Western Alliance Bank


Overview / Commentary
602-389-3500
1 E Washington St
Phoenix, AZ 85004

Western Alliance Bank is headquartered in PHOENIX and is the 2nd largest bank in the state of Arizona. It is also the 35th largest bank in the nation. It was established in 2003 and as of March of 2025, it had grown to 3,613 employees at 37 locations. Western Alliance Bank's savings rates are 8X the national average, and it has a B+ health rating.

Western Alliance Offers 5.36% APY HYSA

Posted by: |

I am a customer of Western Alliance. For those interested, here is a link to their current HYSA. It is ACH in and out only. No wire transfers. So, if your child is kidnapped, and you need to pay the ransom pronto, this ain't for you. Otherwise, enjoy the yield.

https://www.westernalliancebancorporation.com/personal-banking/high-yield-savings-account

Fast Deposit Transfer

Posted by: |

I opened a high yield savings with W.A. through Savebetter.
Transfer was visible and deposited in 2 days, still awaiting for available funds (it has only been 2 business days). The website stated no transfer limitations, I called Wester Alliance, they transferred me to the Savebetter dept, and they verified they do not have a daily/monthly limit for external transfer withdrawals. currently @ 4.23%

Edit. Available funds took 3 business days.

2/10/23 - up to 4.35% I did an external withdrawal transfer and it was deposited into my bank account in 2 days

On Some Banks To Watch Out Lists

Posted by: |

Western Alliance probably will pull through. Please note in the banking/finance/investing blogs some people seem to believe it could follow down the 2 bad California banks of this year so far. I hope not.

Not As Advertised

Western Alliance Bank -- Here are some fun facts not presented explicitly during the process of making a deposit. You are not making a deposit to your newly created WAB account. You are moving funds to a SaveBetter.com account with no routing or account numbers, only some internal identification number. WAB does not allow new accounts to be created online, but only at the physical branches. WAB claims that this is being done with their knowledge and apparent consent. Regardless of the actual or perceived safety of this arrangement, I will not trust any organization that encourages the movement of large sums of money without making all of the most important information plainly, explicitly obvious to all users. If they will engage in slight of hand tricks with one thing, they will most assuredly take similar liberties with other things, perhaps even your balance. The high rate is a pretty lure, but the hook is questionable. I have initiated a transfer back to the originating account. Soon we will see how deeply the hook was set.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #57512
Year Established2003
Employees3613
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.95%
Return on Equity - YTD11.15%
Annual Interest Income$1.09B
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$82.94B$76.95B
LoansQ1 2025vs Q1 2024$57.99B$52.48B
DepositsQ1 2025vs Q1 2024$69.72B$62.62B
Equity CapitalQ1 2025vs Q1 2024$7.1B$6.41B
Loan Loss AllowanceQ1 2025vs Q1 2024$388.6MM$340.3MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$495.3MM$406.5MM
Real Estate OwnedQ1 2025vs Q1 2024$51.3MM$8.2MM
Rates
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Western Alliance Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.30%$0-High-Yield Savings Premier
4.25%$0-High Yield Savings Account Via Raisin

Western Alliance Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.40%$1-3 Month CD by Raisin
4.10%$1-5 Month CD by Raisin
4.00%$1-6 Month CD by Raisin
3.90%$1-9 Month CD by Raisin
3.80%$1-12 Month CD by Raisin
Locations

Availability

Los Angeles Area

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