Los Angeles, California (CA) Savings Rates - March 2026
Content reviewed by
Brian McKay
i
Editorial Disclosure
Brian McKay
Brian McKay
Founder & Data ArchitectExpertise
- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The savings rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
The best savings rates for Los Angeles, California and the surrounding area include Schools Federal Credit UnionSchools Federal Credit Union850 W CESAR E CHAVEZ AVE, LOS ANGELES, CA 90012 2131A+5.0 ★Texas Ratio: 1.31% Summer Safeguard Savings at 6.60% APY, First Entertainment Credit UnionFirst Entertainment Credit Union5555 Melrose Ave, Los Angeles, CA 90038 3989A+5.0 ★Texas Ratio: 5.72% First500 Savings at 5.00% APY, Justice Federal Credit UnionJustice Federal Credit Union11000 Wilshire Blvd, Los Angeles, CA 90024A5.0 ★Texas Ratio: 9.17% FREEDOM DIRECT SAVINGS at 4.00% APY, First Bank Creve Coeur, MOFirst Bank Creve Coeur, MO725 N Broadway, Los Angeles, CA 90012A+5.0 ★Texas Ratio: 1.54% Kids Cash Savings at 4.00% APY, and Sterling Bank and Trust, FSBSterling Bank and Trust, FSB3640 Wilshire Blvd Ste 150, Los Angeles, CA 90010A+5.0 ★Texas Ratio: 2.04% EverBank Performance® Savings at 3.90% APY. Savings rates as of March 28, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Los Angeles, California, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Los Angeles, California (CA) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Los Angeles, California and the surrounding area. Last Updated and Verified: March 28, 2026
Compare the Best Savings Rates in Los Angeles, California & Surrounding Communities
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Schools Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.31%
850 W CESAR E CHAVEZ AVE, LOS ANGELES, CA 90012 2131
Summer Safeguard Savings
6.60%
$0
▼
Rate6.44%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Maximum contribution of $2,000 per month from a qualified source, such as payroll from LAUSD or LACCD
First Entertainment Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.72%
5555 Melrose Ave, Los Angeles, CA 90038 3989
First500 Savings
5.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
Qualifications Required: First Entertainment Checking Account; eStatements only; active online Bill Pay service or Direct Deposit; Qualifying balance up to $500.00
First Entertainment Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.72%
5555 Melrose Ave, Los Angeles, CA 90038 3989
First500 Savings Account
5.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
Qualifying balance up to $500.00
Justice Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.17%
11000 Wilshire Blvd, Los Angeles, CA 90024
FREEDOM DIRECT SAVINGS
4.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Direct Deposit to a new or existing Justice Federal Checking Account.
First Bank Creve Coeur, MO
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
725 N Broadway, Los Angeles, CA 90012
Kids Cash Savings
4.00%
$5
▼
Rate0.00%
Min Deposit$5
Min Balance—
UpdatedMar 26, 2026
Details
Sterling Bank and Trust, FSB
Institution Rating:
A+5.0 ★Texas Ratio: 2.04%
3640 Wilshire Blvd Ste 150, Los Angeles, CA 90010
EverBank Performance® Savings
3.90%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
New account APY3; This account is not available to open through our financial centers; it can only be opened online or by calling our client solutions team.
EverBank
Institution Rating:
B4.5 ★Texas Ratio: 20.65%
3640 Wilshire Blvd, Los Angeles, CA 90010
Performance® Savings
3.90%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
Royal Business Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.64%
1912 W Sunset Blvd, Los Angeles, CA 90026
New Year Flexible Savings Account
3.75%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Terms and Conditions apply.
