Sandy Spring Bank

Overview / Commentary
17801 Georgia Avenue
Olney, MD 20832

Sandy Spring Bank is headquartered in Olney and is the 2nd largest bank in the state of Maryland. It is also the 158th largest bank in the nation. It was established in 1900 and as of June of 2019, it had grown to 920 employees at 56 locations. Sandy Spring Bank has an A+ health rating.

Related Posts

Premier Money Market, 2.10% APY - 4/17/2019

Sandy Spring Bank's Premier Money Market Savings account 2.10% APY is guaranteed for six months. "Deposit must originate from a non-Sandy Spring Bank account. This a variable rate account subject to change at any time without notice. During the first 6 months, the account will earn no less than the APY stated at account opening. Premier Money Market is only available to clients who open or maintain a Premier Banking, Private Banking or Signature Banking checking account. Offer available for a limited time. Available for IRAs."

25-Month Special 3% DC Metro Area - 2/11/2019

Sandy Spring Bank has a 25-month 3% APY special. 10K min new money, $1 million max Apparently not available online: "To get started, just stop by any of our community offices or call our Client Service Center at 800.399.5919." EWP not stated.

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I Love This Bank

I have been with Sandy spring Bank for several years. I have never had a problem, the people who work there are helpful, curtius, and always cheerful. I have both my grandchildrens account there, and we all trust, admire and depend on them. This ( sandy spring bank) is the BEST bank I have ever done bussiness with any where!! If you want a bank you can trust and feel apart of, this is it. They make you feel like family.

Tyrannical Customer Service

Posted by: Josie999 | Feb 15, 2019

The clerk at the Reston branch behaved like a man-hating tyrant. Despite multiple evidence of proof of identity she refused to recognize my ownership of an account and help me login online. She demanded IRS forms be retrieved! No, really. Arguing and providing even more ID made no difference. Fortunately, the central bank management in Maryland accepted my ID proof over the phone and helped me.

I've never in my life been subjected to such grilling and arbitrary nastiness. I could tell she liked it. She actually giggled on the phone just before I hung up.

Terrible Customer Service

Posted by: CasparG | Mar 30, 2013

The only account I have at Sandy Spring is a Health Savings Account through my company.  I don't access the account often, but when I have attempted to log-in on their website, I can find no way to do so. Sure, someone will eventually talk you through it over the phone -- if you call during regular business hours -- but the idea of making web banking difficult for your customers strikes me as negligent at best, and plain stupid at worst. I've called and written asking them to address this easy-to-fix deficiency, with zero result.  This may seem trivial, and it is, but it's an indication of how Sandy Springs Bank treats customers. Be warned.

Worst Bank In Maryland

Posted by: paulnmd | Mar 8, 2013


I have been with this bank for over 20 years with 3 different accounts. Every year they get worse, when other banks are getting better with hours and services. The bank hours are so bad I can only make the drive thru one day a week. Online service is just not up to par for 2013 and the staff are the ruddiest people they can find. Last year one of the employees either stole or sold my debit card that never got to me and stole 15K and had to fight tooth and to put it back the money in my account for over a week, they could have cared less.



The last straw to me finally changing banks was trying to cash a check and the Manager at the Aspen Hill Branch gave me such a hard time and wasted 30 minutes just trying to cash a check and wouldn't do it because it was a business check. She made me get out of my car and go to the ATM. I should thank her because that got my lazy butt in gear and change to a real bank, one that has hours and services like taking a photo of my check to cash. If you want hassles, high fees and bad hours this bank is for you.



Health Grade Components

FDIC Certificate #4865
Year Established1900
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.43%
Return on Equity - YTD10.89%
Annual Interest Income$175.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$8.39B$8.14B
LoansQ2 2019vs Q2 2018$6.55B$6.24B
DepositsQ2 2019vs Q2 2018$6.41B$5.86B
Equity CapitalQ2 2019vs Q2 2018$1.12B$1.02B
Loan Loss AllowanceQ2 2019vs Q2 2018$54.0MM$48.5MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$43.6MM$50.2MM
Real Estate OwnedQ2 2019vs Q2 2018$1.5MM$2.4MM
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Always verify rates and promotions with the bank or credit union. We are not Sandy Spring 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.

