Last Updated: 04/18/2025
Prime Alliance Bank Personal Savings Accounts
Unaffiliated
from Prime Alliance Bank
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
2.70%(Verified 06/21/2024)
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
N/A
Prime Alliance Bank Personal Savings Accounts Review
Prime Alliance Bank Personal Savings Accounts is offered by Prime Alliance Bank, a bank founded in 2004 and based in Woods Cross, UT. Prime Alliance Bank Saving Account are available in 50 states and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 2.70%, which is much higher than the average interest rate for a savings account.
- No minimum initial deposit. There is no minimum balance required to open an account online.
Prime Alliance Bank Saving Account Pros & Cons
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Prime Alliance Bank Saving Account FAQ
Are savings accounts from Prime Alliance Bank federally insured?
Yes, your Prime Alliance Bank savings accounts 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.
Does Prime Alliance Bank offer a signup bonus?
Prime Alliance Bank Saving Account doesn't offer a signup bonus.
What is the minimum initial deposit for Prime Alliance Bank Saving Account?
There is no minimum deposit to open a Prime Alliance Bank Saving Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Prime Alliance Bank Personal Savings Accounts offer?
Prime Alliance Bank Saving Account offers an APY of 2.70% (APY stands for annual percentage yield, rates may change). This is much higher than the average savings account rate.
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Prime Alliance Bank Saving Account charge?
Prime Alliance Bank Saving Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Prime Alliance Bank Saving Account offer?
This savings account includes the following features:
Can you set up a direct deposit to Prime Alliance Bank Saving Account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Prime Alliance Bank Saving Account?
The customer support email for Prime Alliance Bank Saving Account is info@primealliancebank.com.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
SundayClosedMonday8:30AM - 5:00PMTuesday8:30AM - 5:00PMWednesday8:30AM - 5:00PMThursday8:30AM - 5:00PMFriday8:30AM - 5:00PMSaturdayClosed
Other Services by Prime Alliance Bank
Money Market Accounts
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Prime Alliance Bank Personal Savings Accounts Community Reviews
Would you recommend Prime Alliance Bank Personal Savings Accounts to your friends?
LH
Lashane H.
Jan 25, 2023
May or may not recommend
I absolutely love the fact that there is zero money upfront to open the account as well as zero minimum balance required. The 2.70% isn't to bad either. I personally love the mobile deposit option. Did I mention that the customer service is amazing!
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
Do you value customer service and being treated like a person and not just an account number? Then you will defiantly appreciate what this bank has to offer. They have gone above and beyond to answer all of our questions and work diligently to make sure are savings account is safe and secure. Not to mention they have a keen eye for small business needs as well. I highly recommend ...Show More
JC
Jessica C.
Nov 9, 2022
May or may not recommend
Do you value customer service and being treated like a person and not just an account number? Then you will defiantly appreciate what this bank has to offer. They have gone above and beyond to answer all of our questions and work diligently to make sure are savings account is safe and secure. Not to mention they have a keen eye for small business needs as well. I highly ...Show More
Showing 3 of 3 reviews
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