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By Danny Nguyen Last updated:
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Western Alliance Bank currently offers highly competitive interest bearing savings products for those looking to grow their money – whether it be a savings account or CD account. In addition, business owners of any size can benefit from their business solutions.
See our review on their top products:
- Western Alliance Bank High-Yield Savings Premier Review
- Western Alliance Bank CD Rates Review
Table of Contents
Western Alliance Bank High-Yield Savings Premier
One the the most prominent accounts is their high yield savings account. Offering a highly competitive APY with no account activity or maintenance fees on the account. Learn More at Western Alliance Bank
In addition, there are no withdrawal limits – unlike traditional savings accounts (where the limit is typically 6).
Apply Now at Western Alliance Bank
(FDIC Insured)
How To Open A Western Alliance Bank High-Yield Savings Account
- Open a new accountwith a minimum opening deposit of $500.
- Fill out your personal information – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account/transfer funds – Link an account. Transfer funds electronically from an internal account here or an external account at another bank.
Why You Should Sign Up For This Account
- Earn 5.36% APYrate for all balances.
- FDIC insured
- Open your account online in five minutes or less
- No account activity or maintenance fees
- Enhanced security by connecting one external account where money can be moved to and from
- Open with $500 minimum deposit
| Western Alliance Bank High-Yield Savings Premier (5.36% APY) | SoFi Checking & Savings ($325 Bonus + 4.60% APY) |
| Upgrade Premier Savings ($200 Bonus + 5.21% APY) | Barclays Online Savings ($200 Bonus + 4.35% APY) |
| RBMAX High Yield Savings (5.20% APY) | Customers Bank High Yield Savings (5.16% APY) |
| Ponce Bank Money Market (5.24% APY) | Harborstone Credit Union Money Market (5.25% APY) |
| CloudBank 24/7 High Yield Savings (5.26% APY) | CIT Bank Platinum Savings (5.05% APY) |
Western Alliance Bank CD Rates
Western Alliance Bank offers several times with highly competitive rates. You will only need $10 minimum to open an account powered by Raisin.
Raisin is an online platform that’s partnered with over 40 federally insured US banks and credit unions. They provide savings products like high-yield savings accounts and CDs. You can open multiple accounts and manage them all through Raisin.
| Term | APY Rate | Minimum Deposit |
| 3-Month CD | 5.26% | $1 |
| 5-Month CD | 5.30% | $1 |
| 6-Month CD | 5.23% | $1 |
| 9-Month CD | 5.15% | $1 |
| 12-Month CD | 5.05% | $1 |
How To Open A Western Alliance CD Account
- Select one of the Western Alliance CDs / terms above.
- Create an account on Raisin with your info (name, email, address, phone number, Social Security number, etc.)
- Link an external account and fund your CD with a $1 minimum deposit.
Account Features
- Excellent rates with NO fees.
- FDIC insured. $1 minimum deposit. 24/7 online access.
- Special opportunity for consumers to save with the nation’s top commercial bank.
| Alliant Credit Union 12-Month Certificate(5.20% APY) | Technology Credit Union 5-Month No-Penalty CD(5.15% APY) |
| Western Alliance Bank 3-Month CD(5.26% APY) | Western Alliance Bank 12-Month CD(5.05% APY) |
| Ponce Bank 3-Month CD(5.25% APY) | Rising Bank 6-Month CD(5.31% APY) |
| SkyOne Federal Credit Union 5-Month CD(5.00% APY) | Rising Bank 12-Month CD(5.26% APY) |
| Sun Canyon Bank 5-Month CD(5.04% APY) | Blue Federal Credit Union 9-Month No Penalty CD(5.10% APY) |
| Nelnet Bank 12-Month CD(4.86% APY) | Sun Canyon Bank 11-Month CD(4.94% APY) |
| Quontic Bank 6-Month CD(5.05% APY) | Nelnet Bank 24-Month CD(4.27% APY) |
| Lemmata Savings Bank 9-Month CD(5.05% APY) | |
Is My Money Safe at Western Alliance Bank?
Yes, your funds areFDIC-insured up to the standard federal limit.
Even though CD accounts are powered through Raisin, if Raisin fails, you’ll still have FDIC coverage. Your money will simply be returned to your externally linked bank account.
Western Alliance Bank, Member FDIC, ranks high among the best commercial banks in the US. They are the primary subsidiary of Western Alliance Bancorporation, which has over $70 billion in assets and is one of the country’s top-performing banking companies.
Western Alliance Bank was ranked as a top U.S. bank by American Banker and Bank Director in 2022 and 2023,
Who Is Western Alliance Bank Best For?
If you’re looking to earn a highly competitive rate and grow your savings, then you’re the perfect candidate! You’ll earn one of the highest rates and watch your money grow!
Depositing & Withdrawing Funds
To deposit:You’ll need to link this account to an existing checking or savings account from another bank / institution. From there, you can transfer money into your account to fund it.
To withdraw:Like above, you can transfer funds out into your linked external account. You won’t have access to an ATM card, so to withdraw, you’ll need to do an electronic bank transfer.
More Western Alliance Bank Offers
Western Alliance Bank offers more than just interest bearing accounts, you can reap the benefits of multiple business and corporate solutions like:
- Business Savings Account
- Business Checking
- Business Interest Checking
- Business Advantage Checking
- Analyzed Business Checking
These products offers services to all businesses regardless of size – small businesses to large corporations.
| Chase Business Checking ($300 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| U.S. Bank Business Checking ($350 or $800 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
| Axos Bank Business Interest Checking ($400 Bonus) | Huntington Unlimited Plus Business Checking ($1,000 Bonus) |
| Huntington Unlimited Business Checking ($400 Bonus) | Huntington Business Checking 100 ($200 Bonus) |
| Live Oak Bank Business Savings($300 Bonus) | |
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Bottom Line
If you’re looking for a great option for your savings or business, Western Alliance Bank is a terrific option! TheirHigh-Yield Savings Premier and CD accounts offer highly competitive APYs to grow your funds – and whether you have a small business or large corporation, their business solutions has something for every scope.
For more options, see our list of:
- Best Bank Bonuses
- Best Bank Rates
- Best Business Bank Rates
- Best CD Rates
- Best No Penalty CD Rates
- Best Credit Card Promotions
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