American Savings Bank started in 1987 with headquarters in Honolulu, Hawaii. American Savings Bank manages $7 billion in assets and $6 billion in deposits, which makes it a large bank. American Savings Bank lacks premium access to customer service, 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 the bank 4.1 stars out of 5, suggesting American Savings Bank is a good bank that deserves your consideration. American Savings Bank provides customers with the complete selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products and credit cards. American Savings Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, the bank's most basic checking account does not have a monthly charge. Institutions that offer no-fee checking, in addition to a high savings APY are your best bet for accruing the highest income on your deposits while maintaining convenient access to your funds.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
American Savings Bank features a savings rate of 0.02%, which is poor compared to the national average. Its CD rates are 0.20% and 0.60% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at a rate of 0.04%. Given its poor savings rate, you should consider other options to earn more on your deposits.
How American Savings Bank's Savings Rates Compare
On average, American Savings Bank charges customers extremely low fees compared to other U.S. banks. With no monthly fee, American Savings Bank is perfect for those who want a basic banking experience. American Savings Bank does not reimburse out-of-network ATM charges, meaning you'll have to find an American Savings Bank ATM or pay the fee.
American Savings Bank is a brick-and-mortar bank, with 49 total branches in Hawaii. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not have all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday, 8:00 a.m. to 7:00 p.m. HT; Saturday to Sunday, and 9:00 a.m. to 3:00 p.m. HT. American Savings Bank's online and mobile banking services get moderate feedback from customers. With 880 customer reviews across both Apple and Android platforms, the American Savings Bank mobile app has an overall rating of 3.5 out of 5 (compared to the national average of 3.8). American Savings Bank's mobile app allows you to control your bank accounts by looking at monthly statements, transferring funds as well as reaching support representatives. American Savings Bank gets a superb consumer satisfaction score based on relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.
American Savings Bank ranks as a large bank and owns $7 billion in assets and deposits totaling $6 billion. American Savings Bank has an excellent Texas Ratio of 3.60%, indicating that American Savings Bank is in excellent financial condition and far from failure. Additionally, American Savings 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 Savings Bank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||0.02% APY||$100|
|Checking Account||0.01% APY||$1|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.04% APY 0.04% APY||$10000 $15000|
American Savings Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. American Savings 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 Savings Bank's CD rates are fair in comparison to the average U.S. bank.Back to Overview
Find a American Savings Bank Near Me
American Savings Bank has 49 locations in the U.S.Back to Overview