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 160th largest bank in the nation. It was established in 1900 and as of September 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 boasts 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.

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.

Not A Good Small Business Bank

Posted by: WM | Dec 7, 2012

I agree with Worst bank for small businesses like the other reviewer.  Hours have changed so it is difficult to make deposits before you op[en for business and they now close earlier to it is difficult to make deposits when you close your business for the day. Their overdraft fees are rediculous. If you apply for overdraft protection, you will need to read a book to apply. My credit is good, but what a pain.  My business landlord went to Sandy Spring Bank and cashed his rent check at the teller. This was a large check and the funds were available in my account when he did this.  The next day I was charged an overdraft fee on that check he cashed.  When I called the bank about this I was told that later that night another check came in which caused that fee.  I explained that if the funds were in the account when the teller cashed the check I should not be charged a fee for overdraft.  They refused to refund the fee. My husband has overdraft protection and they still charge him fees. He has called numerous times before that was corrected. Time to find another bank that cares about their customers.



Health Grade Components

FDIC Certificate #4865
Year Established1900
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.39%
Return on Equity - YTD11.29%
Annual Interest Income$238.1MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$8.02B$5.33B
LoansQ3 2018vs Q3 2017$6.37B$4.16B
DepositsQ3 2018vs Q3 2017$5.92B$3.96B
Equity CapitalQ3 2018vs Q3 2017$1.04B$541.9MM
Loan Loss AllowanceQ3 2018vs Q3 2017$50.4MM$44.9MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$42.4MM$25.0MM
Real Estate OwnedQ3 2018vs Q3 2017$2.1MM$1.4MM
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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

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
1.58%*$250k*-Premier Money Market Savings (New Money)
OTHER TIERS: 0.05% $10k - $25k | 0.40% $25k - $50k | 0.79% $50k - $100k | 1.19% $100k - $250k
1.58%*$250k*-Business Premier Money Market Savings
OTHER TIERS: 0.05% $10k - $25k | 0.40% $25k - $50k | 0.79% $50k - $100k | 1.19% $100k - $250k
0.03%--Money Market Savings
0.03%--Business Money Market Savings

Sandy Spring Bank Checking Account Rates

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

2.75%$2.5k-35 Month Bump-Up Special
2.75%$2.5k-Business 35 Month Bump-Up Special
2.55%$2.5k$1m25 Month Promotional CD
2.55%$2.5k$1mBusiness 25 Month Promotional CD
2.45%$2.5k$1m14 Month Promotional CD
2.45%$2.5k$1mBusiness 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

2.55%$10k$1m25 Month Promotional IRA
2.45%$2.5k$1m14 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


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