CTBC Bank Corp. (USA) Review

Overview

Established in 1965, CTBC Bank Corp. (USA) has $5.20 billion in assets along with deposits totaling $4.49 billion, ranking it as a large bank. CTBC Bank Corp. (USA), whose headquarters are in Los Angeles, California, lacks premium access to support representatives, with no live chat or all-day service options available. 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. SmartAsset has rated CTBC Bank Corp. (USA) 3.4 out of 5 stars, suggesting it is a fair bank that does not stack up to some of the other banks. CTBC Bank Corp. (USA) offers an array banking products, which include savings accounts, checking accounts, money market accounts and mortgage products. It has a fair savings rate; other popular banks have higher rates. Finding a bank with no-fee checking and a high savings APY is your best bet for gaining the most income from your deposits while having easy access to your money.

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

CTBC Bank Corp. (USA) has a savings rate of 1.80%, which is fair in comparison to the average U.S. bank. Its one-year and two-year term lengths CDs earn at a rate of 0.40% and 0.50%, respectively, while its highest-yielding money market account has an APY of 0.15%. Given CTBC Bank Corp. (USA)'s below average savings rate, you should think about choosing another bank to earn more on your deposits.

How CTBC Bank Corp. (USA)'s Savings Rates Compare

There is insufficient data on CTBC Bank Corp. (USA)'s fees to provide a full SmartAsset rating.

CTBC Bank Corp. (USA) is a brick-and-mortar bank, with 20 total bank locations in California, New Jersey and New York. It also offers access to mobile and web apps for an easy mobile-banking experience. It does not have all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday and 9:00 a.m. to 4:00 p.m. PT. You can use CTBC Bank Corp. (USA)'s mobile app to control your accounts by checking current statements, transferring money and reaching support representatives. CTBC Bank Corp. (USA) receives a superb consumer satisfaction rating due to relatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

CTBC Bank Corp. (USA) ranks as a large bank with assets totaling $5.20 billion as well as deposits totaling $4.49 billion. CTBC Bank Corp. (USA)'s Texas Ratio is 5.01%, suggesting that CTBC Bank Corp. (USA) is in outstanding financial health and far from failure. Additionally, CTBC Bank Corp. (USA) 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.

Products Offered

CTBC Bank Corp. (USA) offers several deposit products like savings accounts, checking accounts and money market accounts to give you many options to manage your money. CTBC Bank Corp. (USA) does not have the best savings rate, which means you should think about 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. CTBC Bank Corp. (USA)'s CD rates are fair as compared against the national average.

Find a CTBC Bank Corp. (USA) Near Me

CTBC Bank Corp. (USA) has 20 physical locations across the U.S.