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 September of 2019, it had grown to 1,228 employees at 65 locations. Cathay Bank's money market rates are 14% higher than the national average, and it boasts an A+ health rating.
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Learn Customer Service Please
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.
(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.
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 18503 |
| Year Established | 1962 |
| Employees | 1228 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.64% |
| Return on Equity - YTD | 12.28% |
| Annual Interest Income | $578.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $17.97B$16.44B |
| Loans | Q3 2019vs Q3 2018 | $14.71B$13.56B |
| Deposits | Q3 2019vs Q3 2018 | $14.69B$13.64B |
| Equity Capital | Q3 2019vs Q3 2018 | $2.35B$2.25B |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $125.9MM$123.5MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $47.9MM$49.1MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $8.4MM$5.7MM |
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
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
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
Cathay Bank Money Market Rates
Cathay Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%* | $100k* | - | Cathay ValuePlus | ||
| OTHER TIERS: 0.10% → $2k - $25k | 0.15% → $25k - $100k | |||||
