Sandy Spring Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.65% | 2-year CD | 27 Month Premier CD Special 2.50% - Capital One 24 Month 360 CD |
| 2.65% | 2-year IRA | 27 Month Premier IRA Special (Traditional, Roth, CESA) 1.21% - National Average |
| 2.40% | 5-year CD | 60 Month CD |
Sandy Spring Bank is headquartered in Olney and is the 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 March of 2018, it had grown to 913 employees at 62 locations. Sandy Spring Bank's money market rates are 3X 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
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.
Not A Good Small Business Bank
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.
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4865 |
| Year Established | 1900 |
| Employees | 913 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.33% |
| Return on Equity - YTD | 11.37% |
| Annual Interest Income | $75.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $7.88B$5.19B |
| Loans | Q1 2018vs Q1 2017 | $6.04B$3.97B |
| Deposits | Q1 2018vs Q1 2017 | $5.65B$3.81B |
| Equity Capital | Q1 2018vs Q1 2017 | $1.01B$522.4MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $46.9MM$43.9MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $44.7MM$27.0MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $2.8MM$1.3MM |
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 |
|---|---|---|---|---|
| 0.05% | - | - | Simple HSA | |
| 0.05% | $25 | - | Regular Savings | |
| 0.05% | $25 | - | Business Savings | |
| 0.05% | - | - | Young Savers | |
| 0.03% | - | - | IRA Savings |
Sandy Spring Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.70% | - | - | Premier Money Market Savings - Rate During 6 Month Guarantee | ||
| 1.70% | - | - | Business Premier Money Market Savings - Rate During 6 Month Guarantee | ||
| 1.70% | - | - | Premier Money Market Savings IRA - Rate During 6 Month Guarantee | ||
| 1.41%* | $250k* | - | Premier Money Market Savings | ||
| OTHER TIERS: 0.05% → $10k - $25k | 0.35% → $25k - $50k | 0.71% → $50k - $100k | 1.06% → $100k - $250k | |||||
| 1.41%* | $250k* | - | Market Index | ||
| OTHER TIERS: 0.05% → $10k - $25k | 0.35% → $25k - $50k | 0.71% → $50k - $100k | 1.06% → $100k - $250k | |||||
| 1.41%* | $250k* | - | Business Market Index | ||
| OTHER TIERS: 0.05% → $10k - $25k | 0.35% → $25k - $50k | 0.71% → $50k - $100k | 1.06% → $100k - $250k | |||||
| 1.41%* | $250k* | - | Business Premier Money Market Savings | ||
| OTHER TIERS: 0.05% → $10k - $25k | 0.35% → $25k - $50k | 0.71% → $50k - $100k | 1.06% → $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 |
|---|---|---|---|---|
| 1.14% | $50 | - | DC IOLTA Checking | |
| 0.96% | $50 | - | Maryland IOLTA Checking | |
| 0.25% | $50 | - | Virginia IOLTA Checking | |
| 0.25% | $50 | - | MAHT Checking | |
| 0.25% | - | - | CRESPA Checking | |
| 0.20% | - | - | Escrow Management Interest | |
| 0.15% | - | - | Escrow Management Interest Public Funds | |
| 0.05% | - | - | Premier Banking | |
| 0.05% | - | - | Senior Interest Banking | |
| 0.05% | $50 | - | Business Interest Checking Account |
Sandy Spring Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.85% | $10k | - | 60 Month Premier CD Special | ||
| 2.65% | $10k | - | 27 Month Premier CD Special | ||
| 2.55% | $10k | $1m | 35 Month Promotional CD | ||
| 2.55% | $10k | $1m | Business 35 Month Promotional CD | ||
| 2.40% | $1k | - | 60 Month Business CD | ||
| 2.40% | $1k | - | 60 Month CD | ||
| 2.40% | $10k | $1m | 25 Month Promotional CD | ||
| 2.40% | $10k | $1m | Business 25 Month Promotional CD | ||
| 2.30% | $1k | - | 48 - 59 Month Business CD | ||
| 2.30% | $1k | - | 48 - 59 Month CD | ||
| 2.15% | $1k | - | 36 - 47 Month Business CD | ||
| 2.15% | $1k | - | 36 - 47 Month CD | ||
| 2.10% | $2,500 | $1m | 14 Month Promotional CD | ||
| 2.10% | $2,500 | $1m | Business 14 Month Promotional CD | ||
| 2.00% | $1k | - | 30 - 35 Month CD | ||
| 2.00% | $1k | - | 30 - 35 Month Business CD | ||
| 1.95% | $1k | - | 24 - 29 Month Business CD | ||
| 1.95% | $1k | - | 24 - 29 Month CD | ||
| 1.80% | $1k | - | 18 - 23 Month Business CD | ||
| 1.80% | $1k | - | 18 - 23 Month CD | ||
| 1.70% | $1k | - | 12 - 17 Month Business CD | ||
| 1.70% | $1k | - | 12 - 17 Month CD | ||
| 1.25% | $1k | - | 6 - 11 Month Business CD | ||
| 1.25% | $1k | - | 6 - 11 Month CD | ||
| 1.20%* | $25k* | - | 13 Month No Penalty Business CD | ||
| OTHER TIERS: 0.70% → $5k - $25k | |||||
| 1.20%* | $25k* | - | 13 Month No Penalty CD | ||
| OTHER TIERS: 0.70% → $5k - $25k | |||||
| 0.25% | $10k | - | 90 Day Business CD | ||
| 0.25% | $10k | - | 90 Day CD | ||
| 0.10% | $10k | - | 60 Day Business CD | ||
| 0.10% | $10k | - | 60 Day CD | ||
| 0.10% | $500 | - | 18 Month Investor CD | ||
| 0.05% | $10k | - | 30 Day Business CD | ||
| 0.05% | $10k | - | 30 Day CD | ||
Sandy Spring Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.85% | $10k | - | 60 Month Premier IRA Special | |
| 2.65% | $10k | - | 27 Month Premier IRA Special | |
| 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 | |
| 1.25% | $1k | - | 6 - 11 Month IRA | |
| 0.25% | $10k | - | 90 Day IRA | |
| 0.10% | $10k | - | 60 Day IRA | |
| 0.10% | $500 | - | 18 Month Investor IRA | |
| 0.05% | $10k | - | 30 Day IRA |
