Sandy Spring Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.40% | 5-year CD | |
| 1.20% | 1-year CD | |
| 0.05% | Savings | 2.20% - Barclays Online Savings Account |
Sandy Spring Bank is headquartered in Olney and is the 2nd largest bank in the state of Maryland. It is also the 159th largest bank in the nation. It was established in 1900 and as of December of 2018, it had grown to 910 employees at 56 locations. Sandy Spring Bank's CD rates are 89% higher than the national average, and it has an A health rating.
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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
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
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
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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4865 |
| Year Established | 1900 |
| Employees | 910 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.36% |
| Return on Equity - YTD | 10.96% |
| Annual Interest Income | $323.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $8.23B$5.44B |
| Loans | Q4 2018vs Q4 2017 | $6.54B$4.28B |
| Deposits | Q4 2018vs Q4 2017 | $5.94B$3.97B |
| Equity Capital | Q4 2018vs Q4 2017 | $1.07B$541.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $53.5MM$45.3MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $52.6MM$22.7MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $1.6MM$2.3MM |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
25-Month Special 3% DC Metro Area
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.
https://www.sandyspringbank.com/personal/banking/savings/certificate-of-deposit/25-month-cd-special?utm_source=ssbcdspecial25month
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.10% | - | - | Premier Money Market Savings - Rate During 6 Month Guarantee | ||
| 2.10% | - | - | Business Premier Money Market Savings - Rate During 6 Month Guarantee | ||
| 2.10% | - | - | Premier Money Market Savings IRA - Rate During 6 Month Guarantee | ||
| 1.57%* | $250k* | - | Premier Money Market Savings (New Money) | ||
| OTHER TIERS: 0.05% → $10k - $25k | 0.39% → $25k - $50k | 0.79% → $50k - $100k | 1.18% → $100k - $250k | |||||
| 1.49%* | $250k* | - | Business Premier Money Market Savings | ||
| OTHER TIERS: 0.05% → $10k - $25k | 0.37% → $25k - $50k | 0.75% → $50k - $100k | 1.12% → $100k - $250k | |||||
| 0.03% | - | - | Money Market Savings | ||
| 0.03% | - | - | Business Money Market Savings | ||
Sandy Spring Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.63% | - | - | DC IOLTA Checking | |
| 1.38% | - | - | Maryland IOLTA Checking | |
| 0.25% | - | - | Virginia IOLTA Checking | |
| 0.25% | - | - | MAHT Checking | |
| 0.25% | - | - | CRESPA Checking | |
| 0.05% | - | - | Premier Banking | |
| 0.05% | - | - | Senior Interest Banking | |
| 0.05% | - | - | Business Interest Checking Account |
Sandy Spring Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.65% | $2.5k | $1m | 25 Month Promotional CD | ||
| 2.65% | $2.5k | $1m | Business 25 Month Promotional CD | ||
| 2.65% | $2.5k | - | 35 Month Bump-Up Special | ||
| 2.65% | $2.5k | - | Business 35 Month Bump-Up Special | ||
| 2.45% | $2.5k | $1m | 14 Month Promotional CD | ||
| 2.45% | $2.5k | $1m | Business 14 Month Promotional CD | ||
| 2.40% | $1k | - | Business 60 Month CD | ||
| 2.40% | $1k | - | 60 Month CD | ||
| 2.30% | $1k | - | Business 48 - 59 Month CD | ||
| 2.30% | $1k | - | 48 - 59 Month CD | ||
| 2.15% | $1k | - | Business 36 - 47 Month CD | ||
| 2.15% | $1k | - | 36 - 47 Month CD | ||
| 2.00% | $1k | - | 30 - 35 Month CD | ||
| 2.00% | $1k | - | Business 30 - 35 Month CD | ||
| 1.95% | $1k | - | Business 24 - 29 Month CD | ||
| 1.95% | $1k | - | 24 - 29 Month CD | ||
| 1.80% | $1k | - | Business 18 - 23 Month CD | ||
| 1.80% | $1k | - | 18 - 23 Month CD | ||
| 1.70% | $1k | - | Business 12 - 17 Month CD | ||
| 1.70% | $1k | - | 12 - 17 Month CD | ||
| 1.30% | $1k | - | Business 6 - 11 Month CD | ||
| 1.30% | $1k | - | 6 - 11 Month CD | ||
| 1.25% | $10k | - | Business 90 Day CD | ||
| 1.25% | $10k | - | 90 Day CD | ||
| 1.20%* | $25k* | - | Business 13 Month No Penalty CD | ||
| OTHER TIERS: 0.70% → $5k - $25k | |||||
| 1.20%* | $25k* | - | 13 Month No Penalty CD | ||
| OTHER TIERS: 0.70% → $5k - $25k | |||||
| 0.70% | $10k | - | Business 60 Day CD | ||
| 0.70% | $10k | - | 60 Day CD | ||
| 0.60% | $10k | - | Business 30 Day CD | ||
| 0.60% | $10k | - | 30 Day CD | ||
Sandy Spring Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.65% | $10k | $1m | 25 Month Promotional IRA | ||
| 2.45% | $2.5k | $1m | 14 Month Promotional IRA | ||
| 2.40% | $1k | - | 60 Month IRA | ||
| 2.30% | $1k | - | 48 - 59 Month IRA | ||
| 2.15% | $1k | - | 36 - 47 Month IRA | ||
| 2.00% | $1k | - | 30 - 35 Month IRA | ||
| 1.95% | $1k | - | 24 - 29 Month IRA | ||
| 1.80% | $1k | - | 18 - 23 Month IRA | ||
| 1.70% | $1k | - | 12 - 17 Month IRA | ||
| 1.30% | $1k | - | 6 - 11 Month IRA | ||
| 1.25% | $10k | - | 90 Day IRA | ||
| 1.20%* | $25k* | - | 13 Month No Penalty IRA | ||
| OTHER TIERS: 0.70% → $5k - $25k | |||||
| 0.70% | $10k | - | 60 Day IRA | ||
| 0.60% | $10k | - | 30 Day IRA | ||
