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  2. OneWest Bank N.A. (Pasadena, CA)

OneWest Bank N.A. (Pasadena, CA)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.40%5-year CD5 Year Branch CD
1.85% - Synchrony Bank 60 Month CDAdvertisement
0.65%SavingsGreen Savings
1.00% - Ally Bank Online Savings AccountAdvertisement
1.30%4-year CD4 Year Branch CD
1.40% - Ally Bank Raise Your Rate 4-Year CDAdvertisement
View all OneWest Bank N.A. (Pasadena, CA) rates »

Overview / Commentary
www.onewestbank.com
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

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6/14/10 - Competitive Long-Term CD Rates at OneWest Bank - Available Nationwide
2/21/10 - OneWest bank profit: $1.6 billion [LA Times]
1/20/10 - Wisdom of Long-Term CDs in Today's Rate Environment?
1/8/10 - OneWest On Track but Faces Long Haul [TheStreet.com]
12/17/09 - OneWest Bank's Competitive 5-Year CD - Benefits and Issues of Long-Term CDs
8/22/09 - 2.15% 10-Month CD and Other Competitive Rates at OneWest Bank - Available Nationwide
7/3/09 - Competitive Rates on CDs, IRAs and Liquid CDs at OneWest Bank - Nationally Available
4/7/09 - 2.65% 12-Month CD at OneWest Bank (IndyMac) - Nationally Available
3/20/09 - FDIC Finally Closes Sale of IndyMac, It's Now OneWest Bank (2.65% 9-Month CD)
8/30/08 - 4.30% 9-Month CD with Rate Bump Feature at FirstFedDirect - Nationally Available
8/13/08 - Fewer Uninsured Deposits at IndyMac and the Future Sale of IndyMac
8/5/08 - IndyMac Federal Bank Raises CD Rates
7/28/08 - More News on IndyMac and Its Current CDs
7/14/08 - High CD Rates Are Not Over at Indymac
7/11/08 - Major Rate Changes at Indymac Bank
7/9/08 - Indymac Bank's High CD Rates and Questionable Future
7/8/08 - Indymac Bank Raises 12-month CD Yield to 4.45%
7/7/08 - Indymac Responds to Regulators' Actions - Impact to Depositors?
7/4/08 - New Rates Again at Indymac Bank - 4.40% 13-Month CD
6/30/08 - Indymac Bank's CD Rate Increase and Latest News
6/25/08 - Indymac Bank Raises CD Rates - 4.00% 6-Month, 4.25% 12-Month
6/23/08 - 2.32% Reward Checking Account at First Federal Bank of California
6/5/08 - Update on Indymac Bank CDs, Savings Account and Latest Financial Health News
4/15/08 - 4.15% 6-Month CD at Indymac Bank, Opening/Closing Indymac CDs and Indymac's Financial Health
3/26/08 - Indymac Bank's High Yield E-Money Market Account
3/14/08 - Indymac Bank CDs - Big Rate Changes and Best Way to Close a CD
2/21/08 - Indymac Bank CD Rate Update - 4.45% 4-Month CD, 4.00% 10-Month CD
1/21/08 - 5.15% 7-Month CD at Indymac Bank
1/7/08 - 5.50% 4-Month Internet CD Special at Indymac Bank
12/17/07 - Indymac Bank Raises 4-Month CD Yield to 5.40%
10/15/07 - Rate Changes at Indymac Bank - Money Market Rates Down, 3-Month CD Now 5.65%
9/20/07 - 5.75% 4-Month CD Special Returns at Indymac Bank
9/19/07 - Indymac Bank Continues to Offer 5.70% 6-Month CD
8/29/07 - 5.75% 4-Month Indymac Bank Internet CD Special
8/12/07 - 5.75% Money Market Account for $25K+ Tier at Indymac Bank
9/19/06 - 5.50% 3-Month CD at IndymacBank
8/23/06 - FirstFedDirect Savings Account Now 5.25%
8/5/06 - 5.70% 12-Month CD with Bump-Up at IndyMac Bank
7/18/06 - FirstFedDirect Savings Account Now 5.17%
7/6/06 - 5.15% Savings, 5.60% 7-Month CD at Indymac Bank
5/24/06 - 5.25% Money Market Account in Southern California
4/25/06 - 5.20% 7-Month CD at IndyMac Bank
4/5/06 - 5% Money Market Account in Southern California
12/27/05 - FirstFedDirect's Savings Account Now 4.25%
12/16/05 - FirstFedDirect, a New Internet Bank

Reviews (18)

Never Had A Problem With Key Bank

Posted by: plowking | Dec 16, 2013

They paid every month on my 2- 5.26% CDs for 7 years.Even ACH`d interest to my other bank ,never a problem,I wishI signed up for the 10 year cd. No problem at maturity closed it all down by phone.

