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AltaPacific Bank Review

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AltaPacific Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Established in 2006, AltaPacific Bank has assets totaling $416 million along with deposits totaling $335 million, ranking the institution as a medium-size bank. AltaPacific Bank, whose headquarters are in Santa Rosa, California, lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. At a SmartAsset rating of 4.1 out of 5 stars, AltaPacific Bank should be solidly in contention for your choice of bank. AltaPacific Bank has a mixture of banking products, including savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. AltaPacific Bank has a fair savings rate; other popular banks have higher rates. Institutions that offer no-fee checking as well as a high savings APY are your best option for accruing the most income on your deposits while having convenient access to your money.

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

AltaPacific Bank has a savings rate of 0.10%, which is fair compared to the national average. AltaPacific Bank's one-year CD has a rate of 0.15% and the five-year CD has a rate of 0.20%, while its highest-yielding money market account earns at a rate of 0.22%. Given its poor savings rate, you should consider taking a look at other banks for savings accounts.

How AltaPacific Bank's Savings Rates Compare

AltaPacific Bank Savings 0.10 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

There is insufficient data on AltaPacific Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

SmartAsset Average: 3.7

AltaPacific Bank is a brick-and-mortar bank, with six total bank locations in California. With mobile and web apps, AltaPacific Bank makes mobile banking convenient, even on the go. AltaPacific Bank's online and mobile banking platforms get great scores from customers. The AltaPacific Bank mobile app is rated at 5.0 out of 5 (out of 1 customer reviews on Apple and Android) compared to the national average of 3.8. AltaPacific Bank's mobile app allows you to manage your finances by reviewing current statements, sending and receiving money as well as accessing customer service. AltaPacific Bank receives a superb consumer satisfaction rating based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

Overall Mobile Rating 5.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

AltaPacific Bank is currently a medium-size bank with $416 million in assets as well as $335 million in deposits. Its Texas Ratio is 0.44%, signifying that AltaPacific Bank is in outstanding financial well-being and far from failure. Additionally, AltaPacific 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.

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Compare AltaPacific Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $1
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 0.15% APY
  • 24 Month: 0.20% APY
  • 36 Month: 0.20% APY
  • 48 Month: 0.20% APY
  • 60 Month: 0.20% APY
$10000 for all terms
Money Market Account 0.17% APY $10000

AltaPacific Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. AltaPacific Bank does not have the best savings rate, which means you should think about 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. AltaPacific Bank's CD rates are fair as compared against the national average.

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Find a AltaPacific Bank Near Me

AltaPacific Bank has six branches across the U.S.

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