Average User Rating:
4 star rating based on 1 review.

Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB Locations

500 Delaware Avenue
Wilmington, DE 19801
888-WSFSBANK (973-7226)
www.wsfsbank.com

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WSFS Bank is one of the ten oldest, continuously-operating banks in the United States. A permanent fixture in this community, The Bank is a service-oriented, locally-managed, community banking institution. The WSFS Bank mission is simple, "Strengthening the Core of Delaware." For many years, WSFS has been servicing businesses of all sizes, as well as growing families. WSFS has underwritten many homes in the Delaware Valley, advanced local business with a wide range of banking services and continues to implement innovative tactics to streamline personal and business banking.

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

Wilmington Savings Fund Society FSB Checking Account Rates

Apy	Min	Max	Product
0.05%	$2,500	-	High Performance Interest Checking
0.05%	$25k	-	Private Banking Interest Checking
0.05%	-	-	Business Interest Checking
0.01%	-	-	50+ Free Interest Checking
0.01%	-	-	Free Interest Checking

Wilmington Savings Fund Society FSB Savings Account Rates

Apy	Min	Max	Product
0.15%	$100k	-	Core Savings
0.15%	$100k	-	Business Core Savings
0.10%	-	-	Holiday Club

Wilmington Savings Fund Society FSB Money Market Rates

Apy	Min	Max	Product
0.25%	$75k	-	Business Absolute Money Market
0.20%	$100k	-	Absolute Money Market
0.20%	$100k	-	IRA Absolute Money Market

Wilmington Savings Fund Society FSB CD Rates

Apy	Min	Max	Product
0.97%	$90k	-	60 Month Jumbo CD
0.97%	$90k	-	60 Month Jumbo Business CD
0.90%	$25k	-	120 Month CD
0.90%	$25k	-	120 Month Business CD
0.85%	$2,500	-	24 Month High-Performance CD Special
0.81%	$90k	-	48 Month Jumbo CD
0.81%	$90k	-	48 Month Jumbo Business CD
0.75%	$25k	-	60 - 119 Month CD
0.75%	$25k	-	60 - 119 Month Business CD
0.70%	$2,500	-	14 Month High-Performance CD Special
0.60%	$25k	-	48 - 59 Month CD
0.60%	$25k	-	48 - 59 Month Business CD
0.54%	$90k	-	36 Month Jumbo CD
0.54%	$90k	-	36 Month JumboBusiness CD
0.50%	$2,500	-	24 Month CD Special
0.43%	$90k	-	24 Month Jumbo CD
0.43%	$90k	-	24 Month Jumbo Business CD
0.41%	$90k	-	6 Month Jumbo CD
0.41%	$90k	-	9 Month Jumbo CD
0.41%	$90k	-	12 Month Jumbo CD
0.41%	$90k	-	18 Month Jumbo CD
0.41%	$90k	-	6 Month Jumbo Business CD
0.41%	$90k	-	9 Month Jumbo Business CD
0.41%	$90k	-	12 Month Jumbo Business CD
0.41%	$90k	-	18 Month Jumbo Business CD
0.35%	$25k	-	36 - 47 Month CD
0.35%	$25k	-	36 - 47 Month Business CD
0.35%	$2,500	-	14 Month CD Special
0.25%	$25k	-	24 - 35 Month CD
0.25%	$25k	-	24 - 35 Month Business CD
0.20%	$25k	-	12 - 23 Month CD
0.20%	$25k	-	12 - 23 Month Business CD
0.16%	$90k	-	30 Day Jumbo CD
0.16%	$90k	-	60 Day Jumbo CD
0.16%	$90k	-	3 Month Jumbo CD
0.16%	$90k	-	30 Day Jumbo Business CD
0.16%	$90k	-	60 Day Jumbo Business CD
0.16%	$90k	-	3 Month Jumbo Business CD
0.15%	$25k	-	5 Month CD
0.15%	$25k	-	6 - 11 Month CD
0.15%	$25k	-	5 Month Business CD
0.15%	$25k	-	6 - 11 Month Business CD
0.10%	$50	-	12 Month Systematic Savers CD
0.10%	$50	-	12 Month Systematic Savers Business CD
0.05%	$5k	-	3 - 5 Month No Penalty CD
0.05%	$5k	-	3 - 5 Month No Penalty Business CD

