• YOU'VE GOT THE GOALS. WE'VE GOT THE GOODS.
    Up to $300
    Plus 1.00% APY*

    When You Open a Premium Money Market Account.

    *Conditions apply. See "Offer Details" below

    Get Started opens a modal dialog or call 1.800.641.3590

  • It's easy to earn some extra savings.

    Open an account at any of our branches or online.

    AVERAGE BALANCE

    $250,000 - $5,000,000

    AVERAGE BALANCE

    $100,000 - $249,999.99

    AVERAGE BALANCE

    $10,000 - $99,999.99

    **Conditions apply. See "Offer Details" below

    Follow these three simple steps.

    1. Open a Premium Money Market Account (PMMA) with a minimum deposit of $10,000 in new money.
    2. Maintain principal balance $10,000 - $5,000,000 in the PMMA for the rate.
    3. Maintain the corresponding average balance listed above for the first 90 days following the account funding for the bonus.

    But don't wait - this offer is only available for a limited time.

    Get Started opens a modal dialog or call 1.800.641.3590

  • Who We Are
    Your neigborhood. Your bank.

    With over 60 Southern California retail branches spanning from San Diego to Ventura County, OneWest Bank, a division of CIT Bank, N.A. (Member FDIC, Equal Housing Lender) offers local communities a full array of deposit and lending solutions for consumers and small businesses - both in-person and online.

    Backed by CIT, with the strength of over $50 billion in assets, we're here to help you meet your banking and borrowing needs confidently and securely. OneWest Bank is proud to be a growing presence here, supporting the day-to-day financial lives of our customers.

  • Offer Details

    The 1.00% APY Offer and the Cash Bonus Offer apply to new Premium Money Market Accounts (PMMAs”) 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 BankOnCIT.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 Funds withdrawn from OneWest Bank or CIT within 90 days prior to account opening are also restricted.

    This promotion may end at any time without prior notice. Only one promotional PMMA can be opened per customer under this promotion. 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).

    1.00% APY
    A promotional 1.00% Annual Percentage Yield (“APY”) will be paid on PMMAs opened under this offer during the promotional period, which may end at any time without prior notice at the sole discretion of OneWest Bank, provided a principal balance of between $10,000 and $5,000,000 is maintained in the subject PMMA.  The principal balance is defined as the end-of-day PMMA account balance, exclusive of any interest earned. If the end-of day PMMA account balance falls below $10,000 or exceeds $5,055,000 (which includes the additional interest on a $5,000,000 principal balance earned over one year at 1.00% APY) the interest rate and APY will revert to the then current regular published interest rate and APY for the applicable balance tier. The promotional rate 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 balance tiers. Current published APYs, effective as of January 15, 2020, are: 0.15% APY on balances below $1,000; 0.15% APY on balances of $1,000 - $4,999; 0.15% APY on balances of $5,000 - $9,999; 0.25% APY on balances of $10,000 - $24,999; 0.40% APY on balances of $25,000 - $49,999; 0.50% APY on balances of $50,000 - $99,999; 0.60% APY on balance of $100,000 - $9,999,999; and 0.60% APY on balances of $10,000,000 or more. APYs 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, you may not deposit or transfer to your PMMA any funds that are on deposit or held at OneWest Bank or CIT. OneWest Bank reserves the right to reverse any deposits it determines violate this restriction.

    $100, $200, OR $300 CASH BONUS
    A Cash Bonus may be earned on PMMAs opened under this offer. The Bonus will be based on the average balance during the first 90 days following account funding: $100 bonus if the average balance is $10,000 - $99,999.99; $200 bonus if the average balance is $100,000 - $249,999.99; or $300 bonus if the average balance is $250,000 - $5,000,000. Bonus will be paid as a statement credit to the PMMA within 60 days after the average balance requirement above is met within the specified time frames. PMMA must remain open to receive the bonus.