Reviews (1)

CD Process Overview

Posted by: klink | Jun 8, 2017

Called this AM because I could not see an on-line opening process for their CD products. A nice CSR advised me that to open E-mails are required sending forms to be printed out and returned, then wire transfers or snail mail checks sent before CD products could be obtained. As I live not far away from the branch in Charlotte I advised her that my plan was to open in person with cash and hope to leave with everything I needed to monitor the CD until maturity. The in cash at branch was acceptable. The rest was not possible. They do not let you monitor the CD accounts online nor do they send you any kind of information in regards to CD accounts. They will send you a notice of maturity at the appropriate time. Any information in regards to interest awarded or acct. balance for CD products must be obtained by telephone. All of this at 9:45 AM, 8 Jun 2017.



Health
A+

Health Grade Components

Overall
FDIC Certificate #57888
Year Established2005
Employees56
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD4.37%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$346.6MM$317.1MM
LoansQ1 2018vs Q1 2017$274.7MM$245.8MM
DepositsQ1 2018vs Q1 2017$290.1MM$265.4MM
Equity CapitalQ1 2018vs Q1 2017$39.5MM$34.3MM
Loan Loss AllowanceQ1 2018vs Q1 2017$3.4MM$3.7MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$72.00K$597.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$4.4MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not NewDominion 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.

NewDominion Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$10k*-Pursuit Savings
OTHER TIERS: 0.15% Up to $2,500 | 0.25% $2,500 - $10k
0.25%--My Piggy Bank Savings

NewDominion Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.13%*$100k*-Evolve Money Market
OTHER TIERS: 0.56% Up to $100k
1.13%*$100k*-Business Evolve Money Market
OTHER TIERS: 0.56% Up to $100k
0.70%*$100k*-Thrive Money Market
OTHER TIERS: 0.10% Up to $2,500 | 0.15% $2,500 - $10k | 0.25% $10k - $25k | 0.50% $25k - $50k | 0.60% $50k - $100k
0.55%*$100k*-Business Money Market
OTHER TIERS: 0.15% Up to $2,500 | 0.25% $2,500 - $10k | 0.30% $10k - $50k | 0.40% $50k - $100k

NewDominion Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--IOLTA Account

NewDominion Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k-60 Month Fixed Rate CD
2.00%$1k-60 Month Business CD
1.90%$1k-48 Month Fixed Rate CD
1.90%$1k-48 Month Business CD
1.80%$1k-35 Month Bump CD
1.80%$1k-35 Month Bump Business CD
1.65%$1k-23 Month Bump CD
1.65%$1k-23 Month Bump Business CD
1.50%$1k-24 Month Fixed Rate CD
1.50%$1k-24 Month Business CD
1.35%$1k-12 Month Fixed Rate CD
1.35%$1k-12 Month Business CD
1.20%$1k-36 Month Fixed Rate CD
1.20%$1k-36 Month Business CD
1.10%$1k-30 Month Fixed Rate CD
1.10%$1k-30 Month Business CD
1.00%$1k-18 Month Fixed Rate CD
1.00%$1k-18 Month Business CD
0.90%$1k-13 Month Fixed Rate CD
0.90%$1k-13 Month Business CD
0.75%$1k-9 Month Fixed Rate CD
0.75%$1k-9 Month Business CD
0.30%$1k-6 Month Fixed Rate CD
0.30%$1k-6 Month Business CD
0.25%$1k-3 Month Fixed Rate CD
0.25%$1k-3 Month Business CD

NewDominion Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-60 Month IRA
1.90%$500-48 Month IRA
1.50%$500-24 Month IRA
1.35%$500-12 Month IRA
1.20%$500-36 Month IRA
0.30%$500-6 Month IRA
0.25%$500-3 Month IRA
Locations


NewDominion Bank Locations
Mooresville Office124 Trade Court, Suite AMooresville, NC 28117
Newdominion Office1111 Metropolitan AvenueCharlotte, NC 28204

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