First Foundation Bank :
Online Savings Account - 0.60% APY

• 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.


Fee and Feature Guide

Savings Account
Interest Rate
APY 0.60%
Minimum deposit amount $1,000.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $1,000.00
Minimum Balance to Avoid Fees $0.00
Minimum Required Balance $0.00
Fees
Monthly Maintenance Fee N/A
Foreign ATM Fees N/A
Insufficient Funds Fee $35.00
Incoming Wires $10.00
Statements
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 Opening
Open Online Yes
Insured by F.D.I.C.

Reviews on First Foundation Bank

| Feb 06, 2021

I've had no problems in 6 months. Have not needed to call.

| Jan 05, 2021

They offer the best interest rate of 0.75% which is better than most. Transfers of large amounts are just painful. Small limits on transfers are also ridiculous. Learned to use my main bank account to transfer large sums, and have been told that I can transfer large sums out if I call and provide additional information to verify my identity. I have not tried this yet. I hope it works. The bank App is very basic and has been problematic. Sometimes I have not be able to log in.

| Dec 15, 2020

This bank's application requires extensive personal information including SS, DOB, email, mother's maiden name, DMV Lic number with photo, recent personal photo, funding bank account and routing numbers, amount for withdrawal initial funding, etc. Then at end it did not confirm with new account information. Called for worthless individuals who knew little and told to resubmit. It was saved and again would not allow further processing because application was already filed. They told me to start from scratch on new application...Einstein's definition of insanity. If it went thru all that again I could either have same result or worst, two accounts. They make a point about sharing/selling your information. The thought of phishing came to mind. Now I can't delete the original application with it's information and they say they can't. STAY AWAY FROM THIS ONE!!!!

| Dec 15, 2020

This bank's application requires extensive personal information including SS, DOB, email, mother's maiden name, DMV Lic number with photo, recent personal photo, funding bank account and routing numbers, amount for withdrawal initial funding, etc. Then at end it did not confirm with new account information. Called for worthless individuals who knew little and told to resubmit. It was saved and again would not allow further processing because application was already filed. They told me to start from scratch on new application...Einstein's definition of insanity. If it went thru all that again I could either have same result or worst, two accounts. They make a point about sharing/selling your information. The thought of phishing came to mind. Now I can't delete the original application with it's information and they say they can't. STAY AWAY FROM THIS ONE!!!!

| Dec 15, 2020

I had no problems opening an account and it is nice to be earning more than anyone else. I hope the rate holds.