Featured Savings Rates
Featured Accounts

M.Y. Safra Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.41%1-year CD12 Months Jumbo Online Promo CD (New Money)
1.85%3-year CD36 Months Jumbo Online Promo CD (New Money)
1.62%2-year CD24 Months Jumbo Online Promo CD (New Money)

Overview / Commentary
410-345-2000
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 Features Online Special CDs - 3/13/2017

M.Y. Safra Bank is currently promoting three online Special CDs: 1-Year Special CD, 1.36% APY; 2-Year Special CD, 1.58% APY; and 3-Year Special CD, 1.81% APY.

Reviews (2)

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
Employees22
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-1.04%
Return on Equity - YTD-6.44%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$264.7MM$225.3MM
LoansQ4 2016vs Q4 2015$107.8MM$51.2MM
DepositsQ4 2016vs Q4 2015$224.1MM$186.0MM
Equity CapitalQ4 2016vs Q4 2015$39.6MM$38.7MM
Loan Loss AllowanceQ4 2016vs Q4 2015$919.00K$498.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$0$0
Real Estate OwnedQ4 2016vs Q4 2015$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.

M.Y. Safra Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$5k*-Personal Savings
OTHER TIERS: 0.05% Up to $5k
0.20%*$5k*-Business Savings
OTHER TIERS: 0.05% Up to $5k

M.Y. Safra Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$5k*-Personal Money Market
OTHER TIERS: 0.05% Up to $5k
0.20%*$5k*-Business Money Market
OTHER TIERS: 0.05% Up to $5k

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
2.07%$5k-60 Months Online Promo CD (New Money)
2.07%$100k-60 Months Jumbo Online Promo CD (New Money)
2.01%$5k-48 Month Online Promo CD (New Money)
2.01%$100k-48 Month Jumbo Online Promo CD (New Money)
1.85%$5k-36 Months Online Promo CD (New Money)
1.85%$100k-36 Months Jumbo Online Promo CD (New Money)
1.82%$100k-60 Months Jumbo CD
1.76%$5k-60 Months Classic CD
1.62%$5k-24 Months Online Promo CD (New Money)
1.62%$100k-24 Months Jumbo Online Promo CD (New Money)
1.56%$100k-48 Months Jumbo CD
1.51%$5k-48 Months Classic CD
1.47%$5k-18 Months Online Promo CD (New Money)
1.47%$100k-18 Months Jumbo Online Promo CD (New Money)
1.46%$100k-36 Months Jumbo CD
1.41%$5k-36 Months Classic CD
1.41%$5k-12 Months Online Promo CD (New Money)
1.41%$100k-12 Months Jumbo Online Promo CD (New Money)
1.36%$100k-24 Months Jumbo CD
1.31%$5k-24 Months Classic CD
1.11%$100k-18 Months Jumbo CD
1.06%$5k-18 Months Classic CD
0.85%$100k-12 Months Jumbo CD
0.80%$5k-12 Months Classic CD
0.80%$100k-9 Month Jumbo CD
0.75%$100k-6 Months Jumbo CD
0.75%$100k-90 Days Jumbo CD
0.75%$5k-9 Month Classic CD
0.70%$5k-90 Days Classic CD
0.70%$5k-6 Months Classic CD
0.30%$5k-30 Days Classic CD
0.30%$100k-30 Days Jumbo CD

M.Y. Safra Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.82%$100k-60 Months Jumbo IRA
1.76%$5k-60 Months Classic IRA
1.56%$100k-48 Months Jumbo IRA
1.51%$5k-48 Months Classic IRA
1.46%$100k-36 Months Jumbo IRA
1.41%$5k-36 Months Classic IRA
1.36%$100k-24 Months Jumbo IRA
1.31%$5k-24 Months Classic IRA
1.11%$100k-18 Months Jumbo IRA
1.06%$5k-18 Months Classic IRA
0.85%$100k-12 Months Jumbo IRA
0.80%$5k-12 Months Classic IRA
0.80%$100k-9 Month Jumbo IRA
0.75%$100k-6 Months Jumbo IRA
0.75%$5k-9 Month Classic IRA
0.70%$5k-6 Months Classic IRA
Locations


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