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877-998-2265
1111 Brickell Avenue
Miami, FL 33131

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VirtualBank's 12-Month eCD Reaches 1.71% APY - 11/1/2017

VirtualBank, a division of IBERIABANK, has raised the rate on its 12-month eCD to 1.71% APY. The minimum deposit is $10k, with no stated balance cap.

VirtualBank Ups eCD Rates - 8/28/2017

VirtualBank (internet bank) has raised the rates on its 12-month eCD (1.56% APY) and 2-year eCD (1.81% APY). The minimum opening deposit is $10k.

Virtualbank's Parent Bank Being Acquired By IBERIABANK - 7/17/2017

A reader just forwarded me an email she received from VirtualBank informing her of the pending acquisition of VirtualBank's parent, Sabadell United Bank. The good news is that VirtualBank will continue under the same name. We'll have to wait and see how this affects VirtualBank's rates. Below is an excerpt of the email: In February 2017, Banco de Sabadell, S.A. entered into a definitive agreement to sell Sabadell United Bank, N.A., which includes the VirtualBank division, to IBERIABANK Corporation. The transaction has received regulatory approval and is expected to close on July 31, 2017. VirtualBank will continue to operate under the same name. On August 1, 2017, VirtualBank will become a division of IBERIABANK. At this time, your banking services will not be affected by this change. You may continue to conduct your banking transactions just as you do now. In September, you will receive a comprehensive Client Information Guide as well as other pertinent details as

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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.

Rude And Snarky Csrs

Posted by: sjh13 | Oct 27, 2017

I had some questions, after the new website launched, and since Virtual Bank was taken over by Iberia Bank. They had unsubscribed me from electronic statements, and I was receiving an error message when I tried to access my statements online.

The phone number they tell you to call for help is NOT for Virtual Bank, it's for Iberia Bank, and so I was told to email them my concerns.

I did so, and got a rather snarky reply, that they had mailed all this info to my "last know address", but they would now put me on paperless statements.

So...they may have nice rates, but they sure are snippy and not so pleasant to deal with, even by email.

Virtualbank Introduces Monthly Maintenance Fee

Got this email:



Our goal is to be your primary bank – to support all of your savings and checking needs. That is why we are investing in these important upgrades. However, these upgrades are costly, and to help cover our expenses we will begin charging a small monthly maintenance fee on low balance eMoney Market accounts as of Jan 31st 2013.

How small is the fee? $5.00. What is the minimum balance? $100. Same as the minimum opening balance. This means that if you keep a monthly average collected balance of just $100 in your eMoney Market account, you will not be charged a maintenance fee.

For more information go to https://www.virtualbank.com/ServCharge0512.pdf

Thank you for your business, and please let us know how we can serve you better. We look forward to continuing to bring you the very best in internet banking.

Ernest Hartner
President
VirtualBank

 

 

So I said: "Goodbye Ernest."

No Such Bank?

Posted by: Abbie | Jun 13, 2017

According to the FDIC website this bank under this name & FDIC # 35356) hasnt been in business since either 200 or 2011 depending on how you read the info. It was taken over by Sabadel Bank (FDIC 21837). Why is it still listed under this name?

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Health

Health Grade Components

Overall
FDIC Certificate #21837
Year Established1974
Employees459
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.01%
Return on Equity - YTD9.23%
Annual Interest Income$97.4MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$5.73B$5.45B
LoansQ2 2017vs Q2 2016$4.07B$3.69B
DepositsQ2 2017vs Q2 2016$4.37B$4.30B
Equity CapitalQ2 2017vs Q2 2016$645.7MM$604.2MM
Loan Loss AllowanceQ2 2017vs Q2 2016$41.3MM$47.4MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$34.3MM$55.9MM
Real Estate OwnedQ2 2017vs Q2 2016$1.3MM$1.9MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$250k*-Jumbo eMoneyMarket
OTHER TIERS: 0.25% Up to $250k
0.80%--eMoneyMarket

Virtual Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$50k*-eChecking
OTHER TIERS: 0.25% Up to $2,500 | 0.30% $2,500 - $10k | 0.35% $10k - $25k | 0.50% $25k - $50k

Virtual Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.34%$10k-60 Month eCD
1.84%$10k-24 Month eCD
1.79%$10k-48 Month eCD
1.69%$10k-12 Month eCD
1.66%$10k-36 Month eCD
1.57%$10k-18 Month eCD
1.30%$10k-9 Month eCD
1.29%$10k-6 Month eCD
0.82%$10k-3 Month eCD
0.15%$10k-1 Month eCD
0.15%$10k-2 Month eCD
Locations

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