Advertising Disclosure
Useful Resources

2.18% 8-Month CD and 1.98% Savings until November at United Commercial Bank in Several States

Post a Comment
POSTED ON BY

United Commercial Bank has a CD and savings account promotion with some competitive rates. The CD promotion includes a 2.18% APY 8-month CD and a 2.28% APY 12-month CD. Minimum deposit is $5,000, and it requires new money. The promotional savings account is called Advantage 1+1. The APY of 1.98% is guaranteed until 11/01/09. The Advantage 1+1 account requires a checking account, and a combined balance of $10K must be maintained to avoid a $15 monthly fee. Minimum balance to qualify for the 1.98% APY is $25K. The APY is 1.68% for smaller balances. These rates and details are listed at the bank's promotions page as of 7/19/09. The savings account and 8-month CD rates are 10 basis points lower for California.

It appears that a branch visit is required to open these accounts. Branches are located in many California cities including Los Angeles, Sacramento, Oakland and San Jose. Cities outside of California include Seattle, Boston, New York, Atlanta and Houston.

According to the bank's Company Profile Page:
United Commercial Bank, a subsidiary of UCBH Holdings, Inc., is a leading bank in the United States serving Chinese communities and American companies doing business in Greater China.

The bank's ratings for safety and soundness are a little weak: 2 stars (problematic) at BauerFinancial and 1 star (lowest) at Bankrate.com. Both ratings are based on 3/31/09 financial data. The bank has been a FDIC member since 1986 (FDIC Certificate # 32469).

Other High Certificate of Deposit Rates
Related Pages: CD rates, savings account



4.08% 7-Month CD at a Massachusetts Bank (United Commercial)
Comments
POSTED ON SUNDAY, AUGUST 31, 2008 BY KEN TUMIN
United Commercial Bank is advertising a CD promotion which includes a 4.08% APY 7-month CD and a 4.18% APY 11-month CD. The minimum deposit is $10,000, and the maximum is $88,888. This special doesn't seem to be listed at the bank's website. It was advertised in the 8/28/08 MA newspaper. The ad is available online here.

It appears a branch visit may be required to open a new account. The ad lists branches in Boston, Allston and Quincy. Branches are also located in California, Washington, New York, Georgia and Texas. However,...

Continue Reading


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.