American Plus Bank, National Association, is a federally chartered full service commercial bank founded in 2007.  American Plus Bank is an independent, community bank headquartered in Arcadia, California.  The bank provides financial products to the individual and business communities in San Gabriel Valley and surrounding areas in Los Angeles County.

American Plus Bank provides a variety of services and savings products to meet personal banking and savings needs.  The bank time certificates of deposit can be opened with a $1,000 minimum opening balance.  Bank CD terms run from 7 days to 3 years in length.

American Plus Bank current CD rates and terms:

7 – 30 day CD earns a rate of 1.51% APY
31 – 89 day CD has an interest rate of 1.76% APY
90 – 119 day CD yields a rate of 2.02% APY
120 – 149 day CD also earns a rate of 2.02% APY
150 – 179 day CD has a rate at 2.02% APY
180 – 269 day CD rate is 2.32% APY
270 – 364 day CD rate is also at 2.32% APY
1 year CD to 23 month CD rate is 2.53% APY
2 year CD to 36 month CD earns an interest rate of 2.78% APY

American Plus Bank money market account offers a great yield on balances as low as $2,500.  This is a tiered money market account with a $100 minimum opening balance.  There is a $2,500 minimum average balance threshold on the money market account to avoid monthly service charges.  The money market account is limited to six pre-authorized automatic or telephone transfers, but no more than three of the six transfers may be made by check or draft to third parties.  There is a $10 charge for each transaction above the limitation.

American Plus Bank money market account rates and balances:

Balances of $0.01to $2,499.99 yields an interest rate of 0.75% APY.  $2,500.00 to $9,999.99 balances in the money market account earns an interest rate of 1.51% APY.  Money market account balances of $10,000 to $24,999.99 has an interest rate of 1.76% APY.  And balances in excess of $25,000 has a rate of 1.92% APY.

The American Plus Bank savings account is also providing an exceptional yield for low daily balances.  The personal savings account has a rate of 0.50% APY based on balances of $0.01 to $999.99.  For balances over $1,000.00, the savings account earns an interest rate of 2.50% APY.

This savings account requires a $100 minimum opening balance with a $300 minimum average balance to avoid monthly service charges.  The savings account limits withdrawal activity to six or less.

Bank rates are subject to change.  Rates effective as of March 24, 2009.  For present bank rates, savings rates, money market account rates and CD rates contact a bank representative at 626-821-9188.  The American Plus Bank web address is at www.bankaplus.com, the site posts up to date bank rate data as well as more detailed account information.

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