OneWest Bank also increased the low tier rates of its E-Money Market Account. The rate for the $10K tier is now 1.85% APY. This used to be 1.25%. The rate is listed at OneWest Bank’s E-Money Market page as of 8/24/09.

Another top CD at OneWest Bank is its Online Keep Your Options Open CD. It’s a liquid CD that allows additional deposits up to a maximum principal balance of $100,000. It also allows two penalty-free early withdrawals. OneWest is currently offering this CD with a 1.90% APY and a term of 12 months.

It’s important to note that the above rates are only available online. OneWest branch rates are lower.

OneWest Bank used to be IndyMac Bank. The FDIC completed the sale of IndyMac in March to new owners who renamed it OneWest. With OneWest Bank being a new bank it doesn’t have the bad loan baggage of IndyMac. This bank is FDIC insured.