Western Alliance Bank

Last Updated: 7/18/2025

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

Quick Views

High-Yield Savings Premier: 4.25% APY(Rank 25 out of 77 tracked HYSAs)

Minimum Deposit: $500 | Online Only

National Savings Interest Rate: 0.38% (as of 6/16/2025)

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 a competitive APY of 4.25%.
No maintenance fees associated with the account.
Minimum deposit requirement is only $500.
Account has no minimum balance requirement.

Considerations

APY decreased from 4.30% in the last 30 days.
Only 2 branch locations in Arizona and Ohio.
App Store rating is low at 1.4.
Google Play rating is also low at 2.4.

Summary: Western Alliance Bank offers a High-Yield Savings Premier account with a 4.25% APY and no maintenance fees. However, the APY has decreased slightly from 4.30% in the past month. The bank has limited physical presence with only 2 branches and low app ratings, which may deter some users. With a minimum deposit of $500 and no minimum balance requirement, it caters to savers looking for competitive rates.

Savings Account

Savings Account Offered by Western Alliance Bank

Feature	High-Yield Savings Premier
APY	4.25% (as of 7/18/2025)
APY Trend	-0.05% MoM
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.

Savings Product:

High-Yield Savings Premier (APY: 4.25%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $42.5 (4.08%)
Total contributions: $0 (0.00%)
Initial deposit: $1,000 (95.92%)

Your total balance

$1,042.50

Effective APY: 4.25% (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	4.25 %
Trend	Sideways
Slope (bps/mo)	-1.2
Rate Changes / Mo	0.85
Days Since Last Change	17
High (-7 m)	4.46 %
Low (-7 m)	4.25 %
Draw-down from High	-4.7 %
Volatility (CV)	0.010

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 7 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 (-7 m): Highest APY in the last 213 days.
Low (-7 m): Lowest APY in the last 213 days.
Draw-down from High: How far today sits below the 7-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	4.25% (as of 7/18/2025)	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