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800-324-9375
425 Pike Street
Seattle, WA 98101

Washington Federal is headquartered in Seattle and is the largest bank in the state of Washington. It is also the 85th largest bank in the nation. It was established in 1917 and as of December of 2013, it had grown to 1,848 employees at 238 locations. Washington Federal has a A health rating.

Related Posts

7-Month Holiday CD Special at Washington Federal in Western States - 12/27/2013

Washington Federal is offering a holiday special CD with terms of 7 or 13 months. It has a 1.00% APY, and the minimum deposit is $1,000. Maximum deposit is $250,000. I found this special mentioned at ...



Reviews (1)

Fees, Fees, And More Fees....

We were long time customers of South Valley Bank & Trust, which was acquired by Washington Federal last year. When the account merging took place in April 2013, problems started. The first thing we noticed was that many of the employees that had been with South Valley for years and years had been laid off and replaced with Washington Federal employees, and later the ones that were not laid off, left due to poor treatment by the management. The next thing that immediately caught our attention was how many fees Washington Federal charged! Our business and personal accounts had been free for years, and suddenly we were told that we would start being charged if we had over 15 deposits a month, wrote over 100 checks, or deposited over 10,000 a month in cash to our business accounts. They were not small business friendly at all.... We left and took our accounts to Rogue Credit Union, where we have not been charged a single fee to date.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A

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, 2013 Washington Federal had $202.89 million in non-current loans and owned real-estate with $2.03 billion in equity and loan loss allowances on hand to cover it. This gives Washington Federal a Texas Ratio of 9.97% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Washington Federal decreased slightly from 12.30% as of December 31, 2012 to 9.97% as of December 31, 2013, resulting in a positive change of 18.88%.This indicates that the balance sheet and financial strength for Washington Federal has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Washington Federal has increased its total deposits by $1.18 billion, resulting in 12.69% 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 excellent.

Capitalization

GRADE:
A+

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 $14.41 billion in assets with $2.03 billion in equity, resulting in a capitalization level of 14.12%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28088
Year Established1917
Employees1848
Primary RegulatorOCC
Assets and Liabilities
Assets$14.41 billion
Loans$7.91 billion
Deposits$10.44 billion
Equity Capital$1.92 billion
Loan Loss Allowance$118.16 million
Unbacked Noncurrent Loans$114.72 million
Real Estate Owned$88.17 million
Historic Data - December 2012
Assets$13.11 billion
Equity Capital$1.88 billion
Loan Loss Allowance$126.83 million
Unbacked Noncurrent Loans$114.72 million
Real Estate Owned$83.96 million
Profit Margin - Quarterly
Net Interest Margin3.21%
Return on Assets1.17%
Return on Equity8.29%
Interest Income$524.20 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Washington Federal, we are a rate comparison website and can not provide official rates or promotions.

Washington Federal Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100-Passbook Savings
0.10%$100-Statement Savings
0.10%$100-Business Savings
0.10%--Passbook Savings for Minors
0.10%--Statement Savings for Minors

Washington Federal Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$90k$250kMoney Market
0.20%$90k$250kBusiness Money Market

Washington Federal Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$10k$250kStellar Checking
0.10%$10k$250kBusiness Stellar Interest Checking
0.05%$10k$250kPerformance Checking

Washington Federal CD Rates

DetailsAPYMINMAXPRODUCT
1.55%$90k$250k60 Month CD
1.55%$90k$250kBusiness 60 Month CD
1.40%$90k$250k48 - 59 Month CD
1.40%$90k$250kBusiness 48 - 59 Month CD
1.05%$90k$250k36 - 47 Month CD
1.05%$90k$250kBusiness 36 - 47 Month CD
0.75%$90k$250k24 - 35 Month CD
0.75%$90k$250kBusiness 24 - 35 Month CD
0.50%$90k$250k18 - 23 Month CD
0.50%$90k$250kBusiness 18 - 23 Month CD
0.45%$1k-18 Month Boost Rate CD Special
0.40%$90k$250k12 - 17 Month CD
0.40%$90k$250kBusiness 12 - 17 Month CD
0.30%$90k$250k6 - 11 Month CD
0.30%$90k$250kBusiness 6 - 11 Month CD
0.20%$90k$250k3 Month CD
0.20%$90k$250k4 - 5 Month CD
0.20%$90k$250kBusiness 3 Month CD
0.20%$90k$250kBusiness 4 - 5 Month CD
0.10%$90k$250k14 Day - 2 Month CD
0.10%$90k$250kBusiness 14 Day - 2 Month CD
Locations

Washington Federal has 186 locations. Click to view all Washington Federal locations.