Western Alliance Bank: Savings Accounts & Rates

Savings rates updated: 9/3/2025

Mission statement: Banksparency aims to make Western 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

High-Yield Savings Premier: 4.30% APY(Rank 20 of the 20 Best Savings Rates)

Minimum Deposit: $500 | Online Only

National Savings Interest Rate: 0.39% (as of 8/26/2025)

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: Phoenix, Arizona

Founded: 1994

Affiliation: Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation (NYSE:WAL)

Access to Branches: 2 locations in Arizona and Ohio

Deposit Insurance: FDIC Cert # 57512

App Store Rating: 1.4/5

Google Play Rating: 2.4/5

Website: Visit Western Alliance Bank

Our Take on Western Alliance Bank

Highlights

Current APY of 4.30%, unchanged from 30 days ago.
No maintenance fees for the High-Yield Savings Premier account.
Requires only a $500 minimum deposit to open an account.
Available online only, offering convenience for digital users.

Considerations

Low App Store rating of 1.4 may indicate user dissatisfaction.
Google Play rating is also low at 2.4.
Only 2 branch locations in Arizona and Ohio limit in-person service.
No BBB rating available, raising trust concerns.

Summary: Western Alliance Bank offers a competitive APY of 4.30% for its High-Yield Savings Premier account, with no maintenance fees and a low minimum deposit of $500. However, the bank has low ratings on both the App Store and Google Play, which may deter potential customers. Additionally, with only 2 branches in Arizona and Ohio, access to in-person banking is limited. The lack of a BBB rating could also raise trust issues for savers.

Savings Account: In-Depth View

Savings Account Offered by Western Alliance Bank

Feature	High-Yield Savings Premier
APY	4.30% (as of 9/3/2025)
APY Trend	Stable for the last quarter
Minimum Deposit	$500
Minimum Balance for APY	$0
FDIC-insured	Yes
Online Only	Yes
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 Western Alliance Bank

All calculations are based on APY.

Savings Product:

High-Yield Savings Premier (APY: 4.30%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,692.2 (10.78%)
Total contributions: $13,000 (82.84%)
Initial deposit: $1,000 (6.37%)

Your total balance

$15,692.20

Effective APY: 4.30% (based on your deposit and contributions)

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

Western Alliance Bank Savings Rates Over Time

Historical APY Insights

Metric	High-Yield Savings Premier
Latest APY	4.30 %
Trend	Sideways
Slope (bps/mo)	-0.7
Rate Changes / Mo	0.81
Days Since Last Change	36
High (-9 m)	4.46 %
Low (-9 m)	4.25 %
Draw-down from High	-3.6 %
Volatility (CV)	0.009

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 9 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 (-9 m): Highest APY in the last 260 days.
Low (-9 m): Lowest APY in the last 260 days.
Draw-down from High: How far today sits below the 9-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 Western Alliance Bank's Savings Account

Affirm - 3.85% APY
All America Bank - 1.50-3.25% APY
Ally Bank - 3.50% APY
Amalgamated Bank - 2.25% APY
American Express - 3.50% APY
Ameriprise Bank - 3.15-3.15% APY
Axos Bank - 4.46% APY
Bank5 Connect - 4.05% APY
Bank of America - 0.01% APY
Barclays - 3.90-4.10% APY
Bask Bank - 4.15% APY
Betterment - 4.00% APY
BMO Alto - 3.50% APY
Bread Savings - 4.25% APY
BrioDirect - 4.30% APY
Capital One - 3.50% APY
Carver Bank - 4.00% APY
Charles Schwab Bank - 0.15% APY
Chase Bank - 0.01% APY
Chime - 1.25-3.75% APY
CIBC Bank USA - 4.02% APY
CIT Bank - 0.25-4.00% APY
Citibank - 3.50% APY
Citizens Access™ - 3.50% APY
Colorado Federal Savings Bank - 4.15% APY
ConnectOne Bank - 3.75% APY
Customers Bank - 4.23% APY
Discover Bank - 3.50% APY
Elevault - 4.60% APY
E*TRADE from Morgan Stanley - 4.00% APY
EverBank - 4.30% APY
Evergreen Bank Group - 4.25% APY
First Foundation Bank - 4.25% APY
Fitness Bank - 4.75% APY
Flagstar Bank - 4.00% APY
FNBO Direct - 3.25% APY
Forbright Bank - 4.25% APY
FVCbank - 4.35% APY
GO2bank - 4.50% APY
High Plains Bank - 0.23-3.82% APY
Jenius Bank - 4.20% APY
LendingClub - 3.20-4.20% APY
Live Oak Bank - 4.00% APY
Marcus by Goldman Sachs - 3.65% APY
My Banking Direct - 4.30% APY
MySavingsDirect - 3.75% APY
Neighbors Bank - 4.60% APY
Newtek Bank - 4.35% APY
OMB Bank - 1.00% APY
Openbank - 4.20% APY
Peak Bank - 4.35% APY
Pibank - 4.60% APY
PNC - 3.95% APY
Poppy Bank - 4.25% APY
Popular Direct - 4.10% APY
Presidential Bank - 4.00-4.50% APY
Prime Alliance Bank - 4.05% APY
Primis Bank - 4.20% APY
Quontic Bank - 3.75% APY
RBMAX - 4.15% APY
Rising Bank - 4.30% APY
ROGER - 4.12% APY
Salem Five Direct - 4.01% APY
Sallie Mae Bank - 3.90% APY
Santander Bank - 0.03% APY
SoFi Bank - 3.80% APY
Synchrony Bank - 3.80% APY
TAB Bank - 4.15% APY
TD Bank - 0.05-3.00% APY
The State Exchange Bank - 4.25% APY
TIMBR - 4.40% APY
UFB Direct - 4.01-4.21% APY
Upgrade - 4.02% APY
Valley Direct - 4.30% APY
Varo Bank - 2.50-5.00% APY
Wells Fargo - 0.05-2.51% APY
Zynlo Bank - 4.35% APY

Feature	Western Alliance Bank	Select a bank...
Product	High-Yield Savings Premier	N/A
APY	4.30% (as of 9/3/2025)	N/A
Bundled Account	No	N/A
FDIC-insured	Yes	N/A
Online Only	Yes	N/A
Compound Frequency	Monthly	N/A
Minimum Deposit	$500	N/A
Minimum Balance for APY	$0	N/A
Maintenance Fee	$0	N/A
Direct Deposit Required	No	N/A