First National Bank of Scotia
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.45% | 5-year CD | 2.27% - National Average |
| 0.55% | 1-year CD | 1.37% - National Average |
| 0.05% | Savings | 2.20% - Barclays Online Savings Account |
First National Bank of Scotia is headquartered in Scotia and is the 81st largest bank in the state of New York. It is also the 1,504th largest bank in the nation. It was established in 1923 and as of December of 2018, it had grown to 139 employees at 10 locations. First National Bank of Scotia's money market rates are 25% higher than the national average, and it has a B+ health rating.
First National - A Friendly Hometown Bank
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.
Rude Managers And Fee Happy
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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 11501 |
| Year Established | 1923 |
| Employees | 139 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.59% |
| Return on Equity - YTD | 7.74% |
| Annual Interest Income | $17.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $474.4MM$463.4MM |
| Loans | Q4 2018vs Q4 2017 | $411.1MM$395.4MM |
| Deposits | Q4 2018vs Q4 2017 | $431.0MM$421.9MM |
| Equity Capital | Q4 2018vs Q4 2017 | $36.0MM$35.9MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $4.4MM$4.0MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $2.5MM$1.1MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$179.00K |
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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 | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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 | ||
| 0.05% | $50 | - | Club Account | ||
First National Bank of Scotia Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.55%* | $250k* | - | Tiered Money Market Account | ||
| OTHER TIERS: 0.15% → $2.5k - $25k | 0.32% → $25k - $100k | 0.41% → $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 | VIEW DETAILS |
|---|---|---|---|---|
| 2.27% | $10k | - | 9 Month CD Special - New Money Only | |
| 1.76% | $500 | - | 15 Month CD Special | |
| 1.45% | $500 | - | 60 Month CD | |
| 1.30% | $500 | - | 48 Month CD | |
| 1.20% | $500 | - | 36 Month CD | |
| 0.97% | $500 | - | 24 Month CD | |
| 0.55% | $500 | - | 12-17 Month CD | |
| 0.30% | $2.5k | - | 180-364 Day CD | |
| 0.15% | $2.5k | - | 30 Day CD | |
| 0.15% | $2.5k | - | 90-179 Day CD |
First National Bank of Scotia IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.76% | $500 | - | 15 Month IRA Special | |
| 1.45% | $250 | - | 60 Month IRA | |
| 1.30% | $250 | - | 48 Month IRA | |
| 1.20% | $250 | - | 36 Month IRA | |
| 0.97% | $500 | - | 24 Month IRA | |
| 0.55% | $250 | - | 12-17 Month IRA | |
| 0.20% | $50 | - | One Year Variable Rate IRA Savings |
| 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 |