3

Holding Funds

Posted by: Bryan Woolman | Dec 3, 2015

OneWEst recently held funds for 21 days on a check deposited from the Auto Club of Souther CA. Three phone calls did not get the hold released or a satisfactory explanation. The original notice was by mail that arrived 5 days after the hold. The only conclusion I can arrive at is that the bank is in trouble and using customer funds to float.

1

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

Posted by: Mike Weiner | Dec 6, 2013

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!

12

OWB Customer Service Is Incompetent

Posted by: garym | Feb 16, 2015

I closed out one of my OWB accounts. Even after I spoke to three different customer service reps and left three emails to customer service, I got three $10 monthly maintenance fee charges. After the first call, the rep reversed the first monthly maintenance charge to zero out the account; but he didn't properly close out the account so two more months of improper maintenance fees were charged and OWB sent out two dunning letters threatening to send the matter to collection. The last time I emailed to complain, OWB reversed the improper $20 charges and said the account was closed; however, in checking another account I had at OWB, OWB charged their supposed write-off to my other account. I'm no deadbeat. I have over $250,000 deposited at OWB; but probably not for longer.

6
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Health
A+

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
FDIC Certificate #58978
Year Established2009
Employees3734
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD-0.04%
Return on Equity - YTD-0.35%
Annual Interest Income$890.0MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$43.41B$21.65B
LoansQ2 2016vs Q2 2015$29.37B$14.34B
DepositsQ2 2016vs Q2 2015$32.93B$14.89B
Equity CapitalQ2 2016vs Q2 2015$5.42B$2.83B
Loan Loss AllowanceQ2 2016vs Q2 2015$379.7MM$130.7MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$547.0MM$497.2MM
Real Estate OwnedQ2 2016vs Q2 2015$3.4MM$40.9MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

OneWest Bank N.A. (Pasadena, CA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%*$50k*-Green Savings
OTHER TIERS: 0.40% → Up to $50k
0.50%*$50k*-Personal Savings
OTHER TIERS: 0.15% → Up to $10k | 0.30% → $10k - $50k

OneWest Bank N.A. (Pasadena, CA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-Premium Money Market
OTHER TIERS: 0.30% → Up to $10k | 0.50% → $10k - $100k
0.30%*$25k*-OneBusiness Money Market Savings
OTHER TIERS: 0.05% → $1k - $10k | 0.15% → $10k - $25k

OneWest Bank N.A. (Pasadena, CA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$50k*-OneAccount
OTHER TIERS: 0.10% → $100 - $50k
0.25%*$25k*-Premium Checking
OTHER TIERS: 0.10% → $100 - $25k
0.20%*$50k*-OneBusiness Interest Checking
OTHER TIERS: 0.05% → $100 - $10k | 0.10% → $10k - $50k
0.20%*$50k*-OneBusiness IOLTA
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $50k

OneWest Bank N.A. (Pasadena, CA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$1k-5 Year Online CD
1.40%$1k-5 Year Branch CD
1.30%$1k-4 Year Online CD
1.30%$1k-4 Year Branch CD
1.30%$1k-Business 5 Year CD
1.20%$1k-3 Year Online CD
1.20%$1k-3 Year Branch CD
1.20%$1k-Business 4 Year CD
1.10%$1k-2 Year Online CD
1.10%$1k-2 Year Branch CD
1.10%$1k-Business 3 Year CD
1.05%$1k-Business 2 Year CD
1.00%$1k-18 Month Branch CD
0.95%$1k-Business 18 Month CD
0.91%$1k-Business 1 Year CD
0.85%$1k-18 Month Online CD
0.85%$1k-13 Month Branch CD
0.85%$1k-13 Month Online CD
0.75%$1k-1 Year Online CD
0.65%$1k-1 Year Branch CD
0.61%$1k-Business 9 Month CD
0.60%$1k-9 Month Online CD
0.60%$1k-9 Month Branch CD
0.56%$1k-Business 14 Month CD
0.55%$1k-6 Month Online CD
0.55%$1k-6 Month Branch CD
0.55%$1k-Business 6 Month CD
0.30%$1k-3 Month Online CD
0.30%$1k-3 Month Branch CD
0.25%$1k-Business 3 Month CD

OneWest Bank N.A. (Pasadena, CA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$1k-5 Year IRA
1.30%$1k-4 Year IRA
1.20%$1k-3 Year IRA
1.10%$1k-2 Year IRA
1.00%$1k-18 Month IRA
0.85%$1k-13 Month IRA
0.65%$1k-1 Year IRA
0.60%$1k-9 Month IRA
0.55%$1k-6 Month IRA
0.30%$1k-3 Month IRA
Locations

OneWest Bank N.A. (Pasadena, CA) has 70 locations. Click to view all OneWest Bank N.A. (Pasadena, CA) locations.