Overview / Commentary
800-562-9744
100 West First Street
Aberdeen, WA 98520

Anchor Bank is headquartered in Aberdeen and is the 24th largest bank in the state of Washington. It is also the 1,513th largest bank in the nation. It was established in 1907 and as of June of 2018, it had grown to 89 employees at 9 locations. Anchor Bank has an A health rating.

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Reviews (1)

Mediocre bank

After having banked with Anchor Bank for over 5 years, I walked away from the experience not having much to say. The customer service was always ok, but nothing ever stood out. I probably would have continued to use this bank to this day, but I had a bad experience in regards to an overdraft fee that they would not remove, which made me want to start looking for another bank. When I asked them if they could remove the overdraft fee they refused, and I told them at that time I would be leaving. They made no attempt to stop me.

Their mobile experience is sub-par, with the Android app looking like it's stuck in the early 2005's. They do offer services such as bill pay, and external transfers, but so does everyone nowadays. Like I said before, they are mediocre. Nothing stands out. I guess that's what a local bank is, really. Just a place to park your money and hope nothing happens.



Health

Health Grade Components

Overall
FDIC Certificate #28454
Year Established1907
Employees89
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD8.73%
Annual Interest Income$11.7MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$469.2MM$461.7MM
LoansQ2 2018vs Q2 2017$392.3MM$379.5MM
DepositsQ2 2018vs Q2 2017$364.3MM$349.8MM
Equity CapitalQ2 2018vs Q2 2017$63.0MM$61.5MM
Loan Loss AllowanceQ2 2018vs Q2 2017$4.4MM$4.1MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$936.00K$1.2MM
Real Estate OwnedQ2 2018vs Q2 2017$737.00K$867.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Anchor 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.

Anchor Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$100-Statement Savings
0.15%*$15k*-Health Savings Account
OTHER TIERS: 0.05% $1 - $10k | 0.10% $10k - $15k
0.10%$5-Youth Savings

Anchor Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.36%$25k-Premium Money Market
1.01%$25k-Relationship Money Market
0.15%*$50k*-Golden Money Market
OTHER TIERS: 0.05% $1k - $10k | 0.10% $10k - $50k
0.15%*$50k*-Trade Wind Money Market
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $50k
0.15%*$100k*-Navigator Money Market
OTHER TIERS: 0.05% $1k - $25k | 0.10% $25k - $100k

Anchor Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Interest Checking
0.05%$1k-Interest Business Checking

Anchor Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.58%$500-16 Month Flex CD
2.02%$500-60 Month CD
1.36%$500-48 Month CD
1.16%$500-36 Month CD
0.75%$500-18 Month CD
0.50%$10k-30 Month Powerhouse CD
0.45%$500-30 Month CD
0.35%*$50k*-12 Month CD
OTHER TIERS: 0.20% $500 - $10k | 0.25% $10k - $25k | 0.30% $25k - $50k
0.35%$500-20 Month Advantage CD
0.35%$10k-24 Month Ladder CD
0.30%$10k-18 Month Ladder CD
0.25%$500-11 Month Advantage CD
0.25%$2k-24 Month Bump Fixed CD
0.20%$10k-12 Month Ladder CD
0.15%$10k-6 Month Ladder CD
0.10%$500-6 Month CD
0.10%$500-9 Month CD
0.10%$250-12 Month Wealth Builder Fixed CD

Anchor Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.94%$50-18 Month Variable IRA
2.02%$100-60 Month IRA
1.36%$100-48 Month IRA
0.75%$50-18 Month IRA
0.45%$100-30 Month IRA
0.25%$50-24 Month Growth IRA
Locations


Anchor Bank Locations
Anchor Bank120 North BroadwayAberdeen, WA 98520
08 - Montesano Branch211-B Pioneer Avenue EastMontesano, WA 98563
04 - Olympia Branch2610 Harrison Avenue Northwest At KenyonOlympia, WA 98502
07 - Centralia Branch604 South Tower AvenueCentralia, WA 98531
06 - Lacey Branch649 Woodland Square Loop SoutheastLacey, WA 98503
05 - Ocean Shores Branch698 Ocean Shores BoulevardOcean Shores, WA 98569
03 - Westport BranchMontesano and WashingtonWestport, WA 98595
02 - Elma BranchThird and Eaton StreetsElma, WA 98541
Puyallup Branch10514 156th Street EastPuyallup, WA 98374

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