Save Faster with a 4.25% APY
Boost your savings with an online high-yield savings account (HYSA)
Take advantage of today's rates and earn 4.25% APY on your entire account balance – that’s more than 9 times the national average.2 With the Western Alliance Bank High-Yield Savings Premier account, you can enjoy FDIC insurance while earning a much higher return on your money. This account has no account fees and can be opened as either an individual or joint account with as little as $500.
Benefits Beyond APY
FDIC Insurance
Deposits are insured up to $250,000 per account owner
Only $500 to Start
No minimum balance to maintain after opening
No Account Fees
There are no associated fees with this account
Account Choices
Option to open an individual or a joint account
More than 9x the national average APY
With rates that are more than 9x the national average APY, your money simply grows faster with Western Alliance Bank.
Top Savings with a Top-performing Bank
$80B in assets
With more than $80 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the the country's top-performing banking companies.
Top Rated
- Ranked a top U.S. bank in 2024 by American Banker and Bank Director
- Received #1 rankings on Institutional Investor's All-America Executive Team Midcap 2023-2024 for Best CEO, Best CFO, Best Company Board of Directors and Best Investor Relations Team
Secure
A robust data protection & information security program to:
- Protect accounts
- Secure funds
- Highest level of security protects all data
Getting Started is Simple
Quick
Open your account online in five minutes or less
Easy
Apply at any time with a computer or mobile device
Safe
Fund your new account by linking your existing checking account
Frequently Asked Questions
What are the benefits of this account?
- Only $500 needed to open an account and no minimum balance to maintain it
- Choose from an individual or joint account
- FDIC insurance up to $250,000 maximum per single deposit account holder and $500,000 for joint accounts
- No account fees
Are my savings deposits secure and FDIC insured?
Western Alliance Bank employs a robust data protection and information security program to protect your account, keep your money secure and ensure that all data is protected with the highest level of security.
Your deposits are insured by the FDIC up to the maximum limits allowed by law which is up to $250,000 maximum per single deposit account holder and $500,000 for joint accounts.
Please visit www.fdic.gov for current deposit insurance limits. Please visit https://edie.fdic.gov/calculator.html to calculate your insurance coverage.
What do I need to open an account?
To open a High-Yield Savings Premier account with Western Alliance Bank, you need to be a U.S. citizen or permanent resident and be 18 years or older. Please have the following information available when you begin your application:
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Social Security Number
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Current U.S. residential address (P.O. Box is not accepted)
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Valid email address
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Mobile number with SMS capabilities
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Existing checking or savings account login information
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Open with $500 to fund your new High-Yield Savings Premier account
How do I fund my account or move money?
When opening your High-Yield Savings Premier account, you will link it to an existing checking or savings account from another bank. You may fund your High-Yield Savings Premier account from the linked account through online account transfers.3 Only one linked account is allowed. Checks and wires are not accepted.
How do I withdraw from my account?
You can withdraw from your High-Yield Savings Premier account by logging in to your portal and transferring the funds back into your linked account.
How often is interest compounded?
The interest for the High-Yield Savings Premier account accrues daily and compounds and is paid to you monthly. Interest begins the business day funds are received. Closed accounts may forfeit unearned interest.
Will I get a debit card or checks with this account?
No, the High-Yield Savings Premier account does not include a debit card or checks.
Have Additional Questions? Call us at (866) 347-1476
Our U.S.-based Customer Service Support is open Monday-Friday between 6:00am to 6:00pm PDT
Ready to Get Started?
Open a High-Yield Savings Premier account in minutes. It’s safe and easy to apply online.
1. The annual percentage yield (APY) is accurate as of March 20, 2025 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.
2. Accurate as of the time of publication. The national average rate referenced is from the FDIC’s published National Rates and Rate Caps for Savings deposit products, accurate as of March 17, 2025. See the FDIC website for more information.
3. Funds received by ACH transfer initiated from the designated linked account to your account will generally be available five (5) business days for withdrawal after you initiate the ACH transfer.
Please refer to the account disclosures provided when you open an account for additional information.