Sandy Spring Bank

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.

Not Secure

My mortgage payment check was stolen/altered and cashed. It was for TIIA bank and someone by the name of Shawnte Reyfs cashed the check!!! I reported the fraud to the bank and was told, I had to Wait for 4 months for the money (over $ 2000.00) to be reimbursed. I am lucky to have the money to pay for my mortgage . But what about millions of people who may not be able to do so. First of all how in the world can something like this happen ? Second why the customers should wait so long to get reimbursed . I should add that I have been a customer of this bank for over a decade/good standing by all standards. very poor/lax security.

Terrible Customer Service

Posted by: |

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.

Tyrannical Customer Service

Posted by: |

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.



Health Grade Components

FDIC Certificate #4865
Year Established1900
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD4.41%
Annual Interest Income$311.4MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$12.67B$8.43B
LoansQ3 2020vs Q3 2019$10.25B$6.62B
DepositsQ3 2020vs Q3 2019$10.01B$6.52B
Equity CapitalQ3 2020vs Q3 2019$1.56B$1.14B
Loan Loss AllowanceQ3 2020vs Q3 2019$170.3MM$55.0MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$68.5MM$45.8MM
Real Estate OwnedQ3 2020vs Q3 2019$1.4MM$1.5MM
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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

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

Sandy Spring Bank Money Market Rates

0.20%*$250k*$10mPremier Money Market Savings (New Money)
OTHER TIERS: 0.05% $10k - $50k | 0.10% $50k - $100k | 0.15% $100k - $250k
0.20%*$250k*$10mBusiness Premier Money Market Savings - New Money
OTHER TIERS: 0.05% $10k - $100k | 0.15% $100k - $250k
0.20%--Business Premier Money Market Savings - Rate During 3 Month Guarantee (New Money)
0.20%--Premier Money Market Savings - Rate During 3 Month Guarantee (New Money)
0.20%--Premier Money Market Savings IRA - Rate During 3 Month Guarantee (New Money)
0.03%--Money Market Savings
0.03%--Business Money Market Savings

Sandy Spring Bank Checking Account Rates

0.16%--DC IOLTA Checking
0.15%--MAHT Checking
0.14%--Maryland IOLTA Checking
0.14%--Virginia IOLTA Checking
0.14%--CRESPA Checking
0.03%--Premier Banking
0.03%--Senior Interest Banking
0.03%--Business Interest Checking Account

Sandy Spring Bank CD Rates

0.30%$1k-Business 60 Month CD
0.30%$1k-60 Month CD
0.25%$1k-30 - 35 Month CD
0.25%$1k-Business 30 - 35 Month CD
0.25%$1k-Business 36 - 47 Month CD
0.25%$1k-Business 48 - 59 Month CD
0.25%$1k-36 - 47 Month CD
0.25%$1k-48 - 59 Month CD
0.25%$2.5k-7 Month Promotional CD
0.25%$2.5k-Business 7 Month Promotional CD
0.20%$1k-Business 18 - 23 Month CD
0.20%$1k-Business 24 - 29 Month CD
0.20%$1k-18 - 23 Month CD
0.20%$1k-24 - 29 Month CD
0.15%$1k-Business 12 - 17 Month CD
0.15%*$25k*-Business 13 Month No Penalty CD
OTHER TIERS: 0.05% $5k - $25k
0.15%$1k-12 - 17 Month CD
0.15%*$25k*-13 Month No Penalty CD
OTHER TIERS: 0.05% $5k - $25k
0.10%$1k-Business 6 - 11 Month CD
0.10%$1k-6 - 11 Month CD
0.05%$10k-Business 30 Day CD
0.05%$10k-Business 60 Day CD
0.05%$10k-Business 90 Day CD
0.05%$10k-30 Day CD
0.05%$10k-60 Day CD
0.05%$10k-90 Day CD

Sandy Spring Bank IRA Rates

0.30%$1k-60 Month IRA
0.25%$1k-36 - 47 Month IRA
0.25%$1k-48 - 59 Month IRA
0.25%$1k-30 - 35 Month IRA
0.25%$2.5k-7 Month Promotional IRA
0.20%$1k-18 - 23 Month IRA
0.20%$1k-24 - 29 Month IRA
0.15%*$25k*-13 Month No Penalty IRA
OTHER TIERS: 0.05% $5k - $25k
0.15%$1k-12 - 17 Month IRA
0.10%$1k-6 - 11 Month IRA
0.05%$10k-30 Day IRA
0.05%$10k-60 Day IRA
0.05%$10k-90 Day IRA


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