Savoy Bank

Overview / Commentary
600 Fifth Avenue
New York, NY 10020

Savoy Bank is headquartered in New York and is the 69th largest bank in the state of New York. It is also the 1,315th 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.


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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

FDIC Certificate #58641
Year Established2008
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.88%
Return on Equity - YTD25.57%
Annual Interest Income$7.1MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$691.6MM$397.5MM
LoansQ1 2021vs Q1 2020$592.2MM$336.2MM
DepositsQ1 2021vs Q1 2020$365.3MM$340.0MM
Equity CapitalQ1 2021vs Q1 2020$49.1MM$41.6MM
Loan Loss AllowanceQ1 2021vs Q1 2020$8.4MM$5.7MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$5.5MM$3.2MM
Real Estate OwnedQ1 2021vs Q1 2020$1.5MM$1.5MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Savoy Bank Savings Account Rates

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

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

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

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

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

Savoy Bank Locations
Savoy Bank600 Fifth AvenueNew York, NY 10020

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