One West Bank 2.25% 1 Year CD
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.