Available nationwide, First Foundation Bank Online Savings is offering a staggering 4.75% APY Rate on up to $5M balance.
Their Online Money Market is also available at a competitive rate with only $1k min opening deposit. The primary difference between the two accounts is that the Online MMA offers check writing.
Update 11/24/24: The Online Savings account has decreased to 4.75% APY from 4.90% APY. You can only see the new rate after clicking on “Open Account”.
About First Foundation Bank Online Savings
Based in Irvine, California, First Foundation Bank offers their Online Savings and MMA accounts to all U.S. citizens/resident aliens through an online application only.
Being an online account, they can offer one of the highest rates! The account gives you access to online banking, eStatements, mobile banking, text alerts, and so much more.
| Balance Requirement | APY Rate |
| $0.01 – $5M | 4.75% |
| $5M+ | 0.50% |
First Foundation Bank Online Savings
To earn the First Foundation’s competitive rate, simply have an opening deposit of $1,000. That’s all it takes and you’ll get to enjoy earning the competitive rate.
- Account Type: Online Savings
- Interest Rate: 4.75% APY
- Availability: Nationwide
- Minimum Balance: $0.01
- Maximum Balance: $5M
- Credit Inquiry: Soft Pull
- Opening Deposit: $1,000 minimum
- Monthly Fee: None
- Early Termination Fee: $20 fee if closed within 90 days of opening
(FDIC Insured)
Important Details for First Foundation Bank
- You can use their ACH funding option to fund your account up to $150,000 for initial funding.
- You can make deposits by using the First Foundation Mobile app check deposit feature, transferring funds from an external account using online banking or mobile app, and in-branch at any of 30 branch locations.
- Beneficiaries can be added after an Online Savings/Online MMA by calling 888.405.4332 or at newaccount@ff-inc.com. They will send you a short form via DocuSign to collect the information they need to add your beneficiaries to your account.
- First Foundation continues to honor the Fed’s Regulation D pause, so you can make more than 6 withdrawals per month without incurring a fee.
First Foundation ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | 3 days | $100K | $250K | |
| Pull | 3 days | $100K | $250K |
Editor’s Note: I highly recommend to use SoFi or CIT Bank Savings as your HUB account for all ACH transfers.
How to Earn First Foundation Rate
- Open an Online Savings account from the First Foundation with an opening deposit of $1,000.
- Maintain any balance amount and earn the 4.75% APY rate.
Why You Should Sign Up For This Account
- Track your account activity
- Pay bills online
- Send money to friends and family
- Bank with complete confidence
Bottom Line
Check out First Foundation and open an Online Savings account this amazing rate! The fact that you can earn a high rate on any balance makes this Savings Account all worthwhile. Let us know about your experience with this bank and comment below.
Interested in Bank Bonuses? See our favorite banks including HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on First Foundation Bank Online Savings Account.
Today, they lowered APY to 0.60%.
Today’s APY is 0.75%.
They changed APY again to 1.20%.
They lower APY to 1.45% today.
They lowered the APY again.
As a result, on May 21 the Annual Percentage Yield (APY) on our Online Savings account is changing to 1.60%. You’re still earning more than with these other popular online savings options:
Your new rate: 1.60% APY
Marcus: 1.30% APY
Barclays: 1.30% APY
Capital One: 1.30% APY
Ally Bank: 1.25% APY
I received this this morning:
FFB_logo
The Annual Percentage Yield (APY) on your Online Savings account is changing from 2.00% APY to 1.75% APY effective March 24, 2020.
Despite this change, your account still stacks up very strongly against other popular online savings options:
Your new rate: 1.75% APY
Marcus: 1.70% APY
Capital One: 1.50% APY
Ally Bank: 1.50% APY
Synchrony Bank: 1.50% APY
We are committed to continuing to offer a highly competitive rate to help our clients grow their savings. Thank you for allowing us to serve you.
Savings rates from DepositAccounts as of 3/23/20
Member FDIC