1st Security Bank


Overview / Commentary
800-683-0973
6920 220th Street SW
Mountlake Terrace, WA 98043

1st Security Bank is headquartered in MOUNTLAKE TERRAC and is the 7th largest bank in the state of Washington. It is also the 401st largest bank in the nation. It was established in 2004 and as of March of 2024, it had grown to 570 employees at 22 locations. 1st Security Bank's money market rates are 10X the national average, and it has an A health rating.

Reviews (1)

I Love This Bank

Posted by: |

I opened an Optimum Savings account last fall when they were paying 3%, recently the upgraded to 5% on up to $5000.
Yes you have to deposit at least $100. Into account monthly, but that’s no big deal.
So far it has been a great experience with great rates.
Very competitive and close to home.
I love it.



Health

Health Grade Components

Overall
FDIC Certificate #57633
Year Established2004
Employees570
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.19%
Return on Equity - YTD11.36%
Annual Interest Income$44.9MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$2.97B$2.78B
LoansQ1 2024vs Q1 2023$2.47B$2.32B
DepositsQ1 2024vs Q1 2023$2.49B$2.46B
Equity CapitalQ1 2024vs Q1 2023$318.5MM$283.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$31.5MM$29.9MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$10.2MM$6.4MM
Real Estate OwnedQ1 2024vs Q1 2023$0$570K
Rates
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Always verify rates and promotions with the bank or credit union. We are not 1st Security Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

1st Security Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$0$5kOptimum Savings
OTHER TIERS: 0.25% $5k+
5.00%*$0$15kBusiness Optimum Savings
OTHER TIERS: 0.25% $15k+
3.50%*$100k*-Nonprofit Savings
OTHER TIERS: 0.01% $2.5k - $5k | 0.05% $5k - $10k | 0.75% $10k - $50k | 1.50% $50k - $100k
0.10%$5-Youth Savings
0.10%$50-Uniform Transfer to Minors
0.05%$300-Preferred Savings
0.01%$500-Business Savings

1st Security Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.55%*$100k*-1st Rate Money Market
OTHER TIERS: 0.05% $0 - $100k
2.00%*$1m*-Business Money Market
OTHER TIERS: 0.46% $0 - $10k | 0.65% $10k - $25k | 0.85% $25k - $100k | 1.25% $100k - $250k | 1.50% $250k - $1m
2.00%*$1m*-High Yield Money Market
OTHER TIERS: 0.50% $0 - $5k | 0.75% $5k - $100k | 1.00% $100k - $250k | 1.50% $250k - $1m
1.00%*$100k*-Tiered Rate Money Market
OTHER TIERS: 0.35% $0 - $5k | 0.55% $5k - $50k | 0.75% $50k - $100k

1st Security Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$50k*-1st Platinum Checking
OTHER TIERS: 0.01% $2.5k - $50k

1st Security Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.01%$500-13 Month CD Special w/ Relationship Account
4.75%$500-180 Day CD w/ Relationship Account
4.25%$25k$240k11 Month Risk Free CD w/ Relationship Account
4.21%$500$240k21 Month CD w/ Relationship Account
4.00%$500-180 Day CD
4.00%$500-48 Month CD w/ Relationship Account
3.50%$25k-11 Month Risk Free CD
3.46%$500-21 Month CD
3.25%$500-48 Month CD
3.00%$500-30 Month CD w/ Relationship Account
2.65%$500-1 Year CD w/ Relationship Account
2.65%$500-5 Year CD w/ Relationship Account
2.25%$500-30 Month CD
1.90%$500-1 Year CD
1.90%$500-5 Year CD

1st Security Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.01%$500-13 Month IRA Special w/ Relationship Account
4.75%$500-180 Day IRA w/ Relationship Account
4.21%$500$240k21 Month IRA w/ Relationship Account
4.00%$500-180 Day IRA
4.00%$500-48 Month IRA w/ Relationship Account
3.46%$500-21 Month IRA
3.25%$500-48 Month IRA
3.00%$500-30 Month IRA w/ Relationship Account
2.65%$500-1 Year IRA w/ Relationship Account
2.65%$500-5 Year IRA w/ Relationship Account
2.25%$500-30 Month IRA
1.90%$500-1 Year IRA
1.90%$500-5 Year IRA
Locations

Availability



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