Pacific Alliance Bank Offers "Super Savings" Promotional Rate


Availability: Market area is Southern California.

Now through September 30, 2016, Pacific Alliance Bank is offering a promotional rate on its Super Savings account (1.28% APY). The minimum deposit is $25k, with no stated balance cap. This very competitive rate is guaranteed for two years following account opening.

If the Super Savings account balance falls below $25k, the rate falls to the in-effect Savings account rate (currently 0.75% APY), and a $15 monthly service fee will be charged. If the Super Savings account is closed within 90 days of opening, a $20 closing fee will be assessed.

I’d like to thank the California-based DA reader who let me know about this deal, which was recently advertised in the Chinese newspaper, World Journal.


Headquartered the San Gabriel Valley city of Rosemead, Pacific Alliance Bank’s product line is available to all residents of Southern California, although, according to CSR, an in-person visit is required to open an account.

Opening a Super Savings account (or any other Pacific Alliance Bank account) must be done in person at either of the two California branches, located in Rosemead and Rowland Heights.

Pacific Alliance Bank’s online banking platform is currently dedicated to account management and bill payment services.

Bank Overview

Pacific Alliance Bank (FDIC Certificate # 58234) has an overall health grade of "A+" at, with a Texas ratio of 0.58% (excellent) based on March 31, 2016 data. In the past year, Pacific Alliance Bank has increased its total deposits by $19.72 million, an excellent annual growth rate of 11.06%. Please refer to our financial overview of Pacific Alliance Bank for more details.

Pacific Alliance Bank will be celebrating its 10th anniversary in a few months. The demographics in Rosemead, California, changed significantly during the 1990s, as Chinese and Vietnamese immigrants began opening businesses and establishing homes in the area. As the once small town Rosemead became more urban, a group of business entrepreneurs, bankers, and professionals residing in the area realized the need for a full-service, community bank, and Pacific Alliance Bank had its start. In nearly ten years, the Bank has grown to become California’s 150th largest bank, with assets in excess of $247 million.

How the Super Savings Account Compares

When compared to the 240 Personal Savings Accounts tracked by that are available to Southern California residents, Pacific Alliance Bank's Super Savings APY clearly tops the list, regardless of minimum deposit. The 2-year rate guarantee only adds to the account’s appeal and intrinsic value.

The above rates are accurate as of 8/6/2016.

To look for the best Savings Account rates, both nationwide and state specific, please refer to our Savings Account rates table or our Rates Map page.

ocsteve   |     |   Comment #1
I called their Rowland Heights, CA branch office (May Chung-Ops. Manager) and found out additional information on their Super Savings promotion:  This promotion DOES require an in-branch visit.
(1.) Living Trust vestings are allowed, with a Certification of Trust form to be completed, and copies of key Trust pages (first couple of pages with Trust Name, Trustee name(s), Subsequent Trustee name(s), signature page of Trustees and of Notarized attorney signature).
(2.) Since this is a Savings Account, may want to consider opening an additional small checking account for on-line transfer from Savings to checking to take funds out of account.  Reg. D maximum of 6 debit transaction allowed in Savings account per monthly statement cycle.
(3.) Statements are generated monthly on end-of-month date
(4.) Maximum account balance allowed per bank policy/procedures is $1 million
(5.) Rate (1.28% APY) is guaranteed for a two year period from the opening of account date
(6.) Minimum opening and continuing balance required $25,000, with account remaining open for at least 90 days, to avoid an account early closing fee.

Promotion is scheduled to end on 9/30/2016, but may terminate early based upon deposit flows.
Remember this is a relatively small bank, with about $250 million of assets.
Sperry8   |     |   Comment #2
If you place $25k initially in this account to gain access to the 1.28% APY and then 6 months later add additional monies, does it too get the higher guaranteed rate (1.28%) which was guaranteed for 2 years (so the new money would get this rate for 18 mos)?
ocsteve   |     |   Comment #3
Yes, you are correct.
Special 2-Year CD Rate at Pacific Alliance Bank in Southern California - Local Only

Pacific Alliance Bank is offering a special 2-year CD with a 1.68% APY. Minimum deposit is $5,000. This special is listed on the bank's front page as of 3/29/2011. According to the bank's time deposit page, the early withdrawal penalty is 3 months of interest on the amount withdrawn.

It appears that a branch visit is required to open an account. Pacific Alliance Bank office is located in Rosemead, California.

The bank has an overall health score at of 5 stars (out of 5) with a Texas Ratio of 1.36% (excellent)...

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