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Columbia State Bank Review

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Columbia State Bank Savings
0.01% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 1993, Columbia State Bank has assets totaling $13 billion along with deposits totaling $11 billion, ranking it as a large bank. Columbia State Bank, whose headquarters are in Tacoma, Washington, has above-average access to customer service with a live chat feature, great for getting help during the work week. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. On the whole, Columbia State Bank is an average bank that leaves room for improvement, with a score of 3.7 stars out of 5 from our team. Columbia State Bank provides customers with an array banking products, including savings accounts, checking accounts, money market accounts and credit cards. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking account has a $5.00 monthly fee, although banks sometimes have requirements that allow you to waive the fee. Locating a checking account with no monthly fee as well as a savings account with a high APY at the same institution is your best option for returning the most income from your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

With a savings rate of 0.01%, Columbia State Bank ranks poorly in comparison to the national average. Its one-year and five-year term lengths CDs earn at a rate of 0.07% and 0.16%, respectively, while its highest-yielding money market account earns at an APY of 0.02%. Given its below average savings rate, you should consider choosing another bank to earn more on your deposits.

How Columbia State Bank's Savings Rates Compare

Columbia State Bank Savings 0.01 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Columbia State Bank has typically above-average fees in comparison to the national average. At $5.00/month, Columbia State Bank's checking account is not the best product for those who want an easy checking account. For those who frequently visit the ATM, Columbia State Bank is not the best product because it charges an out-of-network ATM fee of $2.50, which is less than great in comparison to other U.S. banks. Additionally, Columbia State Bank has an overdraft fee of $35.00, which is on par with that of other U.S. banks. Columbia State Bank unfortunately does not reimburse out-of-network ATM charges, which means you will need to find a Columbia State Bank ATM or eat the withdrawal fee.

Monthly Fee $5.00 National Average: $3.21
Non-network ATM Fee $2.50 National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

Columbia State Bank is a brick-and-mortar bank, with 156 total branches in Idaho, Oregon and Washington. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not offer all-day customer service with representatives. You can get help during its hours, which are Monday through Friday, 6:00 a.m. to 8:00 p.m. PT; Saturday, and 8:00a.m. to 5:00 p.m. PT. Additionally, Columbia State Bank customers can access live chat for customer service questions, something to consider if you work during the customer service hours. Columbia State Bank's online and mobile banking platforms get poor feedback from customers. The Columbia State Bank mobile app scored a 2.6 out of 5 (out of 120 customer reviews on iOS and Android) compared to the national average of 3.8. Columbia State Bank's mobile app allows you to control your funds by reviewing monthly statements, transferring money and accessing customer service. Columbia State Bank gets an excellent consumer satisfaction rating due to relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 2.6/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat Yes
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Financial Health

SmartAsset Average: 4.8

Columbia State Bank ranks as a large bank owning assets totaling $13 billion and deposits totaling $11 billion. Columbia State Bank's Texas Ratio is 3.72%, denoting that Columbia State Bank is in superb financial well-being and improbable to fail. Additionally, Columbia State Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Columbia State Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.01% APY $1
Checking Account 0.01% APY $2500
Certificates of Deposit
  • 12 Month: 0.07% APY
  • 24 Month: 0.12% APY
  • 36 Month: 0.12% APY
  • 48 Month: 0.16% APY
  • 60 Month: 0.16% APY
$10000 for all terms
Money Market Account 0.01% APY $5000

Columbia State Bank has several deposit products like savings accounts, checking accounts and money market accounts to give you many options to manage your money. Columbia State Bank does not have the best savings rate, which means you should consider looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Columbia State Bank's CD rates are fair in comparison to the national average.

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Find a Columbia State Bank Near Me

Columbia State Bank has 156 locations across the U.S.

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