Best Local Bank Savings and Money Market Rates in Westminster, California, CA July 4, 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!

Westminster, CA - July 4, 2025

Savings Account National Average Rate: 0.45% ^?

Banks	APY	MIN
Citibank, National Association 12710 Hawthorne Plaza 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 Torrance Main Banking Center 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)
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 Irvine Branch	3.75%	$500	Learn More Add Review
Rate History: 4.25% → 3.75%
Hsbc Bank Usa, National Association Torrance 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)
Beal Bank Irvine Branch	3.50% 3.25%	$25,000 $1,000	Learn More Add Review
Rate History: 4.00% → 3.50%
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
American Plus Bank, N.a. Rowland Heights Branch	2.50% 2.20%	$500,000 $50,000	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 Harbor City Branch	2.30% 1.75% 1.00%	$500,000 $150,000 $50,000	Learn More Add Review
Zions Bancorporation, N.a. Torrance Branch	2.02% 1.71% 1.51% 0.80%	$500,000 $250,000 $100,000 $5,000	Learn More Add Review
American Plus Bank, N.a. Rowland Heights Branch	1.85% 0.50%	$10,000 $100,000	Learn More Add Review
Zions Bancorporation, N.a. Torrance Branch	1.46% 0.70%	$100,000 $1,000	Learn More Add Review
Rate History: 2.02% → 1.46%
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)
City National Bank Torrance 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)
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
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)
Tustin Community Bank Tustin Community Bank Branch	0.25%	$10,000	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)
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)
Golden State Bank Brea Branch	0.20%	$25,000	Learn More Add Review
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
Calprivate Bank San Diego Private Bank Branch	0.20%	$25,000	Learn More Add Review
First National Bank In Frankfort	0.20%	$0	Learn More Add Review
Zions Bancorporation, N.a. Torrance 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)
Partners Bank Of California Partners Bank Of California Branch	0.15%	$2,500	Learn More Add Review
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
Farmers & Merchants Bank Of Central California F & M Capital Branch	0.15%	$10,000	Learn More Add Review
Calprivate Bank San Diego Private Bank Branch	0.15%	$2,500	Learn More Add Review
Golden State Bank Brea Branch	0.15%	$10,000	Learn More Add Review
First General Bank San Gabriel Branch	0.15%	$10,000	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 Sunwest Bank 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)
Golden State Bank Brea Branch	0.10%	$2,500	Learn More Add Review
Friendly Hills Bank Sfs Branch	0.10%	$10,000	Learn More Add Review
Partners Bank Of California Partners Bank Of California Branch	0.10%	$2,500	Learn More Add Review
Tustin Community Bank Tustin Community Bank Branch	0.10%	$2,500	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. Torrance Skypark 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 Brea Branch	0.10%	$2,500	Learn More Add Review
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 Newport Beach 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 Torrance Branch	0.10%	$10,000	Learn More Add Review
Calprivate Bank San Diego Private Bank Branch	0.10%	$2,500	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 W Garvey Abenue 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 Torrance 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 Montebello 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 South Bay Commercial Banking Center Branch	0.10%	$2,500	Learn More Add Review
Hanmi Bank Torrance-Del Amo Mall 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 Torrance Branch	0.10%	$10,000	Learn More Add Review
Friendly Hills Bank Sfs Branch	0.07%	$25,000	Learn More Add Review
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 Sunwest Bank 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 Torrance-Del Amo Mall Branch	0.05%	$2,500	Learn More Add Review
Evertrust Bank Alhambra Branch	0.05%	$300	Learn More
Tina \| Aug 16, 2022 good customer service and always give me new information about CD rates. They have 2.3% now. Read More Reviews (3)
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 Torrance Branch	0.05%	$2,500	Learn More Add Review
Royal Business Bank Torrance Branch	0.05%	$2,500	Learn More Add Review
Manufacturers Bank Torrance Branch	0.05%	$2,500	Learn More Add Review
Pacific Premier Bank Montebello 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 Downtown Los Angeles Branch	0.05%	$2,500	Learn More Add Review
