" h2" > Table of Contents: Masthead Sticky This post was last examined and upgraded on July 28, 2021.
Savings
mceNonEditable" data-cardtype=" credit-card" data-pid=" 602d312326a919001103cea6" data-type=" undefined" > East West Bank Premier Cost Savings Account< bi-shortcode id=" related-article-module" class=" mceNonEditable" data-type=" 5da935af4af9095f0241a272" data-title =" The best online high-yield savings accounts of February 2021" data-url =" https://www.businessinsider.com/personal-finance/best-high-yield-savings-accounts-rates-right-now" data-thumbnail= "https://i.insider.com/5de159ccfd9db25f300616b6" data-shortcode-display-text=" Related Short Article Module: The very best online high-yield savings accounts of February 2021" > You might like< bi-inline-shortcode id=" commerce-link" contenteditable=" false" data-fields=" product_editorial_name" data-customtext="" data-shouldlink=" real" data-pid=" 602d312326a919001103cea6" > East West Bank Premier Savings Account if you certify to waive the regular monthly fees. The rate of interest is low, but comparable to what you'll earn with a lot of brick-and-mortar banks. To earn a higher rate, consider opening a high-yield savings account at an online bank. CD< bi-shortcode id=" commerce-link" class=" mceNonEditable" data-cardtype
You'll need to contact your local branch to ask about CD rates and early withdrawal charges. In general, rates on longer-term CDs are higher than what you 'd earn at numerous in-person banks. You'll still earn better rates at online banks, however.
How East West Bank works
East West Bank is a bank that originally opened to serve Chinese Americans in the Los Angeles area. Now it has branches in the following US states:
- California
- Georgia
- Massachusetts
- Nevada
- New york city
- Texas
- Washington
It likewise has branches in Hong Kong, Shanghai, Shantou, and Shenzhen.
You have open door to branches in the East West Bank, MoneyPass, and Allpoint ATM networks. East West won't charge you for the very first 2 out-of-network ATM withdrawals each month, although the ATM supplier might. After that, it's $1 per out-of-network transaction.
The mobile app has 4.7 out of 5 stars in the Apple shop, and 4.2 out of 5 stars in the Google Play shop.
Call to talk to a live client service representative Monday through Friday, 6:00 a.m. to 7:00 p.m. PT. Or call Saturday, 9:00 a.m. to 5:00 p.m. PT.
Your deposits are FDIC insured for approximately $250,000, or $500,000 for joint accounts.
Is East West Bank trustworthy?
The Better Bureau Business grades specific East West Bank branches independently. Each branch has gotten either an A- or A in dependability. A strong BBB rating indicates a company reacts to client problems efficiently, is honest in its advertising, and is transparent about service practices.
East West Bank doesn't have any public scandals, so you might decide you feel comfortable banking with this organization.
How does East West Bank compare to comparable banks?
East West Bank's largest presence remains in California, so we have actually compared it to 2 other banks in the state that originally opened to serve Chinese Americans: American Continental Bank (Member FDIC) and Cathay Bank (Member FDIC).
East West Bank evaluation vs. American Continental Bank evaluation
East West Bank has many more branches around California than American Continental, so you might prefer it if you often travel around the state. However you might like American Continental if you desire a smaller banking experience.
American Continental Bank offers more types of loans than East West, so you may like it if you want to obtain and bank at the same place.
East West Bank review vs. Cathay Bank review
East West and Cathay have very similar offerings, from kinds of accounts, to rate of interest, to regular monthly fees. Your choice between the 2 could come down to which has a branch more detailed to your house.
You may prefer East West if you anticipate to utilize out-of-network ATMs, since you can use two out-of-network makers for free every month. East West likewise only charges you $1 for each extra deal, whereas Cathay charges you $2.
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