American Plus Bank, N.A. is offering competitive rates on its short-term and mid-term CDs. These include a 1.76% APY 6-month CD, a 2.02% APY 12-month CD and a 2.27% APY 24-month CD. Minimum deposit is $1,000. These rates are listed at the
bank's rates page as of 11/23/09.
The bank also has competitive rates on its tiered-rate money market and savings accounts. As of 11/23/09, the top rate is 1.88% APY in the savings account with a balance of at least $10,000. When I last reported on this bank in
July, the top rate was 2.08% APY so it has a history of competitive rates. The savings account requires a minimum balance of $300 to avoid monthly service charges.
It appears that a branch visit is required to open an account. It's a small one-office bank that was recently established in 2007. The office is
located in Arcadia, California which is in the suburbs of Los Angeles.
Since it's fairly new, the bank only has a start-up label at BauerFinancial. However,
Bankrate does have a rating for it, and it gives the bank 3 stars (performing) based on 6/30/09 financial data. The bank is a member FDIC (
FDIC Certificate # 58469).
Other Competitive Savings Account and CD Rates
