Flushing Bank Review

Overview

Founded in 2007, Flushing Bank has assets totaling $9.05 billion and deposits totaling $7.26 billion, making it a large bank. Flushing Bank, whose headquarters are in Uniondale, New York, has above-average customer service access with all-day support available, 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 offerings. Coming in at an average 3.8 out of 5 stars, Flushing Bank proves it is an acceptable bank choice, but may leave you wanting more. Flushing Bank has a complete array of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Flushing Bank's standard checking does not carry a monthly fee. Locating a bank with no-fee checking, in addition to a high interest rate savings account is the best bet for accruing the highest income on your deposits alongside easy access to your money.

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

With a savings rate of 0.05%, Flushing Bank ranks poorly as compared against the national average. Flushing Bank's nine-month and one-year term lengths CDs earn at a rate of 3.75% and 3.85%, respectively, while its highest-yielding money market account has an APY of 0.60%. Given Flushing Bank's noncompetitive savings rate, you should consider looking at the competition to open savings accounts.

How Flushing Bank's Savings Rates Compare

On average, Flushing Bank charges customers extremely low fees compared to other U.S. banks. With no monthly fee, Flushing Bank's checking account is ideal for those who want a hassle-free checking account. Additionally, Flushing Bank has an overdraft fee of $0.00, which is the average overdraft fee charged by U.S. banks. Flushing Bank does not reimburse out-of-network ATM fees, meaning you will need to search for a Flushing Bank ATM or eat the fee.

Flushing Bank is a brick-and-mortar bank, with 29 total branches. With a mobile app, Flushing Bank provides easy mobile banking, even from home or work. It has access to all-day access to representatives. Flushing Bank receives a superb consumer satisfaction score based on comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Flushing Bank ranks as a large bank and owns $9.05 billion in assets as well as $7.26 billion in deposits. Flushing Bank's Texas Ratio is 3.34%, denoting a negligible chance of 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 taking a look 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. Flushing Bank's CD rates are fair in comparison to other U.S. banks.

Find a Flushing Bank Near Me

Flushing Bank has 29 physical locations across the U.S.