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Cathay Bank


Overview / Commentary
www.cathaybank.com
213-625-4791
777 North Broadway Street
Los Angeles, CA 90012

Cathay Bank is headquartered in Los Angeles and is the 9th largest bank in the state of California. It is also the 90th largest bank in the nation. It was established in 1962 and as of December of 2019, it had grown to 1,219 employees at 65 locations. Cathay Bank's money market rates are 14% higher than the national average, and it boasts an A+ health rating.

Related Posts

Cathay Bank 2020 Lucky Rat Figurine + 1.50% $20K 1 YR CD - 1/18/2020

https://www.cathaybank.com/LNY2020 Cathay Bank has the CNY promo by offering the following: "To receive the gold-plated rat figurine offer, a new personal or business CD account must be opened during the promotion period for a 12-month term with funds not currently on deposit at Cathay Bank. Offer may apply to renewal of an existing CD with a minimum of $20,000 new money added to the CD. New money does not include funds from a Cathay bank account closed within the previous 10 days. Early withdrawals are subject to penalty. Fees could reduce earnings on the account. Refer to additional disclosures received at account opening for complete terms, fees and conditions. One gold-plated rat figurine per qualified account and household. Cannot be combined with any other offers. Not available with online account opening. To receive the Ceramic Rat Money Bank, customers must open a qualifying Checking, Savings, CD or IRA account with new money. Ask a Relationship Banker for details. Value of a

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Reviews (2)

Learn Customer Service Please

Posted by: |

My experience with Cathay Bank is poor, in particular with their branch located at Diamond Bar, California. I'd say they offer zero customer service because the employees don't really care about the customers. Let me give an example: As a Chinese American bank, most of their employees are Chinese Americans, so once I went there to deposit some cash, the clerk that attended me gave me a really bad attitude as I handed her a stack of cash, she told me that: you should organize your money before coming! Well, my money was organize (stacked firmly) but that was not her standard, she wanted every single bill to be categorized by their value , placed on the same side ( face of the bill) and orientation. Because apparently they don't use bill counting machines and is their company policy to organize the bills prior counting them by hand. So the clerk gave me a bad attitude because she doesn't feel like doing her job, so it becomes my responsibility to do her job prior coming to the bank. And let me tell you, that they don't even count right, she had to ask another clerk for help because she counted twice and the numbers came out different! What a joke, bad service and waste of time.

3

Second Worst Experience In My Life.

Posted by: |

(Second Worst Experience in myLlife.)
Cathay Bank
18643 Pioneer Blvd
18643 Pioneer Blvd, Artesia, CA 90701
100% DISCRIMINATION 2 the human race Worst Bank ever
2 cash paid roll checks
You need 2 California ID
Verification of Address
1 debit credit card
Sign your check
Fingerprints
and wait because computer system 2 slow and after all this Bull Shit. There call 2 my company to see if they can change my check., Worst bank in the USA. Worst Worst 100% DISCRIMINATION 2 the human race.

5


Health
A+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #18503
Year Established1962
Employees1219
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.62%
Return on Equity - YTD12.19%
Annual Interest Income$770.0MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$18.07B$16.76B
LoansQ4 2019vs Q4 2018$15.00B$13.90B
DepositsQ4 2019vs Q4 2018$14.73B$13.72B
Equity CapitalQ4 2019vs Q4 2018$2.37B$2.29B
Loan Loss AllowanceQ4 2019vs Q4 2018$123.2MM$122.4MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$46.9MM$45.5MM
Real Estate OwnedQ4 2019vs Q4 2018$7.3MM$9.6MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Cathay Bank 2020 Lucky Rat Figurine + 1.50% $20K 1 YR CD

  |  
https://www.cathaybank.com/LNY2020

Cathay Bank has the CNY promo by offering the following:

"To receive the gold-plated rat figurine offer, a new personal or business CD account must be opened during the promotion period for a 12-month term with funds not currently on deposit at Cathay Bank. Offer may apply to renewal of an existing CD with a minimum of $20,000 new money added to the CD. New money does not include funds from a Cathay bank account closed within the previous 10 days. Early withdrawals are subject to penalty. Fees could reduce earnings on the account. Refer to additional disclosures received at account opening for complete terms, fees and conditions. One gold-plated rat figurine per qualified account and household. Cannot be combined with any other offers. Not available with online account opening.
To receive the Ceramic Rat Money Bank, customers must open a qualifying Checking, Savings, CD or IRA account with new money. Ask a Relationship Banker for details.
Value of any gift received will be considered as reportable income for tax purposes in the first year the account is opened. A 1099-INT statement for the gift amount (including tax) will be issued. Gift images are for illustration only and may not be 100% representation of the actual gift. Gifts available while supplies last."

I called my local branch, and the interest rate is 1.50% for 12 month, but it may vary (I'm wondering what the rigurine is worth(?) on the 1099
4

Rates
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Always verify rates and promotions with the bank or credit union. We are not Cathay Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Cathay Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Student Savings
OTHER TIERS: 0.10% → Up to $50k | 0.15% → $50k - $100k
0.20%*$100k*-Statement Savings
OTHER TIERS: 0.10% → Up to $50k | 0.15% → $50k - $100k
0.20%*$100k*-Passbook Savings
OTHER TIERS: 0.10% → Up to $50k | 0.15% → $50k - $100k

Cathay Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$1m*-Optima Money Market
OTHER TIERS: 0.10% → Up to $10k | 0.20% → $10k - $100k | 0.30% → $100k - $300k | 0.35% → $300k - $500k | 0.40% → $500k - $1m
0.45%*$1m*-Smart Money Market
OTHER TIERS: 0.10% → Up to $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $100k | 0.30% → $100k - $500k | 0.35% → $500k - $1m

Cathay Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Cathay ValuePlus
OTHER TIERS: 0.10% → $2k - $25k | 0.15% → $25k - $100k

Cathay Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$2.5k$100k1 Year - 23 Month CD
0.80%$2.5k$100k2 Year - 35 Month CD
0.80%$2.5k$100k3 Year - 5 Year CD
0.80%$2.5k$100kBusiness 1 Year - 23 Month CD
0.80%$2.5k$100kBusiness 2 Year - 35 Month CD
0.80%$2.5k$100kBusiness 3 Year - 5 Year CD
0.60%*$50k*$100k180 - 364 Day CD
OTHER TIERS: 0.50% → $2.5k - $50k
0.60%*$50k*$100kBusiness 180 - 364 Day CD
OTHER TIERS: 0.50% → $2.5k - $50k
0.50%*$50k*$100k90 - 179 Day CD
OTHER TIERS: 0.40% → $2.5k - $50k
0.50%*$50k*$100kBusiness 90 - 179 Day CD
OTHER TIERS: 0.40% → $2.5k - $50k
0.35%*$50k*$100k32 - 89 Day CD
OTHER TIERS: 0.30% → $2.5k - $50k
0.35%*$50k*$100kBusiness 32 - 89 Day CD
OTHER TIERS: 0.30% → $2.5k - $50k
0.20%*$50k*$100k7 - 31 Day CD
OTHER TIERS: 0.10% → $2.5k - $50k
0.20%*$50k*$100kBusiness 7 - 31 Day CD
OTHER TIERS: 0.10% → $2.5k - $50k
Locations

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.