Western Alliance Bank

5.22% Current APY

Historical APY

Details

Western Alliance Bank's high yield savings account offers a competitive APY and no monthly maintenance fees. It provides unlimited transfers between WA Bank accounts, mobile and online banking, and 24/7 customer support. The account is FDIC insured up to $250,000. Interest rates are tiered based on balance levels, with the highest balance earning the highest interest rate.

Pros

High-yield interest rate compared to traditional savings accounts
No monthly maintenance fees
Tiered interest rates based on balance level
Mobile app and online banking accessible
Insured up to $250,000 by the FDIC
24/7 customer support available
Easily transfer funds between linked accounts
Competitive APY (Annual Percentage Yield)
Ability to open multiple high yield savings accounts
Flexible deposit and withdrawal options

Cons

Limited branch access, as it is primarily an online bank
Higher minimum balance required for highest interest rate tier
Withdrawals over the monthly limit may incur fees
May not offer competitive rates compared to other high yield savings accounts over time
Interest rate subject to change at any time

Western Alliance Bank

Historical APY

Details

Pros

Cons

FAQs

Is there a minimum balance requirement to open an account?

How often does the interest rate change?

Can I withdraw money from this account without fee?

How secure is my money in this account?

How do I make deposits to the account?

Is there a limit to the number of high yield savings accounts I can open?

How do I contact customer support?

Can I link other Western Alliance Bank accounts to this high yield savings account?

How long does it take for funds to be deposited into my high yield savings account?

What happens if I exceed the monthly withdrawal limit?