First National Bank of Scotia

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.27%	5-year CD	60 Month CD 3.00% - American Express National Bank 60 Month CD
0.45%	1-year CD	12-17 Month CD 2.45% - Synchrony Bank 12 Month CD
0.10%	Savings	Day of Deposit Savings Account 1.80% - American Express National Bank High Yield Savings Account

View all First National Bank of Scotia rates »

Overview / Commentary

www.firstscotia.com

518-370-7200

201 Mohawk Avenue
Scotia, NY 12302

First National Bank of Scotia is headquartered in Scotia and is the 83^rd largest bank in the state of New York. It is also the 1,510^th largest bank in the nation. It was established in 1923 and as of June of 2018, it had grown to 142 employees at 10 locations. First National Bank of Scotia has a B+ health rating.

Reviews (2)

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First National - A Friendly Hometown Bank

Posted by: matthewlester | Jan 15, 2018

All of my experiences at First National Bank of Scotia have been positive. They have several locations around the Capital Region, and in each of their locations that I have visited, all bank employees have been exceedingly helpful. I have never had any issues making deposits or withdrawing from my checking and savings accounts that I have with them, and their interest rates are competitive. In particular, their Young Savers Account, which requires a $50 minimum balance, currently pays 0.25% APY and is a good option for young people to start building successful banking habits. In addition, young people who make deposits in their Young Savers Account receive vouchers that can be redeemed for gift cards, which creates added incentive for young people to save. I have also had one CD with the bank and everything went smoothly, there were no issues at all related to this account. All bank employees have always been helpful whenever I had any questions about my account.

Comment

1

Rude Managers And Fee Happy

Posted by: Anthony Paniccia | Oct 1, 2017

Never seen a bank that reorders your account like this one. Only out to get as much fees from you as possible. Paid $205 in overdraft fee on $300 in overdraft due to the fact they rearrange my postings and held up my direct deposit until they bounced items first.

Comment

1

Health

B+

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	11501
Year Established	1923
Employees	142
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.48%
Return on Equity - YTD	6.26%
Annual Interest Income	$8.2MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$470.3MM$457.3MM
Loans	Q2 2018vs Q2 2017	$404.2MM$385.4MM
Deposits	Q2 2018vs Q2 2017	$428.8MM$416.5MM
Equity Capital	Q2 2018vs Q2 2017	$36.4MM$35.1MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$4.2MM$4.1MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$2.4MM$1.2MM
Real Estate Owned	Q2 2018vs Q2 2017	$0$292.00K

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First National Bank of Scotia Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%	$50	-	Young Savers Account
0.15%^*	$2.5k^*	-	Health Savings Account
OTHER TIERS: 0.10% → Up to $500 \| 0.11% → $500 - $2.5k
0.10%	$50	-	Day of Deposit Savings Account
0.02%	$50	-	Club Account

First National Bank of Scotia Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%^*	$250k^*	-	Tiered Money Market Account
OTHER TIERS: 0.15% → $2.5k - $25k \| 0.25% → $25k - $100k \| 0.35% → $100k - $250k
0.15%	$2.5k	-	Money Market Account

First National Bank of Scotia Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$500	-	NOW Account

First National Bank of Scotia CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.27%	$500	-	60 Month CD
1.11%	$500	-	48 Month CD
1.00%	$500	-	20 Month CD Special
0.95%	$500	-	36 Month CD
0.82%	$500	-	24 Month CD
0.45%	$500	-	12-17 Month CD
0.25%	$2.5k	-	180-364 Day CD
0.10%	$2.5k	-	30 Day CD
0.10%	$2.5k	-	90-179 Day CD

First National Bank of Scotia IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.27%	$250	-	60 Month IRA
1.11%	$250	-	48 Month IRA
1.00%	$250	-	20 Month IRA Special
0.95%	$250	-	36 Month IRA
0.82%	$500	-	24 Month IRA
0.45%	$250	-	12-17 Month IRA
0.20%	$50	-	One Year Variable Rate IRA Savings

Locations

Cities: Clifton Park, Colonie, Glenville, Guilderland, Niskayuna, Saratoga Springs, Schenectady, Scotia

Clifton Park Branches
Clifton Park Office	1643 Rt 9	Clifton Park, NY 12065

Colonie Branches
Colonie Branch	1705 Central Avenue	Colonie, NY 12205

Glenville Branches
Glenville Branch	240 Saratoga Road	Glenville, NY 12302

Guilderland Branches
Guilderland-Westmere Branch	8 Karner Road	Guilderland, NY 12084

Niskayuna Branches
Niskayuna Branch	1476 Balltown Road	Niskayuna, NY 12309

Saratoga Springs Branches
Saratoga Branch	3013 Route 50	Saratoga Springs, NY 12866

Schenectady Branches
Ge Global Research Center	1 Research Circle, Commons 2a7	Schenectady, NY 12309
Schenectady Branch	120 Erie Boulevard	Schenectady, NY 12305
Rotterdam Branch	2695 Hamburg Street	Schenectady, NY 12303

Scotia Branches
First National Bank Of Scotia	201 Mohawk Avenue	Scotia, NY 12302

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