As of March 1st, this website will be redirected to WaFd Bank

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Welcome to WaFd Bank

Welcome Luther Burbank Savings Clients to WaFd Bank. Please find helpful information here for a smooth transition on March 4th.

Welcome to WaFd

See how much you can save

  • Certificate of Deposit Accounts

    Choose the level of commitment that’s right for you with a high-yield CD.

    ✔ Fixed, competitive rates

    ✔ $1,000 minimum opening deposit

    ✔ Free online & mobile banking

    ✔ FDIC insured3

    Look Up Rates

  • Insured Deposit Marketplace

    FDIC insurance for deposits up to $50 million dollars4.

    ✔ Earn 5.00% APY5 for a limited time

    ✔ Eliminate the need to establish multiple banking and brokerage relationships

    ✔ $250,000 minimum opening deposit

    Learn More

  • Money Market Accounts

    Stay flexible and earn more on larger deposits with tiered interest rates.

    ✔ Competitive rates

    ✔ Easy access to your funds

    ✔ Free online & mobile banking

    ✔ FDIC insured3

    Look Up Rates

Start earning

Product availability may vary by location, enter your zip code so that we may provide you with the most relevant results.

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Safety & Soundness

at Luther Burbank Savings

Events in the banking industry during 2023 have left many people with questions. At Luther Burbank Savings, we're here to help address those questions. It's important to know that Luther Burbank Savings is a secure and reliable financial institution, and our dedicated team is committed to providing top-notch service for all of your banking needs.

✔ A well-capitalized institution

✔ A 5-star rating by BauerFinancial

✔ Sufficient liquidity to support customer withdrawals

✔ The credit quality of our loan portfolio remains solid

✔ Luther Burbank Savings is an FDIC insured bank

SAFETY & SOUNDNESS

Banking that fits you

  • Personal

    Whether you are seeking a spending or savings account, our professional bankers are available to discuss product options with you.

  • Business

    We offer business checking and savings accounts as well as certificates of deposit. Or take advantage of our efficient and secure treasury management tools.

  • Lending

    Our team are experts at underwriting multifamily and residential real estate properties, originating loans that meet investors’ and developers’ needs.

Who we are

Since 1983, Luther Burbank Savings has provided a boutique banking experience, serving customers across California and Washington. We treat each of our customers as individuals, providing personalized service, customized banking solutions and financial expertise that’s tailored to every person’s unique circumstances.

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Our mission

Banking is a collaboration. At Luther Burbank Savings, we’re here to help our customers thrive so they can reach important milestones and secure their financial future. We exist to offer people a uniquely human-centered banking experience through meaningful relationships that are built on trust, respect, genuine care and personalized expertise. We’re committed to giving every individual customer the resources, support and time they need to grow.

We're here for you

We're dedicated to providing banking solutions and human-to-human support that enables you to manage your money with confidence.

  • Visit Us

    We're in Your Neighborhood

    Find addresses, phone numbers and business hours for your nearest branch.

  • Call Us

    855.903.2479

    Our experts are just a phone call away. Available Monday – Friday, 9am to 5pm (PT).

  • Message Us

    Send a Message or Email

    Submit a message anytime online or email us. Click below to get in touch.

3 Deposits are FDIC insured up to at least $250,000 per depositor, per ownership category.

4 Funds participating in the IDM program are deposited into deposit accounts at participating banks which are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 for each category of legal ownership, including any other balances you may hold directly or through other intermediaries, including broker-dealers. The total amount of FDIC insurance for your account depends on the number of banks in the program. Review the Program Terms and Conditions carefully before depositing money into the program and for other important disclosures and information. To assure your FDIC coverage, regularly review banks in which your funds have been deposited and notify Luther Burbank immediately if you do not want to allocate funds to a particular bank or banks.

5 Annual Percentage yield (APY) is accurate as of 02/01/24. The Insured Deposit Marketplace (IDM) Program Money Market account is a variable rate and may change at any time without notice after the account is opened. Minimum opening deposit amount is $250,000. The APY is earned on all account balances maintained within the IDM program. Fees may reduce earnings. This is a limited time offer and may be discontinued at any time. Contact us for details.

† Message and data rates may apply.