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Compare Sovereign Bank CD Rates and Savings Accounts to MoneyAisle

  • About Sovereign Bank:
    Sovereign Bank, the 20th largest bank in the U.S., is headquartered in Wyomissing. Sovereign is the 4th largest bank in PA.
  • As of 3/31/2009, Sovereign Bank has 860 branches and 11,399 full-time employees.
  • The current holding company of Sovereign, established on 1/1/1907 is BANCO SANTANDER, S.A..
  • Sovereign has $85.3 Billion in total assets and the net operating income of Sovereign Bank is -$679 Million.
  • Sovereign Bank is just one of the many FDIC-insured banks in the U.S. If you are looking for the best CD Rates, having many banks compete against each other is one of the best ways to find great rates. Try it now: Compare Sovereign Bank to MoneyAisle's Live Auction CD rates.

Sovereign Bank - Fast Facts

  • Bank Legal Name: Sovereign Bank
  • FDIC #: 29950
  • Headquarters: Wyomissing, PA
  • Date Established: January 01, 1907

BANCO SANTANDER, S.A. - Financials

BANCO SANTANDER, S.A. is the holding company for Sovereign Bank (FDIC #29950). Financials below apply to BANCO SANTANDER, S.A. holding company.

Q4-08 Q1-09 Change
Rank in US by Asset Size 20 20 0
Total Assets $86 B $85 B $820 M
Cash & Balances Due from Depository Institution $1,139 M $6,564 M $5,426 M
Total Deposits $53 B $55 B $2,028 M
Total Liabilities $77 B $76 B $841 M
Net Operating Income $241 M $679 M $438 M
Net Interest Income $2,278 M $406 M $1,873 M
Branches 860 860 0
Employees 12,124 11,399 725

Data from FDIC as of 12/31/2008 and 3/31/2009

Recent National Live Auction CD Rates
for March 20, 2010

Term National Avg APY* Overnight
Auction APY
High-Yield Savings Account Rates 0.20% 1.50%
3 Month CD Rates 0.29% 1.01%
9 Month CD Rates 0.69% 1.26%
1 Year CD Rates 0.69% 1.70%
2 Year CD Rates 1.16% 2.06%

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*Source: TheStreet.com

†Overnight Auction APY is a sample rate for a nightly auction for a $50,000 deposit.

* Annual Percentage Yield ("APY")