Ponce Bank

Overview / Commentary
2244 Westchester Avenue
Bronx, NY 10462

Ponce Bank is headquartered in Bronx and is the 49th largest bank in the state of New York. It is also the 741st largest bank in the nation. It was established in 1960 and as of September of 2019, it had grown to 187 employees at 14 locations. Ponce Bank's money market rates are 2X the national average, and it has a B+ health rating.

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Reviews (1)

Excellent bank

I deposited $20,000 dollars split up between a savings account and a three month CD. Their rates are competitive with three month CDs at 0.25 percent interest. Their savings accounts have 0.10 percent interest. These rates are slightly better than the big name banks. Everyone in this bank is competent and caring. Their checking accounts are totally free with no strings attached in terms of fees. Again, this is better than what I have seen in other big name banks. My whole family does their banking with this bank because of the above. I wholeheartedly recommend this bank to anyone looking for a good local banking institution.


Health Grade Components

FDIC Certificate #31189
Year Established1960
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD4.06%
Annual Interest Income$37.7MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$1.10B$981.1MM
LoansQ3 2019vs Q3 2018$948.5MM$893.9MM
DepositsQ3 2019vs Q3 2018$782.4MM$802.7MM
Equity CapitalQ3 2019vs Q3 2018$135.5MM$128.3MM
Loan Loss AllowanceQ3 2019vs Q3 2018$12.2MM$12.4MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$10.4MM$6.6MM
Real Estate OwnedQ3 2019vs Q3 2018$0$0
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Always verify rates and promotions with the bank or credit union. We are not Ponce 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.

Ponce Bank Savings Account Rates

0.10%--Passbook Savings
0.10%--Statement Savings
0.10%--Young Explorer Passbook or Statement Account

Ponce Bank Money Market Rates

1.00%*$50k*-Money Market
OTHER TIERS: 0.50% Up to $1.5k | 0.75% $1.5k - $50k

Ponce Bank Checking Account Rates

0.12%*$50k*-Premium Interest Checking
OTHER TIERS: 0.07% Up to $1.5k | 0.10% $1.5k - $50k
0.07%--50+ Interest Checking
0.07%--Direct Interest Checking
0.07%--Business Interest Checking

Ponce Bank CD Rates

1.85%$1k-60 Month CD
1.50%$1k-48 Month CD
1.25%$1k-36 Month CD
1.20%$1k-30 Month CD
1.10%$1k-24 Month CD
1.01%$1k-12 Month CD
0.30%$500-6 Month CD
0.25%$500-3 Month CD
0.20%$500-1 Month CD
0.20%$500-2 Month CD

Ponce Bank IRA Rates

2.11%$1k-60 Month IRA
1.60%$1k-48 Month IRA
1.35%$1k-36 Month IRA
1.20%$1k-24 Month IRA
1.06%$1k-18 Month IRA
1.01%$1k-12 Month IRA
0.40%$500-6 Month IRA
0.35%$500-3 Month IRA
0.30%$500-1 Month IRA
0.30%$500-2 Month IRA


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