Sound Community Bank

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CURRENT TOP RATE

Momentum Money Market

Overview / Commentary

www.soundcb.com

800-458-5585

2400 Third Avenue
Seattle, WA 98121

Sound Community Bank is headquartered in SEATTLE and is the 17^th largest bank in the state of Washington. It is also the 948^th largest bank in the nation. It was established in 1953 and as of March of 2024, it had grown to 128 employees at 10 locations. Sound Community Bank's money market rates are 11X the national average, and it has an A health rating.

Related Posts

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2010

6/9 - Sound Community Bank Has 21-Month 2.00% CD With Qualifying Relationship - WA

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Health

A

Data as of Q1 2024

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Health Grade Components

Overall
FDIC Certificate #	57451
Year Established	1953
Employees	128
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.4%
Return on Equity - YTD	3.72%
Annual Interest Income	$13.8MM

Assets and Liabilities
Assets	Q1 2024vs Q1 2023	$1.09B$1B
Loans	Q1 2024vs Q1 2023	$889.6MM$863.4MM
Deposits	Q1 2024vs Q1 2023	$922.8MM$847.8MM
Equity Capital	Q1 2024vs Q1 2023	$111.2MM$108MM
Loan Loss Allowance	Q1 2024vs Q1 2023	$8.6MM$8.5MM
Unbacked Noncurrent Loans	Q1 2024vs Q1 2023	$9MM$1.3MM
Real Estate Owned	Q1 2024vs Q1 2023	$690K$575K

Rates

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Savings
Money Market
Checking
CD
IRA

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

Sound Community Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$100	-	Regular Savings Account
0.10%	$100	-	Business Savings Account
0.10%	$0	-	Educational Savings
0.10%	$0	-	IRA Savings
0.10%	$0	-	Youth Savings Account
0.10%	$1k	-	Health Savings Account

Sound Community Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.85%^*	$250k^*	-	Momentum Money Market
OTHER TIERS: 2.02% → $25k - $50k \| 2.53% → $50k - $100k \| 4.59% → $100k - $250k
4.85%^*	$250k^*	-	Business Momentum Money Market
OTHER TIERS: 2.02% → $25k - $50k \| 2.53% → $50k - $100k \| 4.59% → $100k - $250k
4.54%^*	$1m^*	-	Apex Money Market - Online Only
OTHER TIERS: 0.10% → $0 - $25k \| 1.87% → $25k - $50k \| 2.38% → $50k - $100k \| 3.92% → $100k - $250k \| 4.07% → $250k - $500k \| 4.18% → $500k - $1m
4.54%^*	$1m^*	-	Business Apex Money Market
OTHER TIERS: 0.10% → $0 - $25k \| 1.87% → $25k - $50k \| 2.38% → $50k - $100k \| 3.92% → $100k - $250k \| 4.07% → $250k - $500k \| 4.18% → $500k - $1m
1.41%^*	$1m^*	-	eMoney Maker
OTHER TIERS: 0.10% → $0 - $25k \| 0.15% → $25k - $50k \| 0.21% → $50k - $100k \| 0.26% → $100k - $250k \| 0.76% → $250k - $500k \| 1.16% → $500k - $1m
1.41%^*	$1m^*	-	Business eMoney Maker
OTHER TIERS: 0.10% → $0 - $25k \| 0.15% → $25k - $50k \| 0.21% → $50k - $100k \| 0.26% → $100k - $250k \| 0.76% → $250k - $500k \| 1.16% → $500k - $1m

Sound Community Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.27%^*	$50k^*	-	Interest Plus Checking
OTHER TIERS: 0.10% → $0 - $5k \| 0.50% → $5k - $20k \| 2.02% → $20k - $50k
0.01%	$1k	-	Prime Checking (50+)

