ALMA Certificates of Deposit earn a competitive fixed rate of interest until they mature. Generally, the longer the maturity date, the higher the yield. FDIC insurance allows for worry-free investing. We offer a broad range of maturities from short to long-term based on your investment horizon. Rates are guaranteed for the term you select. Apple Bank for Savings is an FDIC insured bank located in New York and has 16332133 in assets. Customers can open an account at one of its 80 Branches. Apple Bank for Savings Customer Reviews, Frequently Asked Questions, Rates, Branches, Related Articles, and Financial Summary - 2021. Apple Bank’s CDs offer some of the highest rates we’ve seen across banks with physical branches, and the New York-based financial institution even gives some online banks a run for their money. For instance, Apple Bank’s six-month CD offers an APY of 0.25%. Its counterpart at Capital One only has an APY of 0.20%. You can also get a more liquid account at Capital One: With the bank’s 360 Performance Savings account, you can enjoy an FDIC-insured account that offers a very competitive rate. .APR = Annual Percentage Rate as of and includes a 0.25% Direct Deposit rate discount; subject to change at any time. Rates are based on an evaluation of applicant credit and amount financed. Your actual APR will be disclosed at the time of disbursement. Not all applicants will qualify for the lowest rate.
A Certificate of Deposit (CD) is a smart way to diversify your savings while ensuring your money will grow at a steady rate. Not only are you guaranteed a specific rate and term, there are no hidden charges or fees, and all CDs have the protection of FDIC insurance.
With as little as $1,000, you can open a CD with terms ranging from 6 months to 5 years. From time to time, we also offer No Penalty CDs with options for penalty-free withdrawals.*
All of our CDs feature:
- Guaranteed rates
- Online account access
- Automatic renewal
- If you live, work or own a home in Vermont, stop in to any branch to open an account today.
This account will automatically renew at maturity. You will have 10 calendar days after the maturity date to withdraw funds or change the term without penalty.
*For No Penalty CDs, a penalty may be imposed for early withdrawal. The interest rate and annual percent yield will be in effect for the account until the maturity date. This is a limited-time offer.
SmartAsset's Overall Rating
4.3/5Rates | 4.0 |
Fees | 5.0 |
Service Quality | 3.0 |
Financial Health | 5.0 |
Key Highlights
- Low Fees
- Mobile App
- Multiple Banking Products
Overview
Started in 1863, Apple Bank for Savings has $13 billion in assets and $12 billion in deposits, which makes the institution a very large bank. Apple Bank for Savings, whose headquarters are in Manhasset, New York, lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. On the whole, Apple Bank for Savings is a solid contender in your bank search, with a rating of 4.3 out of 5 stars from our experts. Apple Bank for Savings provides customers with a mixture of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Apple Bank for Savings has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, Apple Bank for Savings's ordinary checking account does not have a monthly fee. Banks that offer free checking as well as a high interest rate savings account are your best option for accruing the most income on your deposits while having convenient access to your money.
How We Rated It
SmartAsset's Overall Rating
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
When a component rating is unavailable, the overall rating is calculated as an average of the remaining available ratings.
Apple Bank Cd Rates New York
Apple Bank for Savings features a savings rate of 0.10%, which is poor compared to the national average. Apple Bank for Savings's one-year CD earns at a rate of 2.50% and the five-year CD earns at a rate of 2.80%, while its highest-yielding money market account has an APY of 1.25%. Given its noncompetitive savings rate, you should consider looking elsewhere to open savings accounts.
How Apple Bank for Savings's Savings Rates Compare
Fees
On average, Apple Bank for Savings charges its customers extremely low fees compared to the average U.S. bank. With no monthly fee, Apple Bank for Savings is ideal for those who want a simple checking account. Apple Bank for Savings unfortunately does not refund out-of-network ATM charges, which means you will have to locate an Apple Bank for Savings ATM or pay the fee.
Apple Bank for Savings is a brick-and-mortar bank, with 80 total bank locations in New York. With mobile and web apps, Apple Bank for Savings makes mobile banking easy, even on the go. It does not provide access to all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 8:30 a.m. to 9:00 p.m. ET; Saturday, and 9:00 a.m. to 3:00 p.m. ET. Apple Bank for Savings's online and mobile banking platforms get poor scores from users. The Apple Bank for Savings mobile app has an overall rating of 3.3 out of 5 (with 86 reviews on Apple and Android) compared to the national average of 3.8. You can use Apple Bank for Savings's mobile app to manage your finances by checking current statements, sending and receiving money as well as accessing customer service. Apple Bank for Savings gets a superb consumer satisfaction rating based on comparatively few complaints brought to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.
Financial Health
Apple Bank Cd Rates Calculator
SmartAsset Average: 4.8Apple Bank for Savings ranks as a very large bank owning assets totaling $13 billion as well as $12 billion in deposits. It has an excellent Texas Ratio of 0.22%, signifying a low possibility of failure. Additionally, Apple Bank for Savings is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
Texas Ratio Analysis
The Texas Ratio, a measure of a 'bad assets' against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.
Compare Apple Bank for Savings to Other Competitive Offers
Products Offered
| Product | Minimum Balance for APY | |
|---|---|---|
| Savings Account | 0.1% APY | $250 |
| Checking Account | 0.5% APY | $2500 |
| Certificates of Deposit |
| $1000 for all terms |
| Money Market Accounts | 1.25% APY 1.25% APY | $10000 $15000 |
Apple Bank for Savings has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Apple Bank for Savings does not have the best savings rate, which means you should consider looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Apple Bank for Savings's CD rates are fair in comparison to the national average.
Find a Apple Bank for Savings Near Me
Apple Bank for Savings has 80 physical locations across the U.S.
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Apple Bank Locations
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