Cathay Bank

Overview / Commentary
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 92nd largest bank in the nation. It was established in 1962 and as of June of 2019, it had grown to 1,225 employees at 68 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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2.43% 12 Month Chinese New Year CD - 2/10/2019

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Reviews (2)

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.

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
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 - YTD1.63%
Return on Equity - YTD12.06%
Annual Interest Income$380.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$17.58B$16.17B
LoansQ2 2019vs Q2 2018$14.54B$13.27B
DepositsQ2 2019vs Q2 2018$14.39B$13.18B
Equity CapitalQ2 2019vs Q2 2018$2.33B$2.20B
Loan Loss AllowanceQ2 2019vs Q2 2018$122.7MM$121.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$69.2MM$52.7MM
Real Estate OwnedQ2 2019vs Q2 2018$8.4MM$5.2MM
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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

0.20%*-$50kStudent 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

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

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

Cathay Bank CD Rates

1.46%$2.5k$100k3 Year - 60 Month CD
0.90%$2.5k$100k2 Year - 35 Month CD
0.80%$2.5k$100k1 Year - 23 Month CD
0.60%*$50k*$100k180 - 364 Day CD
OTHER TIERS: 0.50% $2.5k - $50k
0.50%*$50k*$100k90 - 179 Day CD
OTHER TIERS: 0.40% $2.5k - $50k
0.35%*$50k*$100k32 - 89 Day CD
OTHER TIERS: 0.30% $2.5k - $50k
0.20%*$50k*$100k7 - 31 Day CD
OTHER TIERS: 0.10% $2.5k - $50k


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