Western Alliance Bank vs BMO

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

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

While BMO 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.

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

	Member FDIC	Member FDIC
	Visit Site	Visit Site
	Western Alliance Bank	BMO
	SPECIAL OFFER High-Yield Savings Premier - 4.30% APY Read Western Alliance Bank Review	SPECIAL OFFER BMO Smart Advantage Checking Account - Earn $350 Cash Bonus* - Learn More Read BMO Review
	Benefits and Features
Savings	4.30% APY	0.01% APY. $5 reward every month you save $200 or more, for the first year.
CD	Up to 4.30%; 3-12 month term CDs. $1 minimum deposit.	0.05% - 3.15% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.
Checking	N/A	Smart Advantage, Smart Money, Relationship
Money Market		0.80% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance.
ATMs		40,000+ BMO and Allpoint ATMs
Customer Service		Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm
IRA CD		0.05% - 1.50% 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	35 locations	981 branches
	CreditDonkey® Reviews
Savings
CD
Fees
Mobile App
Customer Service
Checking
Money Market
Pros & Cons	Pros: High APY No account activity or maintenance fees Cons: No debit card or checks	Pros: Free checking with eStatements Large ATM network Good financial tools Cons: Limited branches Low savings APY
Bottom Line	Solid bank that offers high APY savings products with a fully digital experience... Read full review	Midwest bank with options for low and high-balance customers... Read full review
	Visit Site	Visit Site
	High Yield Savings Account - 4.30% APY High-Yield CD Rates - Up to 4.30% APY 12-Month High-Yield CD - 4.30% APY	BMO Smart Advantage Checking Account - Earn $350 Cash Bonus* BMO Smart Money Checking Account - Earn $350 Cash Bonus* Savings Account - Up to $60 Bonus
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 03/06/2025. BMO: Pricing information from published website as of 03/05/2025 based on 60603 zip code.

High-Yield Savings Premier - 4.30% APY

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• No account fees
• Option to open individual or joint account
• FDIC insured up to $250,000 per depositor
• Only $500 minimum opening deposit

The annual percentage yield (APY) is accurate as of January 24, 2025 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 - 4.30% 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 4.30% APY

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on Raisin's Secure Website

• No fees
• $1 minimum deposit
• FDIC insured

Term	CD Rates
3 Month	4.30% APY
5 Month	4.10% APY
6 Month	4.30% APY
9 Month	3.95% APY
12 Month	4.30% APY

Member FDIC

BMO Smart Advantage Checking Account - Earn $350 Cash Bonus*

$350 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 2/4/25 - 5/2/25. *Conditions Apply. Accounts are subject to approval and available in the U.S. by BMO Bank N.A. Member FDIC

Get Deal

Expires 5/2/2025

Member FDIC

BMO Smart Money Checking Account - Earn $350 Cash Bonus*

$350 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 2/4/25 - 5/2/25. *Conditions Apply. Accounts are subject to approval and available in the U.S. by BMO Bank N.A. Member FDIC

Get Deal

Expires 5/2/2025

Which is Better: Western Alliance Bank or BMO?

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.

In short: Western Alliance Bank's savings and cd are outstanding. BMO's mobile app is notable.

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.

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Articles on BMO

BMO Review

BMO offers low fees and a large ATM network. But savings rates are low. However, the strong features can still make it a good bank for you. Read on.

• BMO vs Chase
• BMO vs Bank of America
• BMO vs Capital One

BMO Routing Number

If you have a BMO account, you only need to be aware of one routing number. This number is 071025661. Read on and learn how to use it.

• BMO vs U.S. Bank
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Who Owns BMO

BMO is a publicly-traded company with significant institutional investors. These include several well-known Canadian asset management firms and banks.

Is BMO an Ethical Bank

BMO has been recognized as one of the World's Most Ethical Companies for six consecutive years. How did they earn this award? Find out.

BMO Relationship Minimum Balance

Get