Sonabank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.25% | Reward Checking | Kasasa Cash 1.85% - National Average |
| 1.00% | Reward Savings | Kasasa Saver 0.81% - National Average |
| 0.10% | Savings | Statement Savings 1.20% - Ally Bank Online Savings Account |
Sonabank is headquartered in Tappahannock and is the 12th largest bank in the state of Virginia. It is also the 340th largest bank in the nation. It was established in 2005 and as of June of 2017, it had grown to 435 employees at 49 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 Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57968 |
| Year Established | 2005 |
| Employees | 435 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.02% |
| Return on Equity - YTD | -0.19% |
| Annual Interest Income | $26.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $2.63B$1.12B |
| Loans | Q2 2017vs Q2 2016 | $2.04B$897.9MM |
| Deposits | Q2 2017vs Q2 2016 | $2.03B$904.3MM |
| Equity Capital | Q2 2017vs Q2 2016 | $366.0MM$121.7MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $9.2MM$8.4MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $1.1MM$632.00K |
| Real Estate Owned | Q2 2017vs Q2 2016 | $8.5MM$9.4MM |
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%* | - | $25k | Kasasa Saver | ||
| OTHER TIERS: 0.25% → $25k+ | |||||
| 0.40%* | - | $5k | Health Savings Account - Individual | ||
| OTHER TIERS: 0.15% → $10k+ | 0.25% → $5k - $10k | |||||
| 0.40%* | - | $5k | Health Savings Account - Family | ||
| OTHER TIERS: 0.15% → $10k+ | 0.25% → $5k - $10k | |||||
| 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%* | - | $15k | Kasasa Cash | ||
| OTHER TIERS: 0.25% → $15k+ | |||||
| 0.40%* | $10k* | $74k | Community Believers Non-Profit Checking | ||
| OTHER TIERS: 0.20% → Up to $10k | 0.25% → $74k+ | |||||
| 0.40%* | $100k* | - | Premier Club Senior Checking | ||
| OTHER TIERS: 0.25% → Up to $25k | 0.35% → $25k - $100k | |||||
