Kitsap Bank

Overview / Commentary
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 680th largest bank in the nation. It was established in 1908 and as of March of 2024, it had grown to 272 employees at 18 locations. Kitsap Bank's money market rates are 48% higher than the national average, and it has a B+ health rating.

Reviews (4)

Best Banking Experience Ever

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.

Pretty Heartless

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

Branch Manager Is Terrible

**I've been informed I can't use the name of the person who treated me so terribly. It was the branch manager at the downtown Port Orchard Kitsap Bank.**

My parents are unwell. I have been doing all I can to help them, including my dad's 24/7 care.

Branch Manager locked my mom and dad's account because she suspected my parents account was being tampered with.

My dad just got out of a nursing facility 3 days ago and Branch Manager insisted he come into the bank to sign documents. My dad is weak and tired. But this woman would not unlock the account without seeing him first.

So we did.

I took my father to Kitsap Bank South Park branch because it was close to his home.
This was the wrong branch and Branch Manager was kind enough to meet my dad at the South Park branch.
But that's where her kindness ended.

As soon as she arrived, she immediately told me to leave. I was baffled. She would NOT talk to me and treated me like a criminal.

I went outside for a short time, but it was raining so I went back in and waited at in the waiting area while Branch Manager asked my dad questions.

She had copies of checks he had signed. She even said "this isn't your signature, IS IT?" And dad said yes it is. Dad can account for all the checks.
But Branch Manager seemed determined to find some error. It was kind of sickening.

This went on for quite some time and I decided my dad had enough. I didn't like the way this woman acted. Towards my dad and towards me.
She was extremely rude.
So I went over to where they were seated and told dad we should go.

She asked my dad things that were WAY out of her scope to ask. She asked about his accounts he had at other banks. That's none of her concern.

All the questions she asked, I had answers to. But she REFUSED to listen.

Is this the standard of Kitsap Bank???

My mother is in the hospital. She worked for Kitsap Bank many years and will be horrified once she is told how they treated her daughter!!

It's good to ask questions. But it makes your whole establishment look really ignorant to refuse to listen to the answers.

Branch Manager could REALLY use some interpersonal communications classes.

I pray she learns from this.
I really do.

And my parents are really unhappy about her canceling their ability to online bank. She refused to give them access. She told my dad he can call and pay each bill as it comes in. My dad is 81 and can't do that.

She should be ashamed.

On our way out, I told Branch Manager we would likely be taking our business elsewhere.
Her response was that there's a trust. She was implying that my parents are stuck with Kitsap Bank.

I write this to alert people. Innocent people get treated like criminals by this woman.

Kitsap Bank is way too much drama. Avoid them. Unless you want to be treated like a criminal for helping your family.

Moderator Note: Name of bank official was replaced with "Bank Official" to comply with DA's Comment Policy that bank employee names not be used.

Complete Garbage.

Posted by: |

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


Health Grade Components

FDIC Certificate #6161
Year Established1908
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD6.97%
Annual Interest Income$17.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.65B$1.65B
LoansQ1 2024vs Q1 2023$836.6MM$789.3MM
DepositsQ1 2024vs Q1 2023$1.36B$1.49B
Equity CapitalQ1 2024vs Q1 2023$144.8MM$129.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$10MM$9.3MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$46K$254K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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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

1.65%*$20k*-Health Savings Account
OTHER TIERS: 0.10% $0 - $1k | 0.25% $1k - $2.5k | 0.45% $2.5k - $5k | 0.70% $5k - $10k | 1.10% $10k - $20k
0.05%$0-Statement Savings
0.05%$0-Business Statement Savings

