Prime Alliance Bank: Savings Accounts & Rates

Savings rates updated: 8/15/2025

Mission statement: Banksparency aims to make Prime Alliance Bank's savings accounts transparent and comparable to those of other banks. Learn more about Banksparency.

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

We earn a commission if you open an account through some links on this page.

Savings Overview

Personal Savings: 4.05% APY(Rank 42 out of 81 tracked HYSAs)

Minimum Deposit: $0

National Savings Interest Rate: 0.38% (as of 7/21/2025)

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

Deposit Insurance: FDIC Cert # 57920

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% with no change from 30 days ago.
No minimum deposit or balance requirements.
No maintenance fees for the savings account.
High App Store rating of 5.0.

Considerations

Not BBB Accredited, indicating potential trust issues.
Only one branch location in Utah.
Google Play rating is lower at 3.8.
No direct deposit requirement may limit some features.

Summary: Prime Alliance Bank offers a high-yield Personal Savings account with a competitive APY of 4.05%. The account has no minimum deposit or balance requirements and no maintenance fees, making it accessible for savers. However, the bank is not BBB Accredited, which may raise concerns for some customers. Additionally, it has only one branch in Utah and a mixed app rating experience, which potential customers should consider.

Savings Account: In-Depth View

Savings Account Offered by Prime Alliance Bank

Feature	Personal Savings
APY	4.05% (as of 8/15/2025)
APY Trend	-0.10% QoQ
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
Sponsored Link
No deposit agreement summary available for this bank.

Calculate Savings for Prime Alliance Bank

All calculations are based on APY.

Savings Product:

Personal Savings (APY: 4.05%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,588.7 (10.19%)
Total contributions: $13,000 (83.39%)
Initial deposit: $1,000 (6.41%)

Your total balance

$15,588.70

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)	-2.4
Rate Changes / Mo	0.17
Days Since Last Change	69
High (-6 m)	4.15 %
Low (-6 m)	4.05 %
Draw-down from High	-2.4 %
Volatility (CV)	0.012

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 6 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 (-6 m): Highest APY in the last 179 days.
Low (-6 m): Lowest APY in the last 179 days.
Draw-down from High: How far today sits below the 6-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 8/15/2025)	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