Average User Rating:3 star rating based on 2 reviews.
Broadway Federal Bank
Broadway Federal Bank Locations| 4800 Wilshire Boulevard Los Angeles, CA 90010 323.634.1700 www.broadwayfed.com  |
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Broadway Federal Bank is headquartered in Los Angeles and is the 94th largest bank in the state of California. It is also the 1,559th largest bank in the nation. It was established in 1947 and as of September of 2011, it had grown to 74 employees at 5 locations. Broadway Federal Bank has a 1-star health rating.
Related Posts
Broadway Federal Bank continues to offer top mid-term and long-term CD rates. I last reported on the bank on May 1st when the bank raised its 24-month internet CD rate to 2.53% APY. This 24-month CD ...
Broadway Federal Bank has increased the rate on its 2-year online CD from 2.02% to 2.53% APY. Minimum deposit is $1,000. This is listed at Broadway Federal's home page and on its Open-An-Account page ...
I received an email this morning from a reader who asked about the highest CD rate available in Southern California. The reader had a 5-year CD that was maturing, and she wanted to roll it over into ...
Update 7/22/09: The 24-month CD rate has fallen to 2.53% APY.Broadway Federal Bank has just started offering a very competitive 24-month online CD with a 3.05% APY. Minimum deposit is $1,000. This rate is listed on the bank's home page as of 7/01/09.Last...
2009
2008
Data for Q3 2011
Institution Statistics
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Institution Health
Overall Score:
1 out of 5 
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Broadway Federal Bank Review
- tomlawler - Wednesday, June 16, 2010 - 3:55 PMI had a poor experience with this outfit last week. Their 3.56% 6-year CD attracted my attention so I called their LA office last Monday (6/710). By the way, their phone system is just plain horrible as it takes several options to finally get a live person. When I finally do get a person, whose name I'll omit, she states that the rate was still in effect. I tell her that's great and I'll get my check and application (printed from their website) in the mail immediately by priority mail. I do so and it's postmarked that very day. Two days later I get a call back from the same rep saying that the rate has dropped over a full percentage point. Obviously I no longer want the CD, but I inquire why I shouldn't get the promo due to the postmark on my application. She had no good answer. Long story short: This bank wasted my time and is not user friendly.
PS Depositaccounts.com needs to remove Broadway Federal from the 6+ year CD offers. The 3.56% yield is no longer available as of 6/8/10.
Opened A Two Year CD Online.
Opened a two-year CD online on 05/31/2010, at 2.51%. I sent them a check on 06/08/2010 and it was received by 06/10/2010, but the rates dropped to 2%, then to 1.5% in the meantime for the two-year CD. I was concerned about this, but since they guaranteed the rate to me, everything work out fine. They answered the phone each time I called, which was two phone calls, and answered after 4-5 rings. The customer service representative informed me that my rate at the time of opening the account was good for thirty days, which I got in writing, both in e-mail and regular mail. I informed the service representative that I would write a positive review, because everything went great. Of course, I appreciate the updates that this website has for the best rates at banks and credit unions.