Poppy Bank
Institution Rating:
A5.0 ★Texas Ratio: 9.79%
10861 Weyburn Ave, Los Angeles, CA 90024
Poppy Blooms Youth Savings Account
3.75%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
$25 Bonus
First Foundation Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.45%
10850 Wilshire Blvd, Los Angeles, CA 90024
Online Savings
3.75%
$1,000
▼
Rate0.00%
Min Deposit$1,000
Min Balance—
UpdatedMar 22, 2026
Details
First Entertainment Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.72%
5555 Melrose Ave, Los Angeles, CA 90038 3989
High-Yield Business Savings Account
3.65%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
First Entertainment Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.72%
5555 Melrose Ave, Los Angeles, CA 90038 3989
Business High Yield Savings
3.65%
$50,000
▼
Rate3.59%
Min Deposit$50,000
Min Balance—
UpdatedMar 26, 2026
Details
New money is described as funds that have not been on deposit in a First Entertainment Credit Union Account within the past 30 days.
Technicolor Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.32%
5300 Melrose Ave Ste 107, Los Angeles, CA 90038 5115
5-Year Roth IRA Shares
3.55%
$500
▼
Rate0.00%
Min Deposit$500
Min Balance—
UpdatedMar 28, 2026
Details
USC Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.87%
3720 S Flower St FL 4, Los Angeles, CA 90089
Smart Yield Savings
3.55%
$0
▼
Rate3.49%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
First Entertainment Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.72%
5555 Melrose Ave, Los Angeles, CA 90038 3989
High-Yield Savings Account
3.30%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
Woori America Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.51%
3540 Wilshire Blvd, Los Angeles, CA 90010
WooriWON Savings
3.25%
$100
▼
Rate0.00%
Min Deposit$100
Min Balance—
UpdatedMar 22, 2026
Details
Online Only
USC Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.87%
3720 S Flower St FL 4, Los Angeles, CA 90089
Smart Yield Savings
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Schools Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.31%
850 W CESAR E CHAVEZ AVE, LOS ANGELES, CA 90012 2131
Coverdell Education Savings Account
3.03%
$0
▼
Rate3.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Schools Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.31%
850 W CESAR E CHAVEZ AVE, LOS ANGELES, CA 90012 2131
Coverdell Savings
3.03%
$50
▼
Rate3.00%
Min Deposit$50
Min Balance—
UpdatedMar 28, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
4501 Colorado Blvd, Los Angeles, CA 90039
SafeGuard Savings, Consumer
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
4501 Colorado Blvd, Los Angeles, CA 90039
SafeGuard Savings, Municipal
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
PCB Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.12%
3701 Wilshire Blvd, Los Angeles, CA 90010
Your major-milestones savings account
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Woori America Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.51%
3540 Wilshire Blvd, Los Angeles, CA 90010
WooriWON Savings
2.95%
$100
▼
Rate0.00%
Min Deposit$100
Min Balance—
UpdatedMar 22, 2026
Details
Online Only
PCB Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.12%
3701 Wilshire Blvd, Los Angeles, CA 90010
Your major-milestones savings account
2.75%
$0
▼
Rate2.71%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Universal Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
2575 Colorado Blvd, Los Angeles, CA 90041
Universal Tiered Savings
2.75%
$0
▼
Rate2.71%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
University Credit Union Los Angeles, CA
Institution Rating:
A-5.0 ★Texas Ratio: 15.35%
1500 S Sepulveda Blvd, Los Angeles, CA 90025
High Yield Savings
2.75%
$5
▼
Rate2.72%
Min Deposit$5
Min Balance—
UpdatedMar 22, 2026
Details
High Yield Savings Account is only available for new money deposited to UCU. New money is money not currently or previously held in a UCU account.
