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1111 Brickell Avenue
Miami, FL 33131

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VirtualBank's 24-Month CD Rate Moves Upward - 2/7/2018

VirtualBank (internet bank) has raised the rate on its 24-month eCD to 2.36% APY. The minimum opening deposit is $10k, with no stated balance cap.

12 Month CD Rate Is 2.05% Annual Percentage Yield - 2/3/2018

CD Interest will be compounded daily and added back to principal every quarter (3 Months). Fees are subject to change and may reduce earnings; please refer to there most current rate and fee schedule for more information.

VirtualBank Leads With 12-Month And 24-Month eCDs - 1/19/2018

VirtualBank (internet bank) has raised the rates on its 12-month eCD (2.11% APY) and 24-month eCD (2.33% APY). Minimum deposit is $10k, with no stated balance cap.

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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



So I said: "Goodbye Ernest."

Won't Use Them Again

I signed for a CD because the rates were good and had it for years. Here's why I won't use them again:
1. Simple interest only, not compound. 2. They have no ability to transfer electronically in or out to other institutions, they'll only mail you a check. 3. Since Iberia Bank took over, penalty for early withdrawal is now 2% of amount withdrawn! Usually, it's an interest penalty, not a % of withdrawal. 4. When sending a confidential message through the website, they take days to respond and give no confirmation that they've even received your message. 5. Customer service is spotty ... some are nice and helpful, some are surly. Too many good banks around. Go elsewhere.



Health Grade Components

FDIC Certificate #28100
Year Established1887
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD5.29%
Annual Interest Income$913.8MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$27.82B$21.57B
LoansQ4 2017vs Q4 2016$20.08B$15.08B
DepositsQ4 2017vs Q4 2016$21.64B$17.85B
Equity CapitalQ4 2017vs Q4 2016$3.61B$2.58B
Loan Loss AllowanceQ4 2017vs Q4 2016$140.9MM$144.7MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$147.6MM$224.9MM
Real Estate OwnedQ4 2017vs Q4 2016$20.6MM$20.9MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

12 Month CD Rate Is 2.05% Annual Percentage Yield

IvoryMale   |  
CD Interest will be compounded daily and added back to principal every quarter (3 Months). Fees are subject to change and may reduce earnings; please refer to there most current rate and fee schedule for more information.

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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

0.90%*$250k*-Jumbo eMoneyMarket
OTHER TIERS: 0.25% Up to $250k

Virtual Bank CD Rates

2.65%$10k-60 Month eCD
2.20%$10k-24 Month eCD
2.10%$10k-12 Month eCD
1.79%$10k-48 Month eCD
1.66%$10k-36 Month eCD
1.57%$10k-18 Month eCD
1.56%$10k-6 Month eCD
1.30%$10k-9 Month eCD
0.82%$10k-3 Month eCD
0.15%$10k-1 Month eCD
0.15%$10k-2 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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.