Sound Community Bank


Overview / Commentary
800-458-5585
2400 Third Avenue
Seattle, WA 98121

Sound Community Bank is headquartered in Seattle and is the 18th largest bank in the state of Washington. It is also the 1,039th largest bank in the nation. It was established in 1953 and as of June of 2022, it had grown to 130 employees at 10 locations. Sound Community Bank's money market rates are 3X the national average, and it has a B+ health rating.

Reviews (1)

DO NOT OPEN AN ACCOUNT HERE!!!!!

Posted by: |

Their lack of security measures allowed my business bank account to be hacked for over $4500!! The purchases were made overseas -- I never leave the country -- and should have been a HUGE red flag to any reputable bank with a half decent fraud protection system. They allowed OVER 70 CHARGES to go through before finally sending a text message to ask if the charges were legitimate. ARE YOU KIDDING ME?!?!
And after MONTHS of waiting for the dispute to settle, I was only refunded $2500!!! And because it's a business account, they will not refund the remainder of the funds that THEY ALLOWED TO BE WITHDRAWN FROM MY ACCOUNT!!!!!!

There are WAY better banks out there. Business owners--- DO YOUR RESEARCH!!!!!! DO NOT USE THIS BANK EVER!!!!



Health
B+

Health Grade Components

Overall
FDIC Certificate #57451
Year Established1953
Employees130
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.81%
Return on Equity - YTD7.44%
Annual Interest Income$17.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$937.3MM$923.3MM
LoansQ2 2022vs Q2 2021$799.1MM$637.2MM
DepositsQ2 2022vs Q2 2021$790.0MM$814.1MM
Equity CapitalQ2 2022vs Q2 2021$104.0MM$96.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$7.1MM$6.2MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$4.6MM$1.5MM
Real Estate OwnedQ2 2022vs Q2 2021$659.00K$659.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Sound Community Bank; 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.

Sound Community Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$100-Regular Savings Account
0.05%$100-Business Savings Account
0.05%--Educational Savings
0.05%--IRA Savings
0.05%--Youth Savings Account
0.05%$1k-Health Savings Account

Sound Community Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.41%*$1m*-eMoney Maker
OTHER TIERS: 0.10% Up to $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% Up to $25k | 0.15% $25k - $50k | 0.21% $50k - $100k | 0.26% $100k - $250k | 0.76% $250k - $500k | 1.16% $500k - $1m
1.26%*$1m*-Business Premier Money Market
OTHER TIERS: 0.05% Up to $50k | 0.21% $50k - $100k | 0.26% $100k - $500k | 1.00% $500k - $1m
0.15%*$50k*-Money Market Account
OTHER TIERS: 0.05% Up to $1k | 0.10% $1k - $50k
0.15%*$50k*-Business Money Market Account
OTHER TIERS: 0.05% Up to $1k | 0.10% $1k - $50k

Sound Community Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$1k-Prime Checking (50+)

