Featured Savings Rates
Featured Accounts

Essex Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.30%CheckingCash Back Checking
1.56%5-year CD60 Months CD
0.35%1-year CD365 Day Steady Saver CD

Overview / Commentary
804-443-8500
9954 Mayland Drive
Richmond, VA 23233

Essex Bank is headquartered in Richmond and is the 21st largest bank in the state of Virginia. It is also the 619th largest bank in the nation. It was established in 1926 and as of September of 2016, it had grown to 244 employees at 23 locations. Essex Bank has a B+ health rating.

Related Posts

Essex Bank (VA/MD) Adds 13-Month CD Promo Rate With Checking - 10/1/2016

Essex Bank (VA/MD) has a 13-Month CD Promo Rate (1.50% APY) when opened with a Cash Back Checking account; without Cash Back Checking, the APY is 1.30%.

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Reviews (2)

Poor Online Experience

Posted by: csa13 | Oct 30, 2016

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!



Health
B+

Health Grade Components

Overall
FDIC Certificate #8675
Year Established1926
Employees244
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD8.71%
Annual Interest Income$36.6MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$1.20B$1.15B
LoansQ3 2016vs Q3 2015$855.3MM$744.6MM
DepositsQ3 2016vs Q3 2015$968.4MM$938.1MM
Equity CapitalQ3 2016vs Q3 2015$120.1MM$108.6MM
Loan Loss AllowanceQ3 2016vs Q3 2015$10.0MM$10.2MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$14.5MM$16.4MM
Real Estate OwnedQ3 2016vs Q3 2015$4.9MM$5.9MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Essex Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%$500-60 Months CD
1.26%$500-36 Months-One Time Bump CD
1.10%$500-14 Month Flex CD
1.10%$500-18 Month Flex CD
1.10%$500-24 Month Flex CD
0.85%$500-365 Days CD
0.75%$2,500-365 Day No Penalty CD
0.40%$500-182 Days CD
0.35%$25-365 Day Steady Saver CD

Essex Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.56%$500-60 Months IRA CD
1.36%$500-36 Months IRA CD
1.21%$500-Specials - 24 Month Flex IRA CD
1.15%$500-Specials - 18 Month Flex IRA CD
1.10%$500-14 Month Flex IRA CD
0.85%$500-365 Days IRA CD
0.75%$500-182 Days IRA CD
Locations

Essex Bank has 23 locations. Click to view all Essex Bank locations.