Best Local Bank Savings and Money Market Rates in Downey, California, CA June 17, 2025

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If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!

Downey, CA - June 17, 2025

Savings Account National Average Rate: 0.45% ^?

Banks	APY	MIN
Citibank, National Association Pacific Palisades Branch	4.35% 0.20%	$0 $1	Learn More
Promotional rate for 3 months up to $11,000. Requires $25,000 in new deposits within 10 days of registration. After 3 month promotional period, rate reverts to between 0.03% and 0.12%. Rate History: 5.00% → 4.75% → 5.00% → 4.50% → 4.35%
Azoic \| Feb 25, 2022 I joined Citi with a Costco-VISA card. An Accelerate followed, and then a checking account. Costco-VISA is necessary for using a credit card at Costco, otherwise cash is necessary. Accelerate Savings w... Read More Reviews (22)
Umpqua Bank Torrance Store Branch	4.35% 0.10% 0.05%	$100,000 $25,000 $0	Learn More
Rate History: 4.55% → 4.35%
Austin \| Aug 25, 2021 I have banked with Umpqua in Gig Harbor since 2013 and although there money market rates are not good didn’t have much problem until I moved to Spokane and started using this branch on south hill. They ... Read More Reviews (2)
Comerica Bank Santa Monica Main Banking Center Bra Branch	4.25%	$1	Learn More
Rate History: 4.50% → 4.25%
Cory,Baldwin \| Oct 18, 2016 IF the Cd's our that high then way i'm i the last to find out what The apys are. Read More Reviews (1)
First Foundation Bank Los Angeles Branch	4.25%	$1,000	Learn More
Online Savings Account Rate History: 4.90% → 4.75% → 4.50% → 4.40% → 4.25%
james \| Nov 18, 2023 bank delayed 1-2days to credit into your account, pay less interest. Read More Reviews (32)
Umpqua Bank Torrance Store Branch	4.20% 1.00% 0.50%	$10,000 $1,000,000 $250,000	Learn More
Rate History: 4.40% → 4.20%
Austin \| Aug 25, 2021 I have banked with Umpqua in Gig Harbor since 2013 and although there money market rates are not good didn’t have much problem until I moved to Spokane and started using this branch on south hill. They ... Read More Reviews (2)
Ctbc Bank Corp. (usa) Ctbc Bank Corp. (Usa) Branch	3.80%	$50,000	Learn More Add Review
Beal Bank Brentwood Branch	3.75%	$500	Learn More Add Review
Rate History: 4.25% → 3.75%
Hsbc Bank Usa, National Association Santa Monica Branch	3.60% 0.01%	$1 $0	Learn More
Rate History: 4.00% → 3.85% → 3.75% → 3.70% → 3.60%
john \| Apr 14, 2020 I call HSBC they told me they don't have 1.85 1 year CD. current CD is 0.8 / year Read More Reviews (3)
Banner Bank Los Angeles Branch	3.51% 2.69% 2.38% 2.02%	$1,000,000 $100,000 $50,000 $25,000	Learn More
Rate History: 1.00% → 3.56% → 3.51%
Unhappy \| Mar 25, 2020 Banner bank is sometimes hard to work with. If you have a construction loan to get a disbursement you fill out a sheet with the line item (not a big deal). Then they schedule an inspection that you pay $... Read More Reviews (1)
Beal Bank Brentwood Branch	3.50% 3.25%	$25,000 $1,000	Learn More Add Review
Rate History: 4.00% → 3.50%
U.s. Bank National Association Pacific Palisades Branch	3.50% 0.05%	$25,000 $1	Learn More
Rate History: 4.10% → 3.50%
Ugg \| Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More Reviews (6)
Community Commerce Bank Monterey Park Branch	3.30%	$50	Learn More
Rate History: 3.57% → 3.56% → 3.30%
samcasino \| Mar 5, 2021 The best rate on any CD or savings account is .40% Read More Reviews (2)
Bank Of Hope Torrance Market Branch	3.05%	$1,000	Learn More
NORTY FLATZ \| Dec 3, 2019 Have done business with "Hope's" San Diego branch for a few years. Always courteous and helpful. Looking forward to doing business with them in the future. Read More Reviews (1)
Bank Of Whittier, National Association Bank Of Whittier, National Association Branch	2.60%	$250	Learn More Add Review
Capital One, National Association	2.50%	$1	Learn More
highstream \| Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More Reviews (16)
Homestreet Bank Homestreet Bank Branch	2.30% 1.75% 1.00%	$500,000 $150,000 $50,000	Learn More Add Review
Zions Bancorporation, N.a. Santa Monica Branch	2.02% 1.71% 1.51% 0.80%	$500,000 $250,000 $100,000 $5,000	Learn More Add Review
Zions Bancorporation, N.a. Santa Monica Branch	1.46% 0.70%	$100,000 $1,000	Learn More Add Review
Rate History: 2.02% → 1.46%
Wells Fargo Bank, National Association Pacific Palisades Branch	1.01% 0.01%	$100,000 $1	Learn More
Rate History: 1.01% → 1.02% → 1.01%
Thy King \| Feb 6, 2023 after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More Reviews (7)
