Overview / Commentary
1111 Brickell Avenue
Miami, FL 33131

Related Posts

VirtualBank eMoney Market Now Earns 2.36% APY - 12/22/2018

VirtualBank (internet bank) has raised the rate on its variable rate eMoney Market account to 2.36% APY. Minimum opening deposit is $100.

Interest Rate Increase At Virtual Bank - 12/21/2018

Virtual Bank has jumped the APY on their eMoney Market account to 2.36%. You must keep at least $100 in the account at all times else they will impose a service charge.

VirtualBank Pushes 12-Month eCD Rate Up - 11/16/2018

VirtualBank has raised the rate on its 12-month eCD to 2.81% APY and is currently the rate leader for 1-year CD offered by internet banks. Minimum deposit is $10k.

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Great Rates!!

Posted by: mkt3000 | Dec 4, 2016

I found out about VirtualBank by searching for CD rates. I decided to open an account since they offered me better rates than my main bank was offering.

Overall, I've had a great experience with them. Opening my account was pretty easy. I linked my primary bank account to make my initial deposit and the rest was taken care of. I really like the fact that I can quickly transfer funds between my VirtualBank account and my main bank without any issues.

I haven't really considered VirtualBank as a primary bank, but to earn a bit of extra cash, why not.

1 Year CD No Problems

Posted by: JoseRod | Feb 6, 2019

CD easy to open online and used ACH to fund deposit. Was forced to use convoluted online message system to request funds back at CD maturity, but received a check in full early next day via FedEx.

Many Problems Opening An Account

Posted by: athas17 | Feb 10, 2019

It took them eleven days to open and fund my CD with withdrawing a check from my current bank's checking account. They had trouble with their system and I had to fill out their application online twice. One section of their website requires one to use a special character in your password from their chosen list of a very few characters, but another place on their website requires you to choose a different special character from a different list of characters. Then I had to phone them because the system was giving me problems with the temporary passwords it was sending me. It went on and on. An employee emailed me saying I had to type in the amounts of the microdeposits they'd put into my current bank, but there were none. I had to email her back and she said Oh, they won't be there until later today or maybe tomorrow. Thanks for telling me before! The only reason I continued with this account opening is because they offered a high CD rate, but I already have a bad taste in my mouth with the problems they've given me.

Top-Tier Rate, But ...

Attractive promotional rate with one-year guarantee, but that's about it. Spartan website, not up to the competition, unpredictably inaccessible. Primitive e-messaging system accepts sent messages, but doesn't retain them. Doesn't matter actually since so far all ignored. CSR's willing, but information often unreliable. No weekend telephone support. Quick ACH, then annoying 3-day hold.

Uncomfortable, moving on.



Health Grade Components

FDIC Certificate #28100
Year Established1887
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.27%
Return on Equity - YTD9.8%
Annual Interest Income$1.22B
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$30.73B$27.82B
LoansQ4 2018vs Q4 2017$22.49B$20.08B
DepositsQ4 2018vs Q4 2017$23.95B$21.64B
Equity CapitalQ4 2018vs Q4 2017$3.95B$3.61B
Loan Loss AllowanceQ4 2018vs Q4 2017$140.6MM$140.9MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$134.4MM$147.6MM
Real Estate OwnedQ4 2018vs Q4 2017$30.4MM$20.6MM
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Always verify rates and promotions with the bank or credit union. We are not Virtual 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.

Virtual Bank Money Market Rates

2.36%$100-eMoney Market Special
0.90%*$250k*-Jumbo eMoneyMarket
OTHER TIERS: 0.25% Up to $250k

Virtual Bank Checking Account Rates

OTHER TIERS: 0.25% Up to $2.5k | 0.30% $2.5k - $10k | 0.35% $10k - $25k | 0.50% $25k - $50k

Virtual Bank CD Rates

3.05%$10k-60 Month eCD
3.01%$10k-36 Month eCD
2.81%$10k-18 Month eCD
2.80%$10k-24 Month eCD
2.75%$10k-12 Month eCD
2.51%$10k-9 Month eCD
2.50%$10k-6 Month eCD
2.16%$10k-3 Month eCD
2.00%$10k-1 Month eCD
2.00%$10k-2 Month eCD
1.79%$10k-48 Month eCD

Virtual Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 1111 Brickell Avenue - Miami, FL 33131

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