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
0.40% 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 along with $384 million in deposits, making the institution a medium-size bank. American Plus Bank, whose headquarters are in Arcadia, California, 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 apps. With a score of 3.5 out of 5 stars, American Plus Bank should be more closely inspected to see if its services match your needs. American Plus Bank has a complete array of banking products, 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 account maintains a monthly fee of $10.00, making it a rather costly bank for checking. Finding a checking account with no monthly fee as well as a savings account with a high APY at the same institution is your best bet for returning the most income from your deposits while maintaining 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 0.40%, American Plus Bank ranks poorly in comparison to the average U.S. bank. Its one-year CD has a rate of 1.51% and the five-year CD has a rate of 2.02%, while its highest-yielding money market account earns at a rate of 0.80%. Given American Plus Bank's noncompetitive savings rate, you should consider opting for higher earning savings accounts with other banks.

How American Plus Bank's Savings Rates Compare

American Plus Bank Savings 0.40 National Average 0.26 Compare Offers
Back to Overview


SmartAsset Average: 4.4

American Plus Bank charges its customers high fees compared to the average U.S. bank. Its checking account has a monthly fee of $10.00, rating it fair for anyone looking for a hassle-free account. American Plus Bank doesn't reimburse out-of-network ATM charges, meaning you'll be required to locate an American Plus Bank ATM or pay the withdrawal fee.

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. It also offers access to a web app, for an easy online-banking experience. American Plus Bank receives a superb consumer satisfaction score due to comparatively few complaints reported to 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 ranks as a medium-size bank and manages assets totaling $482 million as well as $384 million in deposits. It has an excellent Texas Ratio of 1.91%, denoting that the bank is in outstanding financial health and far from failure. 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 0.4% 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 0.75% APY $10000

American Plus Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you 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 the national average.

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