1. Banks
  2. SimplyBank

SimplyBank


Overview / Commentary
www.mysimplybank.com
423-365-8400
369 Front Street
Spring City, TN 37381

SimplyBank is headquartered in Dayton and is the 39th largest bank in the state of Tennessee. It is also the 1,313th largest bank in the nation. It was established in 1890 and as of March of 2021, it had grown to 139 employees at 13 locations. SimplyBank has a B+ health rating.

Related Posts

View all posts from:


Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+

Data as of Q1 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #10693
Year Established1890
Employees139
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.22%
Return on Equity - YTD2.35%
Annual Interest Income$7.1MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$693.1MM$366.4MM
LoansQ1 2021vs Q1 2020$482.0MM$303.7MM
DepositsQ1 2021vs Q1 2020$618.5MM$319.9MM
Equity CapitalQ1 2021vs Q1 2020$63.9MM$33.3MM
Loan Loss AllowanceQ1 2021vs Q1 2020$6.2MM$3.6MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$8.8MM$2.1MM
Real Estate OwnedQ1 2021vs Q1 2020$453.00K$158.00K
Rates
Skip to rates for:
Report an Issue

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

SimplyBank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$10-Christmas Club Savings Account
0.05%$10-Vacation Club Savings
0.05%--Simply Savings
0.05%--Simply Business Savings

SimplyBank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$1m*-Simply Money Market
OTHER TIERS: 0.05% → Up to $100k | 0.10% → $100k - $250k | 0.15% → $250k - $1m

SimplyBank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%*$1k*-Simply High Interest Checking
OTHER TIERS: 0.01% → Up to $1k
0.01%--Simply Direct Interest Checking
0.01%--Simply 50 Interest Checking
0.01%--Simply Business Interest Checking

SimplyBank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$1k-60 Month Quarterly Certificate
0.60%$1k-48 Month Quarterly Certificate
0.50%$1k-36 Month Quarterly Certificate
0.40%$1k-24 Month Quarterly Certificate
0.35%$1k-12 Month Quarterly Certificate

SimplyBank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$25-60 Month Fixed Rate IRA
0.60%$25-48 Month Fixed Rate IRA
0.50%$25-36 Month Fixed Rate IRA
0.40%$25-24 Month Fixed Rate IRA
0.35%$25-12 Month Fixed Rate IRA
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.