• Hit your goals in record time
    Up to 2.25% rate
    1.44% APY

    6-month promotional interest rate on a Premium Money Market Account. Conditions apply. See “Offer Details” below.

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  • Who We Are
    Your neigborhood. Your bank.

    OneWest Bank, a division of CIT Bank, N.A. offers local communities a full array of deposit and lending solutions for consumers and small businesses – both in-person and online.

    • Over 60 retail branches from San Diego to Ventura County
    • Backed by CIT Group Inc. (NYSE: CIT) with the strength of over $50 billion in assets
    • Member of FDIC. Equal Housing Lender
    • 2019 Gold Stevie Award for Sales & Customer Service in the financial service industries category

    We are proud to be a growing presence service Southern California, supporting the day-to-day financial lives of our customers confidentially and securely.

  • Offer Disclosures

    *Limited-time offer of promotional interest rate tiers applicable for the first 6 months after the account is opened (the “Promotional Period”) of 2.10% for account balances of $10,000 - $249,999, and 2.25% for account balances of $250,000 - $5,000,000 in new Premium Money Market Accounts (“PMMAs”).

    The Annual Percentage Yield (APY) applicable to your account is a blended rate combining the interest rate of the applicable promotional interest rate tier for the first 6 months and the interest rate of the applicable regular interest rate tier that will apply thereafter. The APYs for this promotion currently in effect as of July 22, 2019 are: 1.19% APY on balances of $10,000 - $24,999.99; 1.26% APY on balances of $25,000 - $49,999.99; 1.31% APY on balances of $50,000 - $99,999.99; 1.36% APY on balances of $100,000 - $249,999.99 and 1.44% APY on balances of $250,000 - $5,000,000.

    The promotional interest rate tiers will apply to PMMAs opened under this offer provided the following requirements are met:

    1. The new PMMA is opened with a minimum of $10,000 not on deposit or held at OneWest Bank, a division of CIT Bank, N.A. (“OneWest Bank”) or CITBank.com (“CIT”) at the time of account opening. Funds withdrawn from OneWest Bank or CIT within 90 days prior to account opening are also restricted.
    2. A principal balance of between $10,000 and $5,000,000 is maintained in the subject PMMA each day during the Promotional Period. The principal balance is defined as the end-of-day PMMA account balance, exclusive of any interest earned.

    The promotional interest rate tiers will be applied to qualified PMMA each of the first six months the account is open, after confirmation each day that the PMMA principal balance is between $10,000 and $5,000,000. If the end-of-day PMMA account balance falls below $10,000 or exceeds $5,060,000 (which includes the additional interest on a $5,000,000 principal balance earned over six months at 2.25%), the interest rate will revert to the then-current regular published interest rate for the applicable regular published balance tier. The promotional rate tiers will be reinstated on the day after the PMMA end-of-day account balance again falls within the balance range stated in the previous sentence.

    After the end of the Promotional Period, the PMMA will revert to the then-current regular published rates for all regular published balance tiers. Current published APYs, effective as of July 22, 2019, are: 0.15% APY on balances below $1,000; 0.15% APY on balances of $1,000 - $4,999.99; 0.15% APY on balances of $5,000 - $9,999.99; 0.25% APY on balances of $10,000 - $24,999.99; 0.40% APY on balances of $25,000 - $49,999.99; 0.50% APY on balances of $50,000 - $99,999.99; 0.60% APY on balances of $100,000 - $9,999,999.99; and 0.60% APY on balances of $10,000,000 or more. Interest Rates applicable after the end of the Promotional Period, and on PMMAs that are not eligible for this promotion or which become ineligible because the principal balance falls outside of the specified range, are variable and may change at any time without prior notice. Fees could reduce earnings on the account. A monthly service fee of $10 will apply for the PMMA if the average monthly balance falls below $10,000. Contact a banking office for complete terms, fees, and conditions.

    Restriction on deposits: For the duration of the Promotional Period, funds that are on deposit or held at OneWest Bank or CIT may not be deposited or transferred to the PMMA. OneWest Bank reserves the right to reverse any deposits it determines violate this restriction.

    Promotion may end at any time without notice. Only one promotional PMMA can be opened per customer within a 12-month period. Minor accounts are ineligible for this offer. The PMMA is a personal account only and cannot be opened in the name of a business. The PMMA is not available as an Individual Retirement Account (IRA).