2. Hanover Bank

Hanover Bank

Popular Accounts at this Bank

APYACCOUNT TYPEHOW THEY COMPARE
2.90%5-year CD
3.10% - Goldman Sachs Bank USA High-yield 5 Year CDAdvertisement
2.60%18-month CD
1.60% - National Average
2.02%Savings
0.26% - National Average
View all Hanover Bank rates »

Overview / Commentary
hanoverbank.com
516-248-4868
2131 Jericho Turnpike
Garden City Park, NY 11040

Hanover Bank is headquartered in Garden City Park and is the 64th largest bank in the state of New York. It is also the 1,143rd largest bank in the nation. It was established in 2009 and as of December of 2018, it had grown to 72 employees at 3 locations. Hanover Bank's money market rates are 5X the national average, and it boasts an A+ health rating.

Related Posts

Hanover Community Bank (NY) Ups VIP Personal Money Market - 8/24/2018

Hanover Community Bank (NYC metro area) has raised the rate on its VIP Personal Money Market to 2.00% APY on balances of $2.5k+. Min opening deposit is $2.5k.

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Health
A+

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58675
Year Established2009
Employees72
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.28%
Return on Equity - YTD12.02%
Annual Interest Income$29.0MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$651.5MM$541.2MM
LoansQ4 2018vs Q4 2017$559.4MM$469.3MM
DepositsQ4 2018vs Q4 2017$468.3MM$397.6MM
Equity CapitalQ4 2018vs Q4 2017$74.4MM$57.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$6.7MM$5.3MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$0$0
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Hanover Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%*-$10kPremium Custodian Savings
OTHER TIERS: 1.00% → $10k+
1.00%*$25k*-Business Savings
OTHER TIERS: 0.15% → $500 - $10k | 0.35% → $10k - $25k
1.00%-$600kSavings Plus

Hanover Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%*$100k*-VIP Personal Money Market
OTHER TIERS: 2.00% → $2.5k - $100k
1.30%$2.5k-VIP Business Money Market

Hanover Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$500-NOW Personal Checking

Hanover Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.90%$500-60 Month CD
2.85%$500-36 Month CD
2.80%$500-24 Month CD
2.75%$500-18 Month CD
2.60%$500-15 Month CD
2.55%$500-12 Month CD
0.80%$500-6 Month CD

Hanover Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.90%$500-60 Month IRA
2.85%$500-36 Month IRA
2.80%$500-24 Month IRA
2.75%$500-18 Month IRA
2.60%$500-15 Month IRA
2.55%$500-12 Month IRA
0.80%$500-6 Month IRA
Locations


Hanover Bank Locations
Hanover Community Bank2131 Jericho TurnpikeGarden City Park, NY 11040
Forest Hills Branch71-15 Austin StreetForest Hills, NY 11375
Mineola Branch Office80 Jericho TurnpikeMineola, NY 11501
Flushing Branch Office138-35 39th AvenueFlushing, NY 11354

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