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 720th largest bank in the nation. It was established in 1960 and as of March of 2021, it had grown to 186 employees at 14 locations. Ponce Bank's money market rates are 16% higher than the national average, and it has an A 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 - YTD0.83%
Return on Equity - YTD7.95%
Annual Interest Income$15.0MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$1.42B$1.15B
LoansQ1 2021vs Q1 2020$1.23B$973.3MM
DepositsQ1 2021vs Q1 2020$1.15B$848.7MM
Equity CapitalQ1 2021vs Q1 2020$144.9MM$136.2MM
Loan Loss AllowanceQ1 2021vs Q1 2020$15.5MM$13.5MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$13.6MM$9.7MM
Real Estate OwnedQ1 2021vs Q1 2020$0$0
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* 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%--Ponce Savings

Ponce Bank Money Market Rates

0.51%--High Yield Money Market
0.20%*$50k*-Money Market
OTHER TIERS: 0.10% Up to $1.5k | 0.15% $1.5k - $50k

Ponce Bank Checking Account Rates

0.10%*$50k*-Premium Interest Checking
OTHER TIERS: 0.05% Up to $1.5k | 0.08% $1.5k - $50k
0.05%--50+ Interest Checking
0.05%--Direct Interest Checking
0.05%--Business Interest Checking

Ponce Bank CD Rates

0.60%$1k-60 Month CD
0.60%$1k-Business 60 Month CD
0.55%$1-13 Month High-Yield CD
0.50%$1k-48 Month CD
0.50%$1k-Business 48 Month CD
0.50%$1-48 Month High-Yield CD
0.45%$1k-36 Month CD
0.45%$1k-Business 36 Month CD
0.42%$1k-30 Month CD
0.42%$1k-Business 30 Month CD
0.40%$1k-24 Month CD
0.40%$1k-Business 24 Month CD
0.37%$1k-18 Month CD
0.37%$1k-Business 18 Month CD
0.35%$1k-12 Month CD
0.35%$1k-Business 12 Month CD
0.25%$500-6 Month CD
0.25%$500-Business 6 Month CD
0.25%$1-5 Month High-Yield CD
0.10%$500-3 Month CD
0.10%$500-Business 3 Month CD
0.05%$500-1 Month CD
0.05%$500-2 Month CD
0.05%$500-Business 1 Month CD
0.05%$500-Business 2 Month CD

Ponce Bank IRA Rates

0.65%$1k-60 Month IRA
0.60%$1k-48 Month IRA
0.55%$1k-36 Month IRA
0.50%$1k-24 Month IRA
0.37%$1k-18 Month IRA
0.35%$1k-12 Month IRA
0.25%$500-6 Month IRA
0.20%$500-3 Month IRA
0.15%$500-1 Month IRA
0.15%$500-2 Month IRA


New York Area

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