Virtual Bank
Related Posts
12/21 - Interest Rate Increase At Virtual Bank
11/16 - VirtualBank Pushes 12-Month eCD Rate Up
9/29 - VirtualBank Pushes 12-Month eCD Rate Upward
5/8 - VirtualBank Adds One-Year Rate Guarantee On eMoney Market
5/8 - Virtual Bank: 12-Mo. CD, 2.27% APY; 24-Mo. CD, 2.55% APY
5/8 - 2.01% APY Emoney Market With New Money Not Currently Held By Virtual Bank
2/7 - VirtualBank's 24-Month CD Rate Moves Upward
2/3 - 12 Month CD Rate Is 2.05% Annual Percentage Yield
1/19 - VirtualBank Leads With 12-Month And 24-Month eCDs
8/28 - VirtualBank Ups eCD Rates
7/17 - Virtualbank's Parent Bank Being Acquired By IBERIABANK
4/3 - VirtualBank Increases Short-Term CD Rates
3/23 - Virtual Bank Raises Rates On 5-Year CD And Emoney Market
2/6 - VirtualBank Raises Rates On Short-Term eCDs
6/4/14 - Virtual Bank 5 Year CD Rate Drop
5/1/14 - Several Competitive CD Rates at VirtualBank
5/1/14 - Virtual Bank Raises 5-Year CD Rate
9/24/08 - Higher CD and Savings Account Rates at VirtualBank
8/6/08 - 4.34% 12-Month / 4.13% 9-Month CD at VirtualBank
10/29/07 - ING Direct / VirtualBank Referral Bonuses
8/7/07 - 5.55% 12-Month CD at VirtualBank - My Experiences with a VirtualBank CD
1/12/07 - VirtualBank's 3-Month CD up to 5.50%
10/28/06 - VirtualBank's 3-Month CD Now 5.56%
8/1/06 - Higher Short Term CD Rates at VirtualBank
6/27/06 - New Rates: 5.55% 6-Month CD at VirtualBank, 5.02% Money Market Account at Corus Bank
5/9/06 - New VirtualBank CD Rates: 5.25% 6-Month CD
4/5/06 - New VirtualBank CD Rates - 5.20% 12-Month CD
3/28/06 - New VirtualBank CD Rates - 5% 6-month CD
3/10/06 - Virtual Bank eMoney Market Referral Bonus Update
2/22/06 - VirtualBank's Money Market Account Referral System is Back Up
2/22/06 - Info on VirtualBank Money Market Account Referrals
2/15/06 - VirtualBank is Back in the Game! 4.60% Money Market
1/19/06 - New High CD Rates at Virtual Bank
9/27/05 - VirtualBank Raises Money Market Account Rate
If The High Rate Only For The 1St Year
If the high rate only for the 1st year
Poor Service And Options
I'm being generous about the 3 stars. Have had a CD here since 2015, rates were decent then. They would mail a statement every quarter although at least once I did not get it.
So trying to be patient and always balancing my numerous accounts at various banks I waited until today (5-10-18) to log in to see if I could get the info. I clicked the link to go to statements but got an error message (just some numbers). Tried this a couple times and then gave up and called.
Apparently they were bought by another bank and no longer have statements mailed or online, you have to go to transactions to get the info. I never received any info in mail or online about this.
Seems when banks make changes like this they should be required to notify you... poor management and not very good customer service, no more CDs here. I like to feel when I have thousands invested somewhere that they know what they are doing and keep me informed.
Good Until I Wanted To Withdraw
I got a multi-year CD at VirtualBank because they were offering a great interest rate. Until my CD matured, there were no problems. Two big problems came up then: (1) The bank was not accessible via internet or phone on the day my CD matured (a business day!), and (2) my money could ONLY be withdrawn via snail-mailed check. Given that mail delivery is dicey where I lived, you can imagine why I might object to that, but there was no other choice. I would not use VirtualBank again.
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.
Data as of Q3 2019
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 28100 |
| Year Established | 1887 |
| Employees | 3143 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.3% |
| Return on Equity - YTD | 9.94% |
| Annual Interest Income | $995.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $31.65B$30.03B |
| Loans | Q3 2019vs Q3 2018 | $23.79B$22.25B |
| Deposits | Q3 2019vs Q3 2018 | $25.17B$23.32B |
| Equity Capital | Q3 2019vs Q3 2018 | $4.17B$3.90B |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $146.2MM$137.0MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $153.6MM$152.1MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $27.1MM$32.4MM |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.87% | $100 | - | eMoney Market Special | |
| 0.80% | - | - | eMoneyMarket |
Virtual Bank CD Rates
Virtual Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 1111 Brickell Avenue - Miami, FL 33131