Wilmington Savings Fund Society FSB IRA Rates

Apy	Min	Max	Product
0.97%	$90k	-	60 Month Jumbo IRA
0.90%	$25k	-	120 Month IRA
0.85%	$2,500	-	24 Month High-Performance IRA Special
0.81%	$90k	-	48 Month Jumbo IRA
0.75%	$25k	-	60 - 119 Month IRA
0.70%	$2,500	-	14 Month High-Performance IRA Special
0.60%	$25k	-	48 - 59 Month IRA
0.54%	$90k	-	36 Month Jumbo IRA
0.50%	$2,500	-	24 Month IRA Special
0.43%	$90k	-	24 Month Jumbo IRA
0.41%	$90k	-	6 Month Jumbo IRA
0.41%	$90k	-	9 Month Jumbo IRA
0.41%	$90k	-	12 Month Jumbo IRA
0.41%	$90k	-	18 Month Jumbo IRA
0.35%	$25k	-	36 - 47 Month IRA
0.35%	$2,500	-	14 Month IRA Special
0.25%	$25k	-	24 - 35 Month IRA
0.20%	$25k	-	12 - 23 Month IRA
0.15%	$25k	-	5 Month IRA
0.15%	$25k	-	6 - 11 Month IRA
0.10%	$50	-	12 Month Systematic Savers IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

Wilmington Savings Fund Society, FSB
OTS #	07938
FDIC Certificate #	17838
BankRate Report	View
Year Established	1832
Employees	753
Primary Regulator	OCC
Assets and Liabilities
Assets	$4.19 billion
Loans	$2.65 billion
Deposits	$2.97 billion
Equity Capital	$431.55 million
Loan Loss Allowance	$45.84 million
Unbacked Noncurrent Loans	$71.19 million
Real Estate Owned	$11.88 million
Historic Data - September 2010
Assets	$3.79 billion
Equity Capital	$356.62 million
Loan Loss Allowance	$47.78 million
Unbacked Noncurrent Loans	$60.96 million
Real Estate Owned	$4.83 million
Profit Margin - Quarterly
Net Interest Margin	3.69%
Return on Assets	0.54%
Return on Equity	5.28%
Interest Income	$119.13 million

Institution Health

Overall Score:

4 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 September 30, 2011 Wilmington Savings Fund Society FSB had $83.07 million in non-current loans and owned real-estate with $477.39 million in equity and loan loss allowances on hand to cover it. This gives Wilmington Savings Fund Society FSB a Texas Ratio of 17.40% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Wilmington Savings Fund Society FSB held steady from 16.27% as of September 30, 2010 to 17.40% as of September 30, 2011, resulting in a negative change of 6.97%. This indicates that the balance sheet and financial strength for Wilmington Savings Fund Society FSB has held steady in recent periods.
Deposit Growth
In the past year, Wilmington Savings Fund Society FSB has increased its total deposits by $222.26 million, resulting in 8.1% 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 Wilmington Savings Fund Society FSB 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. Wilmington Savings Fund Society FSB has $4.19 billion in assets with $477.39 million in equity, resulting in a capitalization level of 11.40%, which is above average.

WSFS Is Truly A Service Oriented Bank
4 stars

- bostonfan21 - Wednesday, June 1, 2011 - 9:09 AM

I have been a customer of this bank for over 15 years, and it is a bank that really focuses on the customer and goes the extra mile to provide great service. Although I had a couple negative experiences (with an excessive overdraft fee and fees for reordering checks),most of my contact with this bank has been problem free. At one branch, all of the representatives remember names and help each other out with cases when the others are busy.