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Last Updated: 04/18/2025

Pacific Western Bank Money Market Account

in Money Market Accounts from Pacific Western Bank

Last Updated: 04/18/2025

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APY (Annual Percentage Yield)

5.25%(Verified 06/21/2024)

Minimum Balance to Earn APY

$1

Minimum Opening Deposit

Starting at $1

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Pacific Western Bank Money Market Account Review

Pacific Western Bank Money Market Account is offered by Pacific Western Bank, a bank founded in 1982 and based in Beverly Hills, CA. Pacific Western Bank Money Market Account are available in 50 states and Washington, DC.

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 5.25%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $1.
  • No monthly maintenance fees. This account does not charge any monthly account fees.
  • Small minimum initial deposit. You only need $1 to open an account.

Pros & Cons of Pacific Western Bank Money Market Account

Pacific Western Bank Money Market Account FAQ

Are money market accounts from Pacific Western Bank federally insured?

Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for Pacific Western Bank Money Market Account rates?

Pacific Western Bank Money Market Account offers an APY of up to 5.25% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a balance of $1. This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What are the fees for Pacific Western Bank Money Market Account?

Pacific Western Bank Money Market Account does not charge a monthly maintenance fee.

What is the minimum balance for Pacific Western Bank Money Market Account?

Minimum deposit of $1. You must make an initial deposit of at least $1 to open this account.
Interest rate minimum balance of $1. You must keep the account balance above $1 to earn interest.

What features and perks does Pacific Western Bank Money Market Account offer?

This account includes the following features:

    What is the customer service phone number?

    The customer service number for this account is (310) 278-7200.

    What is the support contact email?

    The support contact email for this business credit card is info@pacwest.com.

    How to open an account with Pacific Western Bank

    • Visit the Pacific Western Bank website.
    • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
    • Check the information is accurate and submit your application.

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    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Contact

    Headquarters

    9701 Wilshire Blvd
    Suite 700
    Beverly Hills, CA 90212
    Visit Site

    Hours of Operation

    Sunday
    Closed
    Monday
    9:00AM - 4:00PM
    Tuesday
    9:00AM - 4:00PM
    Wednesday
    9:00AM - 4:00PM
    Thursday
    9:00AM - 4:00PM
    Friday
    9:00AM - 4:00PM
    Saturday
    Closed

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