Last Updated: 04/18/2025
First Foundation Bank Online Savings Account
Unaffiliated
Last Updated: 04/18/2025
Compare All Savings Accounts
Filter & compare all your options in one place.
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
| Pros | Cons |
|
|
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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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
Hours of Operation
SundayClosedMonday9:00AM - 4:00PMTuesday9:00AM - 4:00PMWednesday9:00AM - 4:00PMThursday9:00AM - 4:00PMFriday9:00AM - 4:00PMSaturdayClosed
Other Services by First Foundation Bank
SuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
-100
-1000+100
No one recommends
Everyone recommends
First Foundation Bank Online Savings Account Community Reviews
Would you recommend First Foundation Bank Online Savings Account to your friends?
Layni L.
Jan 24, 2023
May or may not recommend
This bank is not for beginners. You have to have a deposit for $1000 before you can open an account. I have also heard from friends that they have trouble getting good customer service when they experience issues.
Della S.
Nov 25, 2022
May or may not recommend
Not FDIC is a BIG red flag. I don't recommend this bank. You also need $1000 balance to get any interest, so why bother? It's not worth it. Go with a more legit bank!
SW
Sue W.
Nov 17, 2022
May or may not recommend
I wouldn't be able to trust a bank that is not FDIC-insured. Not worth the risk.
Showing 3 of 3 reviews
You might also like
Best Savings Accounts
SuperMoney
Checking vs. Savings Account: Which Do You Need?
Andrew Latham
Opening a Joint Account: The Definitive Guide
Jessica Walrack