Malaga Bank F.s.b. Torrance Skypark 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 Torrance 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 Harbor City 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 Torrance Branch	0.05%	$1	Learn More Add Review
Farmers & Merchants Bank Of Central California F & M Capital Branch	0.04%	$2,500	Learn More Add Review
Universal Bank W Garvey Abenue Branch	0.04%	$2,500	Learn More Add Review
Farmers & Merchants Bank Of Central California F & M Capital Branch	0.03%	$2,500	Learn More Add Review
Mega Bank Mega Bank Branch	0.03%	$2,500	Learn More Add Review
First Bank Torrance Branch	0.02% 0.01%	$10,000 $0	Learn More Add Review
Comerica Bank Torrance Main Banking Center 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 Torrance Main Banking Center 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)
American Business Bank American Business Bank Branch	0.01%	$2,500	Learn More Add Review
Mechanics Bank Newport Beach 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 Torrance Branch	0.01%	$2,500	Learn More Add Review
City National Bank Torrance 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 Westminster, California

Branch	Street	City	State
Citibank, National Association 12710 Hawthorne Plaza Branch	12710 South Hawthorne Boulevard	Hawthorne	CA
Umpqua Bank Torrance Store Branch	2355 Crenshaw Boulevard, Ste 146	Torrance	CA
Comerica Bank Torrance Main Banking Center Branch	21153 Hawthorne Boulevard	Torrance	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 Irvine Branch	5600 Michelson Drive, Suite 140	Irvine	CA
HSBC Bank USA, National Association Torrance Branch	21842 Hawthorne Boulevard	Torrance	CA
XD Bank Irvine Branch	5600 Michelson Drive, Suite 140	Irvine	CA
Community Commerce Bank Monterey Park Branch	2323 S. Atlantic Boulevard	Monterey Park	CA
XD Bank Irvine Branch	5600 Michelson Drive, Suite 140	Irvine	CA
Bank of Hope Torrance Market Branch	4040 Pacific Coast Hwy	Torrance	CA
Bank of Whittier, National Association Bank Of Whittier, National Association Branch	15141 East Whittier Boulevard	Whittier	CA
American Plus Bank, N.A. Rowland Heights Branch	17506 Colima Road	Rowland Heights	CA
HomeStreet Bank Harbor City Branch	26640 Western Ave. Ste. N	Harbor City	CA
American Plus Bank, N.A. Rowland Heights Branch	17506 Colima Road	Rowland Heights	CA
Zions Bank Torrance Branch	21515 Hawthorne Boulevard, Suite 100	Torrance	CA
American Plus Bank, N.A. Rowland Heights Branch	17506 Colima Road	Rowland Heights	CA
HomeStreet Bank Harbor City Branch	26640 Western Ave. Ste. N	Harbor City	CA
Zions Bank Torrance Branch	21515 Hawthorne Boulevard, Suite 100	Torrance	CA
Zions Bank Torrance Branch	21515 Hawthorne Boulevard, Suite 100	Torrance	CA
Zions Bank Torrance Branch	21515 Hawthorne Boulevard, Suite 100	Torrance	CA
Umpqua Bank Torrance Store Branch	2355 Crenshaw Boulevard, Ste 146	Torrance	CA
HomeStreet Bank Harbor City Branch	26640 Western Ave. Ste. N	Harbor City	CA
Zions Bank Torrance Branch	21515 Hawthorne Boulevard, Suite 100	Torrance	CA
Zions Bank Torrance Branch	21515 Hawthorne Boulevard, Suite 100	Torrance	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
City National Bank Torrance Branch	3424 Carson Street	Torrance	CA
Umpqua Bank Torrance Store Branch	2355 Crenshaw Boulevard, Ste 146	Torrance	CA
American Plus Bank, N.A. Rowland Heights Branch	17506 Colima Road	Rowland Heights	CA
Commonwealth Business Bank South Bay Branch	3770 W. Sepulveda Blvd.	Torrance	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
Shinhan Bank America Torrance Branch	22501 Crenshaw Boulevard	Torrance	CA
Tustin Community Bank Tustin Community Bank Branch	13891 Newport Avenue, Suites 100 & 130	Tustin	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	18552 Macarthur Boulevard, Suite 102	Irvine	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
Cathay Bank Torrance Branch	23211 Hawthorne Boulevard, Suite 108	Torrance	CA
Shinhan Bank America Torrance Branch	22501 Crenshaw Boulevard	Torrance	CA
Golden State Bank Brea Branch	403 W. Imperial Highway, Suite D	Brea	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
CalPrivate Bank San Diego Private Bank Branch	18552 Macarthur Blvd, Suite220	Irvine	CA
Citibank, National Association 12710 Hawthorne Plaza Branch	12710 South Hawthorne Boulevard	Hawthorne	CA
Zions Bank Torrance Branch	21515 Hawthorne Boulevard, Suite 100	Torrance	CA
United Pacific Bank San Gabriel Valley Regional Office Branch	101 West Garvey Avenue	Montery Park	CA
Zions Bank Torrance Branch	21515 Hawthorne Boulevard, Suite 100	Torrance	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	18552 Macarthur Boulevard, Suite 102	Irvine	CA
Partners Bank of California Partners Bank Of California Branch	27201 Puerta Real, Suite 160	Mission Viejo	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
