TIAA Direct

211 North Broadway, Suite 1000
St. Louis, MO 63102
www.tiaa-cref.org

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TIAA Direct is headquartered in Saint Louis and is the 9^th largest bank in the state of Missouri. It is also the 319^st largest bank in the nation. It was established in 1998 and as of December of 2012, it had grown to 105 employees at 1 location. TIAA Direct's money market rates are 73% higher than the national average, and it boasts a 5-star health rating.

Frozen Accounts Due To Account Inactivity - 5/20/2013

Savers often come across a bank or credit union that penalizes them for account inactivity. A reader just emailed me about his experience with his TIAA Direct savings account. One day he found that he ...

TIAA Direct Drops Rates AGAIN To 0.76% APY (Forum) - 4/25/2013

TIAA-CREF Direct once again dropped rates on their High Yield Savings and Money Market accounts: this time from 0.86% APY to 0.76% APY. This is the third recent rate drop from 1% to 0.92% on March 16th, and then on April 17th to 0.86% and

TIAA Direct Rate Drops From 0.99% To 0.91% (Forum) - 3/16/2013

I guess its time to open an account with PacTrust Bank!

TIAA Direct Cuts Rates and Announces New Limits on ACH Withdrawals - 1/12/2013

After almost a year at 1.25% APY, TIAA Direct lowered the APY of its savings and money market accounts this week to 1.00%. This news only affects existing customers since TIAA Direct remains closed to ...

2012

10/8 - Update on TIAA Direct and Its Online Savings Accounts
9/14 - TIAA Direct- FDIC? Bank Title Trust/Pod How Long? (Forum)
9/2 - Thisis The Notice On Their Website In Regard To Deposit Accounts (Forum)
7/23 - TIAA Direct Stops Accepting New Customers
4/17 - Confirming that TIAA Direct Accounts Are FDIC Insured
4/10 - Update on TIAA Direct and Its Savings Account
3/17 - TIAA Direct Statement Shows Lower Interest Rate? (Forum)
2/20 - TIAA-CREF Launches New Internet Bank with Top Savings Account Rate

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See Rates for: Checking | Savings | Money Market

TIAA Direct Checking Account Rates

	Apy	Min	Max	Product
	0.15%	$25k	-	Interest Checking - existing accounts only

TIAA Direct Savings Account Rates

	Apy	Min	Max	Product
	0.76%	-	-	High Yield Savings - existing accounts only

TIAA Direct Money Market Rates

	Apy	Min	Max	Product
	0.76%	-	-	Money Market - existing accounts only

Rates updated: 5/23/2013

Data for Q4 2012

Institution Statistics

TIAA-CREF Trust Company, FSB
FDIC Certificate #	34723
BankRate Report	View
Year Established	1998
Employees	105
Primary Regulator	OCC
Assets and Liabilities
Assets	$2.31 billion
Loans	$100.07 million
Deposits	$2.02 billion
Equity Capital	$269.27 million
Loan Loss Allowance	$1.20 million
Historic Data - December 2011
Assets	$495.22 million
Equity Capital	$57.33 million
Loan Loss Allowance	$22,000
Profit Margin - Quarterly
Net Interest Margin	0.25%
Return on Assets	-1.1%
Return on Equity	-11.91%
Interest Income	$14.59 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 TIAA Direct had $0 in non-current loans and owned real-estate with $270.47 million in equity and loan loss allowances on hand to cover it. This gives TIAA Direct a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Deposit Growth
In the past year, TIAA Direct has increased its total deposits by $1.59 billion, resulting in 366.11% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth TIAA Direct has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. TIAA Direct has $2.31 billion in assets with $270.47 million in equity, resulting in a capitalization level of 11.72%, which is above average.

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TIAA Direct

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