What type of bank is Apple Bank?
Apple Bank for Savings is a savings bank headquartered in Manhasset, New York and operating in the New York metropolitan area.
What bank is Apple Bank?
We're New York's bank, committed to you since 1863.
While many of those institutions have disappeared into history, Apple Bank continues to stand strong, tracing its roots to the founding bank that was established in 1863 in the Dutch community of Haarlem, New York.
Is Apple Bank a commercial bank?
Apple Bank, established in 1863, provides consumer and commercial banking services in greater New York through its branch network and online banking platform and is an active lender in the commercial real estate and corporate banking sectors.
Is Apple Bank a stable bank?
Apple Bank has been profitable annually for over 30 years, reflecting a long history of conservative financial management. Apple Bank's balance sheet is comprised primarily of high-quality loans and securities, and its capital ratios remain strong.
Is Apple Bank an online bank?
Bank with Apple Bank in the NYC metro area, or enjoy online banking.
Who is Apple Bank backed by?
Apple Savings
Savings provided by Goldman Sachs Bank USA, Member FDIC.
Is Apple Bank for savings safe?
Funds in this account are federally insured up to the FDIC's insurance limits. FDIC insurance generally covers bank account balances up to $250,000 per person, per institution and per ownership category. According to the deposit account terms from Goldman Sachs Bank, you can deposit a maximum amount of $1,000,000.
Is Apple Bank private?
As a privately owned institution, Apple Bank is the largest state-chartered savings bank in New York State, with $16.8 billion in assets as of December 31, 2022 and 84 offices in the five boroughs of New York City, Long Island, Westchester and Rockland Counties, and in New Jersey.
Does Apple Bank have Zelle?
You can send, request, or receive money with Zelle®. To get started, log into Apple Bank's mobile app. In the main menu, select "Send money with Zelle®."
What kind of banks are commercial banks?
Commercial banks serve consumers and small and medium-sized businesses, providing loans, bank accounts, and credit cards. They can also offer online banking, real estate loans, and limited investment opportunities. Investment banks cater to investors, governments, and corporations.
Is Apple Bank in financial trouble?
Financial Report as of December 31, 2023
Apple Bank has been profitable annually for over 30 years reflecting a long history of conservative financial management. Apple Bank's balance sheet is comprised primarily of high-quality loans and securities, and its capital ratios remain strong.
What rank is Apple Bank?
Apple Bank for Savings is headquartered in NEW YORK and is the 7th largest bank in the state of New York. It is also the 110th largest bank in the nation. It was established in 1863 and as of December of 2023, it had grown to 1,346 employees at 85 locations.
What is the safest Bank to keep your money in?
| Bank | Forbes Advisor Rating | Products |
|---|---|---|
| Chase Bank | 5.0 | Checking, Savings, CDs |
| Bank of America | 4.2 | Checking, Savings, CDs |
| Wells Fargo Bank | 4.0 | Savings, checking, money market accounts, CDs |
| Citi® | 4.0 | Checking, savings, CDs |
Does Apple Bank have direct deposit?
All checking accounts include free Direct Deposit, free Apple Bank Visa® Debit Card, free Online Banking and Bill Pay, free Mobile App*, free Mobile Deposit* and free first order of personalized checks. *Data fees from your mobile carrier may apply.
Is SoFi better than Apple savings?
In this sense alone, SoFi is a better option than Apple Savings. SoFi's account also automatically comes with a checking account, which will make it easy to manage your money in one place. On top of that, there are no fees or minimum balances, and you can receive up to a $300 welcome bonus if you set up direct deposit.
Is Apple savings good?
Benefits. High yield. The national average interest rate on savings accounts hasn't surpassed 0.50% in the last five years. The Apple Savings account yield of 4.50% is one of the top rates on the market, even with the 4.35% APY from the Capital One 360 Performance Savings.
Is Apple savings FDIC insured?
Apple savings accounts are provided by Goldman Sachs Bank and FDIC-insured up to $250,000. Apple Savings is only available to Apple Card* customers. If you don't qualify for Apple Savings, there are plenty of other high-yield savings accounts to consider.
What are the pros of Apple Bank?
- Apple CDs offer a competitive yield.
- Apple Bank offers terms that fit the needs of many savers.
- Customers get FDIC coverage on multimillion-dollar CD deposits.
What was the previous name of Apple Bank?
The Harlem Savings Bank retained headquarters at 205 East 42nd Street, and 2100 Broadway became a neighborhood branch. To reflect its geographic expansion, the bank changed its name to Apple Bank in May 1983.
Does Apple Bank charge a monthly fee?
This is a totally free checking account with no monthly maintenance charges regardless of the balance. Your initial order of personalized checks will be provided to you free of charge. Checks for the opening deposit may be payable to the primary account owner, the joint owner, or to Apple Bank directly.
How big is Apple Bank?
| Company type | private |
|---|---|
| Revenue | US$ 340.73 million (2018) |
| Net income | US$ 100.9 million (2018) |
| Total assets | US$ 14.307 billion (2018) |
| Total equity | US$ 1.196 billion (2018) |
How much can you withdraw from Apple Bank?
Dollar Limits. You may originate withdrawals or deposits through the A2A Service from or to your external Accounts in a standard processing aggregate dollar amount that is limited to $2,000 per transaction (completed) and $5,000 per calendar month.
What is the interest rate for Apple Bank?
| Minimum to Open Account | Interest Rate | |
|---|---|---|
| Simple Savings Account | $0 | 3.44% 4.21% 4.21% 4.21% |
| Apple Gold Savings | $2,500 | 3.44% 4.21% 4.21% 4.21% 4.21% |
| Youth Savings | $1 | 5.83% 0.75% |
| Business Savings | $1,000 | None 0.25% 0.25% 1.00% |
Can Apple cash be transferred to my bank account?
Transfer in 1 to 3 business days to a bank account
On iPhone: Open the Wallet app, tap your Apple Cash card, tap the More button. , then tap Transfer to Bank. . On iPad: Open the Settings app, tap Wallet & Apple Pay, tap your Apple Cash card, then tap Transfer to Bank.
What is the mobile deposit limit for Apple Bank?
The daily deposit dollar limit is $8,000 for Mobile Remote Deposit. You may deposit a maximum of nine checks per day. The aggregate monthly dollar limit is $10,000 in a rolling 30-day period. You may deposit a maximum of 20 items during a rolling 30-day period.
