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Ponce Bank


Overview / Commentary
www.poncebank.com
718-863-7600
2244 Westchester Avenue
Bronx, NY 10462

Ponce Bank is headquartered in Bronx and is the 51st largest bank in the state of New York. It is also the 768th largest bank in the nation. It was established in 1960 and as of December of 2019, it had grown to 183 employees at 14 locations. Ponce Bank's money market rates are 36% higher than the national average, and it has a B+ health rating.

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Reviews (1)

Excellent bank

Posted by: |

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.

1


Health
B+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #31189
Year Established1960
Employees183
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.28%
Return on Equity - YTD-2.24%
Annual Interest Income$50.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.05B$1.06B
LoansQ4 2019vs Q4 2018$956.2MM$918.5MM
DepositsQ4 2019vs Q4 2018$801.8MM$846.7MM
Equity CapitalQ4 2019vs Q4 2018$136.6MM$130.7MM
Loan Loss AllowanceQ4 2019vs Q4 2018$12.3MM$12.7MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$11.6MM$6.8MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Ponce Savings

Ponce Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$50k*-Money Market
OTHER TIERS: 0.25% → Up to $1.5k | 0.45% → $1.5k - $50k

Ponce Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$1k-60 Month CD
1.15%$1k-Business 60 Month CD
1.05%$1k-48 Month CD
1.05%$1k-Business 48 Month CD
0.95%$1k-36 Month CD
0.95%$1k-Business 36 Month CD
0.90%$1k-30 Month CD
0.90%$1k-Business 30 Month CD
0.85%$1k-24 Month CD
0.85%$1k-Business 24 Month CD
0.80%$1k-18 Month CD
0.80%$1k-Business 18 Month CD
0.75%$1k-12 Month CD
0.75%$1k-Business 12 Month CD
0.55%$500-6 Month CD
0.55%$500-Business 6 Month CD
0.25%$500-3 Month CD
0.25%$500-Business 3 Month CD
0.20%$500-1 Month CD
0.20%$500-2 Month CD
0.20%$500-Business 1 Month CD
0.20%$500-Business 2 Month CD

Ponce Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$1k-60 Month IRA
1.15%$1k-48 Month IRA
1.06%$1k-36 Month IRA
0.95%$1k-24 Month IRA
0.80%$1k-18 Month IRA
0.75%$1k-12 Month IRA
0.55%$500-6 Month IRA
0.35%$500-3 Month IRA
0.30%$500-1 Month IRA
0.30%$500-2 Month IRA
Locations

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