Savings Account with 4.75% APY from First Foundation Bank
Savings Account Features Guide
Interest Rate
APY
4.75%
Minimum deposit amount
$1,000.00
Maximum deposit amount
N/A
Balance Requirements
Minimum Opening Deposit
$1,000.00
Minimum Balance to Avoid Fees
-
Minimum Required Balance
-
Fees
Monthly Maintenance Fee
N/A
Foreign ATM Fees
N/A
Insufficient Funds Fee
$35.00
Incoming Wires
$10.00
Account Opening
Open Online
Yes
Insured by
F.D.I.C.
Statements
Paper Statements
Yes
Online Statements
Yes
Online and Telephone Banking
Online Banking
Yes
Telephone Banking
Yes
Mobile Banking
Yes
Deposit Checks with Mobile Device
Yes
Free Bill Pay
Yes
Online Bill Payments Required
Yes
Account Description
• The minimum balance to open the Online Savings Account is $1,000; new money only.
• Balance tier amounts and APYs associated with the end-of-day balance for the purpose of paying interest on the Online Savings Account are: $0.01 - $5,000,000.00 - APY 0.60%; $5,000,000.01 or more - APY 0.35%.
• Interest rate is variable and subject to change after account opening. If the balance in the account exceeds $5,000,000.00, the APY will be reduced on the entire account balance. The APY will be reduced on the entire account balance if the amount on deposit for all of your individual and joint Online Savings accounts combined exceed $5,000,000.00.
• Fees may reduce earnings.
• There is no monthly fee.
• If the Online Savings account is closed within 90 days of opening, there will be a $20 fee assessed. If it is closed after longer than 90 days, there is no fee.
Rate History
Date
APY
November 13, 2024
4.75%
February 1, 2024
4.90%
November 17, 2023
5.00%
November 17, 2023
5.25%
Customer Reviews for First Foundation Bank (2)
Rated 5.00 stars out of 5 - based on 2 reviews
Jenny Pratt 8-1972
May 8, 2023 |
This is just a wonderful bank to do business with. I have some concerns about all of these smaller California banks so my husband and I just stay below FDIC insurance amounts ($500,000 as a couple). It is still very rewarding.
Jenny Pratt 8-1972
May 8, 2023 |
This is just a wonderful bank to do business with. I have some concerns about all of these smaller California banks so my husband and I just stay below FDIC insurance amounts ($500,000 as a couple). It is still very rewarding.
Nuriel
October 11, 2022 |
Never a problem.