Solvay Bank


Overview / Commentary
315-468-1661
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 826th largest bank in the nation. It was established in 1917 and as of September of 2019, it had grown to 158 employees at 10 locations. Solvay Bank's savings rates are 92% higher than the national average, and it has an A health rating.

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Reviews (6)

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

Posted by: |

 

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. 

Poor Service

Posted by: |

They discriminate against people to get over draft credit for there checking accounts . I have tried several times to get it and they have refused me because they say I don’t make enough . Which I do . Then there online app is down all the time . It’s ridiculous. You can’t even check your account . They fix it but it doesn’t do any good because it keeps happening. And the people act like they don’t even want to help you. Very disappointed.

Like Others Great Rates Poor Service

Systems are old and antiquated frequently they are down for service and it seems like their employees are unhappy and don’t care about having business

Time To Go!

Posted by: |

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: |

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: |

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

Health Grade Components

Overall
FDIC Certificate #13297
Year Established1917
Employees158
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD10.14%
Annual Interest Income$24.5MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$969.6MM$902.0MM
LoansQ3 2019vs Q3 2018$604.7MM$583.6MM
DepositsQ3 2019vs Q3 2018$841.5MM$795.6MM
Equity CapitalQ3 2019vs Q3 2018$90.6MM$77.9MM
Loan Loss AllowanceQ3 2019vs Q3 2018$5.7MM$6.0MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$998.00K$2.5MM
Real Estate OwnedQ3 2019vs Q3 2018$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$250kStatement Savings Special (New Money)
OTHER TIERS: 0.03% $250k+
0.05%--Statement Savings
0.05%--HSA Accounts

Solvay Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$100k*-Money Market Account
OTHER TIERS: 0.05% $2.5k - $25k | 0.10% $25k - $100k
0.15%*$100k*-Money Market Advantage
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $100k
0.15%*$100k*-Non-Personal Money Market Account
OTHER TIERS: 0.05% $2.5k - $25k | 0.10% $25k - $100k
0.15%*$100k*-Non-Personal Money Market Advantage
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $100k

Solvay Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*-$15kHigh Interest Checking Special
OTHER TIERS: 0.10% $15k+
2.00%-$15kHigh Interest Checking
0.03%--NOW Account
0.03%--NOW Non-Personal Account

Solvay Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%$500-60 Month CD
1.65%$500-48 Month CD
1.25%$500-36 Month CD
1.20%$500-30 Month CD
1.00%$500-18 Month CD
0.75%$500-24 Month CD
0.65%$500-12 Month CD
0.65%$2.5k-16 Month CD
0.40%$500-182 Day CD
0.25%$500-91 Day CD

Solvay Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%$500-60 Month IRA
1.65%$500-48 Month IRA
1.25%$500-36 Month IRA
1.20%$500-30 Month IRA
1.00%$500-18 Month IRA
0.75%$500-24 Month IRA
0.65%$500-12 Month IRA
0.65%$2.5k-16 Month IRA
0.40%$500-182 Day IRA
Locations


Solvay Bank Locations
Syracuse Branch109 South Warren StreetSyracuse, NY 13202
Solvay Bank1537 Milton 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
Baldwinsville Branch197 Downer StreetBaldwinsville, NY 13027
Westvale Smart Branch3201 West Genesee StreetSyracuse, NY 13219

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