Mission Valley Bank Review
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Discover a wide range of savings opportunities with Mission Valley Bank, including high-yield accounts available through Raisin.
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Overall Score | 4.3 | ||
Savings | 5.0 | ||
CD | 5.0 | ||
Money Market | 3.0 | ||
Customer Service | 4.0 | ||
Pros and Cons
- Various savings options
- Monthly fees can be waived
- Limited physical branches
Bottom Line
California-based bank with various savings options, including high-yield accounts via Raisin
Want to grow your funds? Mission Valley Bank has your banking needs covered. It has a variety of savings options to help you steadily grow your wealth.
Plus, they also offer an exclusive high-yield savings account and CDs through Raisin.
With that, let's see what else Mission Valley Bank has in store.
What is Mission Valley Bank?
Founded in 2001, Mission Valley Bank is a community bank headquartered in Sun Valley, California. They put their clients first by providing a wide range of banking and borrowing services.
Whether you're an individual or a business, they've got various checking, savings, and lending solutions for you. Plus, they offer exclusive high-rate savings options through Raisin.
High Yield Savings Account - 3.86% APY
- $1 minimum deposit
- No fees
- 24/7 online access to funds
- FDIC insured
Pros and Cons
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Pros
- High-yield savings and CDs through Raisin
- Various savings options
- Monthly fees can be waived
- Extensive surcharge-free ATM network via Allpoint
- FDIC-insured
Cons
- Limited physical branches
- Some accounts have low rates
Savings Accounts
Mission Valley Bank has a High-Yield Savings Account offered through Raisin. It comes with an impressive interest rate, no monthly fees, and only needs $1 to start.
Raisin is an online platform that partners with different banks to provide savings products that feature good rates and low account minimums. This means you can open and handle multiple savings accounts, money market accounts, and CDs all in one place.
You can also directly open a Personal Savings Account with Mission Valley Bank. However, it has a monthly service charge which can be waived by maintaining a certain minimum daily balance.
How to open a Mission Valley Bank savings account via Raisin:
- Go to Mission Valley Bank on Raisin and click on Savings.
- Open an account with your name, SSN, date of birth, and address.
- Link a bank account so you can fund your savings product ($1 minimum deposit).
Certificates of Deposit
You can also get Mission Valley Bank CDs through Raisin. They come with competitive rates that can pump up your savings. And, you can get started with just $1.
Mission Valley Bank also directly offers CDs with rates based on your deposit amount and term length. They have standard CDs for deposits less than $100,000 and Elite CDs for deposits of $100,000 or more.
Mission Valley Bank CD Rates - Up to 3.80% APY
- $1 minimum deposit
- No fees
- 24/7 online access to funds
- FDIC insured
| CD | APY |
|---|---|
| 3-Month No-Penalty CD | 3.80% APY |
3-Month No-Penalty CD - 3.80% APY
- $1 minimum deposit
- No fees
- 24/7 online access to funds
- FDIC insured
How to open a Mission Valley Bank CD via Raisin:
- Go to Mission Valley Bank on Raisin and click on High-yield CDs or No penalty CDs.
- Open an account with your name, SSN, date of birth, and address.
- Link a bank account so you can fund your savings product ($1 minimum deposit).
Money Market Account
If you need to transfer and withdraw money more conveniently, consider Mission Valley Bank's Personal Money Market Account. It offers variable tiered interest rates depending on your account balance.
It does have a monthly fee, but you can skip it if you meet the minimum average daily balance requirement.[1]
How Much Can You Earn?
Use this savings calculator to see how much your money can grow with Mission Valley Bank:
Depositing and Withdrawing Funds
When you open an account through Raisin, you can move money between your external bank account and your Raisin account. These transfers usually take 1-3 business days.
Meanwhile, for accounts directly from Mission Valley Bank, you can access your funds through the following:
- Withdrawing or depositing at a physical branch
- Using your Mastercard debit card at an ATM
- Send and receive funds through wire transfer
- Set up direct deposit
- Get a cashier's check
Who is It Best For?
Mission Valley Bank is an excellent option for those looking to increase their savings, especially with their offerings through Raisin. You'll find various high-yield savings options perfect for growing your funds. With Raisin, you can easily manage multiple accounts all in one place.
It is also a solid choice for a full-service bank in California. They offer everything from checking and savings accounts to loans and credit options.
How Mission Valley Bank Compares
CIT Bank Platinum Savings - 3.75% APY
- 3.75% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
UFB Portfolio Savings - Earn up to 3.26% APY
- Earn up to 3.26% APY.*
- No monthly maintenance fees.
- No minimum deposit required to open an account.
- Access your funds 24/7 with easy-to-use digital banking tools.
- Enjoy peace of mind with FDIC insurance up to the maximum allowance limit – Certificate #35546.