California International Bank, N.a. California International Bank, N.A. Branch	0.60%	$10,000	Learn More Add Review
Habib American Bank Los Angeles Branch	0.60%	$1,500	Learn More
Ryan \| Feb 13, 2018 Is it legal to bring someone into the branch and shake them down and threaten them when they want to redeem their CD upon maturity (as opposed to allowing it to automatically renew)? If not, these guys an... Read More Reviews (2)
Habib American Bank Los Angeles Branch	0.60%	$500	Learn More
Rate History: 0.35% → 0.60%
Ryan \| Feb 13, 2018 Is it legal to bring someone into the branch and shake them down and threaten them when they want to redeem their CD upon maturity (as opposed to allowing it to automatically renew)? If not, these guys an... Read More Reviews (2)
Eh National Bank Eh National Bank Branch	0.55%	$10,000	Learn More Add Review
City National Bank Pacific Palisades Center Branch	0.50%	$0	Learn More Add Review
Rate History: 1.36% → 1.11% → 0.85% → 0.60% → 0.50%
Commonwealth Business Bank South Bay Branch	0.40%	$2,500	Learn More
RHG \| Jan 29, 2019 The Bank does not have this product. Read More Reviews (1)
Oneunited Bank Ladera Heights Branch	0.40% 0.30% 0.20%	$201 $25,000 $200	Learn More Add Review
California Business Bank California Business Bank Branch	0.35%	$2,500	Learn More Add Review
United Pacific Bank San Gabriel Valley Regional Office Branch	0.35%	$25,000	Learn More Add Review
Commonwealth Business Bank South Bay Branch	0.35%	$10,000	Learn More
RHG \| Jan 29, 2019 The Bank does not have this product. Read More Reviews (1)
State Bank Of India (california) State Bank Of India (California) Branch	0.30% 0.25% 0.20%	$100 $50,000 $500	Learn More Add Review
Midfirst Bank Century City Branch	0.30%	$2,500	Learn More
sharzns \| Jun 17, 2022 Midfirst doesn't seem to encourage any accounts other than checking. I have two. I've tried opening others, but they talk me out of it every single time. Read More Reviews (3)
Shinhan Bank America Torrance Branch	0.30%	$25,000	Learn More
Lori Kroko \| Mar 10, 2021 I think that it is absolutely despicable that I have been a customer of the Bank for more than 8 years and I bring in rolled coins with my account number on each wrapper and I am charged 5% fee. Cost me $3... Read More Reviews (1)
Eh National Bank Eh National Bank Branch	0.25%	$2,500	Learn More Add Review
Cathay Bank Torrance Branch	0.25% 0.20%	$1,000,000 $500,000	Learn More Add Review
United Pacific Bank San Gabriel Valley Regional Office Branch	0.25%	$2,500	Learn More Add Review
First Credit Bank First Credit Bank Branch	0.25%	$2,500	Learn More
maris \| Mar 2, 2019 does require us citizenship? Read More Reviews (1)
Commonwealth Business Bank South Bay Branch	0.25%	$2,500	Learn More
RHG \| Jan 29, 2019 The Bank does not have this product. Read More Reviews (1)
Community Commerce Bank Monterey Park Branch	0.25%	$50	Learn More
samcasino \| Mar 5, 2021 The best rate on any CD or savings account is .40% Read More Reviews (2)
U.s. Bank National Association Pacific Palisades Branch	0.25%	$25,000	Learn More
Rate History: 4.25% → 4.16% → 4.25% → 3.75% → 0.25%
Ugg \| Jun 12, 2023 US Bank reported me to dult Protective Services because my husband is 85 and I am63. He got sick and went into a nursing hime for 3 months. My husband always handled the financial affairs. I had to take ov... Read More Reviews (6)
Shinhan Bank America Torrance Branch	0.20%	$2,500	Learn More
Lori Kroko \| Mar 10, 2021 I think that it is absolutely despicable that I have been a customer of the Bank for more than 8 years and I bring in rolled coins with my account number on each wrapper and I am charged 5% fee. Cost me $3... Read More Reviews (1)
Us Metro Bank Us Metro Bank Branch	0.20%	$25,000	Learn More Add Review
First Commercial Bank (usa) First Commercial Bank (Usa) Branch	0.20% 0.15%	$10,000 $2,500	Learn More Add Review
Midfirst Bank Century City Branch	0.20%	$2,500	Learn More
sharzns \| Jun 17, 2022 Midfirst doesn't seem to encourage any accounts other than checking. I have two. I've tried opening others, but they talk me out of it every single time. Read More Reviews (3)
First National Bank In Frankfort	0.20%	$0	Learn More Add Review
Zions Bancorporation, N.a. Santa Monica Branch	0.19% 0.16%	$100,000 $0	Learn More Add Review
United Pacific Bank San Gabriel Valley Regional Office Branch	0.18%	$2,500	Learn More Add Review
California International Bank, N.a. California International Bank, N.A. Branch	0.16%	$2,500	Learn More Add Review
First Credit Bank First Credit Bank Branch	0.15%	$2,500	Learn More
