Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

American Plus Bank Review

Your Details Done
by Updated
American Plus Bank Savings
0.50% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Started in 2007, American Plus Bank has $482 million in assets as well as deposits totaling $384 million, which makes the institution a medium-size bank. American Plus Bank, whose headquarters are in Arcadia, California, lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 3.5 stars out of 5, American Plus Bank should be more closely inspected to see if its services match your needs. American Plus Bank provides customers with a complete array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking product carries a $10.00 monthly fee, although banks sometimes have requirements that allow you to waive the fee. Finding a bank with no-fee checking and a high interest rate savings account is the best option for accruing the highest income on your deposits while having convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

American Plus Bank features a savings rate of 0.50%, which is poor compared to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 1.51% and 2.02%, respectively, while its highest-yielding money market account has a rate of 0.85%. Given American Plus Bank's below average savings rate, you should think about opting for higher earning savings accounts with other banks.

How American Plus Bank's Savings Rates Compare

American Plus Bank Savings 0.50 National Average 0.26 Compare Offers
Back to Overview


SmartAsset Average: 4.4

American Plus Bank charges customers high fees compared to the national average. At $10.00/month, American Plus Bank's checking account is not ideal for people who want an easy checking account. American Plus Bank unfortunately doesn't reimburse out-of-network ATM fees, which means you'll need to find an American Plus Bank ATM or pay the ATM charge.

Monthly Fee $10.00 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

SmartAsset Average: 3.7

American Plus Bank is a brick-and-mortar bank, with three total branches in California. With a mobile app, American Plus Bank provides convenient mobile banking, even from home or work. American Plus Bank receives an excellent consumer satisfaction score due to comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

SmartAsset Average: 4.8

American Plus Bank is currently a medium-size bank with assets totaling $482 million and deposits totaling $384 million. Its Texas Ratio is 1.91%, signifying that the bank is in excellent financial condition and improbable to fail. Additionally, American Plus Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Back to Overview

Compare American Plus Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.5% APY $1000
Checking Account 0.2% APY $1500
Certificates of Deposit
  • 12 Month: 1.51% APY
  • 24 Month: 1.76% APY
  • 36 Month: 1.76% APY
  • 48 Month: 1.76% APY
  • 60 Month: 2.02% APY
$10000 for all terms
Money Market Account 0.8% APY $10000

American Plus Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. American Plus Bank does not have the best savings rate, which means you should consider taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. American Plus Bank's CD rates are fair in comparison to other U.S. banks.

Back to Overview

Find a American Plus Bank Near Me

American Plus Bank has three locations in the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure