Prime Alliance Bank
Last Updated: 6/20/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick 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
| Feature | Personal 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 Only | No |
| Bundled Account | No |
| Direct Deposit Required | No |
| Compound Frequency | Monthly |
| Maintenance Fee | $0 |
| Eligibility | United 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
| Metric | Personal Savings |
|---|---|
| Latest APY | 4.05 % |
| Trend | Sideways |
| Slope (bps/mo) | -1.4 |
| Rate Changes / Mo | 0.25 |
| Days Since Last Change | 12 |
| 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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| Feature | Prime Alliance Bank | Select a bank... |
|---|---|---|
| Product | Personal Savings | N/A |
| APY | 4.05% (as of 6/20/2025) | N/A |
| Bundled Account | No | N/A |
| FDIC-insured | Yes | N/A |
| Online Only | No | N/A |
| Compound Frequency | Monthly | N/A |
| Minimum Deposit | $0 | N/A |
| Minimum Balance for APY | $0 | N/A |
| Maintenance Fee | $0 | N/A |
| Direct Deposit Required | No | N/A |