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 1,385^th largest bank in the nation. It was established in 2008 and as of June of 2020, it had grown to 44 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

B+

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #	58641
Year Established	2008
Employees	44
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.84%
Return on Equity - YTD	9.23%
Annual Interest Income	$12.6MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$596.9MM$367.1MM
Loans	Q2 2020vs Q2 2019	$514.4MM$304.6MM
Deposits	Q2 2020vs Q2 2019	$348.0MM$311.1MM
Equity Capital	Q2 2020vs Q2 2019	$42.4MM$38.0MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$7.2MM$4.9MM
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$3.2MM$5.8MM
Real Estate Owned	Q2 2020vs Q2 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	VIEW DETAILS
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

Savoy Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.05%^*	$3m^*	-	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	VIEW DETAILS
0.45%	$5k	-	High Yield Business Checking
0.30%	$500	-	Personal Interest Checking

Savoy Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.10%	$2k	-	5 Year CD
1.05%	$2k	-	4 Year CD
1.00%	$2k	-	3 Year CD
0.95%	$2k	-	2 Year CD
0.85%	$2k	-	1 Year CD

Savoy Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.10%	$2k	-	5 Year IRA
1.05%	$2k	-	4 Year IRA
1.00%	$2k	-	3 Year IRA
0.95%	$2k	-	2 Year IRA
0.85%	$2k	-	1 Year IRA

Locations

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

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