Sound Community Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.60%$100k-24 Month Jumbo CD with Checking
4.34%$1k-24 Month CD with Checking
4.34%$1k-Business 24 Month CD with Checking
4.33%$100k-6 Month Jumbo CD with Checking
4.30%$100k-13 Month Jumbo CD with Checking
4.14%$100k-24 Month Jumbo CD
4.07%$1k-6 Month CD with Checking
4.07%$1k-Business 6 Month CD with Checking
4.07%$100k-3 Month Jumbo CD with Checking
4.04%$1k-13 Month CD with Checking
4.04%$1k-Business 13 Month CD with Checking
3.88%$1k-24 Month CD
3.88%$1k-Business 24 Month CD
3.82%--3 Month CD with Checking
3.82%--Business 3 Month CD with Checking
3.82%$100k-6 Month Jumbo CD
3.80%$100k-13 Month Jumbo CD
3.56%$1k-6 Month CD
3.56%$1k-Business 6 Month CD
3.56%$100k-3 Month Jumbo CD
3.55%$1k-13 Month CD
3.55%$1k-Business 13 Month CD
3.30%--3 Month CD
3.30%--Business 3 Month CD
2.93%$100k-60 Month Jumbo CD with Checking
2.68%--18 Month Jumbo CD with Checking
2.67%$1k-60 Month CD with Checking
2.67%$1k-Business 60 Month CD with Checking
2.53%$100k-18 Month Bump Up Jumbo CD with Checking
2.43%$1k-18 Month CD with Checking
2.43%$1k-Business 18 Month CD with Checking
2.42%$100k-60 Month Jumbo CD
2.27%$1k-18 Month Bump Up CD with Checking
2.27%$1k-Business 18 Month Bump Up CD with Checking
2.16%$1k-60 Month CD
2.16%$1k-Business 60 Month CD
2.16%$100k-18 Month Jumbo CD
2.12%$100k-9 Month Jumbo CD with Checking
2.02%$100k-18 Month Bump Up Jumbo CD
1.92%$1k-18 Month CD
1.92%$1k-Business 18 Month CD
1.88%$100k-48 Month Jumbo CD with Checking
1.87%$1k-9 Month CD with Checking
1.87%$1k-Business 9 Month CD with Checking
1.83%$100k-36 Month Jumbo CD with Checking
1.76%$1k-18 Month Bump Up CD
1.76%$1k-Business 18 Month Bump Up CD
1.62%$1k-48 Month CD with Checking
1.62%$1k-Business 48 Month CD with Checking
1.61%$100k-9 Month Jumbo CD
1.57%$1k-36 Month CD with Checking
1.57%$1k-Business 36 Month CD with Checking
1.36%$1k-9 Month CD
1.36%$1k-Business 9 Month CD
1.27%$100k-48 Month Jumbo CD
1.22%$100k-36 Month Jumbo CD
1.01%$1k-48 Month CD
1.01%$1k-Business 48 Month CD
0.96%$1k-36 Month CD
0.96%$1k-Business 36 Month CD

Sound Community Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.34%$500-24 Month IRA with Checking
4.07%$500-6 Month IRA with Checking
4.04%$500-13 Month IRA with Checking
3.88%$500-24 Month IRA
3.82%$500-3 Month IRA with Checking
3.56%$500-6 Month IRA
3.55%$500-13 Month IRA
3.30%$500-3 Month IRA
2.67%$500-60 Month IRA with Checking
2.43%$500-18 Month IRA with Checking
2.27%$500-18 Month Bump Up IRA with Checking
2.16%$500-60 Month IRA
1.92%$500-18 Month IRA
1.87%$500-9 Month IRA with Checking
1.76%$500-18 Month Bump Up IRA
1.62%$500-48 Month IRA with Checking
1.57%$500-36 Month IRA with Checking
1.36%$500-9 Month IRA
1.01%$500-48 Month IRA
0.96%$500-36 Month IRA
Locations


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

Mountlake Terrace Branches
Cedar Plaza22807 44th Avenue WestMountlake Terrace, WA 98043

Port Angeles Branches
Port Angeles Branch110 North Alder StreetPort Angeles, WA 98362

Port Ludlow Branches
Port Ludlow Branch9500 Oak Bay RoadPort Ludlow, WA 98365

Seattle Branches
Sound Community Bank2400 3rd AveSeattle, WA 98121
Belltown2400 3rd Ave Suite 150Seattle, WA 98121
Downtown Seattle Office2001 Fifth AvenueSeattle, WA 98121

Sequim Branches
Sequim Branch645 W. Washington StreetSequim, WA 98382
Creekside990 East Washington Street, Suite FSequim, WA 98382

Tacoma Branches
Tacoma-South2941 South 38th StreetTacoma, WA 98409

University Place Branches
Westside Community Bank Branch4922 Bridgeport Way WestUniversity Place, WA 98467

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