Available nationwide, the Western Alliance Bank High-Yield Savings account is offering 4.25% APY rate for all balances powered by Raisin..
Western Alliance Bank High-Yield Savings
Update 4/18/25:
- For a limited time only, you can earn up to a $500 bonus. The more you deposit, the more you can earn: $75 for deposits totaling $10,000, $250 for deposits totaling $25,000; or $500 for deposits totaling $50,000 or more within 14 days of your first deposit. Offer ends June 30, 2025 with code BOOST at sign-up..
- For a limited time only, you can earn a $250 bonus when you deposit $25,000 or more with code GET250 at sign-up.
Terms:
- Up to $500 bonus: New customers only. Earn a cash bonus when you deposit and maintain funds with partner banks on the Raisin platform. Customers will receive $75 for depositing between $10,000 and $24,499, $250 for depositing between $25,000 and $49,999, and $500 for depositing $50,000 or more. To qualify for the bonus, your first deposit must be initiated by June 30, 2025, by 11:59 PM ET, and the promo code BOOST must be entered at the time of sign-up. Only funds deposited within 14 days of the initial deposit date and maintained with partner banks on the Raisin platform for 90 days will be eligible for this bonus. Bonus cash will be deposited by Raisin into the customer’s linked external bank account within 30 days of meeting all qualifying terms. This offer is available to new customers only and may not be combined with any other bonus offers. Raisin reserves the right to modify or terminate this offer at any time.
- $250 bonus: New customers only. Earn $250 for a minimum of $25,000 deposited on the Raisin platform within 14 days of your first deposit date and maintained over 90 days. To qualify for the bonus, the first deposit must be initiated between March 3, 2025, and April 30, 2025, by 11:59 PM ET, and the customer must input code GET250 at the time of sign-up. New customer bonus cash will be deposited by Raisin into customers’ linked external bank accounts within 30 days of satisfying all terms to qualify for the new customer bonus cash. This offer is available to new customers only. Raisin reserves the right to terminate this offer at any time.
About Western Alliance Bank High-Yield Savings
Year after year, Western Alliance Bank ranks high among the best commercial banks in the nation with more than $70 billion in assets, thanks to a combination of strong capacity, proven expertise and outstanding customer service. Western Alliance is a trusted, award-winning financial institution with experienced bankers who put customers first. Major accolades include being ranked as a top U.S. bank in 2022 and 2023 by American Banker and Bank Director.
| Balance Requirement | APY Rate |
| $0.01+ | 4.25% APY |
Western Alliance Bank High-Yield Savings Rate
- Learn More at Western Alliance Bank
- Account Type: High Yield Savings Account
- Interest Rate: 4.25% APY
- Availability: Nationwide
- Minimum Balance: $0.01+
- Maximum Balance: None
- Credit inquiry: Soft Pull
- Opening Deposit: $1
- Monthly Fees: No account activity or maintenance fees
- Early Termination Fee: None
(FDIC Insured)
How to Earn Western Alliance Bank Rate
- Open a new account with a minimum opening deposit of $500.
- Fill out your personal information – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account/transfer funds – Transfer funds electronically from an internal account here or an external account at another bank.
- Earn 4.25% APY.
Why You Should Sign Up For This Account
- FDIC insured
- Excellent rates with NO fees from Raisin.
- $1 minimum deposit. 24/7 online access.
Bottom Line
Check out this offer from Western Alliance Bank and open a High-Yield Savings account to earn the high rate today!
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on the Western Alliance Bank High-Yield Savings account.
For more, see our review on Western Alliance Bank here.
How long has western alliance bank been paying 5.31% on their savings accounts?
And, is that rate due to be lowered shortly, since none of their offered CD’s come even close to that rate.
And although I didn’t see a caution or disclaimer, aren’t banks free to change their savings rates at will, while a CD does lock in the customer’s CD Rate at time of opening.
All the while a possible Fed rate cut could be around the corner.
Would appreciate replies from anyone, either firsthand knowledgeable or what you expect will happen?
And thanks for any and all feedbacks!
How long does a withdrawal transaction take?
This was the easiest sign up I’ve ever encountered. No hassles, no delays. The online account setup worked great. I did not have to unfreeze my credit files to apply. They did not overreach on data collection. Only the minimum required information was requested. I was allowed to name a beneficiary right in the sign up process. Before I applied, I asked their support about ACH limits. Apparently, there are none except that the maximum single transaction is $250,000. The entire response is below. I’ll see what happens when I try to withdraw $200K on a single day. There is only a minimum $500 deposit to open. It’s one of the best interest rates in the country. I just got started with Western Alliance, but I’m hoping I’ll have full access to my money without all the ACH games many other banks play.
RESPONSE FROM WESTERN ALLIANCE SUPPORT CONCERNING ACH LIMITS
Thanks for reaching out to the Savings Premier support team. The maximum ACH allowed in or out is $250,000. The account allows users to deposit up to $250,00, while the total balance is allowed to be over that limit due to interest accrued. There are no transactional count limits. Depositing funds into the account takes 5 business days to settle. Withdrawals occur much faster as there are no mandatory settle days on withdrawals.