Farmers & Merchants Bank of Central California F & M Capital Branch	#2 Park Plaza, Suite 175	Irvine	CA
CalPrivate Bank San Diego Private Bank Branch	18552 Macarthur Blvd, Suite220	Irvine	CA
Golden State Bank Brea Branch	403 W. Imperial Highway, Suite D	Brea	CA
First General Bank San Gabriel Branch	801 E. Valley Blvd Unit 103	San Gabriel	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 Sunwest Bank Branch	2050 Main Street	Irvine	CA
Golden State Bank Brea Branch	403 W. Imperial Highway, Suite D	Brea	CA
First Pacific Bank Sfs Branch	12070 Telegraph Road Suite 100	Santa Fe Springs	CA
Partners Bank of California Partners Bank Of California Branch	27201 Puerta Real, Suite 160	Mission Viejo	CA
Tustin Community Bank Tustin Community Bank Branch	13891 Newport Avenue, Suites 100 & 130	Tustin	CA
Industrial and Commercial Bank of China USA, National Association Torrance Branch	23133 Hawthorne Boulevard. Suite 100	Torrance	CA
Malaga Bank F.S.B. Torrance Skypark Branch	23670 Hawthorne Blvd, Ste 101a	Torrance	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 Brea Branch	One Pointe Drive, Suite 100	Brea	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 Newport Beach Branch	1201 Dove Street	Newport Beach	CA
Farmers and Merchants Bank of Long Beach Torrance Branch	22400 Hawthorne Boulevard	Torrance	CA
CalPrivate Bank San Diego Private Bank Branch	18552 Macarthur Blvd, Suite220	Irvine	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 W Garvey Abenue Branch	757 W Garvey Avenue	Monterey Park	CA
Eastern International Bank Eastern International Bank Branch	688 New High Street	Los Angeles	CA
East West Bank Torrance Branch	23737 Hawthorne Boulevard	Torrance	CA
Pacific Premier Bank, National Association Montebello Office Branch	2417 West Whittier Blvd	Montebello	CA
Citizens Business Bank South Bay Commercial Banking Center Branch	970 W. 190th Street, Suite 120	Torrance	CA
Hanmi Bank Torrance-Del Amo Mall Branch	21838 Hawthorne Boulevard	Torrance	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 Torrance Branch	23740 Hawthorne Blvd. Suite 103	Torrance	CA
First-Citizens Bank & Trust Company Newport Beach Branch	1201 Dove Street	Newport Beach	CA
First Pacific Bank Sfs Branch	12070 Telegraph Road Suite 100	Santa Fe Springs	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 Sunwest Bank Branch	2050 Main Street	Irvine	CA
Cathay Bank Torrance Branch	23211 Hawthorne Boulevard, Suite 108	Torrance	CA
Hanmi Bank Torrance-Del Amo Mall Branch	21838 Hawthorne Boulevard	Torrance	CA
EverTrust Bank Alhambra Branch	333 E. Main Street, Suite #d	Alhambra	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 Torrance Branch	22400 Hawthorne Boulevard	Torrance	CA
Royal Business Bank Torrance Branch	23740 Hawthorne Blvd. Suite 103	Torrance	CA
SMBC MANUBANK Torrance Branch	970 West 190th St., Suite #500	Torrance	CA
Pacific Premier Bank, National Association Montebello Office Branch	2417 West Whittier Blvd	Montebello	CA
Western Alliance Bank Downtown Los Angeles Branch	601 West 5th Street	Los Angeles	CA
Malaga Bank F.S.B. Torrance Skypark Branch	23670 Hawthorne Blvd, Ste 101a	Torrance	CA
First Pacific Bank Sfs Branch	12070 Telegraph Road Suite 100	Santa Fe Springs	CA
East West Bank Torrance Branch	23737 Hawthorne Boulevard	Torrance	CA
HomeStreet Bank Harbor City Branch	26640 Western Ave. Ste. N	Harbor City	CA
Eastern International Bank Eastern International Bank Branch	688 New High Street	Los Angeles	CA
Preferred Bank Torrance Branch	21615 Hawthorne Boulevard, Suite 100	Torrance	CA
Farmers & Merchants Bank of Central California F & M Capital Branch	#2 Park Plaza, Suite 175	Irvine	CA
Universal Bank W Garvey Abenue Branch	757 W Garvey Avenue	Monterey Park	CA
Farmers & Merchants Bank of Central California F & M Capital Branch	#2 Park Plaza, Suite 175	Irvine	CA
Mega Bank Mega Bank Branch	245 West Valley Boulevard	San Gabriel	CA
First Bank Torrance Branch	21705 Hawthorne Blvd	Torrance	CA
Comerica Bank Torrance Main Banking Center Branch	21153 Hawthorne Boulevard	Torrance	CA
Mega Bank Mega Bank Branch	245 West Valley Boulevard	San Gabriel	CA
Umpqua Bank Torrance Store Branch	2355 Crenshaw Boulevard, Ste 146	Torrance	CA
HSBC Bank USA, National Association Torrance Branch	21842 Hawthorne Boulevard	Torrance	CA
Comerica Bank Torrance Main Banking Center Branch	21153 Hawthorne Boulevard	Torrance	CA
First Bank Torrance Branch	21705 Hawthorne Blvd	Torrance	CA
American Business Bank American Business Bank Branch	523 West 6th Street, Suite 900	Los Angeles	CA
Mechanics Bank Newport Beach Branch	610 Newport Center Drive, Suite 100	Newport Beach	CA
SMBC MANUBANK Torrance Branch	970 West 190th St., Suite #500	Torrance	CA
City National Bank Torrance Branch	3424 Carson Street	Torrance	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.