OneWest Bank Review 2022

Both the Personal Savings and the Green Savings accounts require only $100 to open.

The Personal Savings account comes with a check-writing option and an ATM card.

The Green Savings account doesn’t have a monthly service charge.

There are higher APYs available at other banks.

You need a balance of at least $100,000 to earn the highest yield on the Personal Savings and Green Savings accounts.

Green Savings does not come with an ATM card, debit card or a check-writing option.

OneWest Bank offers 10 terms on CDs, ranging from three months to five years.

OneWest Bank pays slightly better than the national average on CD products.

The $1,000 deposit to open a CD is reasonable.

You can find higher yields at other banks, especially online banks.

The MMA offers access to 24/7 banking online or through an automated telephone system.

The Premium Money Market Account requires a high balance ($10,000) to avoid the $10 monthly fee.

A very high balance ($100,000) is needed to earn the highest APY.

You can find higher yields at other banks, especially online banks.

OneWest has three checking account options to suit different needs.

The minimum amount to open the Personal Checking ($25) and Premium Checking accounts ($100) are reasonable.

Personal Checking customers can easily avoid the $5 monthly fee by electing to get eStatements.

All checking accounts come with online banking, bill pay, mobile banking and an ATM/debit card that allows contactless payments.

You can find higher yields at other banks.

OneAccount checking requires a high average monthly balance ($10,000) to avoid a $25 monthly fee.