Cathay Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
0.80%	1-year CD	2.55% - Goldman Sachs Bank USA High-yield 12 Month CD
0.20%	Savings	1.90% - American Express National Bank High Yield Savings Account
1.46%	3-year CD	1.64% - National Average

View all Cathay Bank rates »

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 10^th largest bank in the state of California. It is also the 96^th largest bank in the nation. It was established in 1962 and as of June of 2018, it had grown to 1,246 employees at 68 locations. Cathay Bank's CD rates are 3X the national average, and it boasts an A+ health rating.

Learn Customer Service Please

Posted by: FLI | Feb 15, 2015

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.

Comment

3

Second Worst Experience In My Life.

Posted by: Bystandar | Aug 1, 2015

(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.

Comment

4

Health

A+

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	18503
Year Established	1962
Employees	1246
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.82%
Return on Equity - YTD	13.37%
Annual Interest Income	$327.6MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$16.17B$14.31B
Loans	Q2 2018vs Q2 2017	$13.27B$11.49B
Deposits	Q2 2018vs Q2 2017	$13.18B$11.50B
Equity Capital	Q2 2018vs Q2 2017	$2.20B$1.95B
Loan Loss Allowance	Q2 2018vs Q2 2017	$121.9MM$115.8MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$52.7MM$64.5MM
Real Estate Owned	Q2 2018vs Q2 2017	$5.2MM$16.2MM

User-submitted Promotions & Notices

Submit a Promo

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 36-Month, 24-Month And 12-Month CD Specials

Jake9 | Aug 27, 2018

36-Month CD, 2.75% APY $100,000, 2.65% APY $10,000
24-Month CD, 2.50% APY $100,000, 2.40% APY $10,000
12-Month CD, 2.25% APY $100,000, 2.15% APY $10,000

Personal or Business CD
$10,000 new money required
As a bonus, you’ll also receive a collectible bracelet with a lucky dog sterling silver charm
Promotion Period from August 20 to October 22, 2018.

https://www.cathaybank.com/promotion-pages/2018-cd-promotion

Comment

1

Rates

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

Cathay Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%^*	-	$50k	Student Savings
OTHER TIERS: 0.10% → $100k+ \| 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$100k^*	-	Cathay ValuePlus
OTHER TIERS: 0.10% → $2k - $25k \| 0.15% → $25k - $100k

Cathay Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.75%^*	$100k^*	-	36 Month CD Promo
OTHER TIERS: 2.65% → $10k - $100k
2.75%^*	$100k^*	-	Business 36 Month CD Promo
OTHER TIERS: 2.65% → $10k - $100k
2.50%^*	$100k^*	-	24 Month CD Promo
OTHER TIERS: 2.40% → $10k - $100k
2.50%^*	$100k^*	-	Business 24 Month CD Promo
OTHER TIERS: 2.40% → $10k - $100k
2.25%^*	$100k^*	-	12 Month CD Promo
OTHER TIERS: 2.15% → $10k - $100k
2.25%^*	$100k^*	-	Business 12 Month CD Promo
OTHER TIERS: 2.15% → $10k - $100k
1.46%	$2.5k	$100k	3 Year - 60 Month CD
0.90%	$2.5k	$100k	2 Year - 35 Month CD
0.80%	$2.5k	$100k	1 Year - 23 Month CD
0.60%^*	$50k^*	$100k	180 - 364 Day CD
OTHER TIERS: 0.50% → $2.5k - $50k
0.50%^*	$50k^*	$100k	90 - 179 Day CD
OTHER TIERS: 0.40% → $2.5k - $50k
0.35%^*	$50k^*	$100k	32 - 89 Day CD
OTHER TIERS: 0.30% → $2.5k - $50k
0.20%^*	$50k^*	$100k	7 - 31 Day CD
OTHER TIERS: 0.10% → $2.5k - $50k

Locations

Availability

Los Angeles Area

Los Angeles Area bank & credit union details

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