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Reviews (5)

Excellent Source for Mortgage Loan

Posted by: MrsJay | Jan 30, 2015

I have used Anchor Bank for the last ten years for my mortgage. Because of their competitive rates and low fees, I refinanced my condominium mortgage with them ten years ago. I refinanced again four years and received one of the lowest interest rates my lender had seen. Recently, my husband and I purchased a new home. My lender spent much time with us going over our options for financing including offering a bridge loan to pay our down payment if we did not sell our condominium prior to closing of our house. I was so grateful that they went out of their way to make our dream of home ownership come true. My lender is very responsive and thorough whenever I call or email with questions. In addition, he is just a friendly man that I enjoy working with as a person.

Absolute Horrible Customer Service And Ignorance

Contacted local branch for loan for my father who lives out of state since I have my mortgage with them. He put an offer to purchase a cabin and land. Father is retired and well off with perfect credit and over $60k in cash to come to closing. After going back and fourth with bank for over 2 months regarding the construction loan and after several closing dates set everything seemed to finally come together. Father purchased airline tickets to attend closing. 4 days before bank called and said loan was denied because underwriters did not like how appraisal was done. The appraiser was their own guy!!! They blame their merger with Old National. Only a matter of time before the seller sells to someone else and we lose the property. Speachless!!

Stay Away From This Bank, Especially With A Mortgage

I was stupid to take the advice of a family member when signing onto a mortgage with Anchor Bank. I wrote a check out for .91 cents less than what our mortgage payment was and I was getting collection calls and received a notice of default in the mail.

When I finally called about the rediculous charges to my account, over $80 worth of charges for a check written only .91 cents short of the actual amount, I decided it was time to look elsewhere.

In addition to this, they said my account was $1.82 short of the mortgage payment, which was not true. If the representative would have done the math they would have found that .91 + .91 equals $1.82 and somewhere there was a double charge.

Even more frustrating is the sent me a delinquincy notice and my payment was not even applied to my mortgage, it was put into a reserve fund because they said my payment was more than $1 short (yes ONE DOLLAR) and it was their double charge error that caused this in the first place. Therefore, my credit rating suffered over all of this.

The biggest kicker, I have never missed a mortgage payment and had pristine credit when I signed the mortgage papers. I will be refinancing my home and taking my business to another bank, soon and very very soon.

No Help In Forclosure.

Posted by: Anonymous | Jul 10, 2012

I was placed in foreclosure four a $400 past due tax bill. Because it had gotten to this stage the total mortgage was due in full. I couldn't refinance because of the foreclosure on my credit so they got the house and made $54200 on the sale. They are snakes! Do not get any loans from them unless you are prepared to loose them to the Bank because they will screw you!

Stay Away!

Posted by: Anonymous | Sep 13, 2012

So many other banks to choose from.


Health Grade Components

FDIC Certificate #3832
Year Established1907
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD6.94%
Annual Interest Income$95.3MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$11.79B$11.81B
LoansQ1 2016vs Q1 2015$6.98B$6.82B
DepositsQ1 2016vs Q1 2015$8.62B$9.01B
Equity CapitalQ1 2016vs Q1 2015$1.58B$1.50B
Loan Loss AllowanceQ1 2016vs Q1 2015$50.7MM$48.9MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$102.2MM$122.6MM
Real Estate OwnedQ1 2016vs Q1 2015$4.4MM$4.8MM
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Always verify rates and promotions with the bank or credit union. We are not AnchorBank; 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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

AnchorBank Savings Account Rates

0.10%*$10k*-Regular Savings Account
OTHER TIERS: 0.05% Up to $10k
0.10%$100-IRA Savings Account
0.10%$1k-Business Statement Savings Account
0.10%$10k-Sweep Account
0.05%$100-Property Tax Savings
0.01%--Health Savings Account (HSA)

AnchorBank Money Market Rates

0.40%*$100k*- Advantage Money Market Account
OTHER TIERS: 0.01% $2,500 - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.30% $50k - $100k
0.40%*$100k*-Business Market Yield
OTHER TIERS: 0.30% $50k - $100k
0.30%*$100k*-AnchorBank Money Market Account
OTHER TIERS: 0.01% $2,500 - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k

AnchorBank Checking Account Rates

0.01%--Lawyers Trust Account (IOLTA)
0.01%--Real Estate Trust Account
0.01%--Advantage Checking Account

AnchorBank CD Rates

1.26%$500-5 Year CD
1.10%$500-4 Year CD
1.10%$10k-30 Month Relationship CD Special
1.00%$500-3 Year CD
1.00%$10k-23 Month Relationship CD Special
0.65%$5k-15 Month Relationship CD Special
0.50%$500-2 Year CD
0.25%$500-1 Year CD
0.25%$500-1½ Year CD
0.10%$500-6 Month CD
0.03%$500-3 Month CD

AnchorBank has 48 locations. Click to view all AnchorBank locations.