Overview / Commentary
315-468-1661
1537 Milton Avenue
Solvay, NY 13209

Solvay Bank is headquartered in Solvay and is the 54th largest bank in the state of New York. It is also the 855th largest bank in the nation. It was established in 1917 and as of September of 2018, it had grown to 161 employees at 10 locations. Solvay Bank's savings rates are 92% higher than the national average, and it has a B+ health rating.

Related Posts

Solvay Bank (NY) Ups 36-Month CD Special Rate - 8/16/2018

Solvay Bank (NY) has raised the rate on its 36-month CD Special to 3.50% APY. Minimum deposit is $500 of new money. Requires checking relationship.

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Reviews (5)

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. 

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: 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
B+

Health Grade Components

Overall
FDIC Certificate #13297
Year Established1917
Employees161
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD11.01%
Annual Interest Income$21.6MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$902.0MM$901.0MM
LoansQ3 2018vs Q3 2017$583.6MM$540.3MM
DepositsQ3 2018vs Q3 2017$795.6MM$799.6MM
Equity CapitalQ3 2018vs Q3 2017$77.9MM$77.6MM
Loan Loss AllowanceQ3 2018vs Q3 2017$6.0MM$5.7MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$2.5MM$3.1MM
Real Estate OwnedQ3 2018vs Q3 2017$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+
0.10%--Statement Savings
0.08%--HSA Accounts

Solvay Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*-$250kMoney Market Special (New Money)
OTHER TIERS: 0.10% $250k+
0.35%*$100k*-Money Market Account
OTHER TIERS: 0.10% $2.5k - $25k | 0.20% $25k - $100k
0.35%*$100k*-Money Market Advantage
OTHER TIERS: 0.10% Up to $25k | 0.20% $25k - $100k
0.35%*$100k*-Non-Personal Money Market Account
OTHER TIERS: 0.10% $2.5k - $25k | 0.25% $25k - $50k | 0.30% $50k - $100k
0.35%*$100k*-Non-Personal Money Market Advantage
OTHER TIERS: 0.10% Up to $25k | 0.25% $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
OTHER TIERS: 0.10% $15k+
0.08%--NOW Account
0.08%--NOW Non-Personal Account

Solvay Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%$500$250k36 Month CD Special w/ Checking (New Money)
3.00%$500-30 Month CD
3.00%$500-60 Month CD
2.75%$500-18 Month CD
2.75%$500-36 Month CD
2.75%$500-48 Month CD
2.25%$500$250k24 Month CD Special (New Money)
0.85%$500-24 Month CD
0.75%$500-12 Month CD
0.75%$2.5k-16 Month CD
0.50%$500-182 Day CD
0.35%$500-91 Day CD

Solvay Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$500-30 Month IRA
3.00%$500-60 Month IRA
2.75%$500-18 Month IRA
2.75%$500-36 Month IRA
2.75%$500-48 Month IRA
0.85%$500-24 Month IRA
0.75%$500-12 Month IRA
0.50%$500-182 Day IRA
Locations


Cities: Baldwinsville, Camillus, Cicero, Fayetteville, Liverpool, North Syracuse, Solvay, Syracuse

Baldwinsville Branches
Baldwinsville Branch197 Downer StreetBaldwinsville, NY 13027

Camillus Branches
Camillus Branch56 Genesee StreetCamillus, NY 13031

Cicero Branches
Cicero Branch7895 Brewerton RoadCicero, NY 13039

Fayetteville Branches
Dewitt Branch6828 E Genesee StFayetteville, NY 13066

Liverpool Branches
Liverpool Branch7421 Oswego RoadLiverpool, NY 13090

North Syracuse Branches
North Syracuse Branch628 South Main StreetNorth Syracuse, NY 13212

Solvay Branches
Solvay Bank1537 Milton AvenueSolvay, NY 13209
Westvale Branch527 Charles AvenueSolvay, NY 13209

Syracuse Branches
Syracuse Branch109 South Warren StreetSyracuse, NY 13202
Fairmount Branch4131 West Genesee StSyracuse, NY 13219

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