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 78^th largest bank in the state of New York. It is also the 1,409^th largest bank in the nation. It was established in 2008 and as of September of 2020, it had grown to 45 employees at 1 location. Savoy Bank's money market rates are 2X 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

Data as of Q3 2020

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Health Grade Components

Overall
FDIC Certificate #	58641
Year Established	2008
Employees	45
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.88%
Return on Equity - YTD	10.27%
Annual Interest Income	$19.1MM

Assets and Liabilities
Assets	Q3 2020vs Q3 2019	$587.9MM$381.7MM
Loans	Q3 2020vs Q3 2019	$535.5MM$321.1MM
Deposits	Q3 2020vs Q3 2019	$333.9MM$324.3MM
Equity Capital	Q3 2020vs Q3 2019	$43.8MM$39.3MM
Loan Loss Allowance	Q3 2020vs Q3 2019	$7.7MM$4.7MM
Unbacked Noncurrent Loans	Q3 2020vs Q3 2019	$3.2MM$4.5MM
Real Estate Owned	Q3 2020vs Q3 2019	$1.5MM$0

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
1.05%^*	$3m^*	-	High Yield Savings
OTHER TIERS: 0.45% → $25 - $1k \| 0.70% → $1k - $10k \| 0.85% → $10k - $100k \| 0.90% → $100k - $1m \| 1.00% → $1m - $3m
1.05%^*	$3m^*	-	Business Savings
OTHER TIERS: 0.45% → $25 - $1k \| 0.70% → $1k - $10k \| 0.85% → $10k - $100k \| 0.90% → $100k - $1m \| 1.00% → $1m - $3m
0.35%	-	-	Attorney Escrow/IOLA
0.15%	-	-	Rental Security Escrow

Savoy Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.05%^*	$3m^*	-	Money Market
OTHER TIERS: 0.70% → $500 - $10k \| 0.85% → $10k - $100k \| 0.90% → $100k - $1m \| 1.00% → $1m - $3m
1.05%^*	$3m^*	-	Business Money Market
OTHER TIERS: 0.70% → $500 - $10k \| 0.85% → $10k - $100k \| 0.90% → $100k - $1m \| 1.00% → $1m - $3m

Savoy Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$100k^*	-	Business Interest Checking
OTHER TIERS: 0.45% → $5k - $50k \| 0.60% → $50k - $100k
0.50%^*	$10k^*	-	Personal Interest Checking
OTHER TIERS: 0.30% → $500 - $10k
0.20%	$1k	-	Now Account

Savoy Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.15%	$2k	-	10 Year CD
1.15%	$2k	-	Business 10 Year CD
1.15%	$100k	-	10 Year Jumbo CD
1.15%	$100k	-	Business 10 Year Jumbo CD
1.10%	$2k	-	5 Year CD
1.10%	$2k	-	Business 5 Year CD
1.10%	$100k	-	5 Year Jumbo CD
1.10%	$100k	-	Business 5 Year Jumbo CD
1.05%	$2k	-	4 Year CD
1.05%	$2k	-	Business 4 Year CD
1.05%	$100k	-	4 Year Jumbo CD
1.05%	$100k	-	Business 4 Year Jumbo CD
1.00%	$2k	-	3 Year CD
1.00%	$2k	-	Business 3 Year CD
1.00%	$100k	-	3 Year Jumbo CD
1.00%	$100k	-	Business 3 Year Jumbo CD
0.95%	$2k	-	2 Year CD
0.95%	$2k	-	Business 2 Year CD
0.95%	$100k	-	2 Year Jumbo CD
0.95%	$100k	-	Business 2 Year Jumbo CD
0.90%	$2k	-	Business 18 Month CD
0.90%	$2k	-	18 Month CD
0.90%	$100k	-	18 Month Jumbo CD
0.90%	$100k	-	Business 18 Month Jumbo CD
0.85%	$2k	-	1 Year CD
0.85%	$2k	-	Business 1 Year CD
0.85%	$100k	-	1 Year Jumbo CD
0.85%	$100k	-	Business 1 Year Jumbo CD
0.50%	$2k	-	180 Day CD
0.50%	$2k	-	Business 180 Day CD
0.50%	$100k	-	180 Day Jumbo CD
0.50%	$100k	-	Business 180 Day Jumbo CD
0.40%	$2k	-	90 Day CD
0.40%	$2k	-	Business 90 Day CD
0.40%	$100k	-	90 Day Jumbo CD
0.40%	$100k	-	Business 90 Day Jumbo CD

Savoy Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.15%	$2k	-	10 Year IRA
1.15%	$100k	-	10 Year Jumbo IRA
1.10%	$2k	-	5 Year IRA
1.10%	$100k	-	5 Year Jumbo IRA
1.05%	$2k	-	4 Year IRA
1.05%	$100k	-	4 Year Jumbo IRA
1.00%	$2k	-	3 Year IRA
1.00%	$100k	-	3 Year Jumbo IRA
0.95%	$2k	-	2 Year IRA
0.95%	$100k	-	2 Year Jumbo IRA
0.90%	$2k	-	18 Month IRA
0.90%	$100k	-	18 Month Jumbo IRA
0.85%	$2k	-	1 Year IRA
0.85%	$100k	-	1 Year Jumbo IRA

Locations

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

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