Western Alliance Bank vs Ally Bank

Western Alliance Bank is a solid bank that offers high APY savings products with a fully digital experience. How does it compare to Ally Bank? Read our comparison chart below.

Western Alliance Bank offers high-yield savings products and CD accounts.

While Ally Bank offers high interest on their Savings account. It also offers interest checking and multiple CD options, including No Penalty and Raise Your Rate CDs. There is no minimum deposits or service fees for any of their banking products.

Compare Western Alliance Bank with Ally Bank, side-by-side. Read on for an in-depth look, including ratings and reviews.

	Member FDIC	Ally BankCIT BankDiscover BankChaseBank of America
	Visit Site	Learn More
	Western Alliance Bank	Ally Bank
	SPECIAL OFFER High-Yield Savings Premier - 4.46% APY Read Western Alliance Bank Review	SPECIAL OFFER Online Savings Account - 3.80% APY - Learn More Read Ally Bank Review
	Benefits and Features
Savings	4.46% APY	3.80% APY
CD	Up to 4.50%; 3-12 month term CDs. $1 minimum deposit.	2.90% to 4.10% APY. Terms of 3 months to 5 years. 12-month CD APY of 3.90%
Checking	N/A	0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000
Money Market		3.80% APY
Mobile App		iOS & Android
ATMs		75,000+ no-fee Allpoint and MoneyPass ATMs
Customer Service		24/7
Locations	35 locations	Online only
	CreditDonkey® Reviews
Savings
CD
Fees
Mobile App
Customer Service
Pros & Cons	Pros: High APY No account activity or maintenance fees Cons: No debit card or checks
Bottom Line	Solid bank that offers high APY savings products with a fully digital experience... Read full review	Read full review
	Visit Site	Learn More
	High Yield Savings Account - 4.50% APY High-Yield CD Rates - Up to 4.50% APY 3-Month High-Yield CD - 4.50% APY	Online Savings Account - 3.80% APY Money Market - 3.80% APY Term CDs
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Western Alliance Bank: Information sourced from the published website as of 12/11/2024. Ally Bank: Pricing information from published website as of 12/10/2024.

High-Yield Savings Premier - 4.46% APY

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• No account activity or maintenance fees
• $500 minimum opening deposit
• FDIC insured

The annual percentage yield (APY) is accurate as of November 7, 2024 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. Member FDIC

Member FDIC

High Yield Savings Account - 4.50% APY

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on Raisin's Secure Website

• No fees
• $1 minimum deposit
• 24/7 online access
• FDIC insured

High-Yield CD Rates - Up to 4.50% APY

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on Raisin's Secure Website

• No fees
• $1 minimum deposit
• FDIC insured

Term	CD Rates
3 Month	4.50% APY
5 Month	4.40% APY
6 Month	4.40% APY
9 Month	4.35% APY
12 Month	4.25% APY

Which is Better: Western Alliance Bank or Ally Bank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Western Alliance Bank or CIT Bank.

Articles on Western Alliance Bank

Western Alliance Bank Review

Western Alliance Bank offers savings products with competitive APYs for people looking to grow their money. Is there a catch? Read on to find out.

• Western Alliance Bank vs SoFi
• Western Alliance Bank vs Customers Bank
• Western Alliance Bank vs CIT Bank

Articles on Ally Bank

Ally No Penalty CD

Ally Bank's No Penalty CD offers a competitive APY without early withdrawal penalties. Learn more about this CD here.

• Ally Bank vs Discover Bank
• Ally Bank vs Chase
• Ally Bank vs Bank of America

Ally Bank Locations

Ally is an excellent online bank with no physical locations. So, how can you access your funds? Read on to find out.

Ally High Yield Savings

Ally Savings offers a strong APY and various savings tools to help you boost your funds. Read on to find out more.

Ally Bank Problems

Ally Bank is well-known for having attractive APYs and practically no fees. But, what's the catch? Read on to know what nuisances you may encounter.

Ally Savings vs Money Market

Ally's Money Market and Savings accounts boast high APYs with no hidden fees. But, how do they differ? Read on to find out.

Ally Bank CD Rates

Ally Bank CD accounts offer high APYs and require no minimum deposit. But what is the catch? Learn more about Ally CD rates in this review.

Ally Bank Routing Number

Looking to transfer money in or out of your Ally account? You'll need the right routing number. Find your Ally routing number and learn more about money transfers in our guide.

Which Do You Think is Best?

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