Last Updated: 04/18/2025
First Foundation Bank Online Savings Account
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
2.75%(Verified 06/21/2024)
Minimum Opening Deposit
$1,000
Minimum Balance to Earn APY
$1,000
First Foundation Bank Online Savings Account Review
First Foundation Bank Online Savings Account is offered by First Foundation Bank, a bank founded in 1990 and based in Irvine, CA. First Foundation Bank Saving Account are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 2.75%, which is much higher than the average interest rate for a savings account. However, you must meet minimum balance requirements for higher APYs.
- $1,000 minimum opening deposit. This is a typical minimum initial deposit.
First Foundation Bank Saving Account Pros & Cons
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First Foundation Bank Saving Account FAQ
Are savings accounts from First Foundation Bank federally insured?
No, your First Foundation Bank savings accounts are not insured by a federal insurance agency. This means that if First Foundation Bank were to fall into financial difficulties, your deposits are not covered by a government-backed insurance fund like the FDIC or NCUSIF.
Does First Foundation Bank offer a signup bonus?
First Foundation Bank Saving Account doesn't offer a signup bonus.
What is the minimum initial deposit for First Foundation Bank Saving Account?
The minimum deposit to open a First Foundation Bank Saving Account is $1,000.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does First Foundation Bank Online Savings Account offer?
First Foundation Bank Saving Account offers an APY of 2.75% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does First Foundation Bank Saving Account charge?
First Foundation Bank Saving Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
Can you set up a direct deposit to First Foundation Bank Saving Account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for First Foundation Bank Saving Account?
The customer support email for First Foundation Bank Saving Account is onlinebanking@ff-inc.com.
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Contact
Headquarters
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