High-Yield Savings Premier - 3.80% APY
- No account fees
- Option to open individual or joint account
- FDIC insured up to $250,000 per depositor
- Only $500 minimum opening deposit
High-Yield CD Rates - Up to 4.00% APY
- No fees
- $1 minimum deposit
- FDIC insured
| Term | CD Rates |
|---|---|
| 3 Month | 4.00% APY |
| 4 Month | 3.50% APY |
| 5 Month | 3.40% APY |
| 6 Month | 3.50% APY |
| 9 Month | 3.40% APY |
| 12 Month | 3.30% APY |
CIT Bank No Penalty CD - 3.75% APY
- Option to withdraw full balance and interest after 7 days of CD funding date
- $1,000 minimum to open an account
- 11 months
- No monthly maintenance fee
- Member FDIC
Is Mission Valley Bank Legitimate?
Yes, Mission Valley Bank is a safe and legitimate institution. They are an FDIC member (Certificate #57101) which means deposits are federally insured up to $250,000 for individual accounts and $500,000 for joint accounts.
Rest assured, you'll get your money back if the bank goes under.
Bottom Line
Mission Valley Bank offers several interest-bearing accounts for those looking to boost their funds. Plus, they provide exclusive high-yield savings opportunities through Raisin, perfect for anyone aiming to maximize their savings.
If you're still on the fence, try looking at more high-yield savings!
References
- ^ Mission Valley Bank. Personal Banking, Retrieved 11/20/2025
High Yield Savings Account - 3.86% APY
- $1 minimum deposit
- No fees
- 24/7 online access to funds
- FDIC insured
Bank of America Advantage Banking - Up to $500 Cash Offer
- The cash offer up to $500 is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 05/31/2026.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days.
Cash Bonus Total Qualifying Direct Deposits $100 $2,000 $300 $5,000 $500 $10,000+ - If all requirements are met 90 days after account opening, Bank of America will attempt to deposit your bonus into your new eligible account within 60 days.
- Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Additional terms and conditions apply. See offer page for more details.
- *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
- Bank of America, N.A. Member FDIC.
Chase Total Checking® - $400 Bonus
- New Chase checking customers can receive $400 when you open a Chase Total Checking® account and make direct deposits totaling $1,000 or more within 90 days of coupon enrollment.
- Unlock more offers with Chase. Get up to $500 per calendar year by referring friends and family. Plus, get cash back from top brands with Chase Offers when you use your debit card.
- Chase Total Checking® has a $15 monthly service fee, you can easily avoid the fee with direct deposits totaling $500 or more, or a minimum average daily balance each statement period.
- Chase Overdraft Assist℠ – no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
- Chase Mobile® app makes banking simple. Manage accounts, pay bills, send money to friends with Zelle® and deposit checks on the go with Chase Quick Deposit℠.
- Chase has the largest branch network in the U.S. with thousands of ATMs and branches. Use the Chase locator tool to find a branch or ATM near you.
- Chase helps keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock.
- Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law.
Wells Fargo Everyday Checking Account - $325 Bonus
- Get a $325 new checking customer bonus when you open an Everyday Checking account and receive $1,000 or more in qualifying direct deposits.
- Wells Fargo Bank, N.A.
Member FDIC
U.S. Bank Business Essentials - $400 Bonus
Promo code Q1AFL26 MUST be used when opening a U.S. Bank Business Essentials® or Platinum Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts.
To earn a business checking bonus, open a qualifying U.S. Bank business checking account between 1/15/2026 and 3/31/2026. Make the required deposit(s) in new money within 30 days of account opening, maintain the same required daily balance through the 60th day, and complete 6 qualifying transactions based on posted date within 60 days of account opening.
Business Essentials: $400 bonus with $5,000 new money deposits, daily balance, and 6 qualifying transactions.
Qualifying transactions include debit card purchases, ACH and wire credits or debits, Zelle credits or debits, U.S. Bank Mobile Check Deposit, electronic or paper checks, Bill Pay (excluding payments made by credit card), and payment received via U.S. Bank Payment Solutions. Other transactions, such as person-to-person payments, credit card transfers, or transfers between U.S. Bank accounts, are not eligible.
New money is defined as funds from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees may reduce the required daily balance during the qualifying period.
Bonus will be deposited into your new eligible U.S. Bank business checking account within 30 days after the month-end in which all offer requirements are met, provided the account remains open with a positive available balance.
Offer may not be combined with other business checking bonus offers. Existing businesses with a business checking account or had one closed within the past 12 months, do not qualify.
All regular account-opening procedures apply. For full checking account pricing, terms and policies, refer to your Business Pricing Information, Business Essentials Pricing Information, and YDAA disclosure. These documents are available at any U.S. Bank branch or by calling 800.872.2657.
Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice.
Member FDIC
Darlene Santos is a research analyst at CreditDonkey, a bank comparison and reviews website. Write to Darlene Santos at darlene.santos@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
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