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Amerasia Bank Review

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Amerasia Bank Savings
0.30% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Amerasia Bank was founded in 1988 with headquarters in Flushing, New York. Amerasia Bank owns assets of $586 million as well as $510 million in deposits, ranking it as a medium-size bank. Amerasia Bank lacks premium access to customer service, 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. Coming in at a superb 4.5 out of 5 stars, Amerasia Bank is a superb bank that you should seriously consider. Amerasia Bank offers a varied choice 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. If you're interested in stress-free personal checking, Amerasia Bank's ordinary checking account does not have a monthly fee. Institutions that offer free checking as well as a high interest rate savings account are your best bet for returning the most 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

With a savings rate of 0.30%, Amerasia Bank ranks poorly compared to other U.S. banks. Amerasia Bank's one-year and five-year term lengths CDs earn at a rate of 0.56% and 1.17%, respectively, while its highest-yielding money market account has an APY of 0.51%. Given its poor savings rate, you should consider taking a look at other banks for savings accounts.

How Amerasia Bank's Savings Rates Compare

Amerasia Bank Savings 0.30 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

Amerasia Bank charges its customers extremely low fees compared to the average U.S. bank. With no monthly fee, Amerasia Bank's checking account is perfect for those who need a hassle-free banking experience. Amerasia Bank unfortunately doesn't reimburse out-of-network ATM fees, meaning you'll be required to locate an Amerasia Bank ATM or pay the withdrawal fee.

Monthly Fee $0 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

Amerasia Bank is a brick-and-mortar bank, with six total branches in Florida and New York. With mobile and web apps, Amerasia Bank makes mobile banking straightforward, even on the go. Amerasia Bank gets positive scores from customers for its online presence. With 9 customer reviews on both Apple and Android platforms, the Amerasia Bank mobile app has an overall rating of 5.0 out of 5 (compared to the national average of 3.8). Amerasia Bank's mobile app lets you control your finances by monitoring account balances, sending and receiving funds as well as accessing support representatives. Amerasia Bank receives a superb consumer satisfaction score due to relatively few consumer complaints reported 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

Amerasia Bank ranks as a medium-size bank and handles assets totaling $586 million as well as deposits totaling $510 million. Its Texas Ratio is 0.00%, indicating that Amerasia Bank is in terrific financial health and far from failure. Additionally, Amerasia 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 Amerasia Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.3% APY $200
Checking Account 0.2% APY $1000
Certificates of Deposit
  • 12 Month: 0.56% APY
  • 24 Month: 0.76% APY
  • 60 Month: 1.17% APY
$2500 for all terms
Money Market Account 0.26% APY $1000

Amerasia 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. Amerasia Bank does not have the best savings rate, which means you should think about other options 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. Amerasia Bank's CD rates are fair compared to the average U.S. bank.

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Find a Amerasia Bank Near Me

Amerasia Bank has six physical branches in the U.S.

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