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Commercial Bank of California Review

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

Overview

Commercial Bank of California started in 2003 and its headquarters are located in Irvine, California. It handles $869 million in assets and deposits totaling $668 million, which makes it a medium-size bank. Commercial Bank of California lacks premium access to customer service, 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. Overall, Commercial Bank of California is a decent bank that leaves room for improvement, with a rating of 3.5 out of 5 stars from the SmartAsset experts. Commercial Bank of California offers a complete suite of product offerings, including savings accounts, checking accounts, money market accounts and CDs. It has a fair savings rate; other popular banks have higher rates. 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 alongside easy access to your funds.

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

With a savings rate of 0.20%, Commercial Bank of California ranks poorly in comparison to the average U.S. bank. Commercial Bank of California's one-year CD earns at a rate of 0.44%, while its highest-yielding money market account has an APY of 0.25%. Given its poor savings rate, you should consider other options 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
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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
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Service Quality

2.5
SmartAsset Average: 3.7

Commercial Bank of California is a brick-and-mortar bank, with seven total bank locations in California. With a mobile app, Commercial Bank of California provides straightforward mobile banking, even from home or work. Commercial Bank of California gets a superb consumer satisfaction rating due to comparatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-backed 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

4.8
SmartAsset Average: 4.8

Commercial Bank of California ranks as a medium-size bank with $869 million in assets as well as $668 million in deposits. Commercial Bank of California's Texas Ratio is 4.59%, indicating a low possibility of 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.

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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: 0.44% APY
  • 24 Month: 1.16% APY
  • 36 Month: 1.21% APY
$5000 for all terms
Money Market Account 0.25% APY $10000

Commercial Bank of California offers several deposit products including 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 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. Commercial Bank of California's CD rates are fair compared to the national average.

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Find a Commercial Bank of California Near Me

Commercial Bank of California has seven locations in the U.S.

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