Established in 2007, Flushing Bank has assets totaling $6 billion and deposits totaling $4 billion, classifying it as a large bank. Flushing Bank, whose headquarters are in Uniondale, New York, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. With a score of 3.8 stars out of 5, Flushing Bank should be near the middle of the pack in your search for a bank. Flushing Bank has a mixture 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; you can find higher rates with other banks. If you're interested in stress-free personal checking, Flushing Bank's standard checking account does not have a monthly fee. Obtaining a checking account with no monthly fee and a savings account with a high interest rate at the same institution is your best bet for accruing 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
Flushing Bank has a savings rate of 1.90%, which is poor in comparison to the national average. Flushing Bank's one-year and five-year term lengths CDs earn at a rate of 2.25% and 2.87%, respectively, while its highest-yielding money market account earns at a rate of 2.25%. Given its poor savings rate, you should think about looking elsewhere to open savings accounts.
How Flushing Bank's Savings Rates Compare
Flushing Bank charges its customers extremely low fees compared to the average U.S. bank. With no monthly fee, Flushing Bank's checking account is ideal for people who want an easy banking experience. Flushing Bank doesn't reimburse out-of-network ATM fees, which means you will be required to search for a Flushing Bank ATM or accept the fee.
Flushing Bank is a brick-and-mortar bank, with 20 total bank locations in New York. With a mobile app, Flushing Bank provides straightforward mobile banking, even from home or work. Flushing Bank receives a superb consumer satisfaction score based on comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
Flushing Bank ranks as a large bank and owns $6 billion in assets and deposits totaling $4 billion. Flushing Bank's Texas Ratio is 3.68%, indicating that Flushing Bank is in superb financial shape 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.Back to Overview
Compare Flushing Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||1.9% APY||$1|
|Checking Account||0.75% APY||$1|
|Certificates of Deposit|| ||$5000 for all terms|
|Money Market Accounts||0.15% APY 2.25% APY||$10000 $15000|
Flushing Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Flushing Bank does not have the best savings rate, which means you should consider 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 in comparison to the average U.S. bank.Back to Overview
Find a Flushing Bank Near Me
Flushing Bank has 20 locations in the U.S.Back to Overview