|1.18*%||$25k||-||American Plus Bank, N.A.||24 - 59 Months CD|
|1.06*%||$25k||-||American Plus Bank, N.A.||12 - 23 Months CD|
|0.83*%||$100k||-||American Plus Bank, N.A.||Personal Savings|
|0.70*%||$1k||-||American Plus Bank, N.A.||180 - 269 Days CD|
Like many banks, deposit rates have fallen at American Plus Bank, N.A. since September when I last reviewed this bank. However, it continues to offer competitive rates on its mid-term CDs. The three best are the 0.95% APY 6-month CD, 1.16% APY 1-year CD and the 1.36% APY 2-year CD. Minimum deposit is $1,000. These rates are listed at the bank's rates page as of 12/27/2011.
Unlike the CD rates, the bank's savings account rates have remained the same since September. So they're even more competitive. The top rate is 1.10% for a balance of at least $100,000. For balances of $10K to up to $100K, the rate is 0.98%. This savings account has a history of competitive rates. In early 2010, it had a 1.78% APY. 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 two-office bank that was established in 2007. The two branches are located in the Los Angeles metro area cities of Rowland Heights and Arcadia.
The bank's financial health has improved since my September post. Its overall health score has improved from 4 stars to 5 stars (out of 5). Its Texas Ratio is 8.65% (above average) based on September 2011 data. Please refer to our financial overview of American Plus Bank for more details. The bank is a member FDIC (FDIC Certificate # 58469).
How These CD Rates Compare
The best bank 1-year and 2-year CD rates that are nationally available are 1.15% APY and 1.32% APY at CIT Bank. The all-access credit union Alliant Credit Union offers a higher 2-year CD rate of 1.50% APY for a $25K minimum deposit. These rates are accurate as of 12/27/2011.
Searching for the Best CD Rates
To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.