Friends Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.85% | 5-year CD | 60 Month CD 2.35% - Synchrony Bank 60 Month CD |
| 0.35% | 1-year CD | 12 Month CD 1.40% - Synchrony Bank 12 Month CD |
| 0.10% | Savings | Friends Sensible Savings Account |
Friends Bank is headquartered in New Smyrna Beach and is the 126th largest bank in the state of Florida. It is also the 4,241st largest bank in the nation. It was established in 2000 and as of March of 2017, it had grown to 28 employees at 3 locations. Friends Bank has a C+ health rating.
Related Posts
Customer Servicw
If you are tired of the BIG Bank BS, visit Friends Bank, you will leave there feeling like a King!!!!!!! It is what you expect from a Bank, Royal treatment.
A Friendly Place To Bank
I have been a bank customer of this bank for better than 18 months and I must say this bank treats you like a real person. If you live in the Eastern Volusia county area this is the Bank!!!! Friendly and always ready to help you. The way banking was ment to be!!!!!!!!!!!!
Very nice
I love the bank and I have always been around it sense my grandmother has been going there for a long time. The ladies are great! They are so welcoming everytime i would deposit money and I love smiling faces and lollipops. I am great to be at the bank and i wouldnt change a thing!
Theft By Policy
If you plan on dealing with Friends Bank in New Smyrna Beach, Florida,I have one piece of advice, don't!
In my opinion, they use antiquated methods of reporting and communicating, not to mention a pervese sense of customer service!
The result is when you are not informed in a timely manner; of an impending penalty, on say a CD that you have had with them for five years! That's right, you get slammed! Their excuse, "It's Policy"!
That's right their policy is to only use snail mail to inform you a CD is about to mature! No E-mail, No Fax, No Phone call and 6 months of interest now belongs to them! Ouch! "Sorry, Our Policy"!
The folks that run this bank are rank amatuers at best, don't take my opinion as fact, just look at their ratings and financials!
If you deal with them, good luck or should I say Caveat Emptor"
Friends Bank is no friend of mine!
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35376 |
| Year Established | 2000 |
| Employees | 28 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.56% |
| Return on Equity - YTD | 6.74% |
| Annual Interest Income | $943.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $106.3MM$105.0MM |
| Loans | Q1 2017vs Q1 2016 | $67.8MM$66.4MM |
| Deposits | Q1 2017vs Q1 2016 | $97.6MM$96.8MM |
| Equity Capital | Q1 2017vs Q1 2016 | $8.6MM$7.8MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $1.4MM$1.3MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $184.00K$482.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $4.4MM$6.0MM |
Always verify rates and promotions with the bank or credit union. We are not Friends Bank; 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.
Friends Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Christmas Cash Account | |
| 0.10% | - | - | Young Friends Savings Account | |
| 0.10% | $100 | - | Friends Sensible Savings Account |
Friends Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $100k* | - | Friends Business Advantage Money Market | ||
| OTHER TIERS: 0.10% → $1k - $25k | 0.15% → $25k - $50k | 0.20% → $50k - $100k | |||||
Friends Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $100k* | - | Friends Treasure Account | ||
| OTHER TIERS: 0.10% → $1k - $25k | 0.15% → $25k - $50k | 0.20% → $50k - $100k | |||||
| 0.10%* | $25k* | - | Friends Merit Account | ||
| OTHER TIERS: 0.05% → Up to $25k | |||||
| 0.10%* | $25k* | - | Friends Choice Checking Account | ||
| OTHER TIERS: 0.05% → Up to $25k | |||||
| 0.10%* | $25k* | - | Friends IOTA Account | ||
| OTHER TIERS: 0.05% → Up to $25k | |||||
Friends Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.85% | $1k | - | 60 Month CD | |
| 0.75% | $1k | - | 48 Month CD | |
| 0.65% | $1k | - | 36 Month CD | |
| 0.60% | $5k | - | 30 Month Advantage CD | |
| 0.50% | $1k | - | 24 Month CD | |
| 0.40% | $5k | - | 18 Month Advantage CD | |
| 0.35% | $500 | - | 12 Month CD | |
| 0.15% | $2k | - | 6 Month CD | |
| 0.10% | $2k | - | 90 Day CD |
Friends Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.85% | $1k | - | 60 Month IRA | |
| 0.75% | $1k | - | 48 Month IRA | |
| 0.65% | $1k | - | 36 Month IRA | |
| 0.60% | $1k | - | 30 Month Advantage IRA | |
| 0.50% | $1k | - | 24 Month IRA | |
| 0.40% | $1k | - | 18 Month Advantage IRA | |
| 0.35% | $1k | - | 12 Month IRA | |
| 0.15% | $1k | - | 6 Month IRA |
| Friends Bank Locations | ||
|---|---|---|
| Edgewater Office | 1504 South Ridgewood Avenue | Edgewater, FL 32132 |
| Ormond Beach Branch | 208 South Nova Road | Ormond Beach, FL 32174 |
| Friends Bank | 2222 State Road 44 | New Smyrna Beach, FL 32168 |