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Compare Savings and Money Market Accounts

Showing information for California

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Choice Money Market Savings Classic Savings
APPLY ONLINE Apply at a branch Learn More APPLY ONLINE Apply at a branch Learn More
Annual Percentage Yield (APY)
0.03% - 0.20% APY*
Depending on balance and checking relationship
Annual Percentage Yield (APY) is accurate as of 08/09/2020
View Rates
0.01% APY*
On all balances
Annual Percentage Yield (APY) is accurate as of 08/09/2020
View Rates
Minimum deposit
$100 $25
You're looking for
An account with higher interest rates and more customer benefits when you also open a Bank of the West Premier Checking account1,2 An interest-earning account you can open easily with a low minimum deposit
Ways to waive the monthly service charge
Maintain an average monthly balance of $5,000
OR
Use Auto-Save to set up a recurring monthly transfer of $75 or more from any Bank of the West personal checking account to your Choice Money Market Savings account3
OR
Maintain a Bank of the West Premier Checking Account. Refer to the Bank of the West Premier Program disclosure for details.
Maintain an average monthly balance of $300 ($50 in Minnesota)
OR
Use Auto-Save to set up recurring monthly transfers of $25 or more from any Bank of the West personal checking account to your Classic Savings account2
OR
If the primary account holder is 18 years old or younger
Interest
Compounds daily and paid monthly Compounds daily and paid monthly
Monthly Service Charge
$15 $5
ATM card with fraud protection guarantees
Yes Yes

Cutting-edge, mobile on-the-go access lets you bank anywhere, anytime4

  • Mobile Deposit
  • Mobile Alerts4
  • Mobile Payments
  • Make Transfers

Call Customer Service for assistance. See all Customer Service options.

Showing information for California

Legal information and Disclosures

1A Premier Relationship Premium (available to Bank of the West Premier Checking customers) is a bonus interest rate on qualifying Choice Money Market Savings accounts for selected balance tiers. The standard interest rate plus the Premier Relationship Premium interest rate equals the Premier Relationship Interest Rate. The Premier Relationship Premium interest rates are set at the Bank’s discretion and are subject to change without notice. Only one Choice Money Market Savings account can be linked to a checking account. There may not be a Premier Relationship Premium associated with every balance tier.

2To automatically qualify for a Premier Relationship Interest Rate, you must have an open Bank of the West Premier Checking account and one Choice Money Market Savings account with the same ownership. The Premier Relationship Interest Rate will be earned on your Choice Money Market Savings account, and is calculated as follows: On the last day of your statement cycle, your Choice Money Market Savings account’s end-of-day collected balance tier will be determined. If the Bank is paying a Premier Relationship Premium for that balance tier, that Premium will be added to the standard interest rate for the balance tier into which your daily end-of-day balance falls each day during the next full statement cycle. The Premier Relationship Premium will be applied beginning the first business day of the statement cycle. Once set, the Premier Relationship Premium will not change during that statement cycle. The standard interest rate can change as frequently as daily. The Premier Relationship Interest Rate is compounded daily and paid to your Choice Money Market Savings account on the last day of the statement cycle. If you do not qualify for a Premier Relationship Premium as of the last day of any statement cycle, your account will earn only the standard interest rate during the next full statement cycle.

3If there are not sufficient funds in your checking account to complete a scheduled Auto-Save transfer to your savings or money market account, no transfer will occur, even if you have available overdraft protection through Savings Overdraft Protection and/or Gold Line. This means that if your savings or money market account monthly service charge would have been waived as a result of an eligible Auto-Save or recurring transfer from your checking account, you may incur a monthly service charge for that statement cycle.

4Wireless carriers may charge fees for text transmissions or data usage. Message frequency depends on account settings. Text HELP to BKWST for help. Availability of Mobile Banking may be affected by your mobile device's coverage area.

*Rates may change at any time without prior notice, before or after the account is opened. Fees could reduce earnings on the account. Additional restrictions may apply. This account earns interest at a variable rate.

Securities and variable annuities are offered through BancWest Investment Services, a registered broker/dealer, member FINRA/SIPC, and SEC Registered Investment Adviser. Financial Advisors are Registered Representatives of BancWest Investment Services. Fixed annuities/insurance products are offered through BancWest Insurance Agency in California, (License #0C52321) and through BancWest Investment Services, Inc. in all other states where it is licensed to do business. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Bank of the West and its various affiliates and subsidiaries are not tax or legal advisors.

BancWest Investment Services is a wholly owned subsidiary of Bank of the West. Bank of the West is a wholly owned subsidiary of BNP Paribas.

Investment and Insurance Products:

  • NOT FDIC INSURED
  • NOT BANK GUARANTEED
  • MAY LOSE VALUE
  • NOT A DEPOSIT
  • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY