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New Valley Bank & Trust (MA)


Overview / Commentary
www.banknewvalley.com
413-739-2265
One Monarch Place Suite 910
Springfield, MA 01144

New Valley Bank & Trust (MA) is headquartered in Springfield and is the 98th largest bank in the state of Massachusetts. It is also the 2,929th largest bank in the nation. It was established in 2019 and as of September of 2020, it had grown to 20 employees at 2 locations. New Valley Bank & Trust (MA)'s money market rates are 48% higher than the national average, and it has an A health rating.

Related Posts

These Rates Are WAY Out Of Date Current Rates Very Low - 7/8/2020

The current rate schedule as of 7/8/20 has much, much lower rates and is dated 4/20/20 There are its APY rates as listed: 3 Month 0.15% 6 Month 0.35% 12 Month 0.45% 18 Month 0.60% 24 Month 0.70% 36 Month 0.80% 48 Month 1.01% 60 Month 1.16%

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Health
A

Data as of Q3 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #59143
Year Established2019
Employees20
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.7%
Return on Equity - YTD-4.81%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$210.3MM$45.4MM
LoansQ3 2020vs Q3 2019$169.8MM$15.1MM
DepositsQ3 2020vs Q3 2019$116.6MM$24.0MM
Equity CapitalQ3 2020vs Q3 2019$19.9MM$20.9MM
Loan Loss AllowanceQ3 2020vs Q3 2019$1.0MM$191.00K
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$0$0
Real Estate OwnedQ3 2020vs Q3 2019$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

New Valley Bank & Trust (MA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$10-Benchmark Savings
0.40%$10-IRA Savings
0.40%$10-Business Savings

New Valley Bank & Trust (MA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$500k*-Money Market
OTHER TIERS: 0.25% → $10 - $100k | 0.45% → $100k - $500k
0.65%*$500k*-Business Money Market
OTHER TIERS: 0.25% → $10 - $100k | 0.45% → $100k - $500k

New Valley Bank & Trust (MA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$10-Not for Profit NOW
0.30%$10-Signature Checking
0.30%$10-IOLTA
0.15%$10-Direct Checking
0.15%$10-Business Capital Checking

New Valley Bank & Trust (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.16%$500-60 Month CD
1.16%$500-Business 60 Month CD
1.01%$500-48 Month CD
1.01%$500-Business 48 Month CD
0.80%$500-36 Month CD
0.80%$500-Business 36 Month CD
0.70%$500-24 Month CD
0.70%$500-Business 24 Month CD
0.60%$500-18 Month CD
0.60%$500-Business 18 Month CD
0.45%$500-12 Month CD
0.45%$500-Business 12 Month CD
0.35%$500-6 Month CD
0.35%$500-Business 6 Month CD
0.15%$500-3 Month CD
0.15%$500-Business 3 Month CD

New Valley Bank & Trust (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.16%$500-60 Month IRA
1.16%$500-Business 60 Month IRA
1.01%$500-48 Month IRA
1.01%$500-Business 48 Month IRA
0.80%$500-36 Month IRA
0.80%$500-Business 36 Month IRA
0.70%$500-24 Month IRA
0.70%$500-Business 24 Month IRA
0.60%$500-18 Month IRA
0.60%$500-Business 18 Month IRA
0.45%$500-12 Month IRA
0.45%$500-Business 12 Month IRA
0.35%$500-6 Month IRA
0.35%$500-Business 6 Month IRA
0.15%$500-3 Month IRA
0.15%$500-Business 3 Month IRA
Locations


New Valley Bank & Trust (MA) Locations
New Valley Bank & TrustOne Monarch Place Suite 910Springfield, MA 01144
Springfield Branch1930 Wilbraham RoadSpringfield, MA 01129

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