Overview / Commentary
212-652-7200
499 Park Avenue
New York, NY 10022

M.Y. Safra Bank, FSB was originally established in 2000 as T. Rowe Price Savings Bank. In 2013, the bank changed its name to M.Y. Safra Bank, and moved its headquarters from Baltimore, MD to New York, NY.

M.Y. Safra Bank offers its banking customers a variety of deposit products. These include personal checking accounts, personal savings accounts, personal money market accounts, and Certificates of Deposit (CDs). On the business side, M.Y. Safra Bank provides business checking accounts, business savings accounts, business money market accounts, and CDs. Customers are provided with access to online banking, bill pay, ATM, and debit cards.

The bank provides both interest and non-interest-bearing checking accounts, with interest-bearing accounts yielding higher rates for larger account balances. As for savings and money market accounts, at the time of this writing, the bank offers two interest rate tiers, depending upon account balance.

CD terms range from 7 days to 5 years and longer, and customers have the option of selecting custom terms with custom interest rates. “Jumbo” CDs, which requires large initial deposits, are also available.

In addition to these deposit accounts, the bank also provides various personal lending services, including mortgages and lines of credit. M.Y. Safra also offers its customers access to currency conversion and purchasing gold coins.

Related Posts

M.Y. Safra Bank 5 Year CD Rate Hike. - 9/5/2018

M.Y. Safra Bank upped the APY on its' 5year CD (from 3.01%) to 3.25% today; friendly EWP=90 days. 12mo CD APY=2.63% 36mo CD APY=3.00%.

M.Y. Safra Bank Ups 12-Month Online Promo CD APY - 7/21/2018

M.Y. Safra has raised the rate on its nationally available 12-month Online Promo CD to 2.51% APY. Can be opened with a minimum deposit is $5k of new money.

M.Y. Safra Bank Ups 12- and 60-Month Online Promo CDs - 4/26/2018

M.Y. Safra Bank has raised the rates on two of its Online Promo CDs: 12-month (2.21% APY) and 60-month (2.88% APY). Minimum deposit is $5 of new money.

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Reviews (3)

So Easy................

Posted by: Abbie | Sep 27, 2017

I recently opened a CD at Safra. Could not have been easier. Added bonus.they dont hold your money while you wait for them to verify your account by making small deposits in your funding account at your external bank. Everything was done in 2 days! Fantastic!

Great Bank

Posted by: mankiewitz | Jan 4, 2017

Great personal touch from the Branch Manager. He made me feel comfortable and guided me with my banking needs during a process that other banks made difficult. I would highly recommend the bank and the team to anyone that's looking for great service.

Poor Client Relations . Inconsistent Staff Explanations.

I have been trying to withdraw a CD from this bank for at least 5 weeks. I have been my request was lost in the mail and then lost faxes . I requested the money be sent overnight, secured and tracked. I was told the check was cut and mailed one week ago. Apparently, it's a lost item again!
I have lost trust and respect from this unprofessional group and will be moving my assets..



Health
A+

Health Grade Components

Overall
FDIC Certificate #35154
Year Established2000
Employees24
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.09%
Return on Equity - YTD0.82%
Annual Interest Income$5.7MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$382.6MM$279.5MM
LoansQ2 2018vs Q2 2017$192.8MM$134.0MM
DepositsQ2 2018vs Q2 2017$340.9MM$233.6MM
Equity CapitalQ2 2018vs Q2 2017$39.2MM$38.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$2.2MM$1.6MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$35.00K$0
Real Estate OwnedQ2 2018vs Q2 2017$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

M.Y. Safra Bank 5 Year CD Rate Hike.

cumulus   |  
M.Y. Safra Bank upped the APY on its' 5year CD (from 3.01%) to 3.25% today; friendly EWP=90 days.
12mo CD APY=2.63%
36mo CD APY=3.00%.

Rates
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Always verify rates and promotions with the bank or credit union. We are not M.Y. Safra 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.

M.Y. Safra Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$100k*-Personal Savings
OTHER TIERS: 0.25% Up to $100k

M.Y. Safra Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.01%*-$500kMYSB Direct Online Money Market
OTHER TIERS: 1.75% $500k+
2.01%$5k$1mHigh Yield Money Market
0.75%*$100k*-Personal Money Market
OTHER TIERS: 0.25% Up to $100k

M.Y. Safra Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$250k*-Personal Interest Checking
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $250k

M.Y. Safra Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.30%$1k-60 Month Online Promo CD
3.30%$1k-72 Month Online Promo CD
3.25%$1k-36 Month Online Promo CD
3.25%$100k-84 Month Jumbo CD
3.25%$1k-48 Month Online Promo CD
3.20%$5k-84 Month Classic CD
2.95%$100k-60 Month Jumbo CD
2.90%$5k-60 Month Classic CD
2.80%$1k-24 Month Online Promo CD
2.70%$1k-18 Month Online Promo CD
2.65%$100k-48 Month Jumbo CD
2.65%$500-12 Month Online Promo CD
2.60%$5k-48 Month Classic CD
2.60%$100k-36 Month Jumbo CD
2.55%$5k-36 Month Classic CD
2.40%$100k-24 Month Jumbo CD
2.35%$5k-24 Month Classic CD
2.20%$100k-18 Month Jumbo CD
2.15%$5k-18 Month Classic CD
2.03%$1k-6 Month Online Promo CD
2.00%$100k-12 Month Jumbo CD
1.95%$5k-12 Month Classic CD
1.75%$100k-9 Month Jumbo CD
1.70%$5k-9 Month Classic CD
1.61%$1k-3 Month Online Promo CD
1.50%$100k-6 Month Jumbo CD
1.45%$5k-6 Month Classic CD
1.25%$100k-90 Day Jumbo CD
1.20%$5k-90 Day Classic CD
1.00%$100k-30 Day Jumbo CD
0.95%$5k-30 Day Classic CD

M.Y. Safra Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%$100k-84 Month Jumbo IRA
3.20%$5k-84 Month Classic IRA
2.95%$100k-60 Month Jumbo IRA
2.90%$5k-60 Month Classic IRA
2.65%$100k-48 Month Jumbo IRA
2.60%$5k-48 Month Classic IRA
2.60%$100k-36 Month Jumbo IRA
2.55%$5k-36 Month Classic IRA
2.40%$100k-24 Month Jumbo IRA
2.35%$5k-24 Month Classic IRA
2.20%$100k-18 Month Jumbo IRA
2.15%$5k-18 Month Classic IRA
2.00%$100k-12 Month Jumbo IRA
1.95%$5k-12 Month Classic IRA
1.75%$100k-9 Month Jumbo IRA
1.70%$5k-9 Month Classic IRA
1.50%$100k-6 Month Jumbo IRA
1.45%$5k-6 Month Classic IRA
Locations


M.Y. Safra Bank Locations
T. Rowe Price Savings Bank499 Park AvenueNew York, NY 10022

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