Savings Account with 4.90% APY
from First Foundation Bank

Savings Account Features Guide

Interest Rate
APY 4.90%
Minimum deposit amount $1,000.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $1,000.00
Minimum Balance to Avoid Fees -
Minimum Required Balance -
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee $35.00
Incoming Wires $10.00
Account Opening
Open Online Yes
Insured by F.D.I.C.
Paper Statements Yes
Online Statements Yes
Online and Telephone Banking
Online Banking Yes
Telephone Banking Yes
Mobile Banking Yes
Deposit Checks with Mobile Device Yes
Free Bill Pay Yes
Online Bill Payments Required Yes

Account Description

• The minimum balance to open the Online Savings Account is $1,000; new money only.
• Balance tier amounts and APYs associated with the end-of-day balance for the purpose of paying interest on the Online Savings Account are: $0.01 - $5,000,000.00 - APY 0.60%; $5,000,000.01 or more - APY 0.35%.
• Interest rate is variable and subject to change after account opening. If the balance in the account exceeds $5,000,000.00, the APY will be reduced on the entire account balance. The APY will be reduced on the entire account balance if the amount on deposit for all of your individual and joint Online Savings accounts combined exceed $5,000,000.00.
• Fees may reduce earnings.
• There is no monthly fee.
• If the Online Savings account is closed within 90 days of opening, there will be a $20 fee assessed. If it is closed after longer than 90 days, there is no fee.

Rate History

Date APY
February 1, 2024 4.90%
November 17, 2023 5.00%
November 17, 2023 5.25%

Customer Reviews for First Foundation Bank (2)

Rated 5.00 stars out of 5 - based on 2 reviews
  • This is just a wonderful bank to do business with. I have some concerns about all of these smaller California banks so my husband and I just stay below FDIC insurance amounts ($500,000 as a couple). It is still very rewarding.

  • Never a problem.

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