First National Bank of Scotia is headquartered in Scotia and is the 67th largest bank in the state of New York. It is also the 1,349th largest bank in the nation. It was established in 1923 and as of June of 2022, it had grown to 145 employees at 10 locations. First National Bank of Scotia's money market rates are 70% higher than the national average, and it has a B+ health rating.
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.
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.
Overall | |
---|---|
FDIC Certificate # | 11501 |
Year Established | 1923 |
Employees | 145 |
Primary Regulator | OCC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.52% |
Return on Equity - YTD | 7.68% |
Annual Interest Income | $10.3MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2022vs Q2 2021 | $678.3MM$649.7MM |
Loans | Q2 2022vs Q2 2021 | $470.1MM$438.6MM |
Deposits | Q2 2022vs Q2 2021 | $624.7MM$596.6MM |
Equity Capital | Q2 2022vs Q2 2021 | $43.5MM$44.0MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $5.7MM$5.3MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $2.3MM$1.2MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not First National Bank of Scotia; 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.75%* | $250k* | - | Tiered Money Market Account | ||
OTHER TIERS: 0.35% → $2.5k - $25k | 0.51% → $25k - $100k | 0.60% → $100k - $250k | |||||
0.20% | $2.5k | - | Money Market Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $500 | - | NOW Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.60% | $250 | - | 60 Month IRA | |
0.57% | $250 | - | 48 Month IRA | |
0.53% | $250 | - | 36 Month IRA | |
0.45% | $500 | - | 24 Month IRA | |
0.40% | $250 | - | 12-17 Month IRA | |
0.30% | $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 Ave | Scotia, NY 12302 |