Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Western Alliance Bank Review

Your Details Done
by Updated
Western Alliance Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Western Alliance Bank started in 2003 with headquarters in Phoenix, Arizona. Western Alliance Bank owns $20 billion in assets as well as deposits totaling $17 billion, which makes it a very large bank. Western Alliance Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. With a score of 3.5 out of 5 stars, Western Alliance Bank should be more closely analyzed to see if its services match your needs. Western Alliance Bank has a mixture of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. Locating a checking account with no monthly fee and a savings account with a high APY at the same bank is the best bet for gaining the most income on your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

Western Alliance Bank features a savings rate of 0.10%, which is fair compared to other U.S. banks. Western Alliance Bank's one-year and five-year term lengths CDs earn at a rate of 0.95% and 1.56%, respectively, while its highest-yielding money market account has an APY of 0.40%. Given Western Alliance Bank's below average savings rate, you should consider looking elsewhere to open savings accounts.

How Western Alliance Bank's Savings Rates Compare

Western Alliance Bank Savings 0.10 National Average 0.26 Compare Offers
Back to Overview


SmartAsset Average: 4.4

There is insufficient data on Western Alliance Bank's fees to provide a full SmartAsset rating.

Monthly Fee N/A National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
Back to Overview

Service Quality

SmartAsset Average: 3.7

Western Alliance Bank is a brick-and-mortar bank, with 39 total bank locations in Arizona, California and Nevada. With mobile and web apps, Western Alliance Bank makes account access straightforward, even on the go. You can utilize Western Alliance Bank's app to control your funds by looking at monthly statements, sending and receiving funds and accessing customer service. Western Alliance Bank receives an outstanding consumer satisfaction score due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

SmartAsset Average: 4.8

Western Alliance Bank is a very large bank and owns assets totaling $20 billion and $17 billion in deposits. Its Texas Ratio is 2.41%, suggesting that the bank is in excellent financial well-being and improbable to fail. Additionally, Western Alliance Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Back to Overview

Compare Western Alliance Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $100
Checking Account 0.1% APY $1
Certificates of Deposit
  • 12 Month: 0.95% APY
  • 24 Month: 1.26% APY
  • 36 Month: 1.36% APY
  • 48 Month: 1.46% APY
  • 60 Month: 1.56% APY
$1 for all terms
Money Market Account 0.4% APY $10000

Western Alliance Bank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Western Alliance Bank does not have the best savings rate, which means you should think about other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Western Alliance Bank's CD rates are fair compared to other U.S. banks.

Back to Overview

Find a Western Alliance Bank Near Me

Western Alliance Bank has 39 branches in the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure