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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 $335 million in deposits, classifying it as a medium-size bank. AltaPacific Bank, whose headquarters are in Santa Rosa, California, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. SmartAsset experts rated AltaPacific Bank 4.1 stars out of 5, which means it is a respectable bank that you should consider. AltaPacific Bank provides customers with a varied selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and credit cards. It has a fair savings rate; other popular banks have higher rates. Banks that offer free checking and a high interest rate savings account are your best bet for gaining the highest income on your deposits while maintaining 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

With a savings rate of 0.10%, AltaPacific Bank ranks poorly in comparison to other U.S. banks. Its one-year CD has a rate of 0.45% and the five-year CD earns at a rate of 0.50%, while its highest-yielding money market account earns at an APY of 0.22%. Given AltaPacific Bank's noncompetitive savings rate, you should think about other options to earn more on your deposits.

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 branches in California. With mobile and web apps, AltaPacific Bank makes account access easy, even on the go. AltaPacific Bank's online and mobile banking services get high marks from users. The AltaPacific Bank mobile app is rated at 5.0 out of 5 (with 1 reviews on Apple and Android) compared to the national average of 3.8. AltaPacific Bank's mobile app allows you to manage your bank accounts by checking current statements, transferring money as well as reaching customer service. AltaPacific Bank receives a superb consumer satisfaction rating due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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 assets totaling $416 million and $335 million in deposits. AltaPacific Bank's Texas Ratio is 0.44%, denoting that AltaPacific Bank is in superb financial health and unlikely to fail. 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: 0.45% APY
  • 24 Month: 0.50% APY
  • 36 Month: 0.50% APY
  • 48 Month: 0.50% APY
  • 60 Month: 0.50% 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 in comparison to other U.S. banks.

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Find a AltaPacific Bank Near Me

AltaPacific Bank has six locations in the U.S.

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