High-Yield Savings Premier
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.Open with as little as $500.
Benefits Beyond APY
FDIC Insured
Your savings account will be FDIC insured up to the maximum limits allowed by law
Low Minimum
Open a new account with as little as $500
No Fees
Zero account activity or maintenance fees
Secure
Enhanced security by connecting one external account where money can be moved to and from
Online
Open your account online in five minutes or less
Top Ranked
Among the top U.S. banks of 2022 and 2023 by influential sources from American Banker and Bank Director
High-Yield Savings Premier
More than 10x the national average APY
With rates that are more than 10x the national average APY, your money simply grows faster with Western Alliance Bank.
About Western Alliance Bank
Top Savings with a Top-performing Bank
$70B in assets
With more than $70 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the the country's top-performing banking companies.
Top Rated
Ranked among the top U.S. banks in 2022 and 2023 by American Banker and Bank Director.
Secure
A robust 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 is a high-yield savings account?
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 FDIC insured?
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?
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:
Social Security Number
Current U.S. residential address (P.O. Box is not accepted)
Valid email address
Mobile number with SMS capabilities
Existing checking or savings account login information
Open with $500 to fund your new High-Yield Savings Premier account
How do I fund my 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?
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?
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?
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 3/18/2024. 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.