Kitsap Bank Money Market Rates

0.65%*$100k*-Money Market Plus
OTHER TIERS: 0.25% $0 - $10k | 0.35% $10k - $25k | 0.45% $25k - $50k | 0.55% $50k - $100k
0.65%*$100k*-Business Money Market Plus
OTHER TIERS: 0.25% $0 - $10k | 0.35% $10k - $25k | 0.45% $25k - $50k | 0.55% $50k - $100k
0.60%*$50k*-Premium Fund
OTHER TIERS: 0.25% $0 - $10k | 0.35% $10k - $25k | 0.45% $25k - $50k
0.60%*$50k*-Business Premium Fund
OTHER TIERS: 0.25% $0 - $10k | 0.35% $10k - $25k | 0.45% $25k - $50k
0.30%$0-Business Marketfund

Kitsap Bank Checking Account Rates

0.02%$0-Smart Choice Checking
0.02%$0-Legends Checking
0.01%$0-Business Checking Plus

Kitsap Bank CD Rates

4.85%$500-8 Month CD Special - New Money
4.85%$500-Business 8 Month CD Special - New Money
3.45%*$90k*-60 Month CD
OTHER TIERS: 2.85% $500 - $5k | 2.95% $5k - $50k | 3.15% $50k - $90k
3.45%*$90k*-Business 60 Month Certificate
OTHER TIERS: 2.85% $500 - $5k | 2.95% $5k - $50k | 3.15% $50k - $90k
3.25%*$90k*-48 Month CD
OTHER TIERS: 2.75% $500 - $5k | 2.85% $5k - $50k | 2.95% $50k - $90k
3.25%*$90k*-Business 48 Month Certificate
OTHER TIERS: 2.75% $500 - $5k | 2.85% $5k - $50k | 2.95% $50k - $90k
3.15%*$90k*-36 Month CD
OTHER TIERS: 2.65% $500 - $5k | 2.75% $5k - $50k | 2.85% $50k - $90k
3.15%*$90k*-Business 36 Month Certificate
OTHER TIERS: 2.65% $500 - $5k | 2.75% $5k - $50k | 2.85% $50k - $90k
2.65%*$90k*-30 Month CD
OTHER TIERS: 2.20% $500 - $5k | 2.35% $5k - $50k | 2.45% $50k - $90k
2.65%*$90k*-Business 30 Month Certificate
OTHER TIERS: 2.20% $500 - $5k | 2.35% $5k - $50k | 2.45% $50k - $90k
2.20%*$90k*-24 Month CD
OTHER TIERS: 1.90% $500 - $5k | 2.00% $5k - $50k | 2.10% $50k - $90k
2.20%*$90k*-Business 24 Month Certificate
OTHER TIERS: 1.90% $500 - $5k | 2.00% $5k - $50k | 2.10% $50k - $90k
1.90%*$90k*-18 Month CD
OTHER TIERS: 1.50% $500 - $5k | 1.65% $5k - $50k | 1.75% $50k - $90k
1.90%*$90k*-Business 18 Month Certificate
OTHER TIERS: 1.50% $500 - $5k | 1.65% $5k - $50k | 1.75% $50k - $90k
1.05%*$90k*-9 Month CD
OTHER TIERS: 0.80% $500 - $5k | 0.90% $5k - $50k | 0.95% $50k - $90k
1.05%*$90k*-Business 9 Month Certificate
OTHER TIERS: 0.80% $500 - $5k | 0.90% $5k - $50k | 0.95% $50k - $90k
0.95%*$90k*-6 Month CD
OTHER TIERS: 0.75% $500 - $5k | 0.85% $5k - $50k | 0.90% $50k - $90k
0.95%*$90k*-Business 6 Month Certificate
OTHER TIERS: 0.75% $500 - $5k | 0.85% $5k - $50k | 0.90% $50k - $90k
0.75%$0-6 Month Variable Rate CD
0.75%$0-Business 6 Month Variable Rate CD
0.70%*$90k*-90 Day CD
OTHER TIERS: 0.50% $500 - $5k | 0.55% $5k - $50k | 0.60% $50k - $90k
0.70%*$90k*-Business 90 Day Certificate
OTHER TIERS: 0.50% $500 - $5k | 0.55% $5k - $50k | 0.60% $50k - $90k
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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