Featured Savings Rates
Featured Accounts

Luther Burbank Savings

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.60%5-year CD60 Month CD
0.60%1-year CD12 - 17 Month CD
1.35%4-year CD48 Month CD

Overview / Commentary
707-578-9216
500 Third Street
Santa Rosa, CA 95401

Luther Burbank Savings is headquartered in Santa Rosa and is the 20th largest bank in the state of California. It is also the 215th largest bank in the nation. It was established in 1982 and as of March of 2016, it had grown to 282 employees at 10 locations. Luther Burbank Savings has an A+ health rating.

Related Posts

Luther Burbank Savings (CA) Offers Savings And Checking Combo - 7/6/2016

Luther Burbank Savings (CA) is marketing its More Savings (up to 1.40% APY) + High-End Checking (up to 0.40% APY) promotion. Requires an in-branch visit to open.

Luther Burbank Savings Offering 1.40% APY Liquid Savings, High Minimum - 7/4/2016

Luther Burbank Savings in California is offering a liquid savings account offering as much as 1.40% APY, although for a high minimum balance of $250,000. It also is offering a checking account at as much as 0.40% APY with a minimum balance of $50,000. I believe the fine print is saying the savings account is called the More Savings account, and the checking is the High-End checking account. Both need to be opened in order to get these rates. The fine print also says you must maintain a minimum daily balance of $10,000, but it is not clear whether that is referring only to the checking or to either account or both combined. AND you must "establish a monthly recurring ACH credit or debit transaction in the checking account," but as it is worded, that would not need to be a formal direct deposit, you should be able to simply initiate one ACH transaction monthly from another financial institution. In fact, since checks come in via the ACH, I wonder if simply writing one check a month off

Luther Burbank Savings (CA) Offers 2 Competitive CD Specials - 8/13/2015

Luther Burbank Savings (CA) has 2 CD Specials: 7-month CD (1.25% APY w/checking) and 30-month CD (1.50% APY). Minimum deposit is $1K, with no balance cap.

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Reviews (5)

Great Local Thrift Bank

They offer many promotions that are not advertised that are competitive with Internet only banks. They have always provided us great customer service and the recent online and mobile upgrades are top notch. There are very few Thrift Banks left, Savings and Loan Associations, but Luther Burbank Savings has been a model bank in our area. We have our joint checking, savings and CDs with them. They have almost no fees, free checking and even reimburse all ATM fees from other banks. While they aren't a commercial bank, they don't offer car loans, credit cards, deposit boxes or even ATMs machines, they are a great at what they do offer, deposit accounts. 5 star experience. Go local!

Great Job!

Posted by: wallacw2 | Dec 3, 2015

Thank you so much.


Easy to work with!

Customer Service And CD Offerings

Posted by: Joan | Apr 30, 2013

I've invested in CDs with Luther Burbank for about 5 years now and have never had a problem.  Everyone in the offices I've visited is professional, knowledgeable and pleasant.   I would not hesitate to do business with Luther Burbank banks again.

Commercial Lending Nightmare

I paid four thousand dollars to get two commercial loans from the Bellevue Office.  They went silent.  Luckily, a couple of weeks into it, I spent a little less for Chase to process the loans.  They came through w/ great servcie.  I've followed up twice w/ no answer.  I'll be filing in court soon.

Customer Service

Posted by: eatmegoo | Dec 4, 2012

I had a bad experience with this financial institution. I don't find ANY of there bankers or tellers to be particularly friendly or helpful, in fact quite the opposite. I intend to remove all of my funds and my husband will do the same. I will direct my friends and family to a truly friendly, local institution such as Community First Credit Union. These people know how to treat others with dignity and respect.



Health
A+

Health Grade Components

Overall
FDIC Certificate #32178
Year Established1982
Employees282
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD9.55%
Annual Interest Income$35.0MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$4.48B$3.92B
LoansQ1 2016vs Q1 2015$3.93B$3.39B
DepositsQ1 2016vs Q1 2015$3.19B$3.11B
Equity CapitalQ1 2016vs Q1 2015$523.0MM$498.1MM
Loan Loss AllowanceQ1 2016vs Q1 2015$43.6MM$52.4MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$6.2MM$6.8MM
Real Estate OwnedQ1 2016vs Q1 2015$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Luther Burbank Savings Offering 1.40% APY Liquid Savings, High Minimum

me1004   |  
Luther Burbank Savings in California is offering a liquid savings account offering as much as 1.40% APY, although for a high minimum balance of $250,000. It also is offering a checking account at as much as 0.40% APY with a minimum balance of $50,000.

I believe the fine print is saying the savings account is called the More Savings account, and the checking is the High-End checking account. Both need to be opened in order to get these rates. The fine print also says you must maintain a minimum daily balance of $10,000, but it is not clear whether that is referring only to the checking or to either account or both combined. AND you must "establish a monthly recurring ACH credit or debit transaction in the checking account," but as it is worded, that would not need to be a formal direct deposit, you should be able to simply initiate one ACH transaction monthly from another financial institution. In fact, since checks come in via the ACH, I wonder if simply writing one check a month off the account would satisfy the ACH requirement.

