Featured Savings Rates
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Solvay Bank

Popular Accounts at this Bank

2.00%Reward CheckingHigh Interest Checking
0.03%CheckingNOW Account
1.60%5-year CD60 Month CD

Overview / Commentary
1537 Milton Avenue
Solvay, NY 13209

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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Reviews (4)

Rates Are Competitive But...........

Posted by: bumper203 | Jun 24, 2011


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!

Posted by: BTR | May 22, 2017

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

Posted by: Jmm11 | Apr 13, 2012

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.

Posted by: SP | Oct 31, 2011

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!


Health Grade Components

FDIC Certificate #13297
Year Established1917
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD9.79%
Annual Interest Income$6.5MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$858.2MM$837.3MM
LoansQ1 2017vs Q1 2016$526.0MM$486.2MM
DepositsQ1 2017vs Q1 2016$763.1MM$751.8MM
Equity CapitalQ1 2017vs Q1 2016$74.5MM$73.1MM
Loan Loss AllowanceQ1 2017vs Q1 2016$5.6MM$5.6MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$3.9MM$3.0MM
Real Estate OwnedQ1 2017vs Q1 2016$0$0
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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

0.08%*$10k*-HSA Accounts
OTHER TIERS: 0.06% Up to $10k
0.03%--Statement Savings

Solvay Bank Money Market Rates

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

2.00%*-$15kHigh Interest Checking
OTHER TIERS: 0.10% $15k+
0.03%--NOW Account
0.03%--NOW Non-Personal Account

Solvay Bank CD Rates

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

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 Branch109 South Warren StreetSyracuse, NY 13202
Solvay Bank1537 Milton AvenueSolvay, NY 13209
Fairmount Branch4131 West Genesee StSyracuse, NY 13219
Westvale Branch527 Charles AvenueSolvay, NY 13209
Camillus Branch56 Genesee StreetCamillus, NY 13031
North Syracuse Branch628 South Main StreetNorth Syracuse, NY 13212
Liverpool Branch7421 Oswego RoadLiverpool, NY 13090
Cicero Branch7895 Brewerton RoadCicero, NY 13039
Dewitt Branch6828 E Genesee StFayetteville, NY 13066