Western Alliance Bank

Last Updated: 6/20/2025

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

Quick 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

FeatureHigh-Yield Savings Premier
APY
4.30% (as of 6/20/2025)
APY TrendStable for the last month
Minimum Deposit$500
Minimum Balance for APY$0
FDIC-insured
Yes
Online OnlyYes
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 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

MetricHigh-Yield Savings Premier
Latest APY4.30 %
TrendSideways
Slope (bps/mo)-1.3
Rate Changes / Mo0.81
Days Since Last Change51
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.

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 - 3.60% APY
  • Axos Bank - 4.66% APY
  • Bank5 Connect - 4.05% APY
  • Bank of America - 0.01% APY
  • Barclays - 3.90-4.10% APY
  • Bask Bank - 4.20% APY
  • Betterment - 4.00% APY
  • BMO Alto - 3.60% APY
  • Bread Savings - 4.30% APY
  • BrioDirect - 4.30% APY
  • Capital One - 3.60% 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 - 4.11% APY
  • CIT Bank - 0.25-4.00% APY
  • Citibank - 3.60% APY
  • Citizens Access™ - 3.70% APY
  • Colorado Federal Savings Bank - 4.25% APY
  • ConnectOne Bank - 4.00% APY
  • Customers Bank - 4.23% APY
  • Discover Bank - 3.60% 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 - 5.00% APY
  • Flagstar Bank - 4.00% APY
  • Forbright Bank - 4.25% APY
  • FVCbank - 4.35% APY
  • High Plains Bank - 0.23-3.82% APY
  • Jenius Bank - 4.20% APY
  • LendingClub - 3.40-4.40% APY
  • Live Oak Bank - 4.10% 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 - 4.30% APY
  • Peak Bank - 4.44% APY
  • Pibank - 4.60% APY
  • PNC - 3.95% APY
  • Poppy Bank - 4.25% APY
  • Popular Direct - 4.05% APY
  • Presidential Bank - 4.00-4.50% APY
  • Prime Alliance Bank - 4.05% APY
  • Primis Bank - 4.35% APY
  • Quontic Bank - 3.85% APY
  • RBMAX - 4.15% APY
  • Rising Bank - 4.30% APY
  • ROGER - 4.65% 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 - 4.26% APY
  • TD Bank - 0.05-3.00% APY
  • The State Exchange Bank - 1.90% APY
  • TIMBR - 4.40% APY
  • UFB Direct - 4.01-4.21% APY
  • Upgrade - 4.02% APY
  • Valley Direct - 4.20% APY
  • Varo Bank - 2.50-5.00% APY
  • Zynlo Bank - 4.35% APY
FeatureWestern Alliance BankSelect a bank...
ProductHigh-Yield Savings PremierN/A
APY
4.30% (as of 6/20/2025)N/A
Bundled Account
NoN/A
FDIC-insured
YesN/A
Online OnlyYesN/A
Compound Frequency
MonthlyN/A
Minimum Deposit$500N/A
Minimum Balance for APY$0N/A
Maintenance Fee$0N/A
Direct Deposit Required
NoN/A