Asian Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.50%	3-year CD	2.85% - Synchrony Bank 36 Month CD
1.28%	Money Market	1.90% - American Express National Bank High Yield Savings Account
2.50%	18-month CD	2.75% - Synchrony Bank 18 Month CD

View all Asian Bank rates »

Overview / Commentary

www.theasianbank.com

215-592-1188

815-837 Arch Street
Philadelphia, PA 19107

Asian Bank is headquartered in Philadelphia and is the 118^th largest bank in the state of Pennsylvania. It is also the 2,931^st largest bank in the nation. It was established in 1999 and as of June of 2018, 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.

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.

Comment

1

Experience With Asian Bank

Posted by: mathboyx215 | Mar 24, 2016

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.

Comment

1

Health

A

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	34759
Year Established	1999
Employees	34
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.99%
Return on Equity - YTD	11.87%
Annual Interest Income	$4.3MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$197.6MM$171.3MM
Loans	Q2 2018vs Q2 2017	$156.9MM$134.0MM
Deposits	Q2 2018vs Q2 2017	$153.3MM$131.5MM
Equity Capital	Q2 2018vs Q2 2017	$16.5MM$15.0MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$2.1MM$1.7MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$652.00K$1.6MM
Real Estate Owned	Q2 2018vs Q2 2017	$0$180.00K

Rates

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Money Market
Checking
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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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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
2.88%	$1k	-	4 Month CD Special
2.50%	$10k	-	15 Month CD Special
2.50%	$1k	-	30 Month CD Special
2.28%	$10k	-	18 Month No Penalty CD Special
2.02%	$1k	-	60 Month CD
2.02%	$1k	-	Business 60 Month CD
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	-	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

APY	MIN	MAX	ACCOUNT NAME
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

Locations

Asian Bank Locations
Asian Bank	815-837 Arch Street	Philadelphia, PA 19107
Castor Avenue Branch	6509 Castor Avenue	Philadelphia, PA 19149

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