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Flushing Bank Review

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Flushing Bank Savings
1.90% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


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.

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 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

Flushing Bank Savings 1.90 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

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.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

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.

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

SmartAsset Average: 4.8

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

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 Flushing Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 1.9% APY $1
Checking Account 0.25% APY $1
Certificates of Deposit
  • 12 Month: 0.15% APY
  • 24 Month: 0.15% APY
  • 36 Month: 0.35% APY
  • 48 Month: 0.35% APY
  • 60 Month: 2.87% APY
$5000 for all terms
Money Market Account 0.15% APY $5000

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.

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Find a Flushing Bank Near Me

Flushing Bank has 20 locations across the U.S.

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