maris \| Mar 2, 2019 does require us citizenship? Read More Reviews (1)
Friendly Hills Bank Sfs Branch	0.15%	$25,000	Learn More Add Review
Industrial And Commercial Bank Of China Usa, National Association Torrance Branch	0.15%	$25,000	Learn More Add Review
First General Bank San Gabriel Branch	0.15%	$10,000	Learn More Add Review
Oneunited Bank Ladera Heights Branch	0.15% 0.10% 0.05%	$75,000 $25,000 $500	Learn More Add Review
Asian Pacific National Bank Asian Pacific National Bank Branch	0.15%	$25,000	Learn More Add Review
Pcb Bank Torrance Branch	0.15%	$1,000	Learn More Add Review
Sterling Bank And Trust, Fsb Alhambra Branch	0.15%	$0	Learn More
samcasino \| Jan 30, 2021 Sterling hasn't offered a 1% rate for over a year. Best one can do now is .20%. The rates shown on this site are grossly outdated. Read More Reviews (1)
Sterling Bank And Trust, Fsb Alhambra Branch	0.10%	$1	Learn More
samcasino \| Jan 30, 2021 Sterling hasn't offered a 1% rate for over a year. Best one can do now is .20%. The rates shown on this site are grossly outdated. Read More Reviews (1)
American Continental Bank San Gabriel Branch	0.10%	$1	Learn More
Ednnani@hotmail.com \| Aug 7, 2021 Are you open on sat. Read More Reviews (2)
Sunwest Bank El Segundo Loan Production Office Branch	0.10%	$2,500	Learn More
william \| Apr 10, 2022 these are the absolute worst rates in history--a 5 year old could see that--either wake up or close your doors to legitimate customers! Read More Reviews (1)
Friendly Hills Bank Sfs Branch	0.10%	$10,000	Learn More Add Review
Industrial And Commercial Bank Of China Usa, National Association Torrance Branch	0.10%	$2,500	Learn More Add Review
Malaga Bank F.s.b. Malaga Bank F.S.b. Branch	0.10%	$10,000	Learn More Add Review
Open Bank Gardena Branch	0.10%	$2,500	Learn More Add Review
Asian Pacific National Bank Asian Pacific National Bank Branch	0.10%	$2,500	Learn More Add Review
Commercial Bank Of California Fairfax Branch	0.10%	$2,500	Learn More Add Review
Gbc International Bank Gbc International Bank Branch	0.10%	$2,500	Learn More
tomlynn \| Apr 15, 2019 Very friendly and helpful here. We had closed an account last year, and were not asked what we planned to do with the money or if we found a better rate elsewhere. Just thanks for banking with us...so we ... Read More Reviews (1)
Us Metro Bank Us Metro Bank Branch	0.10%	$2,500	Learn More Add Review
First General Bank San Gabriel Branch	0.10%	$2,500	Learn More Add Review
First-citizens Bank & Trust Company First Regional Bank Branch	0.10% 0.07%	$100,000 $25,000	Learn More
MrBond \| Feb 25, 2023 I have been working for this company more than 5 years. I would not recommend any investment with First Citizens Bank. They are the worst performer on the market based on the customer and employee reviews... Read More Reviews (3)
Farmers And Merchants Bank Of Long Beach Redondo Beach Branch	0.10%	$10,000	Learn More Add Review
Pacific Alliance Bank Rosemead Branch	0.10%	$0	Learn More
wiewro@hotmail.com \| Dec 1, 2020 wieslaw wrobel Read More Reviews (1)
Beneficial State Bank Los Angeles Branch	0.10%	$2,500	Learn More
Michael strubert \| Jun 8, 2021 Someone from Beneficial State Bank tried to cash a fraudulent check on my EECU account for $469.99. On 6/1/21. Read More Reviews (1)
United Business Bank Kilroy Airport Way Branch	0.10%	$25,000	Learn More
Small Company \| Apr 9, 2020 I would stay away from this bank. It was much better run when it was Valley Community Bank, but went into the toilet when it was bought by Bay Commercial Bank. Their online banking terms and conditions cha... Read More Reviews (1)
Universal Bank Eagle Rock - Colorado Branch	0.10%	$2,500	Learn More Add Review
Eastern International Bank Eastern International Bank Branch	0.10%	$10,000	Learn More Add Review
East West Bank Beverly Hills Cbc Branch	0.10%	$10,000	Learn More
Bauhinia C \| Mar 15, 2023 Oh Natty natty natty, haha the fact you need to take out (probably a second) loan for $160,000 on a $625,000 sends up all kinds of red flags. The bank was right to run away from YOU dear hahaha. Read More Reviews (2)
Pacific Premier Bank Manhattan Beach Office Branch	0.10%	$10,000	Learn More
Harry Reese \| Jul 22, 2015 Fix your automated system so I can find information after you close Read More Reviews (1)
Citizens Business Bank El Segundo Branch	0.10%	$2,500	Learn More Add Review
Hanmi Bank Hanmi Bank Branch	0.10%	$2,500	Learn More Add Review
First Commercial Bank (usa) First Commercial Bank (Usa) Branch	0.10%	$2,500	Learn More Add Review
