Great place to work - Anonymous employee WaFd Bank Employee Review

5.0
Oct 24, 2017
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Washington Federal is a great place to work. It has a relaxed workplace and friendly caring coworkers all the way up to senior management. Others have commented that the pay is below what other banks offer, but I've found that if work hard and contribute, they'll pay you generously. Additionally, for the six years I've been here, they have paid a very generous bonus (~15%) and contribute 11% to your 401k which broke nags a below market base salary up to what you'd expect some where else. Having worked with senior management in occasion, I can tell you they care about the employees and strive to make Washington Federal a great place to work.

Cons

Although the coverage is good, the health insurance premiums a little jig depending on which option you chose. Employee only is great and $50 a month, but if you need to insure your spouse, it's very high. It's actually cheaper to insure your spouse and kids than just your spouse. I know they were trying to offset insurance costs by raising the rates on the group they perceive to be best able to afford increases ( childless couple that make enough to have one partner stay home) but it also increased the premium on single income families whose children qualify for state insurance. If you live in WA that's probably most as you can make 80-100k and still qualify depending on family size. If that's you, plan to insure your spouse elsewhere.

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WaFd Bank Response
8y
Thank you for sharing your thoughts. We are glad to have people like you on our team! With the rising healthcare costs we do try to keep the premiums affordable for our employees. Thank you for bringing your concerns to our attention.

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5.0
Mar 18, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The leadership at all levels is outstanding

Cons

No cons in the bank

2.0
May 28, 2026
Recommend
CEO approval
Business Outlook

Pros

Primarily remote work. Decent PTO after the 4th year.

Cons

Limited staffing and limiting overtime opportunities until the bitter end of potentially missing deadlines, which you are guilted into working. 2% "raise" every January and ZERO merit raises. Gutted profit sharing and profitability bonuses over time. Most recent bonus, which is tied to net profit after dividends, was given a result when the scale was never published. All previous bonuses had a floor-to-ceiling profit scale that showed the targets months in advance of the end of the bonus period.

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