Solvay Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.00% | Reward Checking | High Interest Checking 1.83% - National Average |
| 0.03% | Checking | NOW Account |
| 1.60% | 5-year CD | 60 Month CD 2.35% - Synchrony Bank 60 Month CD |
Solvay Bank is headquartered in Solvay and is the 53rd largest bank in the state of New York. It is also the 882nd largest bank in the nation. It was established in 1917 and as of March of 2017, it had grown to 156 employees at 9 locations. Solvay Bank's CD rates are 39% higher than the national average, and it has a B+ health rating.
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Rates Are Competitive But...........
Their rates are competitive locally, but we have had several instances where we were treated poorly by their tellers. There's an arrogance and unfriendliness by the tellers that we have not encountered at other banks. They seem more interested in "zinging" you than in being helpful. A recent example: a simple transaction where we wanted to exchange $600 in small bills (mostly 20s) into larger bills was met with such antagonism that we gave up on the transaction.
Their ATMs located at their branches and main office are frequently not in service or out of paper.
We currently have multiple accounts with the bank, yet we are rarely treated in a helpful manner.
Time To Go!
Not a fan of this bank. Difficult to deal with.
This is "old banking" at its worst.
They will continue to lose market share in my opinion.
Great Rates, Aweful Service
Great bank overall but if you have good credit but with a marginal past, good luck getting a loan. I recently applied for a loan and was turned down cause of stuff that was on my report. The stuff on the report was taken care of years ago and was given letters of satisfaction. This stuff was brought back into question and was denied a loan. I would not encourage anyone to bank through them if you are triing to rebuild your credit, they will not give you a chance.
Great Rates...Awful Service.
Yes they have some of the best rates available for accounts and mortgages, but their service is awful. The mortgage department is especially poor. Questions brushed off, no return phone calls, gives the impression that they don't want to be bothered like they are doing you a favor. Unbelievable!
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 13297 |
| Year Established | 1917 |
| Employees | 156 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.84% |
| Return on Equity - YTD | 9.79% |
| Annual Interest Income | $6.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $858.2MM$837.3MM |
| Loans | Q1 2017vs Q1 2016 | $526.0MM$486.2MM |
| Deposits | Q1 2017vs Q1 2016 | $763.1MM$751.8MM |
| Equity Capital | Q1 2017vs Q1 2016 | $74.5MM$73.1MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $5.6MM$5.6MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $3.9MM$3.0MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Solvay 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.
Solvay Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.08%* | $10k* | - | HSA Accounts | ||
| OTHER TIERS: 0.06% → Up to $10k | |||||
| 0.03% | - | - | Statement Savings | ||
Solvay Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $100k* | - | Money Market Account | ||
| OTHER TIERS: 0.08% → $2,500 - $100k | |||||
| 0.10%* | $100k* | - | Money Market Advantage | ||
| OTHER TIERS: 0.08% → Up to $100k | |||||
| 0.10%* | $100k* | - | Non-Personal Money Market Account | ||
| OTHER TIERS: 0.08% → $2,500 - $100k | |||||
| 0.10%* | $100k* | - | Non-Personal Money Market Advantage | ||
| OTHER TIERS: 0.08% → Up to $100k | |||||
Solvay Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.00%* | - | $15k | High Interest Checking | ||
| OTHER TIERS: 0.10% → $15k+ | |||||
| 0.03% | - | - | NOW Account | ||
| 0.03% | - | - | NOW Non-Personal Account | ||
Solvay Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.60% | $500 | - | 60 Month CD | |
| 1.30% | $500 | - | 48 Month CD | |
| 1.25% | $500 | - | 12 Month CD Special | |
| 1.05% | $500 | - | 36 Month CD | |
| 1.00% | $500 | - | 16 Month CD | |
| 0.65% | $500 | - | 30 Month CD | |
| 0.60% | $500 | - | 24 Month CD | |
| 0.50% | $500 | - | 12 Month CD | |
| 0.50% | $500 | - | 18 Month CD | |
| 0.25% | $500 | - | 182 Day CD | |
| 0.10% | $500 | - | 91 Day CD |
Solvay Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.60% | $500 | - | 60 Month IRA | |
| 1.30% | $500 | - | 48 Month IRA | |
| 1.05% | $500 | - | 36 Month IRA | |
| 0.65% | $500 | - | 30 Month IRA | |
| 0.60% | $500 | - | 24 Month IRA | |
| 0.50% | $500 | - | 12 Month IRA | |
| 0.50% | $500 | - | 18 Month IRA | |
| 0.25% | $500 | - | 182 Day IRA |
| Solvay Bank Locations | ||
|---|---|---|
| Syracuse Branch | 109 South Warren Street | Syracuse, NY 13202 |
| Solvay Bank | 1537 Milton Avenue | Solvay, NY 13209 |
| Fairmount Branch | 4131 West Genesee St | Syracuse, NY 13219 |
| Westvale Branch | 527 Charles Avenue | Solvay, NY 13209 |
| Camillus Branch | 56 Genesee Street | Camillus, NY 13031 |
| North Syracuse Branch | 628 South Main Street | North Syracuse, NY 13212 |
| Liverpool Branch | 7421 Oswego Road | Liverpool, NY 13090 |
| Cicero Branch | 7895 Brewerton Road | Cicero, NY 13039 |
| Dewitt Branch | 6828 E Genesee St | Fayetteville, NY 13066 |