Featured Savings Rates
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M.Y. Safra Bank

Popular Accounts at this Bank

2.29%1-year CD12 Month Online Promo CD (New Money)
2.65%3-year CD36 Month Online Promo CD (New Money)
2.56%2-year CD24 Month Online Promo CD (New Money)

Overview / Commentary
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 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.

M.Y. Safra Bank Ups All Online Promo CD Rates - 2/28/2018

M.Y. Safra Bank has raised the rates on its Online Promo CDs, with the 36-month (2.31% APY) and 48-month (2.55% APY) the competitive. Minimum deposit is $5k.

M.Y. Safra Bank Increases Online Promo CD Rates - 1/18/2018

M.Y. Safra has upped its Online Promo CDs rates: 12-month (1.90% APY), 18-month (2.06% APY), 24-month (2.02% APY), 36-month (2.32% APY). Min deposit is $5k 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 Grade Components

FDIC Certificate #35154
Year Established2000
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-1.04%
Return on Equity - YTD-7.4%
Annual Interest Income$7.9MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$295.8MM$264.7MM
LoansQ4 2017vs Q4 2016$199.5MM$107.8MM
DepositsQ4 2017vs Q4 2016$253.8MM$224.1MM
Equity CapitalQ4 2017vs Q4 2016$40.0MM$39.6MM
Loan Loss AllowanceQ4 2017vs Q4 2016$2.3MM$919.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$12.00K$0
Real Estate OwnedQ4 2017vs Q4 2016$0$0
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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

1.00%*$100k*-Business Savings
OTHER TIERS: 0.50% Up to $100k
0.75%*$100k*-Personal Savings
OTHER TIERS: 0.25% Up to $100k

M.Y. Safra Bank Money Market Rates

1.26%*-$500kMYSB Direct Online Money Market
OTHER TIERS: 0.20% $500k+
1.00%*$100k*-Business Money Market
OTHER TIERS: 0.50% Up to $100k
0.75%*$100k*-Personal Money Market
OTHER TIERS: 0.25% Up to $100k

M.Y. Safra Bank Checking Account Rates

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

M.Y. Safra Bank CD Rates

3.06%$5k-60 Month Online Promo CD (New Money)
2.70%$100k-60 Month Jumbo CD
2.65%$5k-60 Month Classic CD
2.65%$5k-36 Month Online Promo CD (New Money)
2.57%$5k-48 Month Online Promo CD (New Money)
2.56%$5k-24 Month Online Promo CD (New Money)
2.40%$100k-48 Month Jumbo CD
2.35%$5k-48 Month Classic CD
2.35%$100k-36 Month Jumbo CD
2.30%$5k-36 Month Classic CD
2.29%$5k-12 Month Online Promo CD (New Money)
2.21%$5k-18 Month Online Promo CD (New Money)
2.15%$100k-24 Month Jumbo CD
2.10%$5k-24 Month Classic CD
1.75%$100k-12 Month Jumbo CD
1.75%$5k-6 Month Online Promo CD
1.70%$5k-12 Month Classic CD
1.65%$100k-18 Month Jumbo CD
1.60%$5k-18 Month Classic CD
1.55%$5k-3 Month Online Promo (New Money)
1.35%$100k-9 Month Jumbo CD
1.30%$5k-9 Month Classic CD
1.25%$100k-6 Month Jumbo CD
1.20%$5k-6 Month Classic CD
1.15%$100k-90 Day Jumbo CD
1.10%$5k-90 Day Classic CD
0.75%$5k-30 Day Classic CD
0.75%$100k-30 Day Jumbo CD

M.Y. Safra Bank IRA Rates

2.70%$100k-60 Month Jumbo IRA
2.65%$5k-60 Month Classic IRA
2.40%$100k-48 Month Jumbo IRA
2.35%$5k-48 Month Classic IRA
2.35%$100k-36 Month Jumbo IRA
2.30%$5k-36 Month Classic IRA
2.15%$100k-24 Month Jumbo IRA
2.10%$5k-24 Month Classic IRA
1.75%$100k-12 Month Jumbo IRA
1.70%$5k-12 Month Classic IRA
1.65%$100k-18 Month Jumbo IRA
1.60%$5k-18 Month Classic IRA
1.35%$100k-9 Month Jumbo IRA
1.30%$5k-9 Month Classic IRA
1.25%$100k-6 Month Jumbo IRA
1.20%$5k-6 Month Classic IRA

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

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