American Banco of Asia?

[pinkeggs]

I have been using ING for my savings for the past few years and I am not happy about the Capital One merger. I am looking to set up camp elsewhere.

My first choice was TIAA, but they are not accepting new accounts. I have seen a little about the American Banco of Asia and the interest rate looks good. Does anyone have any experience with them? TIA

[Deleted]

I have never heard of it, but from googling it looks like a scam to me.

[ejpint]

The name alone sounds like it was created especially for spam.

I agree with v - a little Google research pulls up some suspect info.

[Deleted]

Any "bank" that offers you double digit interest on a savings account is scamming you.

[Deleted]

the name is really really bad..lol

[changedname]

That name alone smells of scam! Run don't walk...
That interest rate is ridiculous.

[Muddled]

Check out Discover.

[cahabalily]

what about Ally? They have a special for new customers who open a CD right now, you can pull the money out any time after a few days and the interest rate is just over 1%, I think.

[roman]

I have positive experience... I am last year find ABOFA reviews here:
www.thebestsavingsaccount.com/financialadvisor/bank-reviews/american-banco-of-asia-abofa-bank-reviews/

I have savings account there.. sorry guys, nothing wrong there :-)

They trade with scrap metals (more profitable than gold in fact)

[pamela]

Nov 12, 2012 20:43:09 GMT -5 roman said:

I have positive experience... I am last year find ABOFA reviews here:
www.thebestsavingsaccount.com/financialadvisor/bank-reviews/american-banco-of-asia-abofa-bank-reviews/

I have savings account there.. sorry guys, nothing wrong there :-)

They trade with scrap metals (more profitable than gold in fact)

Yeah, really going to take the word of someone who shows up with 2 posts to defend a scammy sounding bank. Uh-huh.

[EmilieMadison]

Nov 12, 2012 20:43:09 GMT -5 roman said:

I have positive experience... I am last year find ABOFA reviews here:
www.thebestsavingsaccount.com/financialadvisor/bank-reviews/american-banco-of-asia-abofa-bank-reviews/

I have savings account there.. sorry guys, nothing wrong there :-)

They trade with scrap metals (more profitable than gold in fact)

Says the poster who joined today and made this their first post. Uh huh.
::whispers:: someone's got a google alert on ABofA.

[thedutchgirl]

I don't see any evidence that they are FDIC insured. That would be a big issue for me.