Fed Funds: 5.33%30Y FRM: 6.84%10Y Treasury: 4.42%Avg CC APR: 21.47%SOFR: 5.31%Prime Rate: 8.50%BTC: —
Fed Funds: 5.33%30Y FRM: 6.84%10Y Treasury: 4.42%Avg CC APR: 21.47%SOFR: 5.31%Prime Rate: 8.50%BTC: —
Big Bank Yield

Western Alliance Review

Western Alliance pays 4.50% APY on this savings product as of July 2026. Your deposits are FDIC-insured up to $250,000.

Reviewed June 14, 2026By BankCheap ResearchVerified data sources →
APY
4.50%
Visit lender →
Current APY
4.50%
Minimum deposit
$1
Monthly fee
None
Insurance
FDIC-insured
Product type
SAVINGS

Overview

Western Alliance offers a high-yield savings account currently paying 4.50% APY. Via Raisin or direct..

Deposits at Western Alliance are insured by the FDIC (or NCUA for credit unions) up to $250,000 per depositor, per ownership category. This is the same federal protection offered by traditional brick-and-mortar banks.

Compare Western Alliance against other top picks below to make sure you're getting the best yield for your situation as of July 2026.

Pros

  • +Competitive 4.50% APY
  • +Federally insured deposits
  • +No monthly maintenance fee

Cons

  • −Requires $1 minimum deposit
  • −APY is variable and not guaranteed
  • −Online-only experience

How it compares

BrioDirect
APY
5.30%
My Banking Direct
APY
5.05%
Varo Bank
APY
5.00%

How we review

We review savings & cds using verified rate data and lender disclosures. Rankings prioritize rate, fees, terms, and institutional safety — not affiliate payout. Read the full methodology.