USC Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.87%
3720 S Flower St FL 4, Los Angeles, CA 90089
Smart Yield Savings
2.75%
$0
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
First Bank Creve Coeur, MO
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
725 N Broadway, Los Angeles, CA 90012
Icon High-Yield Savings
2.75%
$100
▼
Rate0.00%
Min Deposit$100
Min Balance—
UpdatedMar 26, 2026
Details
Hanmi Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.11%
3660 Wilshire Blvd Ste Ph A, Los Angeles, CA 90010
Simple Savings
2.70%
$100
▼
Rate0.00%
Min Deposit$100
Min Balance—
UpdatedMar 27, 2026
Details
Banner Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.69%
7182 Beverly Blvd, Los Angeles, CA 90036
High Yield Relationship Savings
2.63%
$25,000
▼
Rate0.00%
Min Deposit$25,000
Min Balance—
UpdatedMar 25, 2026
Details
Minimum opening balance of $25,000 must be new money to Banner Bank. A Banner Bank checking account is required to open a High Yield Relationship Savings account.
Banner Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.69%
7182 Beverly Blvd, Los Angeles, CA 90036
High Yield Relationship Savings
2.58%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Universal Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
2575 Colorado Blvd, Los Angeles, CA 90041
Universal Tiered Savings
2.55%
$0
▼
Rate2.52%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Banner Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.69%
7182 Beverly Blvd, Los Angeles, CA 90036
High Yield Relationship Savings
2.53%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
PCB Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.12%
3701 Wilshire Blvd, Los Angeles, CA 90010
Your major-milestones savings account
2.50%
$0
▼
Rate2.47%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Universal Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
2575 Colorado Blvd, Los Angeles, CA 90041
Universal Tiered Savings
2.45%
$0
▼
Rate2.42%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Universal Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
2575 Colorado Blvd, Los Angeles, CA 90041
Universal Tiered Savings
2.35%
$0
▼
Rate2.32%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Banner Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.69%
7182 Beverly Blvd, Los Angeles, CA 90036
High Yield Relationship Savings
2.28%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Hanmi Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.11%
3660 Wilshire Blvd Ste Ph A, Los Angeles, CA 90010
Simple Savings
2.20%
$100
▼
Rate0.00%
Min Deposit$100
Min Balance—
UpdatedMar 27, 2026
Details
Southland Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.82%
300 N Los Angeles St Ste 1244, Los Angeles, CA 90012 3336
High Yield Savings
2.05%
$10,000
▼
Rate2.03%
Min Deposit$10,000
Min Balance—
UpdatedMar 28, 2026
Details
Minimum balance to earn promotional rate is $10,000. Balances under $10,000 will earn the regular share savings rate. To qualify, deposit must be new money to Southland transferred from another financial institution.
Banner Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.69%
7182 Beverly Blvd, Los Angeles, CA 90036
High Yield Relationship Savings
2.02%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Bank of Hope
Institution Rating:
A+5.0 ★Texas Ratio: 3.52%
3200 Wilshire Blvd, Los Angeles, CA 90010
Kids Savings
2.00%
$25
▼
Rate0.00%
Min Deposit$25
Min Balance—
UpdatedMar 25, 2026
Details
Complimentary Kids Savings stackable money bank and passbook at new account opening
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
4501 Colorado Blvd, Los Angeles, CA 90039
Rainy Day Savings
1.90%
$0
▼
Rate1.88%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
On balances above $25,000 and up to $50,000
USC Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.87%
3720 S Flower St FL 4, Los Angeles, CA 90089
Smart Yield Savings
1.75%
$0
▼
Rate1.74%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Banner Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.69%
7182 Beverly Blvd, Los Angeles, CA 90036
High Yield Relationship Savings
1.51%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
4501 Colorado Blvd, Los Angeles, CA 90039
SafeGuard Savings, Business
1.40%
$0
▼
Rate1.39%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
4501 Colorado Blvd, Los Angeles, CA 90039
Rainy Day Savings
1.40%
$0
▼
Rate1.39%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
On balances up to $25,000
First Entertainment Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.72%
5555 Melrose Ave, Los Angeles, CA 90038 3989
Business Money Market Savings
1.35%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 26, 2026
Details
SAG AFTRA Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
5757 Wilshire Blvd Ste 124, Los Angeles, CA 90036 3792
Money Market Savings Account
1.25%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 28, 2026
Details
First Entertainment Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.72%
5555 Melrose Ave, Los Angeles, CA 90038 3989
Business Money Market Savings
