Savoy Bank


Overview / Commentary
646-775-4000
600 Fifth Avenue
New York, NY 10020

Savoy Bank is headquartered in New York and is the 78th largest bank in the state of New York. It is also the 1,409th 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.

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Health

Health Grade Components

Overall
FDIC Certificate #58641
Year Established2008
Employees45
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD10.27%
Annual Interest Income$19.1MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$587.9MM$381.7MM
LoansQ3 2020vs Q3 2019$535.5MM$321.1MM
DepositsQ3 2020vs Q3 2019$333.9MM$324.3MM
Equity CapitalQ3 2020vs Q3 2019$43.8MM$39.3MM
Loan Loss AllowanceQ3 2020vs Q3 2019$7.7MM$4.7MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$3.2MM$4.5MM
Real Estate OwnedQ3 2020vs Q3 2019$1.5MM$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW 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
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Bank600 Fifth AvenueNew York, NY 10020

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