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American Plus Bank Review

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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 assets totaling $482 million and deposits totaling $384 million, ranking it as 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 access to service representatives at a physical location, in addition to its online and mobile offerings. Overall, American Plus Bank is a bank with better alternatives, with a rating of 3.5 stars out of 5 from the SmartAsset team. 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 compared to the average savings account. The bank's standard checking account carries a $10.00 monthly fee, which places it at the higher end of monthly fees. Finding a checking account with no monthly fee, in addition to a savings account with a high interest rate at the same bank is your best bet for gaining the most 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

American Plus Bank has a savings rate of 0.50%, which is fair as compared against the national average. 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 poor savings rate, you should think about choosing another bank to earn more on your deposits.

How American Plus Bank's Savings Rates Compare

American Plus Bank Savings 0.50 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

American Plus Bank charges its customers high fees compared to the national average. American Plus Bank's checking account has a monthly fee of $10.00, ranking it fair for anyone looking for a simple account. American Plus Bank unfortunately doesn't refund out-of-network ATM fees, meaning you'll need to find an American Plus Bank ATM or accept 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
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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 based on comparatively few consumer 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
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Financial Health

SmartAsset Average: 4.8

American Plus Bank ranks as a medium-size bank with $482 million in assets as well as $384 million in deposits. American Plus Bank has an excellent Texas Ratio of 1.91%, indicating a negligible chance of 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.

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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 to give you many options to manage your money. American Plus Bank does not have the best savings rate, which means you should consider 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. American Plus Bank's CD rates are fair as compared against the national average.

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Find a American Plus Bank Near Me

American Plus Bank has three physical locations across the U.S.

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