What are the current interest rates at Hanover Community Bank?

Current rates for Hanover Community Bank include: 12-Month CD: 3.00%, 18-Month CD: 3.00%, 24-Month CD: 3.00%, 36-Month CD: 3.00%, 60-Month CD: 3.00%, Savings: 0.05%, MMA: 1.50%

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Hanover Community Bank

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Hanover Community Bank Rates & Review September 2026

Q: How many branches does Hanover Community Bank operate?

Hanover Community Bank currently maintains approximately 10 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Hanover Community 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.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Hanover Community Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: September 18, 2026

Hanover Community Bank's 13-Month CD rates are at 4.00%, 6-Month CD rates are at 3.65%, 8-Month CD rates are at 3.50%, 3-Month CD rates are at 3.40%, 12-Month CD rates are at 3.00%. Hanover Community Bank's savings rates are at 0.05%. Hanover Community Bank's money market rates are at 1.50%. MonitorBankRates evaluates the financial stability of Hanover Community Bank with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 12.29%. Rates last updated and verified on 09/18/2026.

Hanover Community 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 Hanover Community Bank? Share your experience about Hanover Community Bank by leaving a review below, or read customer reviews before you decide to use Hanover Community Bank.

Verified Healthy 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

Excellent Health Score: 94/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

12.29%

Excellent Higher than avg

Health Trend

Worsening 12 quarters

Full history ›

Hanover Community Bank

2131 Jericho Tpke
Garden City Park, NY 11040

https://www.hanoverbank.com

Hanover Community Bank CD Rates

Product	Rate	APY	Term
13 Month CD	3.92%	4.00%	13 Month
Min Deposit $500 Min Balance $500 Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
6 Month CD	3.58%	3.65%	6 Month
Min Deposit $500 Min Balance $500 Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
8 Month CD	3.44%	3.50%	8 Month
Min Deposit $500 Min Balance $500 Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
3 Month CD	3.34%	3.40%	3 Month
Min Deposit $500 Min Balance $500 Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
12 Month CD	2.96%	3.00%	12 Month
Min Deposit $500 Min Balance $500 Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
15 Month CD	2.96%	3.00%	15 Month
Min Deposit $500 Min Balance $500 Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
18 Month CD	2.96%	3.00%	18 Month
Min Deposit $500 Min Balance $500 Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
24 Month CD	2.96%	3.00%	24 Month
Min Deposit $500 Min Balance $500 Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
36 Month CD	2.96%	3.00%	36 Month
Min Deposit $500 Min Balance $500 Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
60 Month CD	2.96%	3.00%	60 Month
Min Deposit $500 Min Balance $500 Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%

Hanover Community Bank Savings Rates

Product	Rate	APY
Max Saver Savings	3.20%	3.25%
Min Deposit $100 Details On balances up to and including $100,000, when linked checking account qualifications are met. On balances over $100,000, 0.19% on the portion of the daily balance over $100,000, resulting in a range from 3.50% to 1.85% APY depending on the account's daily balance. APYs accurate as of 07/03/2024. Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
Max Saver Savings	0.05%	0.05%
Min Deposit $100 Details On all balances when linked checking account qualifications are not met. Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%

