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Passbook Savings

Build your savings with confidence

Watch your money grow with a traditional savings account that helps you keep track of your balance in a passbook. Your passbook is a booklet that serves as a physical record of account transactions and is a great option for first-time savings account holders. 

Earn higher returns

Earns a variable tiered interest rate based on your balance.

Account access by phone

Unlimited 24-hour access to balances via phone.

FDIC insured

Get FDIC protection on your account for up to $250,000 per depositor for each ownership category.

Daily compounding

The interest will compound daily and credit monthly.

Get to know Passbook Savings

  • The minimum opening deposit is $100.
  • To avoid the $3 monthly maintenance charge, maintain a minimum daily balance of $500.
  • Automatic transfer service between deposit accounts or automatic loan payments.
  • Account inquiry only on online and mobile banking.
  • Unlimited teller service.
  • Account statement will be generated at the end of any month when account activity includes an electronic funds transfer (ACH).

Passbook Savings Rates

Balance tier

Minimum opening deposit

Minimum balance to obtain
Annual Percentage Yield

Interest rate*

Annual Percentage Yield*

and over





$50,000 to





Up to





* Variable, tiered rate account, the interest rate and Annual Percentage Yield (APY) may change after account opening without notice, at our discretion. The interest rate and 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. Interest Rates and APYs are current as of 2024-07-20. Fees can reduce the earnings on the account.

Cathay Bank

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Have a question?

Our team is happy to assist you with all your Personal Banking needs. Please reach out for more information.