Western Alliance Bank High-Yield Savings
High-Yield Savings Account
4.1
Up to $1,000 Welcome Bonus
Regional Bank
Account Images
Account Overview
4.30% APY
Annual Percentage Yield
Minimum Deposit$1
Monthly FeeNo Fee
Welcome BonusUp to $1000
FDIC Insured
Yes
About This Account
Western Alliance Bank offers a competitive high-yield savings account with the backing of an established regional bank. They combine competitive online rates with the stability and trust of a traditional banking institution.
Key Highlights
- Strong 4.30% APY
- Up to $1,000 welcome bonus
- Established regional bank with physical locations
- Very low $1 minimum deposit
- No monthly fees
Pros
- Competitive APY of 4.30%
- Up to $1,000 welcome bonus
- Extremely low minimum deposit
- No monthly maintenance fees
- FDIC insured
- Established bank with physical presence
- Good online and mobile banking
Cons
- Limited nationwide physical presence
- Fewer digital features than fintech banks
- Customer service hours not 24/7
- May have lower name recognition
Features & Benefits
Earn up to 4.30% APY
Up to $1,000 welcome bonus
Very low minimum opening deposit
No monthly maintenance fees
FDIC insured up to $250,000
Online and mobile banking
Established regional bank
Customer Reviews(15 reviews)
4.1
"With a jaw-dropping 4.30% APY, Western Alliance Bank High-Yield Savings Premier delivers the kind of returns you simply can't ignore."
Motley Fool
2025"This account is a great choice for set-and-forget banking -- you can park your cash here, forget about it, and watch it grow."
Motley Fool
2025"Rest assured that Western Alliance Bank is safe, as it's FDIC insured up to $250,000 per depositor. With fraud protection, SSL encryption, and automatic logouts, this account offers a reliable place to stash your savings."
Motley Fool
2025Quick Facts
Account TypeHigh-Yield Savings Account
Min. Opening Deposit$1
Monthly Maintenance FeeNone
FDIC InsuredYes
Customer Rating4.1/5