Rates are lower, but still high, for lower balances.

For the More Savings, for balances between $100,000 and $250,000, the APY is 1.25%, between $50,000 and $100,000, the APY is 1.10%; and between $1,000 and $50,000, the APY is 1.0%. Minimum to open the account is $1,000.

For the High-End Checking, for balances of $25,000 to $50,000, the APY is 0.30%; for $10,000 to $25,000, the APY is 0.20%; and below that the APY is 0.05%.

This was advertised in the Fourth of July edition of the Los Angeles Times. It is not clear whether this is being offered in all the bank's branches or only those in the Los Angeles area, where it has five branches; only the Los Angeles area branches were listed in the ad, but that might be because it was a Los Angeles newspaper. You can see the ad here.

It noted "no hidden fees."

The rate will remain variable, so just how long this rate will hold remains to be seen. To get this account and rate, you must open it with new money.

Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Luther Burbank Savings Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%*$250k*-More Savings
OTHER TIERS: 1.00% $1k - $50k | 1.10% $50k - $100k | 1.25% $100k - $250k

Luther Burbank Savings Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$250k*-High-End Money Market Savings
OTHER TIERS: 0.05% Up to $50k | 0.10% $50k - $100k | 0.15% $100k - $250k
0.20%*$100k*-Money Market Checking
OTHER TIERS: 0.05% Up to $50k | 0.10% $50k - $100k

Luther Burbank Savings Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$5k-High Yield Online Checking
0.40%*$50k*-High-End Checking
OTHER TIERS: 0.05% Up to $10k | 0.20% $10k - $25k | 0.30% $25k - $50k
0.10%*$25k*-Regular Interest Checking
OTHER TIERS: 0.05% Up to $25k

Luther Burbank Savings CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%*$250k*-60 Month CD
OTHER TIERS: 1.30% $1k - $50k | 1.40% $50k - $100k | 1.50% $100k - $250k
1.35%*$250k*-48 Month CD
OTHER TIERS: 1.05% $1k - $50k | 1.15% $50k - $100k | 1.25% $100k - $250k
1.10%*$250k*-36 Month CD
OTHER TIERS: 0.80% $1k - $50k | 0.90% $50k - $100k | 1.00% $100k - $250k
1.10%*$250k*-30 Month CD
OTHER TIERS: 0.80% $1k - $50k | 0.90% $50k - $100k | 1.00% $100k - $250k
0.85%*$250k*-24 Month CD
OTHER TIERS: 0.55% $1k - $50k | 0.65% $50k - $100k | 0.75% $100k - $250k
0.60%*$250k*-12 - 17 Month CD
OTHER TIERS: 0.30% $1k - $50k | 0.40% $50k - $100k | 0.50% $100k - $250k
0.60%*$250k*-18 Month CD
OTHER TIERS: 0.30% $1k - $50k | 0.40% $50k - $100k | 0.50% $100k - $250k
0.35%*$250k*-6 - 11 Month CD
OTHER TIERS: 0.25% $1k - $250k
0.20%$1k-3 - 5 Month CD

Luther Burbank Savings IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%*$250k*-60 Month IRA
OTHER TIERS: 1.30% $1k - $50k | 1.40% $50k - $100k | 1.50% $100k - $250k
1.35%*$250k*-48 Month IRA
OTHER TIERS: 1.05% $1k - $50k | 1.15% $50k - $100k | 1.25% $100k - $250k
1.10%*$250k*-36 Month IRA
OTHER TIERS: 0.80% $1k - $50k | 0.90% $50k - $100k | 1.00% $100k - $250k
1.10%*$250k*-30 Month IRA
OTHER TIERS: 0.80% $1k - $50k | 0.90% $50k - $100k | 1.00% $100k - $250k
0.85%*$250k*-24 Month IRA
OTHER TIERS: 0.55% $1k - $50k | 0.65% $50k - $100k | 0.75% $100k - $250k
0.60%*$250k*-12 - 17 Month IRA
OTHER TIERS: 0.30% $1k - $50k | 0.40% $50k - $100k | 0.50% $100k - $250k
0.60%*$250k*-18 Month IRA
OTHER TIERS: 0.30% $1k - $50k | 0.40% $50k - $100k | 0.50% $100k - $250k
0.35%*$250k*-6 - 11 Month IRA
OTHER TIERS: 0.25% $1k - $250k
0.20%$1k-3 - 5 Month IRA
Locations


Luther Burbank Savings Locations
San Rafael Branch1050 Fourth StreetSan Rafael, CA 94901
Encino Branch16600 Ventura BlvdEncino, CA 91436
West Alameda Ave Branch172 S Lake AvePasadena, CA 91101
Toluca Lake Branch4100 West Alameda AveBurbank, CA 91505
Los Altos Branch4546 El Camino RealLos Altos, CA 94022
Luther Burbank Savings500 Third StreetSanta Rosa, CA 95401
Beverly Hills Branch8401 Wilshire BlvdBeverly Hills, CA 90211
San Jose Branch956 The AlamedaSan Jose, CA 95126
Long Beach Branch5348 East 2nd StreetLong Beach, CA 90803