Hanover Community Bank Money Market Rates

Product	Rate	APY
High Value Business Money Market	-	3.25%
Min Deposit $25,000 Min Balance $25,000 Details New money only. Daily balances at or below $24,999.99 earn an APY of 1.50%. This account has no check writing privileges. Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
Elite High Yield Personal Money Market	-	2.85%
Min Deposit $5,000 Min Balance $5,000 Details Variable rate product. The Annual Percentage Yield (APY) is effective as of 10/30/2025 and is subject to change at any time, after account opening. Minimum balance required to open and earn APY is $5,000.00. Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
Premium High Yield Money Market	2.81%	2.85%
Min Deposit $25,000 Min Balance $250,000 Details Tier 4: If your daily balance is $250,000.00 up to $499,999.99 you will earn an interest rate of 2.81% with a 2.85% APY. Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
Premium High Yield Money Market	2.71%	2.75%
Min Deposit $25,000 Min Balance $100,000 Details Tier 3: If your daily balance is $100,000.00 up to $249,999.99 you will earn an interest rate of 2.71% with a 2.75% APY. Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
Premium High Yield Money Market	2.56%	2.60%
Min Deposit $25,000 Min Balance $25,000 Details Tier 2: If your daily balance is $25,000.00 up to $99,999.99 you will earn an interest rate of 2.56% with 2.60% APY. Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
High Yield Business Money Market	-	1.50%
Min Deposit $5,000 Min Balance $5,000 Details New money only. Daily balances below $5,000 earn no interest or APY. This account has no check writing privileges. Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%

Hanover Community Bank Checking Rates

Product	Rate	APY
Max Cash Checking	5.37%	5.50%
Min Deposit $100 Details Qualifications Required: At least 12 debit card purchases; At least 1 direct deposit or ACH transaction(s); Be enrolled in and agree to receive eStatements; Be enrolled in and log into online banking or mobile banking; On balances as much as $25,000, when qualifications are met. On balances over $25,000, 0.49% on the portion of the daily balance over $25,000, resulting in a range from 5.75% to 1.55% APY depending on the account's daily balance. Refunds on ATM withdrawal fees nationwide, (up to $25 monthly) when qualifications are met. APYs accurate as of 10/01/2023. Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%
Max Cash Checking	-	0.05%
Min Deposit $100 Details On all balances when qualifications aren't met. Refunds on ATM withdrawal fees nationwide, (up to $25 monthly) when qualifications are met. Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 12.29%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Financial Health History

Hanover Community Bank’s Texas Ratio rose from 7.19% in Q3 2023 to 12.29% in Q2 2026, so its financial health has weakened over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a bank must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$2.3B	12.29%	5.0	A
March 31, 2026	$2.4B	10.95%	5.0	A
December 31, 2025	$2.4B	9.94%	5.0	A
September 30, 2025	$2.3B	7.63%	5.0	A
June 30, 2025	$2.3B	7.79%	5.0	A
March 31, 2025	$2.3B	5.30%	5.0	A+
December 31, 2024	$2.3B	7.45%	5.0	A
September 30, 2024	$2.3B	7.14%	5.0	A
June 30, 2024	$2.3B	7.42%	5.0	A
March 31, 2024	$2.3B	8.39%	5.0	A
December 31, 2023	$2.3B	6.93%	5.0	A
September 30, 2023	$2.1B	7.19%	5.0	A

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Hanover Community 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 Hanover Community 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 Hanover Community Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Hanover Community Bank

Bank Holding Company HANOVER BCORP INC

Address 2131 Jericho Tpke, Garden City Park, NY 11040 · Nassau

Website https://www.hanoverbank.com

FDIC Certificate # 58675

Established 20090121

FDIC Insurance Date 20090121

Domestic Offices 10

Total Branches 10

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

Overall Health Grade Score: 94/100

5.0

Exceptional Out of 5.0 Stars

12.29%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.6277%

Return on Equity (ROE) 6.4400%

Non-Performing Loans (NPL) 1.21%

Total Assets $2,334,897,000

Total Deposits $2,013,015,000

Equity Capital $235,901,000

Net Income $7,413,000

Headquarters Garden City Park

Total Branches and Offices 10

Source: FDIC | Last Updated 06/30/2026

2026 MBR Health & Safety Badge

Hanover Community Bank earned the Verified Healthy badge

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Frequently Asked Questions About Hanover Community Bank

How many branches does Hanover Community Bank operate?

Hanover Community Bank currently maintains approximately 10 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, Hanover Community 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, Hanover Community Bank provides members with tools to manage their accounts and build a solid financial history.

Does Hanover Community Bank offer online and mobile banking?

Most modern institutions like Hanover Community 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.hanoverbank.com.