1.25%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 26, 2026
Details
First Entertainment Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.72%
5555 Melrose Ave, Los Angeles, CA 90038 3989
Personal Money Market Savings
1.20%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 26, 2026
Details
First Entertainment Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.72%
5555 Melrose Ave, Los Angeles, CA 90038 3989
Money Market Savings
1.20%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 26, 2026
Details
SAG AFTRA Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
5757 Wilshire Blvd Ste 124, Los Angeles, CA 90036 3792
Money Market Savings Account
1.15%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 28, 2026
Details
First Entertainment Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.72%
5555 Melrose Ave, Los Angeles, CA 90038 3989
Business Money Market Savings
1.15%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 26, 2026
Details
SAG AFTRA Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.06%
5757 Wilshire Blvd Ste 124, Los Angeles, CA 90036 3792
Money Market Savings Account
1.05%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 28, 2026
Details
First Entertainment Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.72%
5555 Melrose Ave, Los Angeles, CA 90038 3989
Business Money Market Savings
1.05%
$2,500
▼
Rate0.00%
Min Deposit$2,500
Min Balance—
UpdatedMar 26, 2026
Details
Habib American HAB Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
928 S Broadway, Los Angeles, CA 90015
Statement Savings
0.60%
$0
▼
Rate0.60%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Poppy Bank
Institution Rating:
A5.0 ★Texas Ratio: 9.79%
10861 Weyburn Ave, Los Angeles, CA 90024
Poppy Premier Business Savings
0.50%
$0
▼
Rate0.49%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Universal Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
2575 Colorado Blvd, Los Angeles, CA 90041
High School Savings
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
OneUnited Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.87%
3683 Crenshaw Blvd, Los Angeles, CA 90016
UNITY Plus Savings
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
OneUnited Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.87%
3683 Crenshaw Blvd, Los Angeles, CA 90016
UNITY E-Gold Savings
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Powered by
MonitorBankRates
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Los Angeles, CA Savings Rate Trends
Compare local Los Angeles, CA savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
High-Yield Savings — CA Avg
0.168%
▼ 1.915 from last week
California high-yield savings rates fell 1.915 points this week to 0.168% APY, down from 2.083% last week.
Standard Savings — CA Avg
0.582%
▼ 0.023 from last week
California standard savings rates fell 0.023 points this week to 0.582% APY, down from 0.605% last week.
As of Mar 29, 2026 •
Rate data sourced from 8,500+ monitored institutions
Powered by MonitorBankRates
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Los Angeles, California directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Los Angeles, California. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in CA.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Los Angeles, California
What is a High-Yield Savings Account (HYSA)?
A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in California, help your money grow faster through a higher APY.
Are savings accounts in Los Angeles, California safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in California up to $250,000 per depositor, per institution.
How often do savings rates change in Los Angeles, California?
Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local California rate tables daily to ensure you see the most current high-yield options.
Do I need a minimum deposit to open a savings account?
It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Los Angeles, California may require $25–$100 to open an account.
What is the difference between a Savings Account and a Money Market Account?
Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.
Are online banks better than local banks in Los Angeles, California?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Los Angeles, California offer in-person customer service, which some customers prefer.
How do I open a savings account in Los Angeles, California?
You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.
Best Savings Rates in Los Angeles, California
Here are recent savings rates observed in Los Angeles, California and the surrounding area:
- Schools Federal Credit Union
Summer Safeguard Savings — 6.60% APY - First Entertainment Credit Union
First500 Savings — 5.00% APY - Justice Federal Credit Union
FREEDOM DIRECT SAVINGS — 4.00% APY - First Bank Creve Coeur, MO
Kids Cash Savings — 4.00% APY - Sterling Bank and Trust, FSB
EverBank Performance® Savings — 3.90% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Los Angeles, California. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 28, 2026
