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 75^th largest bank in the state of New York. It is also the 1,417^th largest bank in the nation. It was established in 2008 and as of December of 2020, it had grown to 43 employees at 1 location. Savoy Bank's money market rates are 82% higher than the national average, and it 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 Q4 2020

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	43
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.08%
Return on Equity - YTD	12.87%
Annual Interest Income	$25.5MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$600.1MM$382.7MM
Loans	Q4 2020vs Q4 2019	$493.2MM$327.0MM
Deposits	Q4 2020vs Q4 2019	$359.5MM$325.9MM
Equity Capital	Q4 2020vs Q4 2019	$46.0MM$41.0MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$8.4MM$5.3MM
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$5.7MM$2.3MM
Real Estate Owned	Q4 2020vs Q4 2019	$1.5MM$1.7MM

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
0.80%^*	$1m^*	-	Business Savings
OTHER TIERS: 0.20% → $25 - $10k \| 0.60% → $10k - $100k \| 0.70% → $100k - $1m
0.80%^*	$1m^*	-	Personal Savings
OTHER TIERS: 0.20% → $25 - $10k \| 0.60% → $10k - $100k \| 0.70% → $100k - $1m
0.35%	-	-	Attorney Escrow/IOLA
0.15%	-	-	Rental Security Escrow

Savoy Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%^*	$1m^*	-	Money Market
OTHER TIERS: 0.06% → $10k - $100k \| 0.20% → $500 - $10k \| 0.70% → $100k - $1m
0.80%^*	$1m^*	-	Business Money Market
OTHER TIERS: 0.20% → $500 - $10k \| 0.60% → $10k - $100k \| 0.70% → $100k - $1m

Savoy Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$100k^*	-	Business Interest Checking
OTHER TIERS: 0.20% → $5k - $50k \| 0.35% → $50k - $100k
0.35%^*	$10k^*	-	Personal Interest Checking
OTHER TIERS: 0.20% → $500 - $10k
0.20%	$1k	-	Now Account

Savoy Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%	$2k	-	5 Year CD
0.75%	$2k	-	10 Year CD
0.75%	$2k	-	Business 5 Year CD
0.75%	$2k	-	Business 10 Year CD
0.75%	$100k	-	5 Year Jumbo CD
0.75%	$100k	-	Business 5 Year Jumbo CD
0.75%	$100k	-	10 Year Jumbo CD
0.75%	$100k	-	Business 10 Year Jumbo CD
0.70%	$2k	-	2 Year CD
0.70%	$2k	-	3 Year CD
0.70%	$2k	-	4 Year CD
0.70%	$2k	-	Business 2 Year CD
0.70%	$2k	-	Business 3 Year CD
0.70%	$2k	-	Business 4 Year CD
0.70%	$100k	-	2 Year Jumbo CD
0.70%	$100k	-	Business 2 Year Jumbo CD
0.70%	$100k	-	3 Year Jumbo CD
0.70%	$100k	-	Business 3 Year Jumbo CD
0.70%	$100k	-	4 Year Jumbo CD
0.70%	$100k	-	Business 4 Year Jumbo CD
0.65%	$2k	-	1 Year CD
0.65%	$2k	-	Business 18 Month CD
0.65%	$2k	-	18 Month CD
0.65%	$2k	-	Business 1 Year CD
0.65%	$100k	-	1 Year Jumbo CD
0.65%	$100k	-	Business 1 Year Jumbo CD
0.65%	$100k	-	18 Month Jumbo CD
0.65%	$100k	-	Business 18 Month Jumbo CD
0.30%	$2k	-	180 Day CD
0.30%	$2k	-	Business 180 Day CD
0.30%	$100k	-	180 Day Jumbo CD
0.30%	$100k	-	Business 180 Day Jumbo CD
0.20%	$2k	-	90 Day CD
0.20%	$2k	-	Business 90 Day CD
0.20%	$100k	-	90 Day Jumbo CD
0.20%	$100k	-	Business 90 Day Jumbo CD

Savoy Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%	$2k	-	5 Year IRA
0.75%	$2k	-	10 Year IRA
0.75%	$100k	-	5 Year Jumbo IRA
0.75%	$100k	-	10 Year Jumbo IRA
0.70%	$2k	-	2 Year IRA
0.70%	$2k	-	3 Year IRA
0.70%	$2k	-	4 Year IRA
0.70%	$100k	-	2 Year Jumbo IRA
0.70%	$100k	-	3 Year Jumbo IRA
0.70%	$100k	-	4 Year Jumbo IRA
0.65%	$2k	-	1 Year IRA
0.65%	$2k	-	18 Month IRA
0.65%	$100k	-	1 Year Jumbo IRA
0.65%	$100k	-	18 Month Jumbo IRA

Locations

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

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