Luther Burbank Savings


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 Ups Rate of 6-Month CD Special - 2/12/2020

Luther Burbank Savings has raised the rate on its nationally available 6-month CD Special to 2.00% APY. Minimum deposit is $10k of new money.

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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

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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
A+

Health Grade Components

Overall
FDIC Certificate #32178
Year Established1982
Employees285
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD5.34%
Annual Interest Income$125.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$7.17B$7.11B
LoansQ2 2020vs Q2 2019$6.24B$6.24B
DepositsQ2 2020vs Q2 2019$5.42B$5.28B
Equity CapitalQ2 2020vs Q2 2019$739.6MM$734.6MM
Loan Loss AllowanceQ2 2020vs Q2 2019$46.0MM$35.2MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$4.9MM$11.7MM
Real Estate OwnedQ2 2020vs Q2 2019$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.

† 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$150k*-Business Money Market Savings
OTHER TIERS: 0.05% $1k - $50k | 0.10% $50k - $100k | 0.20% $100k - $150k

Luther Burbank Savings Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$1k-Premier Interest Checking

Luther Burbank Savings CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$250k*-Business 12 Month CD
OTHER TIERS: 0.45% $1k - $50k | 0.55% $50k - $100k | 0.65% $100k - $250k
0.70%$1k-12 Month CD
0.50%*$250k*-Business 18 Month CD
OTHER TIERS: 0.35% $1k - $50k | 0.40% $50k - $100k | 0.45% $100k - $250k
0.50%$1k-7 Month CD
0.45%*$500k*$100kBusiness 24 Month CD
OTHER TIERS: 0.25% $1k - $50k | 0.35% $100k - $250k | 0.40% $250k+
Locations

Availability

Los Angeles Area

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.