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Industrial and Commercial Bank of China USA, National Association

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Industrial and Commercial Bank of China USA, National Association Locations

Deposit Rates - May 21, 2022

SAVINGS RATES APY MIN
Savings
0.10% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.18% $10,000 Compare
6 Mo CD
0.28% $100,000 Compare
12 Mo CD
0.30% $10,000 Compare
12 Mo CD
0.40% $100,000 Compare
18 Mo CD
0.40% $10,000 Compare
18 Mo CD
0.50% $100,000 Compare
24 Mo CD
0.50% $10,000 Compare
24 Mo CD
0.60% $100,000 Compare
36 Mo CD
0.60% $10,000 Compare
36 Mo CD
0.70% $100,000 Compare
48 Mo CD
0.00% $10,000 Compare
48 Mo CD
0.00% $100,000 Compare
60 Mo CD
0.00% $10,000 Compare
60 Mo CD
0.00% $100,000 Compare
MM RATES APY MIN
Money Market
0.05% $2,500 Compare
Money Market
0.10% $10,000 Compare
Money Market
0.15% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.10% $1
Int Ckg
0.10% $2,500

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 24387
Date Established 1983
Assets $ 2.99 billion
Loans $ 2.60 billion
Deposits $ 2.33 billion
Capital $ 406.90 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 278.62 million
Interest-bearing balances $ 273.59 million
Total securities $ 9.22 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.60 billion
Loan loss allowance $ 31.59 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 47.72 million
     Total Assets $ 2.58 billion

LIABILITIES
Total deposits $ 2.33 billion
      Interest-bearing deposits $ 1,854.64 million
      Deposits held in domestic offices $ 2.33 billion
      % insured (estimated) 71.33%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 130.00 million
Subordinated debt N.A.
All other liabilities $ 128.28 millionn
      Total Liabilities $ 2.58 billion
      Shareholders’ Equity $ 406.90 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 95.84 million
Total Interest Expense $ 17.18 million
Net interest income $ 78.67 million
Provision for loan and lease losses $ 2.00 million
Total non interest income $ 7.45 million
Total non interest expense $ 62.39 million
Pre-tax Net Operating Income $ 21.73 million

Industrial and Commercial Bank of China USA, National Association is an FDIC insured institution headquartered at 1185 Avenue Of The Americas, New York, NY 10036.
It was founded in 1983 and has approximately $3 billion in assets. Customers can open an account at one of its 13 branches.

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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Industrial and Commercial Bank of China USA, National Association
    Bank
    NEW YORK
    $50,000
    6 Month
    0.18%
    0.67x (National Avg. - 0.27%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.18%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 90 63
    2 50,090 90 63
    3 50,180 90 63
    4 50,270 90 63
    5 50,361 91 63
    6 50,452 91 64
    7 50,542 91 64
    8 50,633 91 64
    9 50,725 91 64
    10 50,816 91 64
    11 50,907 92 64
    12 50,999 92 64
    13 51,091 92 64
    14 51,183 92 64
    15 51,275 92 65
    16 51,367 92 65
    17 51,460 93 65
    18 51,552 93 65
    19 51,645 93 65
    20 51,738 93 65
    TOTAL $1,831 $1,282
  • 2
    ONLINE CD
    Citizens Access , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    1.30%
    3.23x (National Avg. - 0.40%)
    $5,000
    -
    SCENARIO
    Year Rate
    1.30%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 650 455
    2 50,650 658 461
    3 51,308 667 467
    4 51,975 676 473
    5 52,651 684 479
    6 53,336 693 485
    7 54,029 702 492
    8 54,731 712 498
    9 55,443 721 505
    10 56,164 730 511
    11 56,894 740 518
    12 57,633 749 524
    13 58,383 759 531
    14 59,142 769 538
    15 59,910 779 545
    16 60,689 789 552
    17 61,478 799 559
    18 62,277 810 567
    19 63,087 820 574
    20 63,907 831 582
    TOTAL $14,738 $10,317


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