Home > CD Rates > One West Bank 2.25% 1 Year CD

One West Bank 2.25% 1 Year CD

July 6th, 2009

Please visit One West Bank for their updated CD rates.

One West Bank, formerly IndyMac, is offering a 1 year CD with a 2.25% APY. They’re also offering the following CD rates: 3.65% APY 5 year, 3.05% 4 year, 2.80% 3 year, 2.45% 2 year, 1.75% 9 month, 1.90% 6 month, and 1.15% 3 month certificate of deposit.

The minimum deposit on these CDs is $5,000 and the early withdrawal penalty is 1 months’ interest for terms under 180 days, 3 months’ interest for terms of 180 days to under 1 year, and 6 months’ interest for terms 1 year or more. There’s a 7 day grace period at the CD’s maturity.

OneWest Bank is also offering a liquid 1 year CD with an APY of 2%. This account allows you to make deposits at any time during the term for a minimum of $1,000 with a balance cap of $100,000. You’re also allowed to make 2 penalty-free withdrawals during the term.

One West also offers an online 2 year flexible CD that has a fixed 2 year rate, but allows you to increase your rate after one year if their 1 year CDs are offering better rates than you’re currently getting. Their flexible CD is currently offering the same 2.45% APY their regular 2 year CDs are getting. So there’s really no reason to get a regular 2 year CD over their flexible CD.

The rates above are available nationally, but if you live in California near a OneWest branch you can get even higher CD rates including a 2% APY 6 month CD, a 2.5% APY 2 year CD and a 3.75% APY 5 year certificate of deposit.

One West Bank’s IRA CD rates are also pretty good with a 2.5% APY 2 year IRA CD and a 3.25% APY 4 year IRA certificate of deposit. If you’re looking for the best jumbo CD rates, check our page on jumbo CDs.

For savings products, One WestBank is offering a 0.75% APY E-Money Market Account for balances $1,000 to $10,000, 1.25% on balances of $10,000 to $25,000, and 2% APY on balances over $50,000. There’s a monthly maintenance fee of $7 if your balance falls below $1,000, so you should make sure you have enough money in this account so that doesn’t happen. One West Bank is federally insured by the FDIC.

CD Rates

  1. Lillian
    May 20th, 2009 at 10:57 | #1

    I currently have a CD with your institution. It will renew on May 25. I would like to renew my CD at this 1 year CD rate. Please advise. Thank you.

  2. May 20th, 2009 at 15:26 | #2

    you should contact One West Bank: http://www.indymac.com/ to renew your CD, although I think they do automatically renew.

  3. charles cobley
    August 22nd, 2009 at 15:33 | #3

    i renewed my cd with one west today at 1.88% after going into the one west web site i see that the going intrust rate is 2.25% was i quoted wrong? if so please fix it.thank you c cobley

  4. Steve
    September 15th, 2009 at 10:21 | #5

    How do I down load a loan modification package

  5. Acton Black
    September 21st, 2009 at 11:23 | #6

    I have 2500 shares of Indy Mac. Does this mean these shares will roll over to One West Bank shares??

  6. W. Berry
    September 30th, 2009 at 12:23 | #7

    One West Bank….Check their CD rates. Talk about a bait and switch tactic. On line they advertise a 2.25%APT One year CD. But when you phone them, lo and behold it is only 2.05 APY. Their explanation/excuse is that the website is not theirs, is not updated or current, yada yada. If typing “One West Bank” in the search box and hitting Enter does not take you to their website, then I guess my computer what???? needs an oil change???

  7. Mike C.
    October 2nd, 2009 at 09:34 | #8

    After my Fannie mae stock quadrupled I now would like to put the profits into a CD but currently rates are very low where I am use to making 5% or more. Do you offer and special promotion rates where I can get a higher rate on a Jumbo CD for more than 5 years?

  8. B. Tedrick
    October 14th, 2009 at 12:32 | #9

    I asked for a partial withdrawl under 50% of my total deposit (allowed without penalty) and was told 4 times there would be a penalty. The mass confusion that occurs at One West Bank leaves me no alternative but to change banks at renewal. In addition, I was told on Monday I would have funds within 24 hours. I then received a call on Tuesday confirming receipt of my fax and promised it would be processed. Later in the day I received yet another call stating there would be a penalty and the transaction had not been processed and they could not promise the time frame of delivery of the check. There is no way to contact the Vice President either by email or voice mail…What is going on?

  9. Brooke Blair
    November 19th, 2009 at 18:47 | #10

    Don’t do anything with One West Bank, they are liars who destroy families.

  10. Phyllis Modiano
    January 20th, 2010 at 20:25 | #11

    I wish to rollover 2 IRA,CDs. One is a traditional IRA,(approx $90,000)the other a Roth($approx 1500). What is the rate you can offer for 1 year?

  11. G. Ludlum
    February 10th, 2010 at 11:28 | #12

    Is this a joke? You are posting a CD rate of 2.25 apy for 1 year – then in small print it says July 1, 2009. Isn’t that false advertising??? This is not good. I have a CD that just matured with One West. It looks as if I’ll be going elsewhere to invest. I’m very disappointed.

  12. G. Ludlum
    February 10th, 2010 at 11:43 | #13

    Aha!! The culprit does not appear to be One West Bank – this is not their website! I’m glad I found that out. NOT NICE, GUYS!!!!!

  13. February 10th, 2010 at 11:59 | #14

    And how is it my fault you think my website is one west bank’s site? The address is bromoney.com and the banner at the top says “BROMONEY” and i refer to one west bank in the third person, not the first. Nor is it my fault you’re reading a 7 month old post and think the rate is the same.

  14. Robert
    February 10th, 2010 at 13:08 | #15

    Why does this web site continue to publish One West CD rate at 2.25% from July 2009?

  15. heather
    March 4th, 2010 at 12:44 | #16

    these rates are quoted from july 2009.. these rates are not current…

  16. Shawn
    March 30th, 2010 at 17:40 | #17


    It would be great if you could remove the July 6th article about OneWest Bank rates. When you type “OneWest Bank CD rates” in Google, this is the first website that appears. I understand that this provides traffic to your website, but it also provides unnecessary headaches for both OneWest Bank customers and employees alike.

  17. Maria L. Nunez
    April 12th, 2010 at 22:19 | #18

    I am attempting to download the financialPacket, complete and submit,but I cant find the “Need help with my payments” to click on.Please assissist??

  18. shannon cistulli
    June 21st, 2010 at 15:51 | #19

    How long does it typically take to provide appraisal and full loan approval for a pre approved customer who has opened escrow?

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