Savoy Bank

Overview / Commentary
600 Fifth Avenue
New York, NY 10020

Savoy Bank is headquartered in New York and is the 75th largest bank in the state of New York. It is also the 1,417th 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.


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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

FDIC Certificate #58641
Year Established2008
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD12.87%
Annual Interest Income$25.5MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$600.1MM$382.7MM
LoansQ4 2020vs Q4 2019$493.2MM$327.0MM
DepositsQ4 2020vs Q4 2019$359.5MM$325.9MM
Equity CapitalQ4 2020vs Q4 2019$46.0MM$41.0MM
Loan Loss AllowanceQ4 2020vs Q4 2019$8.4MM$5.3MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$5.7MM$2.3MM
Real Estate OwnedQ4 2020vs Q4 2019$1.5MM$1.7MM
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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

0.80%*$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

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

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

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

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

Savoy Bank Locations
Savoy Bank600 Fifth AvenueNew York, NY 10020

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