Cathay Bank

Overview / Commentary
777 North Broadway Street
Los Angeles, CA 90012

Cathay Bank is headquartered in Los Angeles and is the 11th largest bank in the state of California. It is also the 98th largest bank in the nation. It was established in 1962 and as of September of 2020, it had grown to 1,208 employees at 65 locations. Cathay Bank has an A+ health rating.

Related Posts

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

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
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.


Health Grade Components

FDIC Certificate #18503
Year Established1962
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD9.11%
Annual Interest Income$533.4MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$19.00B$17.97B
LoansQ3 2020vs Q3 2019$15.42B$14.71B
DepositsQ3 2020vs Q3 2019$16.07B$14.69B
Equity CapitalQ3 2020vs Q3 2019$2.45B$2.35B
Loan Loss AllowanceQ3 2020vs Q3 2019$179.1MM$125.9MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$80.0MM$47.9MM
Real Estate OwnedQ3 2020vs Q3 2019$4.9MM$8.4MM
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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

0.10%*$50k*-Student Savings
OTHER TIERS: 0.05% Up to $50k
0.10%*$50k*-Statement Savings
OTHER TIERS: 0.05% Up to $50k
0.10%*$50k*-Passbook Savings
OTHER TIERS: 0.05% Up to $50k

Cathay Bank Money Market Rates

0.40%*$1m*-Smart Money Market
OTHER TIERS: 0.05% Up to $50k | 0.10% $50k - $100k | 0.15% $100k - $300k | 0.25% $300k - $500k | 0.30% $500k - $1m
0.40%*$1m*-Optima Money Market
OTHER TIERS: 0.05% Up to $100k | 0.15% $100k - $300k | 0.25% $300k - $500k | 0.30% $500k - $1m

Cathay Bank Checking Account Rates

0.10%*$25k*-Cathay ValuePlus
OTHER TIERS: 0.05% $2k - $25k

Cathay Bank CD Rates

0.40%*$50k*$100k2 Year - 35 Month CD
OTHER TIERS: 0.35% $2.5k - $50k
0.40%*$50k*$100k3 Year - 5 Year CD
OTHER TIERS: 0.35% $2.5k - $50k
0.40%*$50k*$100kBusiness 2 Year - 35 Month CD
OTHER TIERS: 0.35% $2.5k - $50k
0.40%*$50k*$100kBusiness 3 Year - 5 Year CD
OTHER TIERS: 0.35% $2.5k - $50k
0.35%*$50k*$100k1 Year - 23 Month CD
OTHER TIERS: 0.30% $2.5k - $50k
0.35%*$50k*$100kBusiness 1 Year - 23 Month CD
OTHER TIERS: 0.30% $2.5k - $50k
0.30%*$50k*$100k3 Month CD
OTHER TIERS: 0.25% $2.5k - $50k
0.30%*$50k*$100k6 Month CD
OTHER TIERS: 0.25% $2.5k - $50k
0.30%*$50k*$100kBusiness 3 Month CD
OTHER TIERS: 0.25% $2.5k - $50k
0.30%*$50k*$100kBusiness 6 Month CD
OTHER TIERS: 0.25% $2.5k - $50k
0.20%*$50k*$100k7 - 31 Day CD
OTHER TIERS: 0.10% $2.5k - $50k
0.20%$2.5k$100k1 Month CD
0.20%*$50k*$100kBusiness 7 - 31 Day CD
OTHER TIERS: 0.10% $2.5k - $50k
0.20%$2.5k$100kBusiness 1 Month CD


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