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Kitsap Bank


Overview / Commentary
www.kitsapbank.com
360-876-7800
619 Bay Street
Port Orchard, WA 98366

Kitsap Bank is headquartered in PORT ORCHARD and is the 13th largest bank in the state of Washington. It is also the 667th largest bank in the nation. It was established in 1908 and as of March of 2023, it had grown to 259 employees at 19 locations. Kitsap Bank's money market rates are 48% higher than the national average, and it has a B+ health rating.

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Reviews (3)

Best Banking Experience Ever

Posted by: |

I've gone through my fair share of banks, as many people have. Never have I had an account make so much sense as the one opened at Kitsap Bank. There aren't many branches, so convenience may be a little less than desired, but you definitely pay for convenience when you do get it. Kitsap's numbers and mine match up every time, and when I have a fee, I actually understand it. I'm very happy with my account, which is a Free Checking account. While there is a fee for receiving a paper statement, it's very simple to opt in to e-statements for a truly free experience.

3

Pretty Heartless

Posted by: |

Over the last couple of years Kitsap bank has inexplicably frozen my checking account around 4 times - I've been in a store ready to pay and bam card declined so I call the 24 hour online support sing and dance down to genetic validation of my identity
So in the here and now I recently found a charge from an entity I've never shopped with or even heard of before so I mark it questionable. And without any warning message my account is once again frozen. Unfortunately my rent is overdue and sitting in my account- I called the bank I started the account in begging for help and agreed to pay $120 for an expedited overnight delivery on a new debit card....2 days later no card
I demanded they return the $120 to my account and no response- they haven't responded to any of my messages
If you're looking for a good bank keep walking past this one

2

Complete Garbage.

Posted by: |

Wants to charge a research fee to see my statements even though I have my account number.

2


Health
B+

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #6161
Year Established1908
Employees259
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD12.28%
Annual Interest Income$15.2MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$1.65B$1.70B
LoansQ1 2023vs Q1 2022$789.3MM$668.7MM
DepositsQ1 2023vs Q1 2022$1.49B$1.52B
Equity CapitalQ1 2023vs Q1 2022$129.6MM$141.1MM
Loan Loss AllowanceQ1 2023vs Q1 2022$9.3MM$10.2MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$254.00K$0
Real Estate OwnedQ1 2023vs Q1 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Kitsap 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.

Kitsap Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%*$20k*-Health Savings Account
OTHER TIERS: 0.10% → Up to $1k | 0.25% → $1k - $2.5k | 0.45% → $2.5k - $5k | 0.70% → $5k - $10k | 1.04% → $10k - $20k
0.05%--Statement Savings
0.05%--Business Statement Savings

Kitsap Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$100k*-Money Market Plus
OTHER TIERS: 0.25% → Up to $10k | 0.35% → $10k - $25k | 0.45% → $25k - $50k | 0.55% → $50k - $100k
0.65%*$100k*-Business Money Market Plus
OTHER TIERS: 0.25% → Up to $10k | 0.35% → $10k - $25k | 0.45% → $25k - $50k | 0.55% → $50k - $100k
0.60%*$50k*-Premium Fund
OTHER TIERS: 0.25% → Up to $10k | 0.35% → $10k - $25k | 0.45% → $25k - $50k
0.60%*$50k*-Business Premium Fund
OTHER TIERS: 0.25% → Up to $10k | 0.35% → $10k - $25k | 0.45% → $25k - $50k
0.30%--Marketfund
0.30%--Business Marketfund

Kitsap Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%--Smart Choice Checking
0.02%--Legends Checking
0.01%--Business Checking Plus

Kitsap Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$500-13 Month CD Special - New Money
4.50%$500-Business 13 Month CD Special - New Money
3.35%*$90k*-60 Month CD
OTHER TIERS: 2.75% → $500 - $5k | 2.85% → $5k - $50k | 3.05% → $50k - $90k
3.35%*$90k*-Business 60 Month Certificate
OTHER TIERS: 2.75% → $500 - $5k | 2.85% → $5k - $50k | 3.05% → $50k - $90k
3.15%*$90k*-48 Month CD
OTHER TIERS: 2.65% → $500 - $5k | 2.75% → $5k - $50k | 2.85% → $50k - $90k
3.15%*$90k*-Business 48 Month Certificate
OTHER TIERS: 2.65% → $500 - $5k | 2.75% → $5k - $50k | 2.85% → $50k - $90k
3.05%*$90k*-36 Month CD
OTHER TIERS: 2.55% → $500 - $5k | 2.65% → $5k - $50k | 2.75% → $50k - $90k
3.05%*$90k*-Business 36 Month Certificate
OTHER TIERS: 2.55% → $500 - $5k | 2.65% → $5k - $50k | 2.75% → $50k - $90k
2.55%*$90k*-30 Month CD
OTHER TIERS: 2.10% → $500 - $5k | 2.25% → $5k - $50k | 2.35% → $50k - $90k
2.55%*$90k*-Business 30 Month Certificate
OTHER TIERS: 2.10% → $500 - $5k | 2.25% → $5k - $50k | 2.35% → $50k - $90k
2.10%*$90k*-24 Month CD
OTHER TIERS: 1.80% → $500 - $5k | 1.90% → $5k - $50k | 2.00% → $50k - $90k
2.10%*$90k*-Business 24 Month Certificate
OTHER TIERS: 1.80% → $500 - $5k | 1.90% → $5k - $50k | 2.00% → $50k - $90k
1.80%*$90k*-18 Month CD
OTHER TIERS: 1.40% → $500 - $5k | 1.55% → $5k - $50k | 1.65% → $50k - $90k
1.80%*$90k*-Business 18 Month Certificate
OTHER TIERS: 1.40% → $500 - $5k | 1.55% → $5k - $50k | 1.65% → $50k - $90k
0.90%*$90k*-9 Month CD
OTHER TIERS: 0.70% → $500 - $5k | 0.80% → $5k - $50k | 0.85% → $50k - $90k
0.90%*$90k*-Business 9 Month Certificate
OTHER TIERS: 0.70% → $500 - $5k | 0.80% → $5k - $50k | 0.85% → $50k - $90k
0.80%*$90k*-6 Month CD
OTHER TIERS: 0.60% → $500 - $5k | 0.70% → $5k - $50k | 0.75% → $50k - $90k
0.80%*$90k*-Business 6 Month Certificate
OTHER TIERS: 0.60% → $500 - $5k | 0.70% → $5k - $50k | 0.75% → $50k - $90k
0.60%*$90k*-90 Day CD
OTHER TIERS: 0.40% → $500 - $5k | 0.45% → $5k - $50k | 0.50% → $50k - $90k
0.60%*$90k*-Business 90 Day Certificate
OTHER TIERS: 0.40% → $500 - $5k | 0.45% → $5k - $50k | 0.50% → $50k - $90k
0.50%--6 Month Variable Rate CD
0.50%--Business 6 Month Variable Rate CD
0.35%$500-32 Day CD
0.35%$500-60 Day CD
0.35%$500-Business 32 Day Certificate
0.35%$500-Business 60 Day Certificate
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