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2131 Jericho Turnpike
Garden City Park, NY 11040

Hanover Community Bank is headquartered in Garden City Park and is the 91st largest bank in the state of New York. It is also the 1,880th largest bank in the nation. It was established in 2009 and as of September of 2016, it had grown to 40 employees at 1 location. Hanover Community Bank's savings rates are 2X the national average, and it boasts an A+ health rating.

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Reviews (1)

1.15% Rate Is Not Correct For New Customers

Posted by: ASG | Jul 6, 2016

I visited the bank based on the rate from DepositAccounts.com. The rate of 1.15% is only available for existing customers with a statement savings account. Their website under the detail description for statement savings says "The Bank is currently not accepting any new accounts". If depositaccounts.com is helping new customers find the best rates, the rate should be removed or corrected.


Health Grade Components

FDIC Certificate #58675
Year Established2009
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD6.11%
Annual Interest Income$10.3MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$362.2MM$223.5MM
LoansQ3 2016vs Q3 2015$316.0MM$194.3MM
DepositsQ3 2016vs Q3 2015$269.9MM$193.7MM
Equity CapitalQ3 2016vs Q3 2015$39.1MM$29.2MM
Loan Loss AllowanceQ3 2016vs Q3 2015$3.4MM$2.2MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$0$0
Real Estate OwnedQ3 2016vs Q3 2015$0$0
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Always verify rates and promotions with the bank or credit union. We are not Hanover Community 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.

Hanover Community Bank Savings Account Rates

2.02%*-$10kPremium Custodian Savings
OTHER TIERS: 1.00% $10k+
1.25%-$250kRelationship Savings
1.15%-$600kStatement Savings
1.00%--Custodian Savings
1.00%*$25k*-Business Savings
OTHER TIERS: 0.15% $500 - $10k | 0.35% $10k - $25k
1.00%-$600kSavings Plus
0.75%$500-Basic Savings

Hanover Community Bank Money Market Rates

0.85%*$50k*-Personal Money Market
OTHER TIERS: 0.50% $1,500 - $10k | 0.55% $10k - $25k | 0.80% $25k - $50k
0.40%*$100k*-Business Money Market
OTHER TIERS: 0.15% $5k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k

Hanover Community Bank Checking Account Rates

0.15%$500-NOW Personal
0.15%$500-Senior Checking
0.15%$500-NOW Business

Hanover Community Bank CD Rates

1.95%$500-60 Month CD
1.60%$500-48 Month CD
1.50%$500-36 Month CD
1.45%$500-30 Month CD
1.40%$500-24 Month CD
1.25%$500-18 Month CD
1.20%$500-12 Month CD
1.20%$500-13 Month CD
1.20%$500-15 Month CD
0.65%$500-6 Month CD
0.15%$500-3 Month CD

Hanover Community Bank Locations
Hanover Community Bank2131 Jericho TurnpikeGarden City Park, NY 11040