Laurel Road

Overview / Commentary
P.O. Box 191 855 Main St
Bridgeport, CT 06601

Laurel Road is the 21st largest bank in the nation. It was established in 1849 and as of June of 2022, it had grown to 18,454 employees. Laurel Road's savings rates are 7X the national average, and it has a B+ health rating.

Reviews (1)

Worst Banking Experience Of My Life

Posted by: |

On December 8, 2022, with no warning, no text, no email, no letter, no call, I went to check my online checking account at Laurel Road Bank to see that it was "restricted" due to so-called "suspicious activity," I called and was given next to no information, other than my account would be "under review" for ten business days. In other words, I was shut out of my bank account, I could not touch my own money...the money that flowed from my job in daily direct deposits. I shut that flow off immediately, because as soon as I can get back into my account I will be immediately removing all funds and shutting it down and never having anything to do with this scam of an online bank again. I will be alerting the authorities about the fraudulent behavior of this bank as well as their abusive consumer tactics. Unbelievably bad bank.


Health Grade Components

FDIC Certificate #17534
Year Established1849
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.17%
Return on Equity - YTD13.93%
Annual Interest Income$2.26B
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$184.7B$178.9B
LoansQ2 2022vs Q2 2021$113.1B$101.7B
DepositsQ2 2022vs Q2 2021$149.4B$148.9B
Equity CapitalQ2 2022vs Q2 2021$14.14B$17.54B
Loan Loss AllowanceQ2 2022vs Q2 2021$1.12B$1.25B
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$507.4MM$814.4MM
Real Estate OwnedQ2 2022vs Q2 2021$20.0MM$24.1MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Laurel Road Savings Account Rates

3.50%*-$2mLaurel Road High Yield Savings Account
OTHER TIERS: 0.05% $2m+

Laurel Road Checking Account Rates

0.01%--Laurel Road Checking Account

Laurel Road is an Internet only bank and does not have branch locations. Its headquarters is located at P.O. Box 191 855 Main St - Bridgeport, CT 06601

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