Boost your savings with an online high-yield savings account (HYSA)
Take advantage of today's rates and earn 5.36% APY on your entire account balance – that’s more than 10 times the national average2. With the Western Alliance Bank High-Yield Savings Premier account, you can enjoy FDIC insurance and no fees3 while earning a much higher return on your money.
Features & Benefits
- FDIC insured
- Open your account online in five minutes or less
- No fees
- Enhanced security by connecting one external account where money can be moved to and from
- Open with $500 minimum deposit
Backed by the service and stability of Western Alliance Bank, ranked among the top U.S. banks in 2022 and 2023 by American Banker and Bank Director.
U.S. citizens or permanent residents only. Must be 18 years or older to apply.
About Western Alliance Bank
Trusted Institution
With more than $70 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the country’s top-performing banking companies. Its primary subsidiary, Western Alliance Bank, Member FDIC, is a trusted resource for customers across the U.S. to help their savings thrive. Major accolades include being ranked as a top U.S. bank in 2022 and 2023 by American Banker and Bank Director.
Safety and Security
Western Alliance Bank employs a robust data protection and information security program to protect accounts, keep funds secure and ensure that all data is protected with the highest level of security. All Western Alliance Bank Savings Accounts are FDIC insured up to the maximum limits allowed by law.
Caring for People and Communities
Western Alliance Bank is deeply committed to giving back to the community, working with purpose to improve people's quality of life, and fostering a diverse and inclusive culture.
Frequently Asked Questions
What is a high-yield savings account?
A high-yield savings account (HYSA) is a type of savings account that pays a higher than average interest rate on deposits.
With Western Alliance Bank, your account allows unlimited transactions and doesn't have fees.
Are my savings deposits secure and FDIC insured?
The Western Alliance Bank High-Yield Savings Premier is available at a $250,000 maximum per single deposit account holder. Please visit www.fdic.gov for current deposit insurance limits. Your deposits are insured by the FDIC up to the maximum limits allowed by law. 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.
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.4 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 is paid to you monthly. Interest calculations start on the first business day your 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.
Ready to Get Started?
Open a High-Yield Savings Premier account in minutes. It’s safe and easy to apply online.
1. 5.36% annual percentage yield (APY) is accurate as of 1/17/2024 and subject to change at the Bank’s discretion. 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 4/15/2024. See the FDIC website for more information.
3. No account activity or maintenance fees.
4. 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.