Royal Business Bank West La Branch	0.10%	$10,000	Learn More Add Review
Friendly Hills Bank Sfs Branch	0.07%	$25,000	Learn More Add Review
Gbc International Bank Gbc International Bank Branch	0.05%	$2,500	Learn More
tomlynn \| Apr 15, 2019 Very friendly and helpful here. We had closed an account last year, and were not asked what we planned to do with the money or if we found a better rate elsewhere. Just thanks for banking with us...so we ... Read More Reviews (1)
United Business Bank Kilroy Airport Way Branch	0.05%	$2,500	Learn More
Small Company \| Apr 9, 2020 I would stay away from this bank. It was much better run when it was Valley Community Bank, but went into the toilet when it was bought by Bay Commercial Bank. Their online banking terms and conditions cha... Read More Reviews (1)
Sunwest Bank El Segundo Loan Production Office Branch	0.05%	$100	Learn More
william \| Apr 10, 2022 these are the absolute worst rates in history--a 5 year old could see that--either wake up or close your doors to legitimate customers! Read More Reviews (1)
Cathay Bank Torrance Branch	0.05%	$50,000	Learn More Add Review
Hanmi Bank Hanmi Bank Branch	0.05%	$2,500	Learn More Add Review
Industrial And Commercial Bank Of China Usa, National Association Torrance Branch	0.05%	$1,000	Learn More Add Review
Farmers And Merchants Bank Of Long Beach Redondo Beach Branch	0.05%	$2,500	Learn More Add Review
Royal Business Bank West La Branch	0.05%	$2,500	Learn More Add Review
Manufacturers Bank Beverly Hills Branch	0.05%	$2,500	Learn More Add Review
Pacific Premier Bank Manhattan Beach Office Branch	0.05%	$2,500	Learn More
Harry Reese \| Jul 22, 2015 Fix your automated system so I can find information after you close Read More Reviews (1)
Western Alliance Bank Beverly Hills Branch	0.05%	$2,500	Learn More Add Review
Malaga Bank F.s.b. Malaga Bank F.S.b. Branch	0.05%	$2,500	Learn More Add Review
Friendly Hills Bank Sfs Branch	0.05%	$2,500	Learn More Add Review
East West Bank Beverly Hills Cbc Branch	0.05%	$2,500	Learn More
Bauhinia C \| Mar 15, 2023 Oh Natty natty natty, haha the fact you need to take out (probably a second) loan for $160,000 on a $625,000 sends up all kinds of red flags. The bank was right to run away from YOU dear hahaha. Read More Reviews (2)
Homestreet Bank Homestreet Bank Branch	0.05%	$0	Learn More Add Review
Eastern International Bank Eastern International Bank Branch	0.05%	$2,500	Learn More Add Review
Preferred Bank Century City Branch	0.05%	$1	Learn More Add Review
Universal Bank Eagle Rock - Colorado Branch	0.04%	$2,500	Learn More Add Review
Bank Of America, National Association Pacific Palisades Branch	0.04%	$2,500	Learn More
Treasure \| Jul 24, 2023 BOFA is a den of people thieves camouflaged as bank operatives. There’s a soon to be uncovered carrel of money laundry there. They took all my money and don’t want to release it to me for no particular... Read More Reviews (11)
Mega Bank Mega Bank Branch	0.03%	$2,500	Learn More Add Review
First Bank First Bank Branch	0.02% 0.01%	$10,000 $0	Learn More Add Review
Comerica Bank Santa Monica Main Banking Center Bra Branch	0.02%	$1	Learn More
Cory,Baldwin \| Oct 18, 2016 IF the Cd's our that high then way i'm i the last to find out what The apys are. Read More Reviews (1)
Mega Bank Mega Bank Branch	0.02%	$2,500	Learn More Add Review
Umpqua Bank Torrance Store Branch	0.01%	$0	Learn More
Austin \| Aug 25, 2021 I have banked with Umpqua in Gig Harbor since 2013 and although there money market rates are not good didn’t have much problem until I moved to Spokane and started using this branch on south hill. They ... Read More Reviews (2)
Comerica Bank Santa Monica Main Banking Center Bra Branch	0.01%	$1	Learn More
Cory,Baldwin \| Oct 18, 2016 IF the Cd's our that high then way i'm i the last to find out what The apys are. Read More Reviews (1)
First Western Trust Bank First Western Trust Bank Century Cit Branch	0.01%	$2,500	Learn More Add Review
American Business Bank American Business Bank Branch	0.01%	$2,500	Learn More Add Review
Mechanics Bank Beverly Hills Branch	0.01%	$2,500	Learn More
kristinalouise \| Dec 6, 2018 I have to say, as a local business owner, I purposefully chose to work with a 'local business bank'. I moved my checking over when I incorporated and assumed that I would go to them when my needs increased... Read More Reviews (1)
Manufacturers Bank Beverly Hills Branch	0.01%	$2,500	Learn More Add Review
City National Bank Pacific Palisades Center Branch	0.01%	$0	Learn More Add Review

