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.
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.
Overall | |
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FDIC Certificate # | 17534 |
Year Established | 1849 |
Employees | 18454 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 1.17% |
Return on Equity - YTD | 13.93% |
Annual Interest Income | $2.26B |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $184.7B$178.9B |
Loans | Q2 2022vs Q2 2021 | $113.1B$101.7B |
Deposits | Q2 2022vs Q2 2021 | $149.4B$148.9B |
Equity Capital | Q2 2022vs Q2 2021 | $14.14B$17.54B |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.12B$1.25B |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $507.4MM$814.4MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $20.0MM$24.1MM |
Always verify rates and promotions with the bank or credit union. We are not Laurel Road; 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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3.50%* | - | $2m | Laurel Road High Yield Savings Account | ||
OTHER TIERS: 0.05% → $2m+ |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
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