Ponce Bank

Overview / Commentary
2244 Westchester Avenue
Bronx, NY 10462

Ponce Bank is headquartered in Bronx and is the 44th largest bank in the state of New York. It is also the 666th largest bank in the nation. It was established in 1960 and as of March of 2022, it had grown to 225 employees at 14 locations. Ponce Bank's money market rates are 4X the national average, and it has an A health rating.

Reviews (3)

Excellent Experience

Posted by: |

I have opened account with them using the website SaveBetter.com and I experienced no problems no issues just nice customer service reps!

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.

Stay Away!!

Posted by: |

Very sketchy bank under the Savebetter platform. Really rude customer service. I'd be worried a lot depositing any money there. The fact they are offering high rates is kind of worrisome, if not suspicious. They are running without any supervision and they should be checked out by the authorities.


Health Grade Components

FDIC Certificate #31189
Year Established1960
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.42%
Return on Equity - YTD-3.27%
Annual Interest Income$19.0MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$1.59B$1.42B
LoansQ1 2022vs Q1 2021$1.31B$1.23B
DepositsQ1 2022vs Q1 2021$1.23B$1.15B
Equity CapitalQ1 2022vs Q1 2021$244.3MM$144.9MM
Loan Loss AllowanceQ1 2022vs Q1 2021$16.9MM$15.5MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$16.0MM$13.6MM
Real Estate OwnedQ1 2022vs Q1 2021$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%--Ponce Savings

Ponce Bank Money Market Rates

1.75%--Money Market Deposit Account - via by SaveBetter
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

1.61%$1-48 Month High-Yield CD via SaveBetter
1.31%$1-13 Month High-Yield CD via SaveBetter
1.21%$1-11 Month High-Yield CD via SaveBetter
1.05%$1k-60 Month CD
1.05%$1k-Business 60 Month CD
0.95%$1k-48 Month CD
0.95%$1k-Business 48 Month CD
0.90%$1k-36 Month CD
0.90%$1k-Business 36 Month CD
0.80%$1k-30 Month CD
0.80%$1k-Business 30 Month CD
0.75%$1k-24 Month CD
0.75%$1k-Business 24 Month CD
0.65%$1k-18 Month CD
0.65%$1k-Business 18 Month CD
0.60%$1k-12 Month CD
0.60%$1k-Business 12 Month CD
0.35%$500-6 Month CD
0.35%$500-Business 6 Month CD
0.20%$500-3 Month CD
0.20%$500-Business 3 Month CD
0.10%$500-1 Month CD
0.10%$500-2 Month CD
0.10%$500-Business 1 Month CD
0.10%$500-Business 2 Month CD

Ponce Bank IRA Rates

1.10%$1k-60 Month IRA
1.05%$1k-48 Month IRA
1.00%$1k-36 Month IRA
0.85%$1k-24 Month IRA
0.65%$1k-18 Month IRA
0.60%$1k-12 Month IRA
0.35%$500-6 Month IRA
0.20%$500-3 Month IRA
0.10%$500-1 Month IRA
0.10%$500-2 Month IRA


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