Western Alliance Bank: Savings Accounts & Rates

Savings rates updated: 10/21/2025

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

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: 4.10% APY(Rank 28 out of 82 tracked HYSAs)

Minimum Deposit: $500 | Online Only

National Savings Interest Rate: 0.4% (as of 10/20/2025)

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 is 4.10%, competitive for high-yield accounts.
No maintenance fees, allowing for easy account management.
Minimum deposit requirement is only $500.
Available online-only, offering convenience.

Considerations

APY decreased from 4.20% in the last 30 days.
Low App Store rating of 1.4 may indicate user dissatisfaction.
Google Play rating of 2.4 suggests potential issues.
Only 2 branch locations may limit in-person support.

Summary: Western Alliance Bank offers a competitive APY of 4.10% for its High-Yield Savings Premier account, with no maintenance fees and a minimum deposit of $500. However, the APY has decreased from 4.20% in the past month. User ratings on both the App Store and Google Play are low, indicating potential service issues. Additionally, the bank has only two branch locations, which may be a drawback for those seeking in-person assistance.

Savings Account: In-Depth View

Savings Account Offered by Western Alliance Bank

Feature	High-Yield Savings Premier
APY	4.10% (as of 10/21/2025)
APY Trend	-0.10% MoM/-0.15% QoQ
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: 4.10%)

Initial Deposit:

Recurring Deposit Amount:

Deposit Frequency:

Duration:

Total savings breakdown:

Interest earned: $1,609.3 (10.31%)
Total contributions: $13,000 (83.28%)
Initial deposit: $1,000 (6.41%)

Your total balance

$15,609.30

Effective APY: 4.10% (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	4.10 %
Trend	Sideways
Slope (bps/mo)	-1.5
Rate Changes / Mo	0.98
Days Since Last Change	21
High (-10 m)	4.46 %
Low (-10 m)	4.10 %
Draw-down from High	-8.1 %
Volatility (CV)	0.015

APY Insights Glossary

Latest APY: Most recent advertised annual-percentage yield.
Trend: Direction over the last 10 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 (-10 m): Highest APY in the last 307 days.
Low (-10 m): Lowest APY in the last 307 days.
Draw-down from High: How far today sits below the 10-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

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Feature	Western Alliance Bank	Select a bank...
Product	High-Yield Savings Premier	N/A
APY	4.10% (as of 10/21/2025)	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

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Eligible States: Limited (see details)