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888 East Walnut Street Pasadena, CA 91101 1.877.741.9378 www.owb.com  |
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OneWest Bank is headquartered in Pasadena and is the 5th largest bank in the state of California. It is also the 53rd largest bank in the nation. It was established in 2009 and as of December of 2012, it had grown to 2,816 employees at 78 locations. OneWest Bank's money market rates are 14% higher than the national average, and it has a 3-star health rating.
Related Posts
OneWest Said To Hold Sale Talks With At Least Two Suitors (Forum) - 3/9/2013
OneWest Bank FSB, the lender formed out of the remains of failed IndyMac Bancorp Inc., has held informal sales talks in recent weeks with at least two potential buyers, said people familiar with the matter. OneWest Said to Hold Sale Talks with at Least T
Inflation Dangerous Banks - Those That Could Refuse CD Early Withdrawals - 11/16/2011
An important concern with long-term CDs is having your money locked into a low-rate CD when interest rates are shooting up. It's unlikely that we will see interest rates shoot up in the near term, but ...
New Bank or Just a Name Change? Aurora, Ally, OneWest & Alostar - 7/20/2011
In the last few years several internet banks have changed their names after their old names were associated with problematic or failed businesses. From a marketing perspective, I'm sure these name cha ...
Review of OneWest Bank CD Rates and Terms - Available Nationwide - 2/3/2011
OneWest Bank continues to offer several competitive CD rates. However, there has been an important change in early withdrawal penalties. First, OneWest just increased its 18-month CD rate to 1.40% APY ...
2010
- 6/14 - Competitive Long-Term CD Rates at OneWest Bank - Available Nationwide
- 2/21 - OneWest bank profit: $1.6 billion [LA Times] (Forum)
- 1/20 - Wisdom of Long-Term CDs in Today's Rate Environment?
- 1/8 - OneWest On Track but Faces Long Haul [TheStreet.com] (Forum)
2009
- 12/17 - OneWest Bank's Competitive 5-Year CD - Benefits and Issues of Long-Term CDs
- 8/22 - 2.15% 10-Month CD and Other Competitive Rates at OneWest Bank - Available Nationwide
- 7/3 - Competitive Rates on CDs, IRAs and Liquid CDs at OneWest Bank - Nationally Available
- 4/7 - 2.65% 12-Month CD at OneWest Bank (IndyMac) - Nationally Available
- 3/20 - FDIC Finally Closes Sale of IndyMac, It's Now OneWest Bank (2.65% 9-Month CD)
See Rates for: Checking | Savings | Money Market | CD | IRA
OneWest Bank Checking Account Rates
OneWest Bank Savings Account Rates
OneWest Bank Money Market Rates
OneWest Bank CD Rates
| Apy | Min | Max | Product | |
| 1.45% | $1k | - | 5 Year Online CD | |
| 1.35% | $1k | - | 5 Year Branch CD | |
| 1.25% | $1k | - | 4 Year Online CD | |
| 1.21% | $1k | - | Business 5 Year CD | |
| 1.10% | $1k | - | 3 Year Online CD | |
| 1.05% | $1k | - | 4 Year Branch CD | |
| 1.01% | $1k | - | Business 4 Year CD | |
| 1.00% | $1k | - | 2 Year Online CD | |
| 0.95% | $1k | - | 1 Year Online CD | |
| 0.95% | $1k | - | 18 Month Online CD | |
| 0.95% | $1k | - | 3 Year Branch CD | |
| 0.95% | $1k | - | 13 Month Online CD | |
| 0.90% | $1k | - | 2 Year Branch CD | |
| 0.86% | $1k | - | Business 3 Year CD | |
| 0.85% | $1k | - | 1 Year Branch CD | |
| 0.85% | $1k | - | 18 Month Branch CD | |
| 0.85% | $1k | - | 13 Month Branch CD | |
| 0.75% | $1k | - | 9 Month Online CD | |
| 0.75% | $1k | - | 9 Month Branch CD | |
| 0.66% | $1k | - | Business 2 Year CD | |
| 0.60% | $1k | - | 6 Month Online CD | |
| 0.60% | $1k | - | 6 Month Branch CD | |
| 0.56% | $1k | - | Business 1 Year CD | |
| 0.56% | $1k | - | Business 14 Month CD | |
| 0.56% | $1k | - | Business 18 Month CD | |
| 0.45% | $1k | - | 3 Month Online CD | |
| 0.45% | $1k | - | 3 Month Branch CD | |
| 0.45% | $1k | - | 4 Month Branch CD | |
| 0.45% | $1k | - | 4 Month Online CD | |
| 0.41% | $1k | - | Business 9 Month CD | |
| 0.36% | $1k | - | Business 6 Month CD | |
| 0.25% | $1k | - | Business 3 Month CD | |
| 0.10% | $1k | - | Business 1 Month CD |
OneWest Bank IRA Rates
| Apy | Min | Max | Product | |
| 1.35% | $1k | - | 5 Year IRA | |
| 1.35% | $1k | - | 5 Year Roth IRA | |
| 1.35% | $1k | - | 5 Year SEP IRA | |
| 1.05% | $1k | - | 4 Year IRA | |
| 1.05% | $1k | - | 4 Year Roth IRA | |
| 1.05% | $1k | - | 4 Year SEP IRA | |
| 0.95% | $1k | - | 3 Year IRA | |
| 0.95% | $1k | - | 3 Year Roth IRA | |
| 0.95% | $1k | - | 3 Year SEP IRA | |
| 0.90% | $1k | - | 2 Year IRA | |
| 0.90% | $1k | - | 2 Year Roth IRA | |
| 0.90% | $1k | - | 2 Year SEP IRA | |
| 0.85% | $1k | - | 1 Year IRA | |
| 0.85% | $1k | - | 18 Month IRA | |
| 0.85% | $1k | - | 13 Month IRA | |
| 0.85% | $1k | - | 1 Year Roth IRA | |
| 0.85% | $1k | - | 13 Month Roth IRA | |
| 0.85% | $1k | - | 18 Month Roth IRA | |
| 0.85% | $1k | - | 1 Year SEP IRA | |
| 0.85% | $1k | - | 13 Month SEP IRA | |
| 0.85% | $1k | - | 18 Month SEP IRA | |
| 0.75% | $1k | - | 9 Month IRA | |
| 0.75% | $1k | - | 9 Month Roth IRA | |
| 0.75% | $1k | - | 9 Month SEP IRA | |
| 0.60% | $1k | - | 6 Month IRA | |
| 0.60% | $1k | - | 6 Month Roth IRA | |
| 0.60% | $1k | - | 6 Month SEP IRA | |
| 0.45% | $1k | - | 3 Month IRA | |
| 0.45% | $1k | - | 4 Month IRA | |
| 0.45% | $1k | - | 3 Month Roth IRA | |
| 0.45% | $1k | - | 4 Month Roth IRA | |
| 0.45% | $1k | - | 3 Month SEP IRA | |
| 0.45% | $1k | - | 4 Month SEP IRA |
Rates updated: 5/24/2013
Data for Q4 2012
Institution Statistics
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Institution Health
Overall Score:
3 out of 5 
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ONE WEST BANK IRA FEES BEWARE
- asurow - Tuesday, January 10, 2012 - 3:22 PMYour paltry earnings probably will probably be less than the annual fee and closing fee when you try to get your money back. Leaving? Gotcha! Net earning from this safe investment could be a loss.
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Obscene IRA Charges
- Depositor1 - Monday, July 9, 2012 - 11:03 PMFirst, they charge $30.00 a Year "maintenance" Fee on an IRA CD.
Then they charge $25.oo to give you your money back when the IRA CD matures
and on top of that they charge an additional $13.11 "Premature Distribution Charge" on a ""Matured ""$5000.00 IRA CD if
you are under 65 years of age when you roll the """Matured""" Funds over to another institution.
I wonder if this "Premature Distribution Charge" is legal?
My Rating: Minus 5 Stars
N E V E R A G A I N !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
7
The Most Evil, Unethical And Barbaric Banking Operations!
- Anew - Thursday, July 26, 2012 - 10:36 PMI opened an account with OneWest Bank in 2010 and have been experiencing nothing positive but destructive and retaliatory conduct from the bank after I reported the unethical, barbaric and bullying conduct to the bank's management. The bank condoned the bully Franchesca Gangalang who coerced all of her staff to harass me more.
1. The bank documents spelled my name wrong and the branch manager Moises Ortega refused to be accountable for his errors including making phony promises that he never delivered.
2. The bank overpaid the merchant's charges thru my debit card without my authorization. When I disputed it, the bank refused to refund the overpaid amount and refused to produce any evidence of my signature to support the overpayment; the bank has stolen money from my account to pay the merchant without my consent.
3. Then the bank maliciously closed my account for retaliation after I reported the bank's outrageous and unethical banking operations to the Comptroller of the Currency.
Today, after the bank willfully closed my account, the bank has not returned the remaining balance of my account for over 40 days. The bank's president Joseph Otting is careless. The bank has victimized me with its fraud, deceit, bad faith, unlawful and unethical banking operations. All the other victims should join hands to report OneWest Bank to the Comptroller of the Currency and to the District Attorney to prosecute such a racist and evil bank.
5
Fees, Fees, And More Fees!!
- KnucklesMangano - Wednesday, February 22, 2012 - 4:40 PMSo, I ordered this prepaid debit card to have a "back-up" just in case I needed it. Directly after activating my card the little electronic voice informs me that I'm negative -$4.95. I immediately press "0" and the woman informs me that I should have read the Fees Agreement more thoroughly. I say "I just received the card. I did nothing more than activate it." "There's a $4.95 Activation Fee.", so after I hang up, I read all the fees that accompany the card, and WOW!! this is stupid. This card is laden with nonsensical fees. $5 Activation, $5 Monthly Charge, $2.50 for Non-OneWest ATM's, $5.95 for Paper Statement, 1 Free Customer Service Call per month ($2 thereafter)...and the list goes on. My advice, stay far away from this card. Any card that starts you off in the negative, before you've even used it, is strictly idiotic.
5
Spam Phone Calls
- Spamthisonepls - Wednesday, June 27, 2012 - 7:27 PMI keep getting phone calls from these idiots for an account I don't have nor have I ever had. Then these jerks bring in their hired thugs, Indymac to spam me too. Five days in a row I tell moron after moron that the person they are trying to contact has not had this COMPANY PHONE nor worked for this company for 8 months. And then they have the gall to say that I don't need to take 'that tone of voice' with them. On the plus side I have my own personal morons to rant at. Lemons======>lemonade!
4
No Bank Statements
- Catherin67 - Monday, April 30, 2012 - 2:25 PMMy peeve with this bank is I am suppose to be getting my monthly checking statement on-line. However, OneWest bank seems to have a problem with getting them to me. I wonder how many other people find this to be a problem? I complained again last month and one of their people sent me an email, of which I received and in return I stated, "I received your email, why can't I get my checking statements?" Of course I did not receive a response. When the bank was First Federal, I always received my statements on time.
I have a meager IRA CD of which I was paying First Federal $15.00 per year for whatever it is they do.. But, OneWest charges $30.00. This is a rip off!
When they issued me my new ATM card with the OneWest bank logo on it, it didn't work. I had to go back 4 times. This was embarrassing when your card is rejected at the super market or whereever.!!!!
This bank is in deep trouble by the way they service their customers.
Don't bank with this bank!~!!!!!!!
4
I HATE ONE WEST BANK!!!
- HATESONEWEST - Monday, April 9, 2012 - 5:47 PMI HATE ONE WEST BANK!
THIS IS THE WORST BANK!! BEWARE, PROBLEM AFTER PROBLEM AFTER PROBLEM!!! EXCUSE ME FOR BEING HUMAN AND NOT READING DISCLAIMERS THEY SEND AND AFTER YEARS OF AN ACCOUNT, SERVICE CHARGES BEING CHARGED MONTHLY THAT ALL I HAD TO DO IS CHANGE FROM MONEY MARKET SAVINGS TO REGULAR SAVINGS TO AVOID 10.00 EVERY MONTH. THE FACT THEY DONT CARE ABOUT KEEPING A CUSTOMER HAPPY AND SATISFIED AND STAYING A CUSTOMER OVER 40.00 THAT WOULD HAVE KEPT A CUSTOMER REALLY BLOWS MY MIND!!
TURNS OUT AFTER 9 YEARS HERE, THESE PAST 7 MONTHS JUST COST ME MORE WITH THEIR CRAZY FEES THAN ALL THE INTEREST I'VE EARNED. WOW, WHAT A JOKE, GUESS SOMEONE UP THERE NEEDS TO KEEP THEIRSELVES CUSHED WITH NEW TOYS, ALL ON BEHALF OF NORMAL EVERYDAY PEOPLE LIKE ME JUST TRYING TO LIVE DAY TO DAY!!
I HATE THIS BANK AND WISH I WOULD HAVE CLOSED ALL MY ACCOUNTS WITH THEM YEARS AGO WHEN PROBLEMS FIRST AROSE.
4
One West Bank - Don't Trust Them For Mortgages
- OWBSucks - Monday, November 5, 2012 - 7:31 PMO NOT WASTE YOUR TIME APPLYING FOR A REAL ESTATE LOAN FROM ONE WEST BANK - THEIR SYSTEM IS BROKEN.
The branch personnel cannot represent or work with the central underwriting department. Don't believe anything they tell you.
They approved us, then went back on their own written statements - saying "here's a rule we never told you about, that you haven't even broken (related to timing), but you have to start all over again HA HA HA).
This bank was scandal-plagued IndyMac until some private equity guys bought it for a song in 2009. Nothing wrong with that, I guess .... but know that it is fundamentally broken, it can't make or keep commitments, and you should not believe anything the dis-empowered local branch employees tell you.
Mortgages are basically a commodity: DON'T WASTE YOUR TIME!
1
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One Wells Bank
The worst bank to work and bank at. One of their top executives was terminated by Wells Fargo for unethical practices and now she's running the bank...scary. Now they have been sanctioned by the regulators for unsafe practices in their loan servicing. OneWest continues to sponsor the Lakers after Kobe Bryant's racial slur. They should change their name to One Wells Bank.