings Account
0.05%--Business Savings Account

Burke & Herbert Bank & Trust Company Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%--Private Banking Super Money Market
3.00%*$1m*-Super Money Market
OTHER TIERS: 0.01% Up to $25k | 0.10% $25k - $100k | 2.00% $100k - $250k | 2.25% $250k - $500k | 2.50% $500k - $1m
3.00%*$1m*-Business Super Money Market
OTHER TIERS: 0.01% Up to $25k | 0.10% $25k - $100k | 2.00% $100k - $250k | 2.25% $250k - $500k | 2.50% $500k - $1m
0.05%*$100k*-Regular Money Market Account
OTHER TIERS: 0.01% Up to $25k | 0.03% $25k - $100k
0.05%*$100k*-Business Money Market Account
OTHER TIERS: 0.01% Up to $25k | 0.03% $25k - $100k

Burke & Herbert Bank & Trust Company Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--Interest on Lawyer Trust Account (IOLTA)
0.10%--Private Banking Interest Checking
0.05%$25k-Non-Profit Interest Checking
0.03%*$1.5k*-Convenient Checking with Interest
OTHER TIERS: 0.01% Up to $1.5k

Burke & Herbert Bank & Trust Company CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%--10 Month Featured CD
0.20%$500-60 Month CD
0.20%$500-36 Month CD
0.20%$500-48 Month CD
0.15%$500-24 Month CD
0.15%$500-30 Month CD
0.10%$500-12 Month CD
0.10%$500-18 Month CD
0.05%$500-6 Month CD
0.03%$500-30 Day CD
0.03%$500-60 Day CD
0.03%$500-90 Day CD

Burke & Herbert Bank & Trust Company IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$100-18 Month Variable IRA
1.00%$100-25 Month Fixed IRA
1.00%$100-36 Month Fixed IRA
1.00%$100-60 Month Fixed IRA
Locations

Availability



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