Overview / Commentary
500 Delaware Avenue
Wilmington, DE 19801

WSFS Bank is headquartered in WILMINGTON and is the 7th largest bank in the state of Delaware. It is also the 95th largest bank in the nation. It was established in 1832 and as of March of 2023, it had grown to 2,109 employees at 100 locations. WSFS Bank's money market rates are 9X the national average, and it has a B+ health rating.

A very reliable bank in Delaware

WSFS is a pretty reliable bank to use regularly. They have friendly customer service, overall. Their employees treat you like valued customers.

On the downside, they do not have as many online features as, say, Capital One 360. I cannot yet deposit checks online. Their site interface is also not quite as advanced as some others.

Also on the negative, it is also more difficult to do transfers from other banks; They tend to charge you fees. Furthermore, there are overdraft fees and potential fees for withdrawing from a credit line automatically. This is inconvenient and can make transactions more of a hassle. Perhaps some other banking experiences have spoiled. For the record, I have a WSFS checking account.

On the plus side, you can get a debit card for them fairly easily. And if you live in Delaware, you can get serviced at a lot of different locations. There are also WSFS atms around the area. So more personal service and locations makes up somewhat for lack of online features. And that means that there are more people getting jobs instead of all the banking done remotely. I appreciate that.

Overall, a very good bank.

WSFS Is Truly A Service Oriented Bank

I have been a customer of this bank for over 15 years, and it is a bank that really focuses on the customer and goes the extra mile to provide great service. Although I had a couple negative experiences (with an excessive overdraft fee and fees for reordering checks),most of my contact with this bank has been problem free. At one branch, all of the representatives remember names and help each other out with cases when the others are busy.

NOT Service Oriented Anymore

Posted by: |

I have been with WSFS for over 10 years. I have noticed a decline in customer service, especially the past 3 years. As they focus more on growth and profit, they focus less on helping the customer. They eliminated the "REALLY! Free" banking, reduced the number of ATM's, don't keep the ATM's filled with money, and have made it more difficult and expensive to qualify for loans. Two of my family members have already switched, and I am too. They are now just another profit-focused business,

Shadow Of The Past

Posted by: |

we banked at WSFS and it's predecessors for as long as we can remember. Now they have closed our branch in Riverton. The people there were great. So we have closed all of our accounts. Service is no longer important to WSFS.



Health Grade Components

FDIC Certificate #17838
Year Established1832
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.31%
Return on Equity - YTD11.54%
Annual Interest Income$226.3MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$20.22B$20.87B
LoansQ1 2023vs Q1 2022$12.02B$11.27B
DepositsQ1 2023vs Q1 2022$16.38B$17.79B
Equity CapitalQ1 2023vs Q1 2022$2.34B$2.61B
Loan Loss AllowanceQ1 2023vs Q1 2022$169.2MM$136.3MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$35.6MM$23.2MM
Real Estate OwnedQ1 2023vs Q1 2022$1.1MM$1.8MM
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Always verify rates and promotions with the bank or credit union. We are not WSFS 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.

† 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.

WSFS Bank Savings Account Rates

0.20%--Small Business Core Savings
0.20%--Core Savings
0.20%--All-Purpose Club

WSFS Bank Money Market Rates

4.00%*$100k*-High Yield Money Market
OTHER TIERS: 0.03% Up to $10k | 2.25% $10k - $25k | 2.50% $25k - $50k | 2.75% $50k - $100k
0.50%*$500k*-Small Business Money Market
OTHER TIERS: 0.10% Up to $10k | 0.25% $10k - $100k | 0.40% $100k - $500k
0.50%*$500k*-Money Market
OTHER TIERS: 0.10% Up to $10k | 0.25% $10k - $100k | 0.40% $100k - $500k

WSFS Bank Checking Account Rates

0.02%*$25k*-Relationship Checking
OTHER TIERS: 0.01% Up to $25k
0.02%*$10k*-Campus Banking
OTHER TIERS: 0.01% Up to $10k

WSFS Bank CD Rates

4.50%$2.5k-11 Month CD Special
2.25%$2.5k-12 Month Fixed Rate CD
2.00%$2.5k-18 Month Fixed Rate CD
1.75%$2.5k-24 Month Fixed Rate CD
1.50%$2.5k-6 Month Fixed Rate CD
1.00%$2.5k-36 Month Fixed Rate CD
0.75%$2.5k-48 Month Fixed Rate CD
0.75%$2.5k-60 Month Fixed Rate CD
0.75%$2.5k-84 Month Fixed Rate CD
0.50%$2.5k-3 Month Fixed-Rate CD

WSFS Bank IRA Rates

4.50%$2.5k-11 Month IRA Special
2.25%$2.5k-12 Month Fixed Rate IRA
2.00%$2.5k-18 Month Fixed Rate IRA
1.75%$2.5k-24 Month Fixed Rate IRA
1.50%$2.5k-6 Month Fixed Rate IRA
1.00%$2.5k-36 Month Fixed Rate IRA
0.75%$2.5k-48 Month Fixed Rate IRA
0.75%$2.5k-60 Month Fixed Rate IRA
0.75%$2.5k-84 Month Fixed Rate IRA
0.50%$2.5k-3 Month Fixed-Rate IRA


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