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.

Tyrannical Customer Service

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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

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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: |


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 - YTD1.42%
Return on Equity - YTD10.53%
Annual Interest Income$347.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$8.62B$8.23B
LoansQ4 2019vs Q4 2018$6.70B$6.54B
DepositsQ4 2019vs Q4 2018$6.53B$5.94B
Equity CapitalQ4 2019vs Q4 2018$1.24B$1.07B
Loan Loss AllowanceQ4 2019vs Q4 2018$56.1MM$53.5MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$45.9MM$52.6MM
Real Estate OwnedQ4 2019vs Q4 2018$1.5MM$1.6MM
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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

0.10%--Escrow Management Interest
0.05%--Escrow Management Interest Public Funds
0.03%--Simple HSA
0.03%--Regular Savings
0.03%--Business Savings
0.03%--IRA Savings
0.03%--Young Savers

Sandy Spring Bank Money Market Rates

0.50%*-$250kPremier Money Market Savings - Rate During 3 Month Guarantee (New Money)
OTHER TIERS: 0.25% $250k+
0.50%*-$250kPremier Money Market Savings IRA - Rate During 3 Month Guarantee (New Money)
OTHER TIERS: 0.25% $250k+
0.40%*-$250kBusiness Premier Money Market Savings - Rate During 3 Month Guarantee (New Money)
OTHER TIERS: 0.25% $250k+
0.25%*$250k*-Premier Money Market Savings (New Money)
OTHER TIERS: 0.05% $10k - $50k | 0.15% $50k - $100k | 0.20% $100k - $250k
0.25%*$250k*$10mBusiness Premier Money Market Savings - New Money
OTHER TIERS: 0.05% $10k - $50k | 0.10% $50k - $100k | 0.20% $100k - $250k
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

0.50%$1$1m16 Month Special CD - New Money
0.50%$1$1mBusiness 16 Month Special CD - New Money
0.45%$1k-Business 60 Month CD
0.45%$1k-60 Month CD
0.45%$2.5k-7 Month Promotional CD
0.45%$2.5k-Business 7 Month Promotional CD
0.35%$1k-Business 48 - 59 Month CD
0.35%$1k-48 - 59 Month CD
0.30%$1k-30 - 35 Month CD
0.30%$1k-Business 30 - 35 Month CD
0.30%$1k-Business 36 - 47 Month CD
0.30%$1k-36 - 47 Month CD
0.25%$1k-Business 18 - 23 Month CD
0.25%$1k-Business 24 - 29 Month CD
0.25%$1k-18 - 23 Month CD
0.25%$1k-24 - 29 Month CD
0.20%$1k-Business 12 - 17 Month CD
0.20%$1k-12 - 17 Month CD
0.15%$1k-Business 6 - 11 Month CD
0.15%*$25k*-Business 13 Month No Penalty CD
OTHER TIERS: 0.05% $5k - $25k
0.15%$1k-6 - 11 Month CD
0.15%*$25k*-13 Month No Penalty CD
OTHER TIERS: 0.05% $5k - $25k
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

0.50%$1$1m16 Month Special IRA - New Money
0.45%$1k-60 Month IRA
0.45%$2.5k-7 Month Promotional IRA
0.35%$1k-48 - 59 Month IRA
0.30%$1k-36 - 47 Month IRA
0.30%$1k-30 - 35 Month IRA
0.25%$1k-18 - 23 Month IRA
0.25%$1k-24 - 29 Month IRA
0.20%$1k-12 - 17 Month IRA
0.15%*$25k*-13 Month No Penalty IRA
OTHER TIERS: 0.05% $5k - $25k
0.15%$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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