SONABANK
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.51% | 5-year CD | 60 Month CD 2.35% - Synchrony Bank 60 Month CD |
| 0.80% | 1-year CD | 12 Month CD 1.40% - Synchrony Bank 12 Month CD |
| 0.25% | Savings | Sona Savings |
SONABANK is headquartered in Mclean and is the 23rd largest bank in the state of Virginia. It is also the 634th largest bank in the nation. It was established in 2005 and as of March of 2017, it had grown to 162 employees at 22 locations. SONABANK has an A health rating.
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Sonabank Problems
This bank is probably ripe for an audit from state and federal regulators, the FBI and the IRS. The problems I have had with them are serious and their arrogance is alarming. I am of the opinion that they do not play by the rules and I hope that some agency notices - sooner rather than later.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57968 |
| Year Established | 2005 |
| Employees | 162 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.79% |
| Return on Equity - YTD | 6.73% |
| Annual Interest Income | $12.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $1.18B$1.08B |
| Loans | Q1 2017vs Q1 2016 | $965.5MM$861.9MM |
| Deposits | Q1 2017vs Q1 2016 | $902.8MM$859.2MM |
| Equity Capital | Q1 2017vs Q1 2016 | $148.7MM$119.9MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $8.7MM$8.7MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $1.6MM$632.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $8.3MM$9.8MM |
Always verify rates and promotions with the bank or credit union. We are not SONABANK; 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.
SONABANK Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | - | - | Sona Savings | |
| 0.25% | - | - | Sona SEP IRA Savings | |
| 0.25% | $1k | - | Sona Savings IRA |
SONABANK Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.35% | $50k | - | Personal Sonabank Premium Tiered Money Market | ||
| 0.35% | $50k | - | Business Sonabank Premium Tiered Money Market | ||
| 0.25%* | $10k* | - | Tiered Money Market | ||
| OTHER TIERS: 0.15% → $1k - $10k | |||||
| 0.25%* | $10k* | - | Corporate Tiered Money Market | ||
| OTHER TIERS: 0.15% → $1k - $10k | |||||
SONABANK Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $500 | - | SonaPlus Checking | |
| 0.10% | $100 | - | Silver Checking |
SONABANK CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.51% | $500 | - | 60 Month CD | |
| 1.31% | $500 | - | 36 Month CD | |
| 1.11% | $500 | - | 18 Month CD | |
| 1.11% | $500 | - | 24 Month CD | |
| 0.80% | $500 | - | 12 Month CD | |
| 0.75% | $500 | - | 6 Month CD | |
| 0.10% | $500 | - | 3 Month CD |
SONABANK has 47 locations. Click to view all SONABANK locations.