Virtual Bank

Deposits held and insured by First Horizon Bank

Overview / Commentary
877-998-2265
1111 Brickell Avenue
Miami, FL 33131
Deposits held and insured by First Horizon Bank

Related Posts

Rate Drop To 1.0% 7/7/20 - 7/7/2020

They snuck in the decrease with the new statement period giving no advance notice. Respect your customers!

Rate Drop To 1.24% 3/24/20 - 3/25/2020

Virtual Bank is no longer competitive in any respect. If you plan on keeping your account open I suggest maintaining only a minimal $100 balance.

Rate Drop To 1.39% 3/6/20 - 3/6/2020

Prior rate was 1.78%. I was about to send them funds from another bank that had slashed their rate. Oh well.

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If The High Rate Only For The 1St Year

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If the high rate only for the 1st year

Very Shady Bank.. Selling Applicants Info....

After learning this bank has ads stating its paying 1.25% interest on their E money market, I decided to do the online application, and to open a Virtual Bank acc. 2 hrs after applying I get a notice stating they were unable to approve my request, and a letter turning me down, because "of Experian credit report". I have always had above 760 credit score so this was very surprising.So I went to Experian, got a current copy of my Full report,and it also proves I have EXCELLENT credit, with above 760 score! There is nothing in the report that is negative. I also have above average savings to put in a new acc.
I now feel Virtual Bank is Stealing applicants info and selling it...When I did the online app, I had to give my SS#, and much other very private info, including I had to link my present Checking/savings accs by giving routing #'s and acc #'s, before my Virtual Bank app could even be approved. When applying, I also had to agree to 5 different privacy notices that stated Virtual Bank can share ALL my info with other companies and marketers. I think they do this( bait folks with high interest rates) just to steal ALL their private info, to sell ! I will be reporting them to the appropriate gov officials... Very Shady.

Good Experience

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I opened an account with no issues about a year ago and when I needed to transfer $50,000 recently. all I had to do was let them know by logging in to my account to formally request it and they confirmed I was all set. I didn’t experience the issues others reported. Everything went smoothly and I am happy with my account and the customer service I got.

Great Rates And A Great Team

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Consistently great rates and a friendly, helpful customer service team

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Health
A

Data as of Q3 2020

Data displayed below is for insuring bank: First Horizon Bank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #4977
Year Established1864
Employees8014
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.6%
Return on Equity - YTD14.62%
Annual Interest Income$1.33B
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$82.69B$43.53B
LoansQ3 2020vs Q3 2019$59.77B$31.62B
DepositsQ3 2020vs Q3 2019$69.86B$32.31B
Equity CapitalQ3 2020vs Q3 2019$8.21B$5.26B
Loan Loss AllowanceQ3 2020vs Q3 2019$988.1MM$192.2MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$461.7MM$194.6MM
Real Estate OwnedQ3 2020vs Q3 2019$19.7MM$20.2MM
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
0.45%$100-eMoney Market Special
0.35%--eMoneyMarket

Virtual Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$10k-60 Month eCD
0.50%$10k-48 Month eCD
0.45%$10k-36 Month eCD
0.40%$10k-24 Month eCD
0.30%$10k-6 Month eCD
0.30%$10k-9 Month eCD
0.30%$10k-12 Month eCD
0.30%$10k-18 Month eCD
0.20%$10k-3 Month eCD
0.15%$10k-2 Month eCD
0.10%$10k-1 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

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 [email protected] 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.