All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.

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Branches Info around Downey, CA - June 17, 2025

Branch	Street	City	State
Citibank, National Association Pacific Palisades Branch	15215 Sunset Blvd	Pacific Palisades	CA
Umpqua Bank Torrance Store Branch	2355 Crenshaw Boulevard, Ste 146	Torrance	CA
Comerica Bank Santa Monica Main Banking Center Bra Branch	1433 5th Street	Santa Monica	CA
First Foundation Bank Los Angeles Branch	10850 Wilshire Blvd, Suite 100	Los Angeles	CA
Umpqua Bank Torrance Store Branch	2355 Crenshaw Boulevard, Ste 146	Torrance	CA
CTBC Bank Corp. (USA) Ctbc Bank Corp. (Usa) Branch	801 South Figueroa Street, Suite 2300	Los Angeles	CA
XD Bank Brentwood Branch	11755 Wilshire Boulevard, Suite 10	Los Angeles	CA
HSBC Bank USA, National Association Santa Monica Branch	1453 3rd Street Promenade, Suite 250	Santa Monica	CA
Banner Bank Los Angeles Branch	7182 Beverly Blvd.	Los Angeles	CA
XD Bank Brentwood Branch	11755 Wilshire Boulevard, Suite 10	Los Angeles	CA
U.S. Bank National Association Pacific Palisades Branch	15305 West Sunset Blvd	Pacific Palisades	CA
Community Commerce Bank Monterey Park Branch	2323 S. Atlantic Boulevard	Monterey Park	CA
XD Bank Brentwood Branch	11755 Wilshire Boulevard, Suite 10	Los Angeles	CA
Bank of Hope Torrance Market Branch	4040 Pacific Coast Hwy	Torrance	CA
Banner Bank Los Angeles Branch	7182 Beverly Blvd.	Los Angeles	CA
Bank of Whittier, National Association Bank Of Whittier, National Association Branch	15141 East Whittier Boulevard	Whittier	CA
Banner Bank Los Angeles Branch	7182 Beverly Blvd.	Los Angeles	CA
HomeStreet Bank Homestreet Bank Branch	9595 Wilshire Blvd. Suite 900	Beverly Hills	CA
Banner Bank Los Angeles Branch	7182 Beverly Blvd.	Los Angeles	CA
Zions Bank Santa Monica Branch	100 Wilshire Boulevard	Santa Monica	CA
HomeStreet Bank Homestreet Bank Branch	9595 Wilshire Blvd. Suite 900	Beverly Hills	CA
Zions Bank Santa Monica Branch	100 Wilshire Boulevard	Santa Monica	CA
Zions Bank Santa Monica Branch	100 Wilshire Boulevard	Santa Monica	CA
Zions Bank Santa Monica Branch	100 Wilshire Boulevard	Santa Monica	CA
Wells Fargo Bank, National Association Pacific Palisades Branch	15240 W Sunset Blvd	Pacific Palisades	CA
Umpqua Bank Torrance Store Branch	2355 Crenshaw Boulevard, Ste 146	Torrance	CA
HomeStreet Bank Homestreet Bank Branch	9595 Wilshire Blvd. Suite 900	Beverly Hills	CA
Zions Bank Santa Monica Branch	100 Wilshire Boulevard	Santa Monica	CA
Zions Bank Santa Monica Branch	100 Wilshire Boulevard	Santa Monica	CA
California International Bank, N.A. California International Bank, N.A. Branch	8632 East Valley Boulevard, Suite A	Rosemead	CA
Habib American Bank Los Angeles Branch	110 East Ninth Street, Al-10	Los Angeles	CA
Habib American Bank Los Angeles Branch	110 East Ninth Street, Al-10	Los Angeles	CA
EH National Bank Eh National Bank Branch	8484 Wilshire Boulevard Ste 100	Beverly Hills	CA
City National Bank Pacific Palisades Center Branch	843 Via De La Paz Suite 100	Pacific Palisades	CA
Umpqua Bank Torrance Store Branch	2355 Crenshaw Boulevard, Ste 146	Torrance	CA
Commonwealth Business Bank South Bay Branch	3770 W. Sepulveda Blvd.	Torrance	CA
OneUnited Bank Ladera Heights Branch	6810 La Tijera Boulevard	Los Angeles	CA
California Business Bank California Business Bank Branch	3200 El Camino Real, Suite 220	Irvine	CA
United Pacific Bank San Gabriel Valley Regional Office Branch	101 West Garvey Avenue	Montery Park	CA
Commonwealth Business Bank South Bay Branch	3770 W. Sepulveda Blvd.	Torrance	CA
State Bank of India (California) State Bank Of India (California) Branch	707 Wilshire Boulevard, Suite 2900	Los Angeles	CA
MidFirst Bank Century City Branch	1875 Century Park East, Suite 1400	Los Angeles	CA
Shinhan Bank America Torrance Branch	22501 Crenshaw Boulevard	Torrance	CA
OneUnited Bank Ladera Heights Branch	6810 La Tijera Boulevard	Los Angeles	CA
EH National Bank Eh National Bank Branch	8484 Wilshire Boulevard Ste 100	Beverly Hills	CA
Cathay Bank Torrance Branch	23211 Hawthorne Boulevard, Suite 108	Torrance	CA