Sound Community Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.49%	$100k	-	7 Month Jumbo with Checking
4.49%	$100k	-	Business 7 Month Jumbo CD with Checking
4.33%	$100k	-	6 Month Jumbo CD with Checking
4.33%	$100k	-	Business 6 Month Jumbo CD with Checking
4.25%	$100k	-	Business 6 Month Jumbo CD
4.23%	$1k	-	7 Month CD with Checking
4.23%	$500	-	7 Month Youth CD with Checking
4.23%	$1k	-	Business 7 Month CD with Checking
4.07%	$1k	-	6 Month CD with Checking
4.07%	$1k	-	Business 6 Month CD with Checking
4.07%	$500	-	6 Month Youth CD with Checking
4.02%	$100k	-	12 Month Jumbo CD with Checking
4.02%	$100k	-	Business 12 Month Jumbo CD with Checking
3.97%	$100k	-	7 Month Jumbo CD
3.97%	$100k	-	Business 7 Month Jumbo CD
3.95%	$100k	-	Business 12 Month Jumbo CD
3.82%	$100k	-	6 Month Jumbo CD
3.76%	$1k	-	12 Month CD with Checking
3.76%	$1k	-	Business 12 Month CD with Checking
3.76%	$500	-	12 Month Youth CD with Checking
3.71%	$1k	-	7 Month CD
3.71%	$500	-	7 Month Youth CD
3.71%	$1k	-	Business 7 Month CD
3.56%	$1k	-	6 Month CD
3.56%	$1k	-	Business 6 Month CD
3.56%	$100k	-	3 Month Jumbo CD with Checking
3.56%	$100k	-	18 Month Jumbo CD with Checking
3.56%	$100k	-	Business 3 Month Jumbo CD with Checking
3.56%	$100k	-	Business 18 Month Jumbo CD with Checking
3.56%	$500	-	6 Month Youth CD
3.51%	$100k	-	12 Month Jumbo CD
3.50%	$100k	-	Business 3 Month Jumbo CD
3.50%	$100k	-	Business 18 Month Jumbo CD
3.30%	$1k	-	18 Month CD with Checking
3.30%	$1k	-	Business 18 Month CD with Checking
3.30%	$1k	-	3 Month CD with Checking
3.30%	$1k	-	Business 3 Month CD with Checking
3.30%	$100k	-	24 Month Jumbo CD with Checking
3.30%	$100k	-	Business 24 Month Jumbo CD with Checking
3.30%	$500	-	3 Month Youth CD with Checking
3.30%	$500	-	18 Month Youth CD with Checking
3.25%	$1k	-	12 Month CD
3.25%	$1k	-	Business 12 Month CD
3.25%	$100k	-	Business 24 Month Jumbo CD
3.25%	$500	-	12 Month Youth CD
3.04%	$1k	-	24 Month CD with Checking
3.04%	$1k	-	Business 24 Month CD with Checking
3.04%	$100k	-	3 Month Jumbo CD
3.04%	$100k	-	18 Month Jumbo CD
3.04%	$100k	-	36 Month Jumbo CD with Checking
3.04%	$100k	-	Business 36 Month Jumbo CD with Checking
3.04%	$100k	-	Business 60 Month Jumbo CD with Checking
3.04%	$500	-	24 Month Youth CD with Checking
3.00%	$100k	-	Business 36 Month Jumbo CD
3.00%	$100k	-	Business 60 Month Jumbo CD
2.99%	$100k	-	48 Month Jumbo CD with Checking
2.99%	$100k	-	Business 48 Month Jumbo CD with Checking
2.95%	$100k	-	Business 48 Month Jumbo CD
2.94%	$100k	-	60 Month Jumbo CD with Checking
2.78%	$1k	-	36 Month CD with Checking
2.78%	$1k	-	18 Month CD
2.78%	$1k	-	Business 18 Month CD
2.78%	$1k	-	Business 36 Month CD with Checking
2.78%	$1k	-	3 Month CD
2.78%	$1k	-	Business 3 Month CD
2.78%	$100k	-	24 Month Jumbo CD
2.78%	$500	-	3 Month Youth CD
2.78%	$500	-	18 Month Youth CD
2.78%	$500	-	36 Month Youth CD with Checking
2.73%	$1k	-	48 Month CD with Checking
2.73%	$1k	-	Business 48 Month CD with Checking
2.73%	$500	-	48 Month Youth CD with Checking
2.68%	$1k	-	60 Month CD with Checking
2.68%	$1k	-	Business 60 Month CD with Checking
2.68%	$500	-	60 Month Youth CD with Checking
2.53%	$1k	-	24 Month CD
2.53%	$1k	-	Business 24 Month CD
2.53%	$100k	-	36 Month Jumbo CD
2.53%	$500	-	24 Month Youth CD
2.48%	$100k	-	48 Month Jumbo CD
2.43%	$100k	-	60 Month Jumbo CD
2.27%	$1k	-	36 Month CD
2.27%	$1k	-	Business 36 Month CD
2.27%	$500	-	36 Month Youth CD
2.22%	$1k	-	48 Month CD
2.22%	$1k	-	Business 48 Month CD
2.22%	$500	-	48 Month Youth CD
2.17%	$1k	-	60 Month CD
2.17%	$1k	-	Business 60 Month CD
2.17%	$500	-	60 Month Youth CD

Sound Community Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.23%	$500	-	9 Month IRA with Checking
4.07%	$500	-	6 Month IRA with Checking
3.76%	$500	-	12 Month IRA with Checking
3.71%	$500	-	9 Month IRA
3.56%	$500	-	6 Month IRA
3.30%	$500	-	18 Month IRA with Checking
3.30%	$500	-	3 Month IRA with Checking
3.25%	$500	-	12 Month IRA
3.04%	$500	-	24 Month IRA with Checking
2.78%	$500	-	18 Month IRA
2.78%	$500	-	36 Month IRA with Checking
2.78%	$500	-	3 Month IRA
2.73%	$500	-	48 Month IRA with Checking
2.68%	$500	-	60 Month IRA with Checking
2.53%	$500	-	24 Month IRA
2.27%	$500	-	36 Month IRA
2.22%	$500	-	48 Month IRA
2.17%	$500	-	60 Month IRA

Locations

Cities: Mountlake Terrace, Port Angeles, Port Ludlow, Seattle, Sequim, Tacoma, University Place

Mountlake Terrace Branches
Cedar Plaza	22807 44th Avenue West	Mountlake Terrace, WA 98043

Port Angeles Branches
Port Angeles Branch	110 North Alder Street	Port Angeles, WA 98362

Port Ludlow Branches
Port Ludlow Branch	9500 Oak Bay Road	Port Ludlow, WA 98365

Seattle Branches
Sound Community Bank	2400 3rd Ave	Seattle, WA 98121
Belltown	2400 3rd Ave Suite 150	Seattle, WA 98121
Downtown Seattle Office	2001 Fifth Avenue	Seattle, WA 98121

Sequim Branches
Sequim Branch	645 W. Washington Street	Sequim, WA 98382
Creekside	990 East Washington Street, Suite F	Sequim, WA 98382

Tacoma Branches
Tacoma-South	2941 South 38th Street	Tacoma, WA 98409

University Place Branches
Westside Community Bank Branch	4922 Bridgeport Way West	University Place, WA 98467

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