Available nationwide, the Western Alliance Bank High-Yield Savings account is offering 3.95% APY rate for all balances + up to $1,600 bonus powered by Raisin.
Western Alliance Bank High-Yield Savings
Update 12/1/25: You can currently earn up to $1600 bonus through December!
- Start your savings journey this December with promo code GIFT — available for new customers only. Open your first account, fund within 14 days, and earn cash rewards all year long. The more you save, the more you earn up to $1600.
- Deposit $10,000 earns a $15 quarterly bonus (up to $60 bonus).
- Deposit $25,000 earns a $38 quarterly bonus (up to $150 bonus).
- Deposit $50,000 earns a $75 quarterly bonus (up to $300 bonus).
- Deposit $100,000 earns a $150 quarterly bonus (up to $600 bonus).
- Deposit $250,000 earns a $400 quarterly bonus (up to $1600 bonus).
Terms:
- New customers to the Raisin platform only. New customers are eligible to earn a cash bonus each quarter for all of 2026 when they deposit and maintain funds with partner banks and credit unions on the Raisin platform subject to the following terms. To qualify, sign up and initiate your first deposit between December 1, 2025, and December 31, 2025 using promo code GIFT during signup. Qualified new customers will then receive a quarterly bonus based on their Eligible Deposit balance maintained on the Raisin platform for each quarter. Quarterly bonus tiers for Eligible Deposit balances are: $15 for balances between $10,000 and $24,999, $37.50 for balances between $25,000 and $49,999, $75 for balances between $50,000 and $99,999, $150 for balances between $100,000 and $249,999, and $400 for balances of $250,000 or more. “Eligible Deposits” are defined as both funds on deposit and deposits initiated on the Raisin platform by the 14th day of a calendar quarter (the “Qualification Date”). To qualify for a bonus tier, your Eligible Deposit balance must remain above the minimum for a bonus tier from the Qualification Date until the end of that quarter. If your Eligible Deposit balance declines at any time during a quarter after the Qualification Date, you will be placed in the bonus tier corresponding to your lowest Eligible Deposit balance for that quarter even if you subsequently deposit additional funds in that same quarter (though such funds will count as Eligible Deposits for the following quarter). Customers may increase their Eligible Deposit balance and corresponding potential bonus tier by adding funds prior to the quarterly Qualification date (i.e., the first 14 days of the quarter). Bonus payouts for each quarter will be credited directly to your Cash Account within 30 days of that quarter’s end. This offer is available to new customers only and may not be combined with any other bonus offers. Raisin may modify or end this offer at any time and may withhold or revoke bonuses in cases of fraud, abuse, or violation of these terms or Raisin’s Terms of Service.
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+ | 3.95% APY |
Western Alliance Bank High-Yield Savings Rate
- Learn More at Western Alliance Bank
- Account Type: High Yield Savings Account
- Interest Rate: 3.95% 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 3.95% 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.