First Foundation Bank Online Savings Account

TL;DR — Why it matters:

First Foundation Bank’s Online Savings account delivers a competitive, variable rate plus FDIC insurance—all with no monthly fees, five-minute digital signup, and human help on demand.

WHAT IS FIRST FOUNDATION BANK’S ONLINE SAVINGS ACCOUNT?

First Foundation Bank’s Online Savings account is a high-yield deposit account, opened digitally and backed by a federally chartered bank with over $12 billion in assets.

Key details

• No monthly maintenance fees or minimum balance after opening
• Nationwide availability—apply online in about five minutes
• FDIC insurance up to $250,000 per depositor, per ownership category
• 24/7 account access via web and award-winning mobile app
• Supported by 29 branches across five states

(Source: firstfoundationinc.com/personal-banking/bank/online-savings)

HOW DOES IT COMPARE TO TYPICAL SAVINGS OPTIONS?

Rates change, so checking the product page is the best way to learn the current rate. Historically, First Foundation Bank’s Online Savings rate has tracked well above the national average published by the FDIC.

Quick comparison snapshot

• Opening method – Online Savings: 100 % digital
• Monthly fees – $0
• FDIC insurance – Yes
• Customer support – Phone, chat, branches

For a complete look at what to compare beyond just APY, check out our 2025 guide to the best online savings accounts. It covers fees, access speed, app quality, FDIC coverage, and more. 

HOW DO YOU OPEN AND FUND THE ACCOUNT?

1. Apply online and complete ID verification.
2. Link an external bank (via Plaid).
3. Fund by ACH—interest accrues once funds settle.
4. Activate online banking to schedule transfers or set savings goals.
5. Grow or withdraw anytime via free ACH; outgoing wires use the standard fee.

Most savers finish in around five minutes.

WHY TRUST FIRST FOUNDATION BANK?

• Bank-direct, not a fintech wrapper: deposits stay at First Foundation Bank.
• Regulated and transparent.
• Scale and stability: $12.6 B in bank assets (as of 3/31/2025).
• Human help: five-day live support plus 29 physical branches.

FEES & LIMITATIONS

• No monthly service fee
• Unlimited inbound transfers
• Free outbound ACH; standard fee for outgoing domestic wires
• Federal limits on savings withdrawals were lifted in 2020—move funds whenever you like (though keeping cash on deposit maximizes interest).

IS THE RATE GUARANTEED?

No. The APY is variable, allowing it to adjust with market yields. Check today’s rate on the product page before opening.

FREQUENTLY ASKED QUESTIONS (FAQ)

Is First Foundation Bank FDIC-insured?
Yes. Deposits up to $250,000 per depositor, per ownership category, are insured by the Federal Deposit Insurance Corporation.

Does the Online Savings account have monthly fees?
No. There’s no monthly fee, and standard electronic transfers are free.

How long does it take to open the account?
Most customers complete the digital application and initial funding in around five minutes.

Can I withdraw money anytime?
Yes. You can initiate ACH withdrawals at any time; federal limits on savings account transfers were removed in 2020.