Southern California Northern California Illinois Massachusetts New Jersey New York Texas Washington Nevada 中 文 | English | Español Home About Us Investor Relations Contact Us Branch Locator Personal AccountsChecking AccountsSavings AccountsCDsIRA CDDebit CardsLoansMortgage LoanHome Equity FinancingAuto LoanCredit CardsCathay Online BankingMobile Banking Business / Commercial Business AccountsBusiness Checking AccountBusiness Savings AccountCDsCash Management ServicesMerchant Deposit CaptureZero Balance AccountLockbox ServiceMerchant Bankcard ServicesCourier Deposit ServiceArmored Transport ServicesCash Vault ServicesBusiness Online BankingLoansCommercial FinancingReal Estate & Construction FinancingInternational Banking & FinancingSmart Capital LineSBA Guaranteed Loan ProgramCredit CardsCathay Business ConnectBANK@WORK Program Foreign Exchange Foreign Exchange ServiceForeign Exchange Market Update Investments Cathay Wealth ManagementAnnuitiesMutual FundsInvestment IRAsOnline Trading/Account Access Online Banking Personal Banking Business Banking Log In Log In View Demo Register Learn More View Demo Register Learn More Home > Personal > Accounts > Savings Accounts Savings Accounts Unlimited 24-hour access to the Cathay Service Hotline 1-800-9CATHAY (1-800-922-8429) to obtain your loan, personal savings and/or checking account information Automatic transfer service to transfer funds1 between your deposit accounts at Cathay Bank. Limitations apply. Automatic loan payment service to automatically deduct your loan payment from your deposit account Savings Account Comparison Student Savings 1,2,5 Passbook Savings 1,2,3,5 Statement Savings 1,3 Smart Money Market 1,3,4 Optima Money Market 1,3,4 Recommended if you are looking for ... The perfect account for children developing good savings habits. To have a basic savings program and to keep track of your finances in a passbook. To have a basic savings program and receive statements. To earn higher interest rates with higher balance tiers. To earn competitive interest rates with higher balance tiers. Minimum Opening Deposit $10 $100 $100 $5,000 $100,000 Interest Variable rate3 Compounds daily Credits monthly Variable rate3 Compounds daily Credits monthly Variable rate3 Compounds daily Credits monthly Variable tiered rate3,4 Compounds monthly Credits monthly Variable tiered rate3,4 Compounds monthly Credits monthly Term N/A N/A N/A N/A N/A Minimum Daily Balance to Avoid Monthly Maintenance Fee None $500 $500 $5,000 $100,000 Monthly Maintenance Fee if Requirements not met None $3 $3 $10 $50 Statement See5 below See5 below Monthly Monthly Monthly Online Banking Not available Available at no additional cost Available at no additional cost Available at no additional cost Available at no additional cost Other Features and Benefits Unlimited teller service 24/7 online account access Unlimited teller service 24/7 online account access Unlimited teller service Surcharge-Free withdrawals at Cathay Bank and other designated ATMs 24/7 online account access Unlimited teller service Surcharge-Free withdrawals at Cathay Bank and other designated ATMs 24/7 online account access Unlimited teller service Surcharge-Free withdrawals at Cathay Bank and other designated ATMs 1 An excessive transaction fee of $10.00 will be charged for each item in excess of the federally regulated limitations (no more than 6 transfers per month). Withdrawals made in person are unlimited. 2 No ATM or Debit Card service allowed. 3 Fees can reduce the earnings on the account. The interest rate and Annual Percentage Yield (APY) may change after account opening without notice, at our discretion. 4 The interest rate and Annual Percentage Yield (APY) paid depends on the balance tier into which the account's end-of-day balance falls.The interest rate that corresponds to the balance tier is paid on the full collected balance in the account at the end of day. 5 An account statement will be generated at the end of each month when account activity includes an electronic funds transfer (ACH or ATM activity). Related links Savings Plan Rates Mortgage Payment Problem? We may be able to help you Know More 1-800-9CATHAY (1-800-922-8429) Customer service: 6:00 a.m. - 6:00 p.m. Pacific Time, Monday through Friday. Automated information is available 24hours a day, 7 days a week.