Hanover Bank

TODAY'S FEATURED RATES

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

hanoverbank.com

516-248-4868

2131 Jericho Turnpike
Garden City Park, NY 11040

Hanover Bank is headquartered in GARDEN CITY PARK and is the 35^th largest bank in the state of New York. It is also the 528^th largest bank in the nation. It was established in 2009 and as of March of 2025, it had grown to 200 employees at 9 locations. Hanover Bank's money market rates are 9X the national average, and it has an A health rating.

Reviews (1)

Write a Review

Great Rate, But Issues

Posted by: jeffgold | Oct 11, 2024

Required 12 debit card transaction each month. Only one person able to answer Kasasa-specific questions. Multiple problems with Hanover-initiated ACH transactions. Solved by using externally-initiated ACH transactions.

Comment

Health

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	58675
Year Established	2009
Employees	200
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.32%
Return on Equity - YTD	3.31%
Annual Interest Income	$32.8MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$2.29B$2.31B
Loans	Q1 2025vs Q1 2024	$1.95B$1.99B
Deposits	Q1 2025vs Q1 2024	$1.94B$1.92B
Equity Capital	Q1 2025vs Q1 2024	$220.7MM$213.3MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$22.9MM$19.9MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$11.5MM$17.5MM
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Money Market
Checking
CD

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

Hanover Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.50%^*	$0	$100k	Kasasa Saver Savings
OTHER TIERS: 0.19% → $100k+

Hanover Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%^*	$25k^*	-	Business High Value Money Market - New Money
OTHER TIERS: 2.00% → $0 - $25k
3.85%^*	$500k^*	-	Premium High Yield Money Market
OTHER TIERS: 3.35% → $25k - $100k \| 3.50% → $100k - $250k \| 3.60% → $250k - $500k
3.35%	$5k	-	Elite High Yield Personal Money Market
2.00%	$5k	-	Business High Yield Money Market

Hanover Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
5.75%^*	$0	$25k	Kasasa Cash Checking
OTHER TIERS: 0.49% → $25k+

Hanover Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.25%	$500	-	8 Month CD
4.25%	$500	-	Business 8 Month CD
4.15%	$500	-	6 Month CD
4.15%	$500	-	Business 6 Month CD
4.00%	$500	-	3 Month CD
4.00%	$500	-	Business 3 Month CD
3.85%	$500	-	12 Month CD
3.85%	$500	-	Business 12 Month CD
3.50%	$500	-	15 Month CD
3.50%	$500	-	Business 15 Month CD
3.25%	$500	-	18 Month CD
3.25%	$500	-	Business 18 Month CD
3.00%	$500	-	2 Year CD
3.00%	$500	-	3 Year CD
3.00%	$500	-	5 Year CD
3.00%	$500	-	Business 2 Year CD
3.00%	$500	-	Business 3 Year CD
3.00%	$500	-	Business 5 Year CD

Locations

Hanover Bank Locations
Rockefeller Center Branch	600 Fifth Ave, 17th Floor	New York, NY 10020
Bowery Branch	109 Bowery	New York, NY 10002
Mineola Branch	80 East Jericho Turnpike	Mineola, NY 11501
Sunset Park Branch	5512 8th Ave	Brooklyn, NY 11220
Freehold Branch	4400 Us Highway 9	Freehold, NJ 07728
Flushing Branch	138-29 39th Avenue	Flushing, NY 11354
Forest Hills Branch	71-15 Austin Street	Forest Hills, NY 11375
Garden City Park Branch	2131 Jericho Tpke	Garden City Park, NY 11040
Hauppauge Branch	410 Motor Parkway, 3rd Floor	Hauppauge, NY 11788

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