United Pacific Bank San Gabriel Valley Regional Office Branch	101 West Garvey Avenue	Montery Park	CA
State Bank of India (California) State Bank Of India (California) Branch	707 Wilshire Boulevard, Suite 2900	Los Angeles	CA
First Credit Bank First Credit Bank Branch	9255 Sunset Boulevard	Los Angeles	CA
Commonwealth Business Bank South Bay Branch	3770 W. Sepulveda Blvd.	Torrance	CA
Community Commerce Bank Monterey Park Branch	2323 S. Atlantic Boulevard	Monterey Park	CA
U.S. Bank National Association Pacific Palisades Branch	15305 West Sunset Blvd	Pacific Palisades	CA
Cathay Bank Torrance Branch	23211 Hawthorne Boulevard, Suite 108	Torrance	CA
Shinhan Bank America Torrance Branch	22501 Crenshaw Boulevard	Torrance	CA
US Metro Bank Us Metro Bank Branch	9866 Garden Grove Boulevard	Garden Grove	CA
First Commercial Bank (USA) First Commercial Bank (Usa) Branch	200 East Main Street	Alhambra	CA
State Bank of India (California) State Bank Of India (California) Branch	707 Wilshire Boulevard, Suite 2900	Los Angeles	CA
OneUnited Bank Ladera Heights Branch	6810 La Tijera Boulevard	Los Angeles	CA
MidFirst Bank Century City Branch	1875 Century Park East, Suite 1400	Los Angeles	CA
Citibank, National Association Pacific Palisades Branch	15215 Sunset Blvd	Pacific Palisades	CA
Zions Bank Santa Monica Branch	100 Wilshire Boulevard	Santa Monica	CA
United Pacific Bank San Gabriel Valley Regional Office Branch	101 West Garvey Avenue	Montery Park	CA
Zions Bank Santa Monica Branch	100 Wilshire Boulevard	Santa Monica	CA
California International Bank, N.A. California International Bank, N.A. Branch	8632 East Valley Boulevard, Suite A	Rosemead	CA
First Credit Bank First Credit Bank Branch	9255 Sunset Boulevard	Los Angeles	CA
First Pacific Bank Sfs Branch	12070 Telegraph Road Suite 100	Santa Fe Springs	CA
Industrial and Commercial Bank of China USA, National Association Torrance Branch	23133 Hawthorne Boulevard. Suite 100	Torrance	CA
First General Bank San Gabriel Branch	801 E. Valley Blvd Unit 103	San Gabriel	CA
OneUnited Bank Ladera Heights Branch	6810 La Tijera Boulevard	Los Angeles	CA
First Commercial Bank (USA) First Commercial Bank (Usa) Branch	200 East Main Street	Alhambra	CA
Asian Pacific National Bank Asian Pacific National Bank Branch	333 West Valley Boulevard	San Gabriel	CA
PCB Bank Torrance Branch	2505 Torrance Boulevard	Torrance	CA
Sterling Bank and Trust, FSB Alhambra Branch	711 West Valley Blvd, Ste 100	Alhambra	CA
Sterling Bank and Trust, FSB Alhambra Branch	711 West Valley Blvd, Ste 100	Alhambra	CA
American Continental Bank San Gabriel Branch	1008 E. Las Tunas Drive, Suite A	San Gabriel	CA
Sunwest Bank El Segundo Loan Production Office Branch	2321 Rosecrans Avenue, Suite 2215	El Segundo	CA
First Pacific Bank Sfs Branch	12070 Telegraph Road Suite 100	Santa Fe Springs	CA
Industrial and Commercial Bank of China USA, National Association Torrance Branch	23133 Hawthorne Boulevard. Suite 100	Torrance	CA
Malaga Bank F.S.B. Malaga Bank F.S.b. Branch	2514 Via Tejon	Palos Verdes Peninsula	CA
Open Bank Gardena Branch	15435 S. Western Avenue, #d	Gardena	CA
Asian Pacific National Bank Asian Pacific National Bank Branch	333 West Valley Boulevard	San Gabriel	CA
Commercial Bank of California Fairfax Branch	145 South Fairfax Avenue	Los Angeles	CA
GBC International Bank Gbc International Bank Branch	5670 Wilshire Boulevard, Suite 1780	Los Angeles	CA
US Metro Bank Us Metro Bank Branch	9866 Garden Grove Boulevard	Garden Grove	CA
First General Bank San Gabriel Branch	801 E. Valley Blvd Unit 103	San Gabriel	CA
First-Citizens Bank & Trust Company First Regional Bank Branch	1801 Century Park East	Los Angeles	CA
Farmers and Merchants Bank of Long Beach Redondo Beach Branch	1304 S. Pacific Coast Hwy	Redondo Beach	CA
Pacific Alliance Bank Rosemead Branch	8400 East Valley Boulevard	Rosemead	CA
Beneficial State Bank Los Angeles Branch	3626 East First Street	Los Angeles	CA
United Business Bank Kilroy Airport Way Branch	3750 Kilroy Airport Way, Suite 130	Long Beach	CA
Universal Bank Eagle Rock - Colorado Branch	2575 Colorado Boulevard	Los Angeles	CA
Eastern International Bank Eastern International Bank Branch	688 New High Street	Los Angeles	CA