Sandy Spring Bank Savings Account Rates

0.20%--Escrow Management Interest
0.15%--Escrow Management Interest Public Funds
0.05%--Simple HSA
0.05%--Regular Savings
0.05%--Business Savings
0.05%--Young Savers
0.03%--IRA Savings

Sandy Spring Bank Money Market Rates

1.80%--Premier Money Market Savings - Rate During 6 Month Guarantee (New Money)
1.80%-$10mBusiness Premier Money Market Savings - Rate During 6 Month Guarantee (New Money)
1.80%--Premier Money Market Savings IRA - Rate During 6 Month Guarantee (New Money)
1.00%*$250k*-Premier Money Market Savings (New Money)
OTHER TIERS: 0.05% $10k - $25k | 0.21% $25k - $50k | 0.54% $50k - $100k | 0.77% $100k - $250k
0.90%*$250k*$10mBusiness Premier Money Market Savings - New Money
OTHER TIERS: 0.05% $10k - $25k | 0.16% $25k - $50k | 0.44% $50k - $100k | 0.72% $100k - $250k
0.03%--Money Market Savings
0.03%--Business Money Market Savings

Sandy Spring Bank Checking Account Rates

0.05%--Premier Banking
0.05%--Senior Interest Banking
0.05%--Business Interest Checking Account

Sandy Spring Bank CD Rates

1.65%$1$1m16 Month Special CD - New Money
1.65%$1$1mBusiness 16 Month Special CD - New Money
1.60%$2.5k-7 Month Promotional CD
1.60%$2.5k-Business 7 Month Promotional CD
1.10%$1k-Business 60 Month CD
1.10%$1k-60 Month CD
1.00%$1k-Business 48 - 59 Month CD
1.00%$1k-48 - 59 Month CD
0.95%$1k-Business 36 - 47 Month CD
0.95%$1k-36 - 47 Month CD
0.90%$1k-30 - 35 Month CD
0.90%$1k-Business 30 - 35 Month CD
0.85%$1k-Business 24 - 29 Month CD
0.85%$1k-24 - 29 Month CD
0.80%$1k-Business 18 - 23 Month CD
0.80%$1k-18 - 23 Month CD
0.70%$1k-Business 12 - 17 Month CD
0.70%*$25k*-Business 13 Month No Penalty CD
OTHER TIERS: 0.20% $5k - $25k
0.70%$1k-12 - 17 Month CD
0.70%*$25k*-13 Month No Penalty CD
OTHER TIERS: 0.20% $5k - $25k
0.50%$1k-Business 6 - 11 Month CD
0.50%$1k-6 - 11 Month CD
0.40%$10k-Business 90 Day CD
0.40%$10k-90 Day CD
0.20%$10k-Business 60 Day CD
0.20%$10k-60 Day CD
0.10%$10k-Business 30 Day CD
0.10%$10k-30 Day CD

Sandy Spring Bank IRA Rates

1.65%$1$1m16 Month Special IRA - New Money
1.60%$2.5k-7 Month Promotional IRA
1.10%$1k-60 Month IRA
1.00%$1k-48 - 59 Month IRA
0.95%$1k-36 - 47 Month IRA
0.90%$1k-30 - 35 Month IRA
0.85%$1k-24 - 29 Month IRA
0.80%$1k-18 - 23 Month IRA
0.70%*$25k*-13 Month No Penalty IRA
OTHER TIERS: 0.20% $5k - $25k
0.70%$1k-12 - 17 Month IRA
0.50%$1k-6 - 11 Month IRA
0.40%$10k-90 Day IRA
0.20%$10k-60 Day IRA
0.10%$10k-30 Day IRA


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