Flushing Bank Review

Overview

Started in 2007, Flushing Bank has assets totaling $6 billion and deposits totaling $4 billion, ranking the institution as a large bank. Flushing Bank, whose headquarters are in Uniondale, New York, lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. Coming in at an average 3.8 out of 5 stars, Flushing Bank proves it is a decent choice, but with better options out there. Flushing Bank has a complete selection of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Flushing Bank has a fair savings rate; other popular banks have higher rates. If you're looking for a checking account for everyday use, Flushing Bank's standard checking account does not have a monthly fee. Banks that offer free checking as well as a high interest rate savings account are the best bet for returning the most income on your deposits while having convenient access to your funds.

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

With a savings rate of 1.90%, Flushing Bank ranks poorly in comparison to the national average. Flushing Bank's CD rates are 0.15% and 2.87% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 2.25%. Given Flushing Bank's poor savings rate, you should think about opting for higher earning savings accounts with other banks.

How Flushing Bank's Savings Rates Compare

On average, Flushing Bank charges its customers extremely low fees as compared against the national average. With no monthly fee, Flushing Bank's checking account is perfect for those who need an easy checking account. Flushing Bank doesn't refund out-of-network ATM fees, meaning you'll need to find a Flushing Bank ATM or eat the withdrawal fee.

Flushing Bank is a brick-and-mortar bank, with 20 total bank locations in New York. With a mobile app, Flushing Bank provides easy account access, even from home or work. Flushing Bank receives a superb consumer satisfaction rating due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Flushing Bank ranks as a large bank owning $6 billion in assets as well as deposits totaling $4 billion. Flushing Bank has an excellent Texas Ratio of 3.68%, signifying that the bank is in superb financial well-being and far from failure. Additionally, Flushing Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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.

Products Offered

Flushing Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Flushing Bank does not have the best savings rate, which means you should think about other options 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. Flushing Bank's CD rates are fair compared to the national average.

Find a Flushing Bank Near Me

Flushing Bank has 20 locations across the U.S.