Featured Savings Rates
Featured Accounts

Asian Bank

Popular Accounts at this Bank

1.90%18-month CD18 Month CD Special
1.25%1-year CD10 Month CD Special
2.02%3-year CD30 Month CD Special

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

Asian Bank is headquartered in Philadelphia and is the 120th largest bank in the state of Pennsylvania. It is also the 3,094th largest bank in the nation. It was established in 1999 and as of December of 2017, it had grown to 34 employees at 2 locations. Asian Bank's money market rates are 3X the national average, and it has an A health rating.

Related Posts

Asian Bank (PA/NJ/NYC/DE) Promotes 18-Month CD Special - 10/12/2017

Asian Bank has added an 18-month CD Special (1.75% APY). Minimum deposit is $1k. Market area is SE Pennsylvania, south New Jersey, New York City, and northern Delaware.

No Penalty 18-Month CD Available At Asian Bank (PA) - 4/20/2017

Philadelphia based Asian Bank has a No Penalty 18-month CD (1.28% APY). Minimum deposit is $1k of new money. Available in southeast PA, south NJ, NYC, and Delaware.

No Penalty 18 Month CD At Asian Bank, 1.28% APY - 3/27/2017

Only one branch in Philly, but their CDs can be opened by mail and are available to residents of certain counties in Pennsylvania, Delaware, New Jersey and New York. See http://www.theasianbank.com/personal-open.html No Penalty 18 Month CD 1.28% APY New money only $1,000 minimum $250,000 maximum You will not be charged a penalty for early withdrawal You can withdraw your full balance and interest any time after the first 6 days following the date you funded the account. http://www.theasianbank.com/pdf/AsianBank_CDPoster.pdf

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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 - YTD0.8%
Return on Equity - YTD9.4%
Annual Interest Income$7.7MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$186.4MM$170.4MM
LoansQ4 2017vs Q4 2016$143.7MM$122.7MM
DepositsQ4 2017vs Q4 2016$141.8MM$133.1MM
Equity CapitalQ4 2017vs Q4 2016$15.6MM$14.2MM
Loan Loss AllowanceQ4 2017vs Q4 2016$2.0MM$1.6MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$947.00K$1.4MM
Real Estate OwnedQ4 2017vs Q4 2016$211.00K$180.00K
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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

0.80%*$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

1.28%*$50k*$100kMoney 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

0.35%$500-Business NOW
0.05%$500-Premier Checking Account

Asian Bank CD Rates

2.02%$10k-15 Month CD Special
2.02%$1k-60 Month CD
2.02%$1k-Business 60 Month CD
2.02%$1k-30 Month CD Special
1.90%$1k-18 Month CD Special
1.90%$1k-Business 30 Month CD Special
1.75%$1k-Business 18 Month CD Special
1.50%$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
1.25%$1k-10 Month CD Special
1.25%$1k-Business 10 Month 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

2.02%$1k-60 Month 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 Bank815-837 Arch StreetPhiladelphia, PA 19107
Castor Avenue Branch6509 Castor AvenuePhiladelphia, PA 19149