Best Money Market Accounts Earn Hefty 1.25% APY at First Federal Bank of California

By Allison Jones | Apr 03, 2010

Change is inevitable and the First Federal Bank of California is no exception to the rule. The bank was originally based inSanta Monica,Calif. however it was officially closed onDecember 18, 2009. The assets of the bank were taken over by OneWest bank, but the feel is still very locally based.

Aside from the financial institution supporting locally based groups like theBoys & Girls Clubs of Santa Monica and theVenice Community Housing Corporation, the First Federal Bank of California is still offering extremely competitive money market interest rates such as:

Deposit amounts under $10,000 earn a .50% APY
Deposit amounts starting at $10,000 to $25,000 can earn a 1.05% APY
Deposit amounts starting at $25,000 to $50,000 can earn a 1.15% APY
Deposit amounts starting at $50,000 earn a 1.25% APY

To ensure that your money market account is entitled to earn its highest money market account rate, additional terms must be met including:

$10,000 minimum opening balance required
$10,000 average monthly balance required to avoid monthly service fee of $15
Tiered interest compounded daily
FDIC insured

For over 80 years, the First Federal Bank of California has been serving local communities around Southern California. Since OneWest bank took over the financial institution haslocations around the region.The application process for many of the products from the First Federal Bank of California can startonline.

>> BestMoney Market Accounts

Current First Federal Bank of California CD Rates

6 Month CD Rate – First Federal Bank of California
12 Month CD Rate – First Federal Bank of California

Other First Federal Bank of California Rates

First Federal Bank of California – Savings Account Rate

About First Federal Bank of California >>

Other Terms and Conditions may apply. Additionally, rates may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.

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