Luther Burbank Savings

Overview / Commentary
500 Third Street
Santa Rosa, CA 95401

Named after Luther Burbank, a pioneer in American agricultural science, Luther Burbank Savings was established in 1982. From its branch locations in California, the bank offers its customers – both personal and business – a variety of financial products and services, including lending, checking, and savings banking products. Luther Burbank Savings’ customers have convenient and secure access to their funds through online and mobile banking options.

Luther Burbank Savings’ personal deposit accounts include checking accounts, money market accounts, Certificates of Deposit (CDs), and Individual Retirement Accounts (IRAs). Its checking accounts include interest and non-interest bearing options, including a money market checking account. Luther Burbank Savings’ personal money market account yields higher interest rates for larger account balances, and its CD terms range from 3 months to 5 years. As for IRA products, they are available either as a money market account or a CD.

The bank’s business deposit account products include a business checking account, a business money market account, and business CDs with terms ranging from 3 to 12 months.

Related Posts

Luther Burbank Savings Adds Competitive Short-Term CD Specials - 4/13/2023

Luther Burbank Savings (California and NW Washington) has two limited-time competitive CD Specials - 7-month and 13-month. $1k minimum opening deposit.

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8/18/18 - Luther Burbank Savings Offers 18-Month Step Up CD
7/26/18 - Luther Burbank Savings Offers 36-Month CD Nationwide
7/20/18 - 2.40% 12 Mo, 2.85% 24 Mo, 3% 36 Mo Cds
7/15/18 - Luther Burbank Savings 1-Year, 2-Year And 3-Year CD Specials - Socal
5/13/18 - Luther Burbank Savings Offering 24-Month CD At 2.75% APY, 36-Month At 3.0% APY
3/25/18 - Luther Burbank Savings 13-Month CD Special - Socal
10/23/17 - Luther Burbank Savings 3-Month And 3-Year CD Specials - Socal
7/6/16 - Luther Burbank Savings (CA) Offers Savings And Checking Combo
7/4/16 - Luther Burbank Savings Offering 1.40% APY Liquid Savings, High Minimum
8/13/15 - Luther Burbank Savings (CA) Offers 2 Competitive CD Specials
7/24/15 - Special CD and Money Market Savings
5/5/15 - Luther Burbank Savings Offering 60-Month CD At 2.0% APY
6/20/14 - Hot 30-Month CD Special at Luther Burbank Savings in California
6/19/14 - 2.0% APY 30-Month (2 1/2 Years) CD
10/4/13 - 3-Year CD Special at Luther Burbank Savings in SoCal - Local Only
12/10/11 - Bank Donates Foreclosed Home To Homeless Agency
11/5/10 - Special 10-Month CD at Luther Burbank Savings Bank in Beverly Hills, CA - Local Only
11/3/10 - 1.5% APY 10-Month CD At Luther Burbank Savings In Beverly Hills, CA
5/28/10 - 5-Month CD Special at Luther Burbank Savings in Beverly Hills, CA - Local Only
6/8/09 - 2.50% 6-Month CD at Luther Burbank Savings in California - Local Only
10/28/08 - 4.25% CD for Terms of 3 to 6 Months at Luther Burbank Savings
3/1/08 - 4.30% 3-Month CD at a California Bank (Luther Burbank Savings).
2/14/07 - 5.50% 6-Month CD at a California Bank (Luther Burbank Savings)

Reviews (5)

Great Job!

Posted by: |

Thank you so much.

Easy to work with!

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!

Customer Service And CD Offerings

Posted by: |

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: |

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 Grade Components

FDIC Certificate #32178
Year Established1982
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD7.35%
Annual Interest Income$84.0MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$8.30B$7.26B
LoansQ1 2023vs Q1 2022$6.99B$6.33B
DepositsQ1 2023vs Q1 2022$5.68B$5.64B
Equity CapitalQ1 2023vs Q1 2022$838.6MM$807.4MM
Loan Loss AllowanceQ1 2023vs Q1 2022$35.9MM$33.0MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$5.0MM$2.3MM
Real Estate OwnedQ1 2023vs Q1 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not Luther Burbank Savings; 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.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Luther Burbank Savings Money Market Rates

3.25%--Premier Gold Money Market
0.50%$10k-Premier Money Market Savings
0.40%*$75k*-Daisy Money Market Savings
OTHER TIERS: 0.15% Up to $25k | 0.25% $25k - $50k | 0.30% $50k - $75k
0.30%*$150k*-Business Money Market Savings
OTHER TIERS: 0.15% $1k - $50k | 0.20% $50k - $100k | 0.25% $100k - $150k

Luther Burbank Savings Checking Account Rates

0.20%*$50k*-High-End Checking
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $25k | 0.15% $25k - $50k

Luther Burbank Savings CD Rates

5.00%$1k-7 Month CD Special
5.00%$1k-13 Month CD Special
3.50%$1k-Business 18 Month CD
3.25%$1k-Business 12 Month CD
3.25%$1k-Business 24 Month CD


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