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iAdvertiser Disclosure
Advertiser Disclosure
Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.
 Modern Bank Rates & Review August 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated and Verified: August 28, 2026
Modern Bank's 12-Months 12-Month Certificate of Deposits Consumer rates are at 4.20%, 6-Months 6-Month Certificate of Deposits Consumer rates are at 4.15%, 3-Months 3-Month Certificate of Deposits Consumer rates are at 4.10%, 18-Months 18-Month Certificate of Deposits Consumer rates are at 4.05%, 24-Months 24-Month Certificate of Deposits Consumer rates are at 3.75%. MonitorBankRates evaluates the financial stability of Modern Bank with a 4.8 Star Rating, an B+ Overall Health Grade, and a Texas Ratio of 17.39%. Rates last updated and verified on 08/28/2026. Modern Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Modern Bank? Share your experience about Modern Bank by leaving a review below, or read customer reviews before you decide to use Modern Bank. 
Modern Bank CD Rates
Methodology & Data SourcesMonitorBankRates Star Rating: Our rating for Modern Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions. Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health. Rate Data Aggregation: We gather Modern Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Modern Bank's official website for the most current offers and terms.
Bank Profile & Overview
Institution Name
Modern Bank
Bank Holding Company
MODERN BANK MANAGEMENT LLC
Address
410 Park Ave,
New York, NY 10022 · New York
Website
https://www.modernbank.com
FDIC Certificate #
22398
Established
01/01/1977
FDIC Insurance Date
01/01/1977
Domestic Offices
2
Total Branches
2
Regulator
OCC
FDIC Insured
✓ Yes — Up to $250,000
Financial Health & AssetsB+
Overall Health Grade
Score: 89/100
4.8
Exceptional
Out of 5.0 Stars
17.39%
Texas Ratio
Nat'l avg: 5.85%
Return on Assets (ROA)
0.3038%
Return on Equity (ROE)
2.9400%
Non-Performing Loans (NPL)
2.25%
Total Assets
$664,062,000
Total Deposits
$512,893,000
Equity Capital
$66,973,000
Net Income
$-20,280,000
Headquarters
New York
Total Branches and Offices
2
Source: FDIC | Last Updated 12/31/2025
Customer ReviewsGCKV
March 18, 2024
Great bank with top rates and excellent service.
GCKV
March 17, 2024
Great bank with top rates and excellent service.
GCKV
March 13, 2024
Great bank with top rates and excellent service.
GCKV
March 13, 2024
Great bank with top rates and excellent service.
Want to discuss Modern Bank with other members?
Visit our Community Reviews hub to see all reviews, ask questions, and join the conversation.
Add Your Rating and Review for Modern Bank
Frequently Asked Questions About Modern BankHow many branches does Modern Bank operate?Modern Bank currently maintains approximately 2 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is there a first-time homebuyer program?Currently, Modern Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, Modern Bank provides members with tools to manage their accounts and build a solid financial history. Does Modern Bank offer online and mobile banking?Most modern institutions like Modern Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.modernbank.com. Current Modern Bank Rates
Retrieved from our database of financial products. Rates subject to change.
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