Solvay Bank (NY) Still Offering High Interest Checking Rate Guarantee

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Deal Summary: High Interest Checking Special, 4.00% APY on qualifying balances up to $15k, one-year rate guarantee, new accounts only.

Availability: Market area includes the New York counties of Cayuga, Cortland, Madison, Oneida, Onondaga, and Oswego.

I wrote about this special offer nearly eight months ago and it’s still available. Solvay Bank’s year-long guarantee on a new High Interest Checking Special account deserves another DA blog post. The 4.00% APY on qualifying balances up to $15k, coupled with a one-year rate guarantee, is a combination of features rarely offered on a rewards checking account. (Existing High Interest Checking accounts currently earn 2.00% APY on qualifying balances up to $15k.) Qualifying balances greater than $15k earn 0.10% APY, with non-qualifying balances earning 0.05% APY.

APYMINMAXINSTITUTIONPRODUCTDETAILS
4.00*%$0$15kSolvay BankHigh Interest Checking Special
OTHER TIERS: 0.10% $15k+
2.00%$0$15kSolvay BankHigh Interest Checking
Rates as of July 1, 2025.

The promotional rate and rate guarantee are only available on new High Interest Checking Special accounts. According to the fine print on the Compare Our Accounts page,

Current checking account holders or those who have closed a checking account within
the last 90 days are not eligible for this offer. Limit one new checking account per tax ID.

The qualification requirements include,

  • At least 12 debit card purchases per statement cycle
  • At least one direct deposit/ACH credit per statement cycle
  • Be enrolled in and agree to receive eStatements

The High Interest Checking Special account has no minimum balance requirement and can be opened with $15 minimum deposit, with a limit of one account per tax ID. There is a $5 monthly maintenance fee that will be waived with one electronic direct deposit (salary, pension, or government benefits) per statement cycle. Unlimited check writing is available and a free Visa debit card will be issued following account opening. Nationwide ATM fees will be reimbursed up $25 per month, if qualifications are met.

Availability

Headquartered in Solvay (northeast corner of the Finger Lakes region), Solvay Bank offers the High Interest Checking Special to residents of the New York counties of Cayuga, Cortland, Madison, Oneida, Onondaga, and Oswego.

Opening a High Interest Checking Special account can be done online, or at any of the nine full-service New York branches located in Baldwinsville, Camillus, Cicero, Fayetteville, Liverpool, North Syracuse, Solvay, and Syracuse (2).

All offices are open to in-branch teller transactions with capacity restrictions. All other services will be available in branch by appointment. PPP Portal has re-opened and is accepting applications!

Bank Overview

Solvay Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 2.79% (excellent) based on December 31, 2020 data. In the past year, Solvay Bank increased its total non-brokered deposits by $121.68 million, an excellent annual growth rate of 15.5%. Please refer to our financial overview of Solvay Bank (FDIC Certificate # 13297) for more details.

Established in 1917, Solvay Bank is not only the oldest commercial bank in Central New York, but also the largest locally-owned bank. Currently the 56th largest bank headquartered in New York, Solvay Bank has assets in excess of $1.04 billion and more than 32,000 customer accounts.

How the High Interest Checking Special Compares

When compared to the High Yield Rewards Checking Accounts tracked by DepositAccounts.com that are available within the online market area and have maximum qualifying balances of at least $15k, Solvay Bank’s High Interest Checking Special APY currently ranks first. The one year rate guarantee only increases its intrinsic value.

The above information and rates are accurate as of 4/12/2021.

To look for the best Reward Checking Account rates, both nationwide and state specific, please refer to our High Yield Reward Checking Account Rates Table page.

Related Pages: Syracuse checking accounts, reward checking accounts

Solvay Bank High Interest Checking Rate Guarantee Still Available
Deal Summary: High Interest Checking Special, 4.00% APY on qualifying balances up to $15k, one-year rate guarantee, new accounts only.

Availability: Market area includes the New York counties of Cayuga, Cortland, Madison, Oneida, Onondaga, and Oswego.

I wrote about this special offer nearly six months ago and was surprised (and pleased) to see it’s still available. The combination of a high rate and the year-long rate guarantee prompted another look at Solvay Bank’s High Interest Checking Special. The very competitive 4.00% APY (on qualify balances up to...

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Solvay Bank High Interest Checking Offers Top APY With Rate Guarantee
Deal Summary: High Interest Checking Special, 4.00% APY on qualifying balances up to $15k, one-year rate guarantee, new accounts only.

Availability: Market area includes the New York counties of Cayuga, Cortland, Madison, Oneida, Onondaga, and Oswego.

Solvay Bank’s High Interest Checking Special has a dynamic combination of features not usually offered on a Rewards Checking Account (RCA): a competitive 4.00% APY (on qualify balances up to $15k) coupled with a one-year rate guarantee. Qualifying balances greater than $15k earn 0.10% APY, with non-qualifying balances earning 0.05% APY.

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Solvay Bank (NY) Ups 36-Month CD Special Rate
Deal Summary: 36-month CD Special, 3.50% APY, $500 min/$250k max deposit, new money, checking relationship.

Availability: Market area includes the New York counties of Cayuga, Cortland, Madison, Oneida, Onondaga, and Oswego.

Solvay Bank has raised the rate on its 36-month CD Special to 3.50% APY. The minimum deposit is $500 of new money, and the maximum deposit is $250k. There is a limit of one CD Special per tax ID and the offer is only valid for personal accounts.

According to CSR, the Early...

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Solvay Bank (NY) Has 37-Month CD Special With Checking
Availability: Market area includes the New York counties of Cayuga, Cortland, Madison, Oneida, Onondaga and Oswego.

Solvay Bank ended the week by adding a 37-month CD Special (2.00% APY). The 2.00% APY includes a 0.50% premium for opening a new checking account. The rate will drop to the 36-month CD rate (currently 1.50% APY) without a new checking account relationship.

The minimum deposit is $500, with no balance cap. According to CSR, the Early Withdrawal Penalty is 6 months interest.

Solvay Bank has six different...

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High-Yield Reward Checking Account at Solvay Bank in New York - Local Only

Solvay Bank is offering a high interest reward checking account. The rate and balance cap are a little low for reward checking accounts, but for those in the Syracuse New York area, it may be worthwhile. Below are the rates and features of the account if certain monthly requirements are met. These rates are listed at the bank's high interest checking page as of 5/10/2010.

  • 2.75% APY on balances up to $15,000
  • 0.50% APY on portion of balance over $15,000
  • 0.05% base rate if requirements are not met
  • ATM fee refunds worldwide up to...
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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.