Loading
Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Commercial Bank of California Review

Your Details Done
by Updated
Commercial Bank of California Savings
0.20% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Established in 2003, Commercial Bank of California has assets totaling $869 million and deposits totaling $668 million, ranking it as a medium-size bank. Commercial Bank of California, whose headquarters are in Irvine, California, lacks premium access to support representatives, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. With a score of 3.5 out of 5 stars, Commercial Bank of California should be more closely analyzed to see if its services match your needs. Commercial Bank of California provides customers with a varied choice of product offerings, including savings accounts, checking accounts, money market accounts and CDs. Commercial Bank of California has a fair savings rate compared to the average savings account. Obtaining a checking account with no monthly fee as well as a savings account with a high interest rate at the same bank is the best option for gaining the most income on your deposits while having easy access to your money.

How We Rated It

SmartAsset's Overall Rating

3.5/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.2
SmartAsset Average: 3.5

Commercial Bank of California features a savings rate of 0.20%, which is fair in comparison to the average U.S. bank. Its one-year CD earns at a rate of 0.38%, while its highest-yielding money market account has a rate of 0.25%. Given Commercial Bank of California's below average savings rate, you should consider choosing another bank to earn more on your deposits.

How Commercial Bank of California's Savings Rates Compare

Commercial Bank of California Savings 0.20 National Average 0.26 Compare Offers
Back to Overview

Fees

NR
SmartAsset Average: 4.4

There is insufficient data on Commercial Bank of California'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
Back to Overview

Service Quality

2.5
SmartAsset Average: 3.7

Commercial Bank of California is a brick-and-mortar bank, with seven total branches in California. With a mobile app, Commercial Bank of California provides straightforward mobile banking, even from home or work. Commercial Bank of California gets an excellent consumer satisfaction score due to relatively few consumer 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

4.8
SmartAsset Average: 4.8

Commercial Bank of California is currently a medium-size bank with assets totaling $869 million and deposits totaling $668 million. It has an excellent Texas Ratio of 4.59%, indicating that Commercial Bank of California is in terrific financial shape and far from failure. Additionally, Commercial Bank of California is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

4.59%
High Risk 75% 50% 20% 10% Low Risk

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 Commercial Bank of California to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.2% APY $500
Checking Account 0.1% APY $2500
Certificates of Deposit
  • 12 Month: 0.38% APY
  • 24 Month: 0.65% APY
  • 36 Month: 0.95% APY
$5000 for all terms
Money Market Account 0.25% APY $10000

Commercial Bank of California has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Commercial Bank of California does not have the best savings rate, which means you should think about looking 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. Commercial Bank of California's CD rates are fair in comparison to the average U.S. bank.

Back to Overview

Find a Commercial Bank of California Near Me

Commercial Bank of California has seven locations across 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