Western Alliance Bank
Last Updated: 6/20/2025
Note: Interest rates below are reported as APY, or Annual Percentage YieldQuick Views
High-Yield Savings Premier: 4.30% APY(Rank 22 out of 74 tracked HYSAs)
Minimum Deposit: $500 | Online Only
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: 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
App Store Rating: 1.4/5
Google Play Rating: 2.4/5
Website: Visit Western Alliance Bank
Our Take on Western Alliance Bank
Highlights
- High-Yield Savings Premier offers an APY of 4.30%
- No maintenance fees for the High-Yield Savings Premier account
- No minimum balance requirement for High-Yield Savings Premier
- Available online only, providing easy access
Considerations
- App Store rating is low at 1.4
- Google Play rating is low at 2.4
- Limited to 2 branch locations in Arizona and Ohio
- No BBB rating available
Summary: Western Alliance Bank offers a competitive High-Yield Savings Premier account with a 4.30% APY and no maintenance fees. However, it has low ratings on both the App Store (1.4) and Google Play (2.4), which may concern potential customers. With only two branch locations in Arizona and Ohio, the bank primarily serves online customers. The absence of a BBB rating also raises questions about its trustworthiness.
Savings Account
Savings Account Offered by Western Alliance Bank
| Feature | High-Yield Savings Premier |
|---|---|
| APY | 4.30% (as of 6/20/2025) |
| APY Trend | Stable for the last month |
| 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 |
No deposit agreement summary available for this bank. | |
Calculate Savings for Western Alliance Bank
All calculations are based on APY.
High-Yield Savings Premier (APY: 4.30%)
Deposit Frequency:
Total savings breakdown:
- Interest earned: $22 (4.21%)
- Total contributions: $0 (0.00%)
- Initial deposit: $500 (95.79%)
Your total balance
$522.00
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) | -1.3 |
| Rate Changes / Mo | 0.81 |
| Days Since Last Change | 51 |
| High (-6 m) | 4.46 % |
| Low (-6 m) | 4.25 % |
| Draw-down from High | -3.6 % |
| Volatility (CV) | 0.010 |
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 186 days.
- Low (-6 m)
- Lowest APY in the last 186 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.
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| Feature | Western Alliance Bank | Select a bank... |
|---|---|---|
| Product | High-Yield Savings Premier | N/A |
| APY | 4.30% (as of 6/20/2025) | 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 |