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this fall
1 Annual percentage yield (APY) is accurate as of 11/13/23. Minimum $1,000 balance to open and obtain APY. Certificates of Deposit (CD) are fixed rate, fixed term accounts and the applicable APY and interest rate apply to the initial term. Early withdrawal penalties apply. Fees may reduce earnings. At maturity, these promotional rate Special Certificates of Deposit will automatically renew for the same term into a Standard Certificate of Deposit (CD) at the standard CD interest rate in effect on the maturity date. Rates subject to change without notice. This is a limited time offer and may be discontinued at any time. Business accounts excluded. Contact us for details.
2 Important Information About Opening an Account:
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. When you open an account, or apply for a loan, we will ask for your name, address, date of birth, Social Security number or TIN, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
To learn more about the categories of personal information collected and the purpose for which the information will be used, click here for a copy of our full CCPA Policy.
Luther Burbank Savings is based in California and accounts opened online are subject to California Law.
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Safety & Soundness
at Luther Burbank Savings
In light of recent developments in the banking industry, it's understandable that people may have concerns. At Luther Burbank Savings, we're here to help address any questions you may have. 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
Banking that fits you
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Personal
Whether you are seeking a spending or savings account, our professional bankers are available to discuss product options with you.
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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.
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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.
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.
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Find addresses, phone numbers and business hours for your nearest branch.
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855.903.2479
Our experts are just a phone call away. Available Monday – Friday, 9am to 5pm (PT).
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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 11/13/23. 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.