Andover Bank

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.andover.bank

440-293-7605

19 Public Square
Andover, OH 44003

Andover Bank is headquartered in ANDOVER and is the 48^th largest bank in the state of Ohio. It is also the 1,644^th largest bank in the nation. It was established in 1884 and as of March of 2025, it had grown to 99 employees at 10 locations. Andover Bank's money market rates are 5X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	10663
Year Established	1884
Employees	99
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.64%
Return on Equity - YTD	13.62%
Annual Interest Income	$5.2MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$566.8MM$554MM
Loans	Q1 2025vs Q1 2024	$264.8MM$264.9MM
Deposits	Q1 2025vs Q1 2024	$535.6MM$521MM
Equity Capital	Q1 2025vs Q1 2024	$27.7MM$25.5MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$1.6MM$1.7MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$650K$335K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Andover 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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Andover Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.07%^*^†	$2.5k^*	$10k	Companion Savings
OTHER TIERS: 0.03% → $0 - $2.5k \| 1.05% → $10k+
0.10%^*^†	$10k^*	-	Health Savings Account
OTHER TIERS: 0.02% → $0 - $1k \| 0.03% → $1k - $5k \| 0.05% → $5k - $10k
0.03%^†	$0	-	Christmas Club
0.03%^†	$0	-	Statement Savings
0.03%^†	$0	-	Business Statement Savings

Andover Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%^*^†	$50k^*	$250k	Money Market Plus
OTHER TIERS: 0.10% → $0 - $10k \| 1.00% → $10k+ \| 1.26% → $250k - $1m
0.30%^*^†	$10k^*	-	Smart Saver - First 90 Days
OTHER TIERS: 0.03% → $0 - $10k
0.20%^*^†	$100k^*	-	Preferred Money Market Account
OTHER TIERS: 0.03% → $0 - $10k \| 0.05% → $10k - $25k \| 0.10% → $25k - $50k \| 0.15% → $50k - $100k
0.20%^*^†	$100k^*	-	Smart Saver
OTHER TIERS: 0.03% → $0 - $10k \| 0.10% → $10k - $50k \| 0.15% → $50k - $100k
0.20%^*^†	$50k^*	-	Business Preferred Money Market Account
OTHER TIERS: 0.04% → $0 - $50k

Andover Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%^*^†	$0	$10k	Affinity Checking
OTHER TIERS: 0.05% → $10k+
0.01%^†	$10k	-	Commercial Interest Checking
0.01%^†	$0	-	Rewards Checking
0.01%^†	$0	-	Interest Checking

Andover Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.10%	$1k	$250k	5 Month CD Special
4.00%	$1k	$250k	9 Month CD Special
3.75%^†	$1k	$250k	30 Month CD
3.75%^†	$1k	$250k	56 Month CD
3.75%^†	$1k	$250k	11 Month CD Special
2.50%	$1k	$250k	6 Month CD Special
0.75%^†	$1k	$250k	10 Month CD
0.75%^†	$1k	-	13 Month CD
0.35%^†	$1k	$250k	48 Month CD
0.35%^†	$1k	$250k	60 Month CD
0.30%^†	$1k	$250k	24 Month CD
0.30%^†	$1k	$250k	36 Month CD
0.25%^†	$1k	$250k	14 Month CD
0.25%^†	$1k	$250k	18 Month CD
0.20%^†	$1k	$250k	12 Month CD
0.05%^†	$1k	$250k	30 Day CD
0.05%^†	$1k	$250k	91 Day CD

Andover Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%	$1k	$250k	9 Month IRA Special
3.75%^†	$1k	$250k	30 Month Fixed Rate IRA
3.75%^†	$1k	$250k	11 Month IRA Special
2.50%	$1k	$250k	6 Month IRA Special
0.35%^†	$1k	$250k	60 Month Fixed Rate IRA
0.10%^*^†	$10k^*	-	Variable Rate IRA Account
OTHER TIERS: 0.02% → $0 - $1k \| 0.03% → $1k - $5k \| 0.05% → $5k - $10k

Locations

Cities: Albion, Andover, Ashtabula, Austinburg, Conneaut, Edinboro, Erie, Geneva, Jefferson, Madison

Albion Branches
Old Community National Bank Of North	53 East State Street	Albion, PA 16401

Andover Branches
The Andover Bank	19 Public Sq	Andover, OH 44003

Ashtabula Branches
Ashtabula Harbor Banking Center	1630 West 19th Street	Ashtabula, OH 44004

Austinburg Branches
Austinburg Branch	State Route 45 and College Street	Austinburg, OH 44010

Conneaut Branches
Conneaut Banking Center	339 State St	Conneaut, OH 44030

Edinboro Branches
Edinboro Branch	212 Plum Street	Edinboro, PA 16412

Erie Branches
Millcreek Branch	2420 Zimmerly Road	Erie, PA 16506

Geneva Branches
Geneva Branch	665 South Broadway	Geneva, OH 44041

Jefferson Branches
Jefferson Banking Center Branch	150 North Chestnut Street	Jefferson, OH 44047

Madison Branches
Madison Banking Center Branch	6611 N Ridge Rd	Madison, OH 44057

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