Savoy Bank

Overview / Commentary

www.savoybank.com

646-775-4000

600 Fifth Avenue
New York, NY 10020

Savoy Bank is headquartered in New York and is the 69^th largest bank in the state of New York. It is also the 1,315^th largest bank in the nation. It was established in 2008 and as of March of 2021, it had grown to 46 employees at 1 location. Savoy Bank has a B+ health rating.

View all posts from:

2009
2008

12/12 - 2.60% Reward Checking Account with $100K Balance Cap at Savoy Bank in NYC - Local Only

4/15 - 3.67% 12-Month / 3.56% 6-Month CD at a New York City Bank (Savoy)
3/18 - 4.71% 12-Month CD at a New York City Bank (Savoy).

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Health

B+

Data as of Q1 2021

Capitalization grade does not factor in PPP loans and the use of the PPP Liquidity Facility.

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	58641
Year Established	2008
Employees	46
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.88%
Return on Equity - YTD	25.57%
Annual Interest Income	$7.1MM

Assets and Liabilities
Assets	Q1 2021vs Q1 2020	$691.6MM$397.5MM
Loans	Q1 2021vs Q1 2020	$592.2MM$336.2MM
Deposits	Q1 2021vs Q1 2020	$365.3MM$340.0MM
Equity Capital	Q1 2021vs Q1 2020	$49.1MM$41.6MM
Loan Loss Allowance	Q1 2021vs Q1 2020	$8.4MM$5.7MM
Unbacked Noncurrent Loans	Q1 2021vs Q1 2020	$5.5MM$3.2MM
Real Estate Owned	Q1 2021vs Q1 2020	$1.5MM$1.5MM

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Savoy 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.

Savoy Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%^*	$100k^*	-	Business Savings
OTHER TIERS: 0.10% → $25 - $10k \| 0.20% → $10k - $100k
0.35%^*	$100k^*	-	Personal Savings
OTHER TIERS: 0.10% → $25 - $10k \| 0.20% → $10k - $100k
0.15%	-	-	Attorney Escrow/IOLA
0.10%	-	-	Rental Security Escrow

Savoy Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%^*	$100k^*	-	Money Market
OTHER TIERS: 0.10% → $500 - $10k \| 0.20% → $10k - $100k
0.35%^*	$100k^*	-	Business Money Market
OTHER TIERS: 0.10% → $500 - $10k \| 0.20% → $10k - $100k

Savoy Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$100k^*	-	Business Interest Checking
OTHER TIERS: 0.10% → $5k - $100k
0.10%	$500	-	Personal Interest Checking
0.10%^*	$100k^*	-	Now Account
OTHER TIERS: 0.05% → $1k - $100k

Savoy Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$2k	-	1 Year CD
0.50%	$2k	-	Business 1 Year CD
0.40%	$2k	-	Business 18 Month CD
0.40%	$2k	-	18 Month CD
0.30%	$2k	-	2 Year CD
0.30%	$2k	-	3 Year CD
0.30%	$2k	-	5 Year CD
0.30%	$2k	-	180 Day CD
0.30%	$2k	-	Business 180 Day CD
0.30%	$2k	-	Business 2 Year CD
0.30%	$2k	-	Business 3 Year CD
0.30%	$2k	-	Business 5 Year CD

Savoy Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$2k	-	1 Year IRA
0.40%	$2k	-	18 Month IRA
0.30%	$2k	-	2 Year IRA
0.30%	$2k	-	3 Year IRA
0.30%	$2k	-	5 Year IRA

Locations

Savoy Bank Locations
Savoy Bank	600 Fifth Avenue	New York, NY 10020

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