BMO Bank vs Western Alliance Bank
BMO Bank is a midwest bank with options for low and high-balance customers. How does it compare to Western Alliance Bank? Read our comparison chart below.
BMO Bank has over 900 branches and is the 8th largest bank in North America by assets. Smart Advantage checking has no fee and no minimum balance if you opt for eStatements. Savings need just $100 to open with easy ways to waive fees. Special Rate CDs require a $5,000 minimum opening deposit.
While Western Alliance Bank offers high-yield savings products and CD accounts.
Compare BMO Bank with Western Alliance Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Visit Site | Visit Site | |
BMO Bank | Western Alliance Bank | |
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BMO Smart Advantage Checking - $350 Cash Bonus - | High-Yield Savings Premier - 5.31% APY | |
Benefits and Features | ||
Savings | 0.01% APY. $5 reward every month you save $200 or more, for the first year. | |
CD | 0.05% - 4.50% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit. | Up to 4.60%; 3-6 month term CDs. $1 minimum deposit. |
Checking | Smart Advantage, Smart Money, Relationship | |
Money Market | 1.00% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance. | |
ATMs | ||
Customer Service | Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm | |
IRA CD | 0.05% - 2.00% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit | |
IRA Money Market | IRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee | |
Locations | ||
CreditDonkey® Reviews | ||
Savings | ||
CD | ||
Checking | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
Fees | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Midwest bank with options for low and high-balance customers... | Solid bank that offers high APY savings products with a fully digital experience... |
Visit Site | Visit Site | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. BMO Bank: Pricing information from published website as of 09/06/2024 based on 60603 zip code. Western Alliance Bank: Information sourced from the published website as of 08/10/2024. |
BMO Smart Advantage Checking - $350 Cash Bonus
Get a $350 cash bonus when you open a new Smart Money Checking or Smart Advantage Checking account and have a cumulative total of $4,000 in qualifying direct deposits within 90 days of opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
BMO Smart Money Checking - $350 Cash Bonus
Get a $350 cash bonus when you open a new Smart Money Checking or Smart Advantage Checking account and have a cumulative total of $4,000 in qualifying direct deposits within 90 days of opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
BMO Relationship Checking - $500 Cash Bonus
Get a $500 cash bonus when you open a new Relationship Checking account and have a cumulative total of $7,500 in qualifying direct deposits within 90 days of opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
High-Yield Savings Premier - 5.31% APY
- No account activity or maintenance fees
- $500 minimum opening deposit
- FDIC insured
High Yield Savings Account - 5.20% APY
- No fees
- $1 minimum deposit
- 24/7 online access
- FDIC insured
High-Yield CD Rates - Up to 4.30% APY
- No fees
- $1 minimum deposit
- FDIC insured
Term | CD Rates |
---|---|
3 Month | 4.30% APY |
5 Month | 4.10% APY |
6 Month | 4.00% APY |
9 Month | 3.10% APY |
12 Month | 3.00% APY |
Which is Better: BMO Bank or Western Alliance Bank?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing BMO Bank or Chase.
In short: BMO Bank's mobile app is notable. Western Alliance Bank's savings and cd are outstanding.