Washington Federal

425 Pike Street
Seattle, WA 98101
1-800-324-9375
www.washingtonfederal.com

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Washington Federal is headquartered in Seattle and is the largest bank in the state of Washington. It is also the 91^st largest bank in the nation. It was established in 1917 and as of December of 2012, it had grown to 1,430 employees at 191 locations. Washington Federal has a 5-star health rating.

Special 7-Month CD Rate at Washington Federal in Western States - 3/5/2013

Washington Federal is offering a special short-term CD. It has a 7-month CD with a 1.00% APY. Minimum deposit is $1,000, and the maximum is $250,000. Thanks to DA reader Pearlbrown who first noted thi ...

Washington Federal 7Mo CD Special 1% Min $1K (Forum) - 2/12/2013

The CD special is not advertised on the website of this 4-star DA rated institution.

Amazon Kindle Checking Account Bonus at Washington Federal in Some Western States - 3/20/2012

Washington Federal is offering a new checking account promotion in which customers can receive either an Amazon Kindle or Kindle Fire. The details are listed at Washington Federal's promotion page . T ...

Top 5-Year CD Rate Continues at Washington Federal in Western States - 12/7/2011

Washington Federal continues to offer a competitive 5-year CD rate. For a minimum deposit of $90K, it's 2.30% APY. The 3-year and 4-year CD rates are also competitive: 1.55% APY for 3 years and 1.80% ...

2011

9/19 - Competitive 5-Year CD Rate at Washington Federal in Western States

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See Rates for: Checking | Savings | Money Market | CD

Washington Federal Checking Account Rates

Apy	Min	Max	Product
0.15%	$10k	$250k	Stellar Checking
0.15%	$10k	$250k	Business Stellar Interest Checking
0.10%	$10k	$250k	Performance Checking

Washington Federal Savings Account Rates

Apy	Min	Max	Product
0.20%	$100	-	Business Savings
0.15%	$100	-	Passbook Savings
0.15%	$100	-	Statement Savings
0.15%	-	-	Passbook Savings for Minors
0.15%	-	-	Statement Savings for Minors

Washington Federal Money Market Rates

Apy	Min	Max	Product
0.30%	$90k	$250k	Business Money Market
0.25%	$90k	$250k	Money Market

Washington Federal CD Rates

Apy	Min	Max	Product
1.55%	$90k	$250k	60 Month CD
1.55%	$90k	$250k	Business 60 Month CD
1.40%	$90k	$250k	48 - 59 Month CD
1.40%	$90k	$250k	Business 48 - 59 Month CD
1.05%	$90k	$250k	36 - 47 Month CD
1.05%	$90k	$250k	Business 36 - 47 Month CD
0.75%	$90k	$250k	24 - 35 Month CD
0.75%	$90k	$250k	Business 24 - 35 Month CD
0.50%	$90k	$250k	18 - 23 Month CD
0.50%	$90k	$250k	Business 18 - 23 Month CD
0.45%	$1k	-	18 Month Boost Rate CD
0.40%	$90k	$250k	12 - 17 Month CD
0.40%	$90k	$250k	Business 12 - 17 Month CD
0.30%	$90k	$250k	6 - 11 Month CD
0.30%	$90k	$250k	Business 6 - 11 Month CD
0.20%	$90k	$250k	3 Month CD
0.20%	$90k	$250k	4 - 5 Month CD
0.20%	$90k	$250k	Business 3 Month CD
0.20%	$90k	$250k	Business 4 - 5 Month CD
0.10%	$90k	$250k	14 Day - 2 Month CD
0.10%	$90k	$250k	Business 14 Day - 2 Month CD

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

Washington Federal
OTS #	00880
FDIC Certificate #	28088
BankRate Report	View
Year Established	1917
Employees	1430
Primary Regulator	OCC
Assets and Liabilities
Assets	$13.11 billion
Loans	$8.00 billion
Deposits	$9.27 billion
Equity Capital	$1.88 billion
Loan Loss Allowance	$126.83 million
Unbacked Noncurrent Loans	$163.12 million
Real Estate Owned	$83.96 million
Historic Data - December 2011
Assets	$13.65 billion
Equity Capital	$1.89 billion
Loan Loss Allowance	$158.31 million
Unbacked Noncurrent Loans	$196.06 million
Real Estate Owned	$130.17 million
Profit Margin - Quarterly
Net Interest Margin	3.24%
Return on Assets	1.06%
Return on Equity	7.49%
Interest Income	$572.35 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 Washington Federal had $247.07 million in non-current loans and owned real-estate with $2.01 billion in equity and loan loss allowances on hand to cover it. This gives Washington Federal a Texas Ratio of 12.30% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Washington Federal decreased slightly from 15.92% as of December 31, 2011 to 12.30% as of December 31, 2012, resulting in a positive change of 22.76%.This indicates that the balance sheet and financial strength for Washington Federal has improved slightly in recent periods.
Deposit Growth
In the past year, Washington Federal has increased its total deposits by $359.99 million, resulting in 4.04% 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 Washington Federal has shown is above average.
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. Washington Federal has $13.11 billion in assets with $2.01 billion in equity, resulting in a capitalization level of 15.33%, which is excellent.