Overview / Commentary
707-578-9216
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 Offers 18-Month Step Up CD - 8/18/2018

Luther Burbank Savings has added a nationally available 18-month Step Up CD, which earns a blended APY of 2.83% APY. Minimum deposit is $1k, with no stated balance cap.

Luther Burbank Savings Offers 36-Month CD Nationwide - 7/26/2018

Luther Savings Bank is offering three nationally available CD Specials: 12mo (2.40% APY), 24mo (2.85% APY), and 36mo (3.00% APY). $1k minimum deposit of new money.

2.40% 12 Mo, 2.85% 24 Mo, 3% 36 Mo Cds - 7/20/2018

https://www.lutherburbanksavings.com/work This was advertised in the Los Angeles Times on July 19, 2018 and points to a microsite not linked from the main page (which is why the DA web crawler probably missed it). I believe accounts can be opened nationwide. No credit card funding advertised.

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Reviews (5)

Great Job!

Posted by: wallacw2 | Dec 3, 2015

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: 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
Employees273
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD7.52%
Annual Interest Income$165.2MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$6.69B$5.32B
LoansQ3 2018vs Q3 2017$5.89B$4.64B
DepositsQ3 2018vs Q3 2017$4.98B$3.89B
Equity CapitalQ3 2018vs Q3 2017$714.2MM$576.1MM
Loan Loss AllowanceQ3 2018vs Q3 2017$34.1MM$29.0MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$2.1MM$5.9MM
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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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.

Luther Burbank Savings Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*$1m*-Business Money Market Savings
OTHER TIERS: 1.00% $1k - $50k | 1.10% $50k - $250k | 1.25% $250k - $1m
0.20%*$75k*-High-End Money Market Savings
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $50k | 0.15% $50k - $75k
0.20%*$75k*-Money Market Checking
OTHER TIERS: 0.05% Up to $50k | 0.10% $50k - $75k
0.20%*$75k*-High-End Money Market Savings IRA
OTHER TIERS: 0.05% Up to $25k | 0.10% $25k - $50k | 0.15% $50k - $75k

Luther Burbank Savings Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1k-Everyday Checking
0.40%*$25k*-High-End Checking
OTHER TIERS: 0.05% Up to $25k | 0.30% $5k - $25k
0.10%*$5k*-Regular Interest Checking
OTHER TIERS: 0.05% Up to $5k

Luther Burbank Savings CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%*$250k*-60 Month CD
OTHER TIERS: 1.80% $1k - $50k | 1.90% $50k - $100k | 2.00% $100k - $250k
1.85%*$250k*-48 Month CD
OTHER TIERS: 1.55% $1k - $50k | 1.65% $50k - $100k | 1.75% $100k - $250k
1.60%*$250k*-36 Month CD
OTHER TIERS: 1.30% $1k - $50k | 1.40% $50k - $100k | 1.50% $100k - $250k
1.60%*$250k*-30 Month CD
OTHER TIERS: 1.30% $1k - $50k | 1.40% $50k - $100k | 1.50% $100k - $250k
1.35%*$250k*-24 Month CD
OTHER TIERS: 1.05% $1k - $50k | 1.15% $50k - $100k | 1.25% $100k - $250k
1.10%*$250k*-12 - 23 Month CD
OTHER TIERS: 0.80% $1k - $50k | 0.90% $50k - $100k | 1.00% $100k - $250k
1.10%*$250k*-Business 24 Month CD
OTHER TIERS: 0.80% $1k - $50k | 0.90% $50k - $100k | 1.00% $100k - $250k
0.95%*$250k*-Business 18 Month CD
OTHER TIERS: 0.65% $1k - $50k | 0.75% $50k - $100k | 0.85% $100k - $250k
0.85%*$250k*-6 - 11 Month CD
OTHER TIERS: 0.75% $1k - $250k
0.85%*$250k*-Business 12 Month CD
OTHER TIERS: 0.55% $1k - $50k | 0.65% $50k - $100k | 0.75% $100k - $250k
0.70%$1k-3 - 5 Month CD

Luther Burbank Savings IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%*$250k*-60 Month IRA
OTHER TIERS: 1.80% $1k - $50k | 1.90% $50k - $100k | 2.00% $100k - $250k
1.85%*$250k*-48 Month IRA
OTHER TIERS: 1.55% $1k - $50k | 1.65% $50k - $100k | 1.75% $100k - $250k
1.60%*$250k*-36 Month IRA
OTHER TIERS: 1.30% $1k - $50k | 1.40% $50k - $100k | 1.50% $100k - $250k
1.60%*$250k*-30 Month IRA
OTHER TIERS: 1.30% $1k - $50k | 1.40% $50k - $100k | 1.50% $100k - $250k
1.35%*$250k*-24 Month IRA
OTHER TIERS: 1.05% $1k - $50k | 1.15% $50k - $100k | 1.25% $100k - $250k
1.10%*$250k*-12 - 23 Month IRA
OTHER TIERS: 0.80% $1k - $50k | 0.90% $50k - $100k | 1.00% $100k - $250k
0.85%*$250k*-6 - 11 Month IRA
OTHER TIERS: 0.75% $1k - $250k
0.70%$1k-3 - 5 Month IRA
Locations


Cities: Bellevue, Beverly Hills, Burbank, Encino, Long Beach, Los Altos, Pasadena, San Jose, San Rafael, Santa Rosa

Bellevue Branches
Bellevue Branch200 108th Ave NeBellevue, WA 98004

Beverly Hills Branches
Beverly Hills Branch175 South Beverly DriveBeverly Hills, CA 90212

Burbank Branches
Toluca Lake Branch4100 West Alameda AveBurbank, CA 91505

Encino Branches
Encino Branch16600 Ventura BlvdEncino, CA 91436

Long Beach Branches
Long Beach Branch5348 East 2nd StreetLong Beach, CA 90803

Los Altos Branches
Los Altos Branch4546 El Camino Real, Suite A10Los Altos, CA 94022

Pasadena Branches
West Alameda Ave Branch170 South Lake AvePasadena, CA 91101

San Jose Branches
San Jose Branch956 The AlamedaSan Jose, CA 95126

San Rafael Branches
San Rafael Branch1050 Fourth StreetSan Rafael, CA 94901

Santa Rosa Branches
Luther Burbank Savings500 Third StreetSanta Rosa, CA 95401

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