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Yakima Federal Savings and Loan Association Review

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Yakima Federal Savings and Loan Association Savings
0.05% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Yakima Federal Savings and Loan Association Bank was founded in 1905 and its headquarters are located in Yakima, Washington. Yakima Federal Savings and Loan Association handles assets of $2 billion as well as $1 billion in deposits, classifying it as a large bank. Yakima Federal Savings and Loan Association 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 access to service representatives at a physical location, in addition to its online and mobile offerings. Overall, Yakima Federal Savings and Loan Association is a solid contender in your bank search, with a score of 4.2 out of 5 stars from our experts. Yakima Federal Savings and Loan Association offers a diverse array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Yakima Federal Savings and Loan Association's ordinary checking account does not have a monthly fee. Using an institution with free checking, in addition to a high interest rate savings account is your best option for accruing the most income from your deposits while having convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

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

Rates

2.8
SmartAsset Average: 3.5

Yakima Federal Savings and Loan Association features a savings rate of 0.05%, which is fair compared to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 0.25% and 3.00%, respectively, while its highest-yielding money market account has an APY of 0.20%. Given Yakima Federal Savings and Loan Association's poor savings rate, you should consider choosing another bank to earn more on your deposits.

How Yakima Federal Savings and Loan Association's Savings Rates Compare

Yakima Federal Savings and Loan Association Savings 0.05 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Yakima Federal Savings and Loan Association charges its customers extremely low fees compared to the average U.S. bank. Yakima Federal Savings and Loan Association's checking account has no monthly fee, making it excellent for anyone looking for a simple account. Yakima Federal Savings and Loan Association does not refund out-of-network ATM fees, which means you'll have to search for a Yakima Federal Savings and Loan Association ATM or eat the 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

3.8
SmartAsset Average: 3.7

Yakima Federal Savings and Loan Association Bank is a brick-and-mortar bank, with 10 total bank locations in Washington. It also offers access to mobile and web apps for an easy mobile-banking experience. Yakima Federal Savings and Loan Association receives average reviews from customers for its online presence. The Yakima Federal Savings and Loan Association mobile app has an overall rating of 3.7 out of 5 (with 45 customer reviews on iOS and Android) compared to the national average of 3.8. Yakima Federal Savings and Loan Association's mobile app lets you manage your funds by checking account balances, sending and receiving funds and accessing support representatives. Yakima Federal Savings and Loan Association gets an exceptional consumer satisfaction score based on comparatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

Overall Mobile Rating 3.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

Yakima Federal Savings and Loan Association is currently a large bank and owns $2 billion in assets and deposits totaling $1 billion. Its Texas Ratio is 0.58%, signifying that Yakima Federal Savings and Loan Association is in outstanding financial shape and far from failure. Additionally, Yakima Federal Savings and Loan Association 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.

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Compare Yakima Federal Savings and Loan Association to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.05% APY $1
Checking Account 0.05% APY $1000
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.50% APY
  • 36 Month: 2.50% APY
  • 48 Month: 1.55% APY
  • 60 Month: 3.00% APY
$10000 for all terms
Money Market Account 0.05% APY $2500

Yakima Federal Savings and Loan Association Bank offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Yakima Federal Savings and Loan Association 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. Yakima Federal Savings and Loan Association's CD rates are fair as compared against the national average.

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Find a Yakima Federal Savings and Loan Association Near Me

Yakima Federal Savings and Loan Association has 10 physical branches in the U.S.

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