Featured Savings Rates
Featured Accounts

Asian Bank

Popular Accounts at this Bank

0.80%1-year CD10 Months CD Special
1.68%3-year CD30 Months CD Special
1.36%18-month CD18 Months CD Special

Overview / Commentary
815-837 Arch Street
Philadelphia, PA 19107

Asian Bank is headquartered in Philadelphia and is the 131st largest bank in the state of Pennsylvania. It is also the 3,411th largest bank in the nation. It was established in 1999 and as of September of 2016, it had grown to 27 employees at 1 location. Asian Bank's money market rates are 36% higher than the national average, and it has a B+ health rating.

Related Posts

Asian Bank 30-Month CD, 1.68% APY - 6/4/2016

available to residents of certain counties in Pennsylvania, Delaware, New Jersey & New York ; $1000 minimum. See Bankaholic article dated 6/3/16 Asian Bank’s Four-State CD Deal Includes NYC & Philly

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Reviews (2)

Good bank for the average joe!

Posted by: mathboee | Dec 14, 2016

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.


Health Grade Components

FDIC Certificate #34759
Year Established1999
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD9.11%
Annual Interest Income$4.7MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$161.8MM$129.9MM
LoansQ3 2016vs Q3 2015$118.8MM$93.8MM
DepositsQ3 2016vs Q3 2015$126.6MM$100.5MM
Equity CapitalQ3 2016vs Q3 2015$12.8MM$10.3MM
Loan Loss AllowanceQ3 2016vs Q3 2015$1.6MM$1.4MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$1.4MM$842.00K
Real Estate OwnedQ3 2016vs Q3 2015$254.00K$254.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Asian Bank Savings Account Rates

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

0.60%*$50k*-Money Market Account
OTHER TIERS: 0.10% $1k - $10k | 0.50% $10k - $50k
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

0.05%$500-Premier Checking Account
0.05%$500-Business NOW

Asian Bank CD Rates

1.68%$1k-60 Months CD
1.68%$1k-Business 60 Months CD
1.68%$1k-Business 30 Months CD Special
1.68%$1k-30 Months CD Special
1.38%$1k-48 Months CD
1.38%$1k-Business 48 Months CD
1.36%$1k-18 Months CD Special
1.28%$1k-36 Months CD
1.28%$1k-Business 36 Months CD
1.28%$1k-Business 18 Months CD Special
1.28%--18 Months No Penalty CD
1.08%$1k-24 Months CD
1.08%$1k-Business 24 Months CD
0.80%$1k-10 Months CD Special
0.80%$1k-Business 10 Months CD Special
0.50%$1k-12 Months CD
0.50%$1k-Business 12 Months CD
0.30%$1k-5 Months CD
0.30%$1k-6 Months CD
0.30%$1k-Business 5 Months CD
0.30%$1k-Business 6 Months CD

Asian Bank IRA Rates

1.68%$1k-60 Months IRA
1.38%$1k-48 Month IRA
1.28%$1k-36 Months IRA
1.08%$1k-24 Months IRA
0.50%$1k-12 Months IRA

Asian Bank Locations
Asian Bank815-837 Arch StreetPhiladelphia, PA 19107