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HomeStreet Bank (West Coast) Has New Promo Money Market

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Availability: Market area includes California, Hawaii, Idaho, Oregon, and Washington.

Seattle-based HomeStreet Bank (HomeStreet) added a new Promotional Money Market Account (1.00% APY) earlier this week, with the promotional APY guaranteed through December 31, 2016. On January 2, 2017, the APY will convert to the current rate. (The current non-promotional rate is 0.45% APY, which has been in effect since September 2013.)

The minimum opening deposit is $1k of new money. As stated on HomeStreet Bank’s Rate Sheet,

Funds to open the account must be new money (not on deposit
in any HomeStreet Bank account within the past ninety days).

Availability

Headquartered in Seattle, HomeStreet Bank’s market area covers Washington, Idaho, Oregon, California, and Hawaii, with any resident of those states able to open an account.

Opening a Promotional Money Market Account (or any other HomeStreet account) can be done online or in person at any of 45 branches located in southern California (8), Hawaii (3), Oregon (2), and Washington (32).

Note: The new San Diego (CA) branch just opened within the past week, but is not yet included in the DA Locations map.

Bank Overview

HomeStreet Bank, (FDIC Charter # 32489) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 5.44% (excellent), based on December 31, 2015 data. In the past year, HomeStreet Bank has increased its total deposits by $788.3 Million, an excellent annual growth rate of 32.08%. Please refer to our financial overview of HomeStreet Bank for more details.

Founded in 1921 as Continental Mortgage and Loan Company, today’s HomeStreet Bank is one of the largest community banks headquartered in Washington State. Originally offering financing for commercial real estate and home mortgages, HomeStreet changed to a full-service bank in 1986. In the past three years, HomeStreet has acquired four banks (Fortune Bank and Yakima National Bank in Washington, and Simplicity Bank and Orange County Business Bank in California) to solidify its position as a major player on the West Coast with assets in excess of $4.8 Billion.

How the Promotional Money Market Compares

Given the wide market area covering the Pacific Northwest and California, a comparison with nationally available products is appropriate. When compared to the 120 nationally available Money Market Accounts tracked by DepositAccounts.com, HomeStreet Bank’s Promotional Money Market Account currently ranks in the top seven. The following is a sample of those seven accounts.

The above rates are accurate as of 4/7/2016.

To look for the best nationwide Money Market rates and the best Money Market rates in your state, please refer to our Money Market Rates Table or our new Rates Map page.

Related Pages: HomeStreet Bank, Honolulu, Los Angeles, San Francisco Bay, Yakima, Seattle, Portland, San Diego, Spokane

Comments
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4 Comments.
Anonymous
  |     |   Comment #1
For whatever it might be worth, I have done business with this bank.  I found it to be a good bank.
Reply
6
Anonymous
  |     |   Comment #2
First western has the longest banking hours in Minot and typically close at 7 pm. The issue with this bank is that they post payments at 8 pm. In the event your business has significant cash flow you could be overdrawn at the 8 pm posting and no availability to deposit. Perhaps the bank should be open till 9 or post at a reasonable time such as 3 like every bank. They receive $25 for every overdrawn check. This is robbery much like the daily thefts that surround Minot.
Reply
2
Anonymous
  |     |   Comment #3
I thought the liberals in the northwest outlawed evil capitalist banks......Don't they just send all their wages to the collective???
Reply
3
Anonymous
  |     |   Comment #4
Did that feel good?  What a dumb, meaningless remark, - of the kind one comes to expect here.
Reply
4
HomeStreet Bank (WA) Offers Three Checking Account Bonuses
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POSTED ON FRIDAY, JULY 3, 2015 BY KEN TUMIN
Availability: Market area includes California, Hawaii, Oregon, and Washington

HomeStreet Bank (HomeStreet) continues to offer a $100 gift card bonus when opening a new Seattle Seahawks Checking account or a $90 cash bonus when opening a Seattle Sounders Checking account. Both bonuses are available everywhere in the HomeStreet’s market area.

A third promotion, a $100 bonus when opening a Bank On Checking account, is only available to Washington residents.

$100 Gift Card Bonus Requirements

  • Use the promotional code "Seahawks" when opening a new checking account.
  • Complete a direct deposit of at least...

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Update on HomeStreet Bank, Its Financial Health and Checking Promotion
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POSTED ON THURSDAY, FEBRUARY 21, 2013 BY KEN TUMIN

As I was reviewing old promotions looking for those that may still be available, I came across HomeStreet Bank which is still offering a checking account bonus of up to $300. It's also still offering a $50 refer-a-friend bonus. I last reviewed this promotion two years ago. The promotion details continue to be the same, and the bank still has a free checking account that qualifies for the promotion.

One thing that has changed in the last two years is the financial health of the bank. Two years ago it had...

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$300 Checking Account Bonus at HomeStreet Bank in WA, OR & HI - Local Only
Comments (4)
POSTED ON THURSDAY, JANUARY 13, 2011 BY KEN TUMIN

HomeStreet Bank is again offering a checking account promotion and it has gotten better since I reviewed it last year. The bonus amounts have gone up. Details are listed in the bank's promotion page as of 1/13/2011. I don't see any expiration date, but based on its history, the promo comes and goes. The following activities are required to receive the full $300:

  • $100 for direct deposits of payroll, pension, social security or other income to your account
  • $80 for using your new Visa Check card ($2 per purchase up to $80)
  • $75...
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$215 Checking Account Bonus is Back at HomeStreet Bank in WA, OR & HI - Local Only
Comments (4)
POSTED ON THURSDAY, JANUARY 21, 2010 BY KEN TUMIN

HomeStreet Bank has brought back its $215 checking account promotion that I last reported on in July 2009. The bonuses amounts appear to be the same as before. The largest bonus is for direct deposit, but you can still make $135 without it. Details are listed in the bank's promotion page as of 1/21/2010. I don't see any expiration date, but based on its history, the promo comes and goes. The following activities are required to receive the full $215:

  • $80 for direct deposits of payroll, pension, social security or other...
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$215 Checking Account Bonus at HomeStreet Bank in WA, OR & HI - Local Only
Comments (1)
POSTED ON SUNDAY, OCTOBER 18, 2009 BY KEN TUMIN
Update 10/18/09: This promotion continues to be listed at the bank's website with no expiration date mentioned.

HomeStreet Bank has again extended its $215 checking account promotion that I last reported on in April. They did make some changes. The bonus amounts for the different activities have changed a little. They offer a little more for direct deposit and bill pay, but less for the Visa check card purchases. Details are listed in the bank's promotion page. The offer is scheduled to last through 9/30/09. The following activities are required to...

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