Last Updated: 03/30/2026
Western Alliance Bank High-Yield CDs
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Last Updated: 03/30/2026
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Highlights
APY (Annual Percentage Yield)
3.00% - 3.40%(Verified 03/30/2026)
Minimum Opening Deposit
Starting at $1
Certificate Term
- 3 months
- 9 months
- 12 months
Western Alliance Bank High-Yield CDs Review
Western Alliance Bank High-Yield CDs are offered by Western Alliance Bancorporation, a bank founded in 1994 and based in Phoenix, AZ. Western Alliance Bank High-Yield CDs are available in 50 states and Washington, DC.
Key Takeaways
- Small selection of CD account types. Western Alliance Bank High-Yield CDs only offers bump up and traditional CDs.
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 3.40%, which is much higher than the national average for a CD account.
- Small minimum initial deposit. You only need $1 to open an account.
- Limited selection of CD terms. Western Alliance Bank High-Yield CDs only offers three CD terms. This limits your options when trying to set up a CD ladder.
Pros & Cons of Western Alliance Bank High-Yield CDs
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Western Alliance Bank High-Yield CDs FAQ
Are CD from Western Alliance federally insured?
Yes, your Western Alliance Bancorporation CDs are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What types of CDs does Western Alliance Bancorporation offer?
Western Alliance Bank High-Yield CDs provides the following types of CDs.- Traditional CDs. These CDs pay a fixed interest rate if you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or automatically renewing the CDs for another term.
- Bump-up CDs. Bump-up CDs allow you to increase the interest rate you earn on your savings if the going interest rates rise. These CDs are useful in a changing interest rate environment.
What rates does Western Alliance Bancorporation offer on its CDs?
Western Alliance Bank High-Yield CDs offers an APY starting at 3.00% and ranging up to 3.40%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding. This is higher than the typical interest rate for online-only checking accounts, which is around 1% APY.
What terms does Western Alliance Bank High-Yield CDs offer?
Western Alliance Bancorporation offers CD terms of the following lengths:| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Certificate Term |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3-Month APY | 3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 12-Month APY | 3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| APY (Annual Percentage Yield) | 3.00% - 3.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 6-Month APY | 3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 9-Month APY | 3.40% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 5-month APY | 3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 4-Month APY | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum deposit to open a CD account with Western Alliance Bancorporation?
Western Alliance Bank High-Yield CDs require a minimum deposit of $1 to open an account.
What is the grace period for Western Alliance Bank High-Yield CDs?
Western Alliance Bank High-Yield CDs does not specify what their grace period is. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the grace period. Note that the new CD rates probably won’t be the same as the original.
What types of fees, such as early withdrawal penalties, does Western Alliance Bancorporation charge?
Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the term ends.
Western Alliance Bancorporation charges an early withdrawal fee.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Hours of Operation
Sunday
Closed
Monday
6:00AM - 6:00PM
Tuesday
6:00AM - 6:00PM
Wednesday
6:00AM - 6:00PM
Thursday
6:00AM - 6:00PM
Friday
6:00AM - 6:00PM
Saturday
8:00AM - 2:00PM