Essex Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.40% | 1-year CD | 13 Month CD Promo 1.50% - Ally Bank No Penalty 11-Month CD |
| 0.30% | Checking | Cash Back Checking 0.14% - National Average |
| 1.56% | 5-year CD | 60 Month CD 2.25% - Bank of Internet USA 60 Month CD |
Essex Bank is headquartered in Richmond and is the 19th largest bank in the state of Virginia. It is also the 598th largest bank in the nation. It was established in 1926 and as of June of 2017, it had grown to 258 employees at 25 locations. Essex Bank's CD rates are 34% higher than the national average, and it has a B+ health rating.
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Poor Online Experience
We have been Essex customers/account holders since they acquired Bank of Goochland. The online experience is very clunky. Our son has had an adult account for over a year and he still cannot set up an online account. We tried again tonight, and the web page returned "service not available." The IT department is abysmal and has never improved. The number of frustrations and let downs have far outnumbered the "home town" benefits of this bank. Cannot recommend.
WORST BANK! I RATHER USE A PREPAID DEBIT CARD
No one answers the customer service number when you need help! No one contacts you back when you leave messages! Their direct deposit processing is late, you won't get paid on your payday! The bank is VERY inconvenient, VERY limited in their banking options and VERY misleading! I would discourage my worst enemy from banking here, because NO ONE deserves this type of amateur and incompetent handling of their money!
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 8675 |
| Year Established | 1926 |
| Employees | 258 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.88% |
| Return on Equity - YTD | 9.26% |
| Annual Interest Income | $26.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $1.29B$1.19B |
| Loans | Q2 2017vs Q2 2016 | $902.7MM$831.6MM |
| Deposits | Q2 2017vs Q2 2016 | $1.08B$959.1MM |
| Equity Capital | Q2 2017vs Q2 2016 | $124.2MM$117.8MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $9.7MM$9.9MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $14.1MM$16.4MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $2.4MM$4.9MM |
Always verify rates and promotions with the bank or credit union. We are not Essex Bank; 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.
Essex Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $5k* | - | Health Savings Account (HSA) | ||
| OTHER TIERS: 0.10% → Up to $1k | 0.25% → $1k - $5k | |||||
| 0.35%* | $50k* | - | Prosperity Savings | ||
| OTHER TIERS: 0.05% → $1k - $5k | 0.10% → $5k - $25k | 0.15% → $25k - $50k | |||||
| 0.35%* | $50k* | - | Business Prosperity Savings | ||
| OTHER TIERS: 0.05% → $1k - $5k | 0.10% → $5k - $25k | 0.15% → $25k - $50k | |||||
| 0.25% | - | - | E-Kids Savings for Kids | ||
| 0.25% | - | - | Christmas Club | ||
| 0.25% | $500 | - | Variable Liquid IRA | ||
Essex Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.35%* | $250k* | - | Prosperity Money Market | ||
| OTHER TIERS: 0.05% → Up to $5k | 0.10% → $5k - $25k | 0.15% → $25k - $50k | 0.25% → $50k - $250k | |||||
| 0.35%* | $250k* | - | Business Prosperity Money Market | ||
| OTHER TIERS: 0.05% → Up to $5k | 0.10% → $5k - $25k | 0.15% → $25k - $50k | 0.25% → $50k - $250k | |||||
Essex Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $50k* | - | Cash Back Checking | ||
| OTHER TIERS: 0.10% → $1,500 - $25k | 0.20% → $25k - $50k | |||||
| 0.25% | $50 | - | Community First Checking | ||
| 0.25% | $50 | - | Business Community First Checking | ||
Essex Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.56% | $500 | - | 60 Month CD | |
| 1.55% | $500 | - | 19 Month CD Special | |
| 1.40% | $500 | - | 13 Month CD Promo | |
| 1.26% | $500 | - | 36 Month-One Time Bump CD Special | |
| 1.21% | $500 | - | 365 Day Special | |
| 1.10% | $500 | - | 14 Month Flex CD | |
| 1.10% | $500 | - | 18 Month Flex CD | |
| 1.10% | $500 | - | 24 Month Flex CD | |
| 0.75% | $2,500 | - | 365 Day No Penalty CD Special | |
| 0.40% | $500 | - | 182 Day CD | |
| 0.35% | $25 | - | 365 Day Steady Saver CD |
Essex Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.56% | $500 | - | 60 Month IRA CD | |
| 1.55% | $500 | - | 19 Month IRA Special | |
| 1.40% | $500 | - | 13 Month IRA Special | |
| 1.36% | $500 | - | 36 Month IRA CD | |
| 1.21% | $500 | - | 24 Month Flex IRA Special | |
| 1.21% | $500 | - | 365 Day IRA Special | |
| 1.15% | $500 | - | 18 Month Flex IRA Special | |
| 1.10% | $500 | - | 14 Month Flex IRA CD | |
| 0.75% | $500 | - | 182 Day IRA CD |
