Santander Bank, N.A is headquartered in WILMINGTON and is the 4th largest bank in the state of Delaware. It is also the 32nd largest bank in the nation. It was established in 1907 and as of March of 2023, it had grown to 7,361 employees at 473 locations. Santander Bank, N.A's CD rates are 6X the national average, and it has a B+ health rating.
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SANTANDER TO END EXTRA20 PROGRAM
Recieved Mailer Notice dated 4.18.2016 - We are discontinuing extra20® checking and extra20® savings accounts. On July 1, 2016, your extra20® checking account will automatically change to a Simply Right Checking account and your extra20® savings account will automatically change to a Santander Savings account.
I have enjoyed this account and give Santander high marks for their bill pay service.
I wanted to let readers, who have a Santander Extra20® account, know that these changes are scheduled. For some reason I could not write a post under bank deals/rates.
Convenient Locations
I've been with this bank for the past seven (7) years, with a few different accounts. I have never run into any problems with them, even through the inevitable changes that all banks tend to make to their policies. If anything they were a little too proactive in letting its members know of changes that were occurring and explaining what to expect. Their customer service has always been friendly and helpful. I always enjoy my experience when I do have to venture inside of the actual bank. In my area there are a good amount of branch buildings as well as ATMs in every CVS, which is a plus if I need cash quick. I would definitely recommend this bank to anyone.
Have To Keep Opening New Accounts To Get Advertised Rate
They will give you advertised rate . It will decrease within six months. When you notice rate has decreased ( They hope you will not notice) you call the service center. Service center can not give advertised rate. You go to branch. Branch manager will close your account and open new one to give you advertised rate again.You have to repeat it every few months.
Should Not Be Listed On Depositaccounts.Com
This bank does not offer online cd's. From their website "Certificates of Deposit and Individual Retirement Accounts can only be opened in branch. "
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29950 |
| Year Established | 1907 |
| Employees | 7361 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.06% |
| Return on Equity - YTD | 0.57% |
| Annual Interest Income | $1.01B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $105.3B$95.90B |
| Loans | Q1 2023vs Q1 2022 | $59.06B$52.33B |
| Deposits | Q1 2023vs Q1 2022 | $76.44B$75.22B |
| Equity Capital | Q1 2023vs Q1 2022 | $11.31B$11.58B |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $1.40B$997.5MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $366.3MM$451.5MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $4.4MM$4.3MM |
