Asian Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.08% | 1-year CD | 10 Months CD Special 1.50% - Ally Bank No Penalty 11-Month CD |
| 1.68% | 3-year CD | 30 Months CD Special 1.85% - Synchrony Bank 36 Month CD |
| 1.38% | 18-month CD | 15 Month CD Special 1.45% - Synchrony Bank 18 Month CD |
Asian Bank is headquartered in Philadelphia and is the 126th largest bank in the state of Pennsylvania. It is also the 3,279th largest bank in the nation. It was established in 1999 and as of June of 2017, it had grown to 30 employees at 1 location. Asian Bank's money market rates are 3X the national average, and it has a B+ health rating.
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Good bank for the average joe!
I went to open a bank account because my work place recently required direct deposits, so I went to Asian Bank. There were little to no customers there when I arrived, so I waited for less than a minute and got to talk with one of the representatives. She was extremely nice and went over all the checking account options that I had. I went with the basic checking. She said there was only a minimum balance of $100, which is reasonable, and that that I will get my first 3 checks for free! She then took me through the whole process and within 20 minutes, I was done. Very happy and pleased with the experience. She also told me about mobile banking and how there is even an app for it. I use it a lot since I don't have the time to go to the bank physically all the time. It may not be the biggest bank, but it definitely work out for me.
Experience With Asian Bank
I opened up a basic checking account with the Asian Bank one year ago. I needed a 100 dollar minimum deposit and the representative told me that the daily minimum requirement is 100 dollars. If I went below the requirement, I would have to pay a 6 dollar fee. That was reasonable. The representative was friendly and opened up my account in about 15 minutes. She also asked me if anyone referred me to the bank because they were doing a referral program and both the referrer and the account opener would get an extra 25 bucks.
One week later, I wanted to do online banking so I called the bank to see how I can get started. The representative over the phone told me to use my social security number as both the username and password. It didn't work so the representative told me to go to their branch and set up online banking. I went there and the representative set it up in under 5 minutes. He then printed out a paper with a temporary username and password. He told me that if I had any problem, I can always come back. When I went home and tried to access my account online, it worked! Overall, I had a pleasant experience with my local bank. Nice customer service and very easy to set up an account.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34759 |
| Year Established | 1999 |
| Employees | 30 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.83% |
| Return on Equity - YTD | 9.7% |
| Annual Interest Income | $3.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $171.3MM$157.9MM |
| Loans | Q2 2017vs Q2 2016 | $134.0MM$111.6MM |
| Deposits | Q2 2017vs Q2 2016 | $131.5MM$123.3MM |
| Equity Capital | Q2 2017vs Q2 2016 | $15.0MM$12.5MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $1.7MM$1.5MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $1.6MM$1.4MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $180.00K$254.00K |
Always verify rates and promotions with the bank or credit union. We are not Asian Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Asian Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $25k* | - | Savings Account | ||
| OTHER TIERS: 0.10% → $250 - $25k | |||||
| 0.40%* | $25k* | - | Business Savings | ||
| OTHER TIERS: 0.10% → $250 - $25k | |||||
| 0.15% | $50 | - | Student Savings | ||
| 0.15% | $100 | - | Family Savings | ||
| 0.01% | $500 | - | Secured Credit Card Savings | ||
Asian Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.28%* | $50k* | $100k | Money Market Account | ||
| OTHER TIERS: 0.30% → $1k - $10k | 0.50% → $10k - $50k | 0.60% → $100k+ | |||||
| 0.50%* | $100k* | - | Business Money Market Account | ||
| OTHER TIERS: 0.10% → $1k - $10k | 0.30% → $10k - $50k | 0.40% → $50k - $100k | |||||
Asian Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.35% | $500 | - | Business NOW | |
| 0.05% | $500 | - | Premier Checking Account |
Asian Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.02% | $1k | - | 60 Months CD | |
| 2.02% | $1k | - | Business 60 Months CD | |
| 1.68% | $1k | - | 18 Months CD Special | |
| 1.68% | $1k | - | Business 18 Months CD Special | |
| 1.68% | $1k | - | Business 30 Months CD Special | |
| 1.68% | $1k | - | 30 Months CD Special | |
| 1.38% | $1k | - | 15 Month CD Special | |
| 1.38% | $1k | - | Business 15 Month CD Special | |
| 1.38% | $1k | - | 48-59 Month CD | |
| 1.38% | $1k | - | Business 48-59 Month CD | |
| 1.28% | $1k | - | 36-47 Month CD | |
| 1.28% | $1k | - | Business 36-47 Month CD | |
| 1.08% | $1k | - | 10 Months CD Special | |
| 1.08% | $1k | - | Business 10 Months CD Special | |
| 1.08% | $1k | - | 24-35 Month CD | |
| 1.08% | $1k | - | Business 24-35 Month CD | |
| 0.50% | $1k | - | 12-23 Month CD | |
| 0.50% | $1k | - | Business 12-23 Month CD | |
| 0.30% | $1k | - | 01-05 Month CD | |
| 0.30% | $1k | - | 06-11 Month CD | |
| 0.30% | $1k | - | Business 01-05 Month CD | |
| 0.30% | $1k | - | Business 06-11 Month CD |
Asian Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.02% | $1k | - | 60 Months IRA | |
| 1.38% | $1k | - | 48-59 Month IRA | |
| 1.28% | $1k | - | 36-47 Month IRA | |
| 1.08% | $1k | - | 24-35 Month IRA | |
| 0.50% | $1k | - | 12-23 Month IRA | |
| 0.30% | $1k | - | 01-05 Month IRA | |
| 0.30% | $1k | - | 06-11 Month IRA |
| Asian Bank Locations | ||
|---|---|---|
| Asian Bank | 815-837 Arch Street | Philadelphia, PA 19107 |