Sonabank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.25% | Reward Checking | 1.75% - National Average |
| 1.00% | Reward Savings | 0.84% - National Average |
| 0.10% | Savings | 2.20% - Barclays Online Savings Account |
Sonabank is headquartered in Tappahannock and is the 12th largest bank in the state of Virginia. It is also the 347th largest bank in the nation. It was established in 2005 and as of December of 2018, it had grown to 348 employees at 48 locations. Sonabank has an A+ health rating.
Related Posts
Sonabank Hack!!!!!
looks like sonabank got hacked!!!! now there's a lawsuit? check this out
fairpay4all.com/sonabank-data-breach
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 Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57968 |
| Year Established | 2005 |
| Employees | 348 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.38% |
| Return on Equity - YTD | 9.69% |
| Annual Interest Income | $118.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $2.71B$2.62B |
| Loans | Q4 2018vs Q4 2017 | $2.17B$2.05B |
| Deposits | Q4 2018vs Q4 2017 | $2.11B$1.87B |
| Equity Capital | Q4 2018vs Q4 2017 | $396.8MM$369.0MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $12.3MM$9.4MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $2.5MM$12.3MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $5.1MM$7.6MM |
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 | |
|---|---|---|---|---|---|
| 1.00%* | - | $50k | Kasasa Saver | ||
| OTHER TIERS: 0.25% → $50k+ | |||||
| 0.10% | - | - | Statement Savings | ||
| 0.10% | - | - | Business Statement Savings | ||
Sonabank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $250k* | - | Business Money Market | ||
| OTHER TIERS: 0.15% → Up to $25k | 0.25% → $25k - $100k | 0.35% → $100k - $250k | |||||
Sonabank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.25%* | - | $25k | Kasasa Cash | ||
| OTHER TIERS: 0.25% → $25k+ | |||||
| 0.50%* | $75k* | - | Community Believers Non-Profit Checking | ||
| OTHER TIERS: 0.20% → Up to $10k | 0.40% → $10k - $75k | |||||
| 0.40%* | $100k* | - | Premier Club Senior Checking | ||
| OTHER TIERS: 0.25% → Up to $25k | 0.35% → $25k - $100k | |||||
