My eBanc is the 352nd largest bank in the nation. It was established in 1973 and as of March of 2023, it had grown to 228 employees. My eBanc's money market rates are 11X the national average, and it has an A health rating.
Related Posts
12/15 - My Ebanc 4.18% APY Savings & MMA
12/3 - My eBanc SuperSaver Money Market Account Is New Rate Leader
8/16 - My eBanc Boosts Nationally Available 36-Month CD Rate
3/6 - Rate Drops - Highest Rate Now 1.75% APY
3/8/19 - My eBanc Ups Super Saver Money Market To 2.25% APY
10/3/18 - 2% APY Savings Acct - But Most Hold CD To Qualify
4/12/18 - My eBanc Ups 12-month Online Time Deposit Rate
2/13/18 - My Ebanc 2.05% APY For 12 Months
2/3/18 - My Ebanc Raises CD Rates Across All Terms (E.G, 2.05% APY For 12 Mos)
1/10/18 - My eBanc Hikes Rate On Super Saver MMA
11/22/17 - My eBanc Boosts 12-Month Jumbo Online Time Deposit
7/28/17 - My e-BAnC's 12-Month Flex Time Deposit Has 2 Penalty-Free Withdrawals
6/15/17 - My e-BAnC Increases Super Saver Rate
3/31/17 - My e-BAnC Raises Jumbo Time Deposit Rates
2/26/17 - My e-BAnC Adds Super Saver and Ups 12-Month CD Rates
12/5/15 - My e-BAnC by BAC Florida Bank Increases Rates On 12-Month CD
12/5/14 - BAC Florida Bank Raises Rate On 12-month CD - Nationally Available
5/22/14 - Top Internet Jumbo CD Rates at BAC Florida Bank
They Kept Their Word
There are not that many reviews on this bank and most date back 5+ years. I contacted them on a Friday afternoon in December 2022 regarding a 2 year CD paying just over 5% that I had a feeling was not going to last and it did not. It was gone as quick as it came but I was assured that since I contacted them and began the process they would honor the rate. On December 27 the account was finally open at the rate that Ericka in Customer Service had promised. Thanks Ericka and MY Ebanc and thanks to Ken and this website.
WORST WEBSITE EVER!!!
I trusted some money due to highest APY with reasonably respected bank. But, try to add an account or do anything on their website and it must have 20yo programmers. I have to call each time. If i send a message, i get a response in broken English which questions professionalism in my opinion. The answer from Cust. Serv was something like, "you cannot add from that site/address....that's only for looking at accounts..." I WAS LOGGED IN AND COULD NOT DO ANYTHING ...I HAD TO RETURN TO "X"!!!???
Lots Of Fees And Rates Not Competitive
The good rate Bradesco offered six months ago required an absurdly high $100,000 minimum. When the rate was no longer competitive, I moved my funds and was penalized $50 for closing the account in less than 6 months. And, there is a $15 monthly charge for accounts at less than $5000. Customer service is helpful and knowledgeable IF you can get them to answer the phone. As for leaving a message, don't. The call won't be returned.
Ticket Status
Long delay in getting back status on ticket or no response at all
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 21265 |
| Year Established | 1973 |
| Employees | 228 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.98% |
| Return on Equity - YTD | 12.32% |
| Annual Interest Income | $38.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $3.44B$2.91B |
| Loans | Q1 2023vs Q1 2022 | $2.72B$2.00B |
| Deposits | Q1 2023vs Q1 2022 | $2.87B$2.57B |
| Equity Capital | Q1 2023vs Q1 2022 | $277.3MM$261.5MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $30.6MM$17.5MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $2.9MM$2.3MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |