Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
877-741-9378
888 East Walnut Street
Pasadena, CA 91101

OneWest Bank is a California-based bank that provides personal and business depository products and loans. On its personal banking side, OneWest offers checking, savings, and money market accounts, along with CDs and IRA CDs.

Its checking account offerings are limited in availability to Southern California residents and have minimum balance requirements in order to avoid monthly fees. One checking account offers more competitive rates to customers who want to maintain higher account balances. Each checking account option comes with a fee debit card and online banking access. One of OneWest Bank’s savings account offerings comes with a debit card and one does not. Both savings account options feature variable rates and free access to online banking. A money market account is available and comes with limited check writing privileges. Both savings and money market account options offer increasing rates of interest as account balances get higher. CDs are available with term lengths ranging from 3 months to 5 years, and generally offer interest rates above the national average.

OneWest Bank online banking gives users access to up to six months of account history, fund transfer capabilities, Bill Pay, and financial management tools like Quicken.

OneWest Bank was established in 2009 through an acquisition of the assets and liabilities of IndyMac Federal Bank from the FDIC. The bank is headquartered in Pasadena, California, just outside of Los Angeles and serves its customers through multiple branch locations in the Southern California area.

Related Posts



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.

ONE WEST BANK IRA FEES BEWARE

Your 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.

Obscene IRA Charges

First, 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 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

OWB Charges Fee To Simply Close CD Account When It Matures!

OWB the worst scam!!!! They charge a minimum of $7 to simply get your money out of a CD when it matures. Crazy!!!! Avoid Avoid Avoid. I put money in a CD to earn interest, not pay fees!

VIEW MORE REVIEWS

Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
C+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 OneWest Bank had $876.6 million in non-current loans and owned real-estate with $3.25 billion in equity and loan loss allowances on hand to cover it. This gives OneWest Bank a Texas Ratio of 26.99% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for OneWest Bank decreased dramatically from 46.13% as of December 31, 2012 to 26.99% as of December 31, 2013, resulting in a positive change of 41.49%.This indicates that the balance sheet and financial strength for OneWest Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, OneWest Bank has decreased its total deposits by -$619.44 million, resulting in -4.11% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth OneWest Bank has shown is below average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. OneWest Bank has $23.47 billion in assets with $3.25 billion in equity, resulting in a capitalization level of 13.84%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58978
Year Established2009
Employees2153
Primary RegulatorOCC
Assets and Liabilities
Assets$23.47 billion
Loans$13.38 billion
Deposits$14.46 billion
Equity Capital$3.16 billion
Loan Loss Allowance$90.57 million
Unbacked Noncurrent Loans$823.33 million
Real Estate Owned$53.27 million
Historic Data - December 2012
Assets$25.89 billion
Equity Capital$4.07 billion
Loan Loss Allowance$70.87 million
Unbacked Noncurrent Loans$823.33 million
Real Estate Owned$33.49 million
Profit Margin - Quarterly
Net Interest Margin3.39%
Return on Assets1.18%
Return on Equity7.46%
Interest Income$883.63 million
Rates

Always verify rates and promotions with the bank or credit union. We are not OneWest Bank, we are a rate comparison website and can not provide official rates or promotions.

OneWest Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.65%$50k-Green Savings
0.50%$50k-Personal Savings

OneWest Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.65%$100k-Premium Money Market
0.65%$100k-Premium Money Market IRA
0.65%$100k-Premium Money Market SEP IRA
0.65%$100k-Premium Money Market Roth IRA
0.35%$25k-OneBusiness Money Market Savings

OneWest Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.65%$50k-OneAccount
0.25%$25k-Premium Checking
0.20%$50k-OneBusiness Interest Checking
0.20%$50k-OneBusiness IOLTA

OneWest Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$1k-5 Year Branch CD
1.45%$1k-5 Year Online CD
1.25%$1k-4 Year Online CD
1.25%$1k-4 Year Branch CD
1.21%$1k-Business 5 Year CD
1.10%$1k-3 Year Online CD
1.01%$1k-Business 4 Year CD
1.00%$1k-2 Year Online CD
1.00%$1k-3 Year Branch CD
0.90%$1k-1 Year Online CD
0.90%$1k-18 Month Online CD
0.90%$1k-2 Year Branch CD
0.90%$1k-13 Month Online CD
0.86%$1k-Business 3 Year CD
0.80%$1k-18 Month Branch CD
0.80%$1k-13 Month Branch CD
0.75%$1k-1 Year Branch CD
0.66%$1k-Business 2 Year CD
0.65%$1k-9 Month Online CD
0.65%$1k-9 Month Branch CD
0.56%$1k-Business 1 Year CD
0.56%$1k-Business 14 Month CD
0.56%$1k-Business 18 Month CD
0.50%$1k-6 Month Online CD
0.50%$1k-6 Month Branch CD
0.41%$1k-Business 9 Month CD
0.36%$1k-Business 6 Month CD
0.35%$1k-3 Month Online CD
0.35%$1k-3 Month Branch CD
0.35%$1k-4 Month Branch CD
0.35%$1k-4 Month Online CD
0.25%$1k-Business 3 Month CD
0.10%$1k-Business 1 Month CD

OneWest Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$1k-5 Year IRA (Traditional,Roth,SEP)
1.25%$1k-4 Year IRA (Traditional,Roth,SEP)
1.00%$1k-3 Year IRA (Traditional,Roth,SEP)
0.90%$1k-2 Year IRA (Traditional,Roth,SEP)
0.80%$1k-18 Month IRA (Traditional,Roth,SEP)
0.80%$1k-13 Month IRA (Traditional,Roth,SEP)
0.75%$1k-1 Year IRA (Traditional,Roth,SEP)
0.65%$1k-9 Month IRA (Traditional,Roth,SEP)
0.50%$1k-6 Month IRA (Traditional,Roth,SEP)
0.35%$1k-3 Month IRA (Traditional,Roth,SEP)
0.35%$1k-4 Month IRA (Traditional,Roth,SEP)
Locations

OneWest Bank has 76 locations. Click to view all OneWest Bank locations.