Bank of the Sierra is headquartered in Porterville and is the 37th largest bank in the state of California. It is also the 347th largest bank in the nation. It was established in 1978 and as of June of 2022, it had grown to 504 employees at 36 locations. Bank of the Sierra has an A health rating.
I opened my account online last year (2009) and was able to verify my documents by faxing them.
My account has been earning the interest (strated with 4.59% APY) for the last few months.
I also use my card at other ATM machines and get it refunded when the requirements are met.
Awe some bank..i just wish the max deposit is higher than $25k ( $50K like view point bank)
The interest earned on this account is one of the best you can find anywhere. I don't understand the reviewers who give this a low rating and say that it's difficult to get the rewards rate. Nothing could be further from the truth. I've been with Bank of the Sierra since early this year, and so far it has been fantastic!
My only disappointments are that the interest rate has dropped since I opened the account (from 4.09% to a still excellent 3.09%), and the website is really not too great, in my opinion. Thus, 4, not 5, stars. But all in all I am very happy! And it is nice to support a local bank and not one of the big boys like Chase.
Everyone of course in entitled to their own opninion but it sounds to me like the persons who have negative things to say and state that the bank makes them jump through hoops to get the higher interest just want the money handed to them. The qualifications are clearly stated on the website for all to see and also given to you when the account is opened in your disclosures. It is your choice whether you choose to read this or not. Nothing in this world is free so just meet the qualifications and you get the interest, it's quite simple. Kuddos to the person who commented that he has not had a problem..why has he not problems? because he met his qualifications! So just suck it up and accept the fact that you didn't do what you were supposed to do to get the higher rate..
|FDIC Certificate #||22597|
|Return on Assets - YTD||1.09%|
|Return on Equity - YTD||9.21%|
|Annual Interest Income||$54.3MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$3.40B$3.27B|
|Loans||Q2 2022vs Q2 2021||$2.00B$2.12B|
|Deposits||Q2 2022vs Q2 2021||$2.86B$2.78B|
|Equity Capital||Q2 2022vs Q2 2021||$378.3MM$385.0MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$22.8MM$16.4MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$29.5MM$7.0MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$2.00K$774.00K|
Sorry, we do not have rate data for Bank of the Sierra.