Western Alliance Bank High Yield Savings

Key Takeaways

• Earn up to $1,500 in cash bonuses. Start your savings journey this January with promo code HEADSTART — available for new customers only.
• High yield savings. This account offers an annual percentage yield of up to 3.8%, which is much higher than the average interest rate for a savings account.
• Small minimum initial deposit. You only need $1 to open an account.

Western Alliance Bank savings Pros & Cons

Western Alliance Bank savings FAQ

Are savings accounts from Western Alliance federally insured?

Does Western Alliance Bancorporation offer a signup bonus?

What is the minimum initial deposit for Western Alliance Bank savings?

The minimum deposit to open a Western Alliance Bank savings is $1.

What APY does Western Alliance Bank High Yield Savings offer?

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 Western Alliance Bank savings charge?

Can you set up a direct deposit to Western Alliance Bank savings?

What is the customer support email for Western Alliance Bank savings?