Prime Alliance Bank

Last Updated: 6/20/2025

Note: Interest rates below are reported as APY, or Annual Percentage Yield

Quick Views

Personal Savings: 4.05% APY(Rank 41 out of 74 tracked HYSAs)

Minimum Deposit: $0

National Savings Interest Rate: 0.42% (as of 5/19/2025)

Note: The FDIC tracks savings and CD rates nationally, but it does not report APY, only the average interest rate.

(Source: FDIC)

Bank Overview

Location: Woods Cross, Utah

Founded: 2004

Access to Branches: One location in Utah

BBB Rating: Not Rated (Not BBB Accredited)

App Store Rating: 5.0/5

Google Play Rating: 3.8/5

Website: Visit Prime Alliance Bank

Our Take on Prime Alliance Bank

Highlights

  • Current APY of 4.05%, slightly down from 4.15% 30 days ago.
  • No minimum deposit or balance requirements.
  • No maintenance fees on the Personal Savings account.
  • 5.0 App Store rating indicates high customer satisfaction.

Considerations

  • Only one branch located in Utah.
  • Not BBB Accredited, indicating potential trust issues.
  • Google Play rating of 3.8 suggests mixed user experiences.
  • No direct deposit requirement may limit account features.
Summary: Prime Alliance Bank offers a competitive APY of 4.05% on its Personal Savings account, with no fees or minimums, appealing to savers. However, it lacks BBB accreditation, which may raise concerns for some customers. The bank operates only one branch in Utah, and while the App Store rating is high at 5.0, the Google Play rating is lower at 3.8. Overall, it presents a mixed bag for potential savers.

Savings Account

Savings Account Offered by Prime Alliance Bank

FeaturePersonal Savings
APY
4.05% (as of 6/20/2025)
APY Trend-0.10% MoM
Minimum Deposit$0
Minimum Balance for APY$0
FDIC-insured
Yes
Online OnlyNo
Bundled Account
No
Direct Deposit Required
No
Compound Frequency
Monthly
Maintenance Fee$0
EligibilityUnited States

No deposit agreement summary available for this bank.

Calculate Savings for Prime Alliance Bank

All calculations are based on APY.

Personal Savings (APY: 4.05%)

Deposit Frequency:

Total savings breakdown:

  • Interest earned: $4 (3.85%)
  • Total contributions: $0 (0.00%)
  • Initial deposit: $100 (96.15%)

Your total balance

$104.00

Effective APY: 4.05% (based on your deposit and contributions)

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Prime Alliance Bank Savings Rates Over Time

Historical APY Insights

MetricPersonal Savings
Latest APY4.05 %
TrendSideways
Slope (bps/mo)-1.4
Rate Changes / Mo0.25
Days Since Last Change12
High (-4 m)4.15 %
Low (-4 m)4.05 %
Draw-down from High-2.4 %
Volatility (CV)0.007
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 4 months (regression slope).
Slope (bps/mo)
Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo
Typical number of APY moves per month.
Days Since Last Change
Recency of the latest APY adjustment.
High (-4 m)
Highest APY in the last 122 days.
Low (-4 m)
Lowest APY in the last 122 days.
Draw-down from High
How far today sits below the 4-month peak.
Volatility (CV)
Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
  • See how quickly a bank reacts to Fed moves or competition.
  • Gauge “twitchiness” - frequent moves can annoy savers.
  • Spot if you're buying near a peak (draw-down) or riding a rise.
  • Slope (bps/mo) shows speed of change.
  • Volatility (CV) scales jumps by average level.

Compare Prime Alliance Bank's Savings Account

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  • Neighbors Bank - 4.60% APY
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  • Salem Five Direct - 4.01% APY
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  • SoFi Bank - 3.80% APY
  • Synchrony Bank - 3.80% APY
  • TAB Bank - 4.26% APY
  • TD Bank - 0.05-3.00% APY
  • The State Exchange Bank - 1.90% APY
  • TIMBR - 4.40% APY
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  • Valley Direct - 4.20% APY
  • Varo Bank - 2.50-5.00% APY
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FeaturePrime Alliance BankSelect a bank...
ProductPersonal SavingsN/A
APY
4.05% (as of 6/20/2025)N/A
Bundled Account
NoN/A
FDIC-insured
YesN/A
Online OnlyNoN/A
Compound Frequency
MonthlyN/A
Minimum Deposit$0N/A
Minimum Balance for APY$0N/A
Maintenance Fee$0N/A
Direct Deposit Required
NoN/A