East West Bank Beverly Hills Cbc Branch	9378 Wilshire Blvd., Ste 100	Beverly Hills	CA
Pacific Premier Bank, National Association Manhattan Beach Office Branch	1419 Highland Avenue	Manhattan Beach	CA
Citizens Business Bank El Segundo Branch	275 Main Street	El Segundo	CA
OneUnited Bank Ladera Heights Branch	6810 La Tijera Boulevard	Los Angeles	CA
Hanmi Bank Hanmi Bank Branch	9300 Wilshire Blvd., Suite 101	Beverly Hills	CA
Umpqua Bank Torrance Store Branch	2355 Crenshaw Boulevard, Ste 146	Torrance	CA
First Commercial Bank (USA) First Commercial Bank (Usa) Branch	200 East Main Street	Alhambra	CA
Royal Business Bank West La Branch	2105 Sawtelle Blvd.	Los Angeles	CA
First-Citizens Bank & Trust Company First Regional Bank Branch	1801 Century Park East	Los Angeles	CA
First Pacific Bank Sfs Branch	12070 Telegraph Road Suite 100	Santa Fe Springs	CA
GBC International Bank Gbc International Bank Branch	5670 Wilshire Boulevard, Suite 1780	Los Angeles	CA
Umpqua Bank Torrance Store Branch	2355 Crenshaw Boulevard, Ste 146	Torrance	CA
United Business Bank Kilroy Airport Way Branch	3750 Kilroy Airport Way, Suite 130	Long Beach	CA
Sunwest Bank El Segundo Loan Production Office Branch	2321 Rosecrans Avenue, Suite 2215	El Segundo	CA
Cathay Bank Torrance Branch	23211 Hawthorne Boulevard, Suite 108	Torrance	CA
Hanmi Bank Hanmi Bank Branch	9300 Wilshire Blvd., Suite 101	Beverly Hills	CA
Industrial and Commercial Bank of China USA, National Association Torrance Branch	23133 Hawthorne Boulevard. Suite 100	Torrance	CA
Farmers and Merchants Bank of Long Beach Redondo Beach Branch	1304 S. Pacific Coast Hwy	Redondo Beach	CA
Royal Business Bank West La Branch	2105 Sawtelle Blvd.	Los Angeles	CA
SMBC MANUBANK Beverly Hills Branch	9777 Wilshire Boulevard	Beverly Hills	CA
Pacific Premier Bank, National Association Manhattan Beach Office Branch	1419 Highland Avenue	Manhattan Beach	CA
Western Alliance Bank Beverly Hills Branch	9355 Wilshire Boulevard	Beverly Hills	CA
Malaga Bank F.S.B. Malaga Bank F.S.b. Branch	2514 Via Tejon	Palos Verdes Peninsula	CA
First Pacific Bank Sfs Branch	12070 Telegraph Road Suite 100	Santa Fe Springs	CA
East West Bank Beverly Hills Cbc Branch	9378 Wilshire Blvd., Ste 100	Beverly Hills	CA
HomeStreet Bank Homestreet Bank Branch	9595 Wilshire Blvd. Suite 900	Beverly Hills	CA
OneUnited Bank Ladera Heights Branch	6810 La Tijera Boulevard	Los Angeles	CA
Eastern International Bank Eastern International Bank Branch	688 New High Street	Los Angeles	CA
Preferred Bank Century City Branch	1801 Century Park East	Century City	CA
U.S. Bank National Association Pacific Palisades Branch	15305 West Sunset Blvd	Pacific Palisades	CA
Universal Bank Eagle Rock - Colorado Branch	2575 Colorado Boulevard	Los Angeles	CA
Bank of America, National Association Pacific Palisades Branch	15314 Sunset Boulevard	Pacific Palisades	CA
Mega Bank Mega Bank Branch	245 West Valley Boulevard	San Gabriel	CA
First Bank First Bank Branch	11835 West Olympic Boulevard	Los Angeles	CA
Comerica Bank Santa Monica Main Banking Center Bra Branch	1433 5th Street	Santa Monica	CA
Mega Bank Mega Bank Branch	245 West Valley Boulevard	San Gabriel	CA
Wells Fargo Bank, National Association Pacific Palisades Branch	15240 W Sunset Blvd	Pacific Palisades	CA
Umpqua Bank Torrance Store Branch	2355 Crenshaw Boulevard, Ste 146	Torrance	CA
HSBC Bank USA, National Association Santa Monica Branch	1453 3rd Street Promenade, Suite 250	Santa Monica	CA
Comerica Bank Santa Monica Main Banking Center Bra Branch	1433 5th Street	Santa Monica	CA
First Bank First Bank Branch	11835 West Olympic Boulevard	Los Angeles	CA
First Western Trust Bank First Western Trust Bank Century Cit Branch	1900 Avenue Of The Stars, Suite 900	Los Angeles	CA
American Business Bank American Business Bank Branch	523 West 6th Street, Suite 900	Los Angeles	CA
Mechanics Bank Beverly Hills Branch	100 N Crescent Dr #125	Beverly Hills	CA
SMBC MANUBANK Beverly Hills Branch	9777 Wilshire Boulevard	Beverly Hills	CA
City National Bank Pacific Palisades Center Branch	843 Via De La Paz Suite 100	Pacific Palisades	CA

