Apple Bank for Savings
Branches
Your current location is: New York, NY
Apple Bank for Savings Locations
Rates - February 20, 2019
Your current location is: New York, NY
CD RATES | APY | MIN | MAX | |
---|---|---|---|---|
3 Mo CD
|
1.60% | $1,000 | - | Compare |
6 Mo CD
|
2.15% | $1,000 | - | Compare |
12 Mo CD
|
2.50% | $1,000 | - | Compare |
18 Mo CD
|
2.55% | $1,000 | - | Compare |
24 Mo CD
|
2.60% | $1,000 | - | Compare |
30 Mo CD
|
2.60% | $1,000 | - | Compare |
36 Mo CD
|
2.70% | $1,000 | - | Compare |
48 Mo CD
|
2.75% | $1,000 | - | Compare |
60 Mo CD
|
2.80% | $1,000 | - | Compare |
SAVINGS RATES | APY | MIN | MAX | |
---|---|---|---|---|
Savings
|
0.10% | $250 | - | Compare |
Compare with 2.45% APY Savings Builder from CIT Bank | Advertiser Disclosure
|
||||
SAV
|
1.60% | $2,500 | - | Compare |
Compare with 2.45% APY Savings Builder from CIT Bank | Advertiser Disclosure
|
MM RATES | APY | MIN | MAX | |
---|---|---|---|---|
Money Market
|
1.25% | $2,500 | $24,999 | Compare |
Money Market
|
1.25% | $25,000 | $49,999 | Compare |
PREMM RATES | APY | MIN | MAX | |
---|---|---|---|---|
Premium Money Market
|
1.54% | $25,000 | $49,999 | Compare |
FIXED IRA RATES | APY | MIN | MAX | |
---|---|---|---|---|
Fixed IRA
|
2.50% | $1,000 | - |
VARIABLE IRA RATES | APY | MIN | MAX | |
---|---|---|---|---|
Var IRA
|
1.77% | $1,000 | - |
INT CHECKING RATES | APY | MIN | MAX | |
---|---|---|---|---|
Int Ckg
|
0.50% | $2,500 | - |
Overview 2019
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 16068 |
Date Established | 1863 |
Assets | $13.62 billion |
Loans | $10.14 billion |
Deposits | $12.37 billion |
Capital | $1.16 billion |
Summary Balance Sheet
ASSETS | |
Cash & Balances due from depository institutions | $0.65 billion |
Interest-bearing balances | $0.58 billion |
Total securities | $2.10 billion |
Federal funds sold and reverse repurchase | $0.05 billion |
Net loans and leases | $10.14 billion |
Loan loss allowance | $0.03 billion |
Trading account assets | $0.26 billion |
Bank premises and fixed assets | $0.00 billion |
Other real estate owned | $0.00 billion |
Goodwill and other intangibles | $0.27 billion |
All other assets | $0.12 billion |
Total Assets | $12.46 billion |
LIABILITIES | |
Total deposits | $12.37 billion |
Interest-bearing deposits | $12.10 billion |
Deposits held in domestic offices | $12.37 billion |
% insured (estimated) | 74.05% |
Federal funds purchased and repurchase agreements | $0.00 billion |
Trading liabilities | $0.00 billion |
Other borrowed funds | $0.00 billion |
Subordinated debt | $0.00 billion |
All other liabilities | $0.09 billion |
Total Liabilities | $12.46 billion |
Shareholders’ Equity | $1.16 billion |
Summary Income Statement
INCOME AND EXPENSES | |
Total Interest Income | $0.33 billion |
Total Interest Expense | $0.09 billion |
Net interest income | $0.24 billion |
Provision for loan and lease losses | $0.00 billion |
Total non interest income | $0.01 billion |
Total non interest expense | $0.16 billion |
Pre-tax Net Operating Income | $0.10 billion |
Apple Bank for Savings is an FDIC insured institution headquartered at
1395 Northern Boulevard, Manhasset, NY 11030.
It was founded in
1863 and has approximately $14 billion in
assets. Customers can open an account at one of its 80 branches.
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL SAVINGSBankNEW YORK$50,000N.A.0.10%0.49x (National Avg. - 0.20%)$250-SCENARIO
Year Rate
0.10%Annual
InterestAnnual Interest
(After Tax)1 50,000 50 35 2 50,050 50 35 3 50,100 50 35 4 50,150 50 35 5 50,200 50 35 6 50,251 50 35 7 50,301 50 35 8 50,351 50 35 9 50,401 50 35 10 50,452 50 35 11 50,502 51 35 12 50,553 51 35 13 50,603 51 35 14 50,654 51 35 15 50,705 51 35 16 50,755 51 36 17 50,806 51 36 18 50,857 51 36 19 50,908 51 36 20 50,959 51 36 TOTAL $1,010 $707 - 2ONLINE SAVINGSOnline Bank-$50,000N.A.2.45%12.01x (National Avg. - 0.20%)$25,000-SCENARIO
Year Rate
2.45%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,225 858 2 51,225 1,255 879 3 52,480 1,286 900 4 53,766 1,317 922 5 55,083 1,350 945 6 56,433 1,383 968 7 57,815 1,416 992 8 59,232 1,451 1,016 9 60,683 1,487 1,041 10 62,170 1,523 1,066 11 63,693 1,560 1,092 12 65,253 1,599 1,119 13 66,852 1,638 1,147 14 68,490 1,678 1,175 15 70,168 1,719 1,203 16 71,887 1,761 1,233 17 73,648 1,804 1,263 18 75,452 1,849 1,294 19 77,301 1,894 1,326 20 79,195 1,940 1,358 TOTAL $31,135 $21,795