First National Bank of Scotia

Overview / Commentary
201 Mohawk Avenue
Scotia, NY 12302

First National Bank of Scotia is headquartered in SCOTIA and is the 68th largest bank in the state of New York. It is also the 1,426th largest bank in the nation. It was established in 1923 and as of March of 2024, it had grown to 151 employees at 10 locations. First National Bank of Scotia's money market rates are 5X the national average, and it has a B+ health rating.

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Reviews (2)

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.


Health Grade Components

FDIC Certificate #11501
Year Established1923
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD9.64%
Annual Interest Income$7.3MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$653.3MM$668.7MM
LoansQ1 2024vs Q1 2023$481.7MM$495MM
DepositsQ1 2024vs Q1 2023$590.8MM$593.9MM
Equity CapitalQ1 2024vs Q1 2023$52.3MM$46.1MM
Loan Loss AllowanceQ1 2024vs Q1 2023$5.7MM$6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$2.5MM$3.3MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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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.

First National Bank of Scotia Savings Account Rates

0.61%*$10k*-Health Savings Account
OTHER TIERS: 0.08% $0 - $500 | 0.17% $500 - $2.5k | 0.40% $2.5k - $10k
0.15%$50-Young Savers Account
0.10%$50-Day of Deposit Savings Account
0.05%$50-Club Account

First National Bank of Scotia Money Market Rates

2.01%*$1m*-Tiered Money Market Account
OTHER TIERS: 0.50% $2.5k - $25k | 1.01% $100k - $250k | 1.53% $250k - $1000k

First National Bank of Scotia Checking Account Rates

0.05%$500-NOW Account

First National Bank of Scotia CD Rates

5.01%$10k-9 Month CD Special - New Money Only
0.71%$500-60 Month CD
0.67%$500-48 Month CD
0.62%$500-36 Month CD
0.52%$500-24 Month CD
0.50%$500-1 Year CD
0.45%$2.5k-180 Day CD
0.25%$2.5k-30 Day CD
0.25%$2.5k-90 Day CD

First National Bank of Scotia IRA Rates

0.71%$250-60 Month IRA
0.67%$250-48 Month IRA
0.62%$250-36 Month IRA
0.52%$500-24 Month IRA
0.51%$50-One Year Variable Rate IRA Savings

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

Clifton Park Branches
Clifton Park Office1643 Rt 9Clifton Park, NY 12065

Colonie Branches
Colonie Branch1705 Central AvenueColonie, NY 12205

Glenville Branches
Glenville Branch240 Saratoga RoadGlenville, NY 12302

Guilderland Branches
Guilderland-Westmere Branch8 Karner RoadGuilderland, NY 12084

Niskayuna Branches
Niskayuna Branch1476 Balltown RoadNiskayuna, NY 12309

Saratoga Springs Branches
Saratoga Branch3013 Route 50Saratoga Springs, NY 12866

Schenectady Branches
Ge Global Research Center1 Research Circle, Commons 2a7Schenectady, NY 12309
Schenectady Branch120 Erie BoulevardSchenectady, NY 12305
Rotterdam Branch2695 Hamburg StreetSchenectady, NY 12303

Scotia Branches
First National Bank Of Scotia201 Mohawk AveScotia, NY 12302

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