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

FREQUENTLY ASKED QUESTIONS ABOUT LOCAL SAVINGS RATES

Why do savings rates vary so much?

Even though rates are at levels that are historically very low, there is competition for your money. Like any active marketplace, there are buyers and sellers of goods and services at different prices. Banks have different cost structures and they also have different needs for capital. This leads to different rates.

BestCashCow’s surveys show that online banks offer higher savings and CD rates because they have lower expenses from not having to maintain brick-and-mortar locations. Therefore, we strongly recommend that all depositors consider the rates at online banks as savings and money market accounts online can easy be set up to enable quick transfers to your favorite local bank.

What is the difference between a savings account and a money market account?

The differences between a savings account and a money market account are largely arcane. Some money market accounts offer more ways access deposits by issuing checks and debit cards, but prudent consumers will compare the two interchangeably, focusing primarily on rates and service among FDIC-insured banks (or NCUA-insured, for credit unions). Most savvy consumers who plan their expenses and financial needs ahead find the additional functionality offered by money markets to be of little value and will choose whichever account (savings or money market) has the higher rate.

What does annual percentage yield (APY) mean?

Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. $100,000 deposited in a savings or CD account with a 1.20% APY will earn $1,200 in the course of the year, but monthly interest in the first few months may be less than $100 a month (this also depends on the number of days in the month). Hence, the APY rate is ordinarily a couple of basis points above the real interest rates. Unlike with a Certificate of Deposit, your actual APY in a savings may vary if the rate changes.

How do I choose the right savings account and should I consider CDs?

Begin your search with the table here on BestCashCow.com that you have found. In addition to checking online savings rates, you should also check local bank rates and local credit union rates. If you are unlikely to require access to your cash for some time, you may also consider certificates of deposit (CDs). While CDs have penalties for early withdrawal that may even eat into your principal, the rates on 2, 3, 4 and 5 year CDs are ordinarily significantly higher than savings rates. Several other sections and articles on BestCashCow can also help you to identify your proper cash allocation between savings and CDs. Access these below. You should also familiarize yourself with our Savings & CD Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

8 POINT CHECKLIST FOR A GREAT BANKING RELATIONSHIP WITH YOUR LOCAL BANK

Find a bank with a location convenient to you. Location counts.
Choose a bank with good rates. Rates are important to get continued growth of your capital.
Choose a bank with an extensive network of fee-free ATM machines or which reimburses out-of-network ATM fees, if you still need to regularly access cash.
Avoid fees. Choose a bank which doesn’t have service fees provided you maintain a certain balance, which doesn’t charge for ACH inbound and outbound transfers, and which has low fees for things like international wire transfers and bounced checks.
Choose a healthy bank. If you click on a bank above, you’ll be taken to the bank’s financial detail. A healthy bank has happy employees and provides loyal service to its customers. No matter how healthy your bank is, stay within FDIC insurance limits.
Find something of value to offset what may be slightly lower rates than online accounts offer. Develop personal relationship with your bankers. Personal relationships can help you to get appropriate financial advice, and to navigate financial challenges and needs in the future. (Be careful with the financial advice you receive. Inappropriate financial advice is worth a lot less than no financial advice.) They can also put you in touch with others in your community who could be valuable personally and professionally to know. If you don't use your local savings account as an opportunity to build these relationships, you may find that you are better of banking online.
Choose a bank that is going to let you access your cash when you need. The great benefit of savings accounts over any other financial product (including CDs) is that you have absolute liquidity. If your bank in creating impediments to accessing your cash (paperwork, fees, etc.), then you need another bank.
Be aware that you can have more than one account. Having a great local savings account at a large or small bank near you can be great, but it doesn't need to stop you from opening one or more online savings accounts, or even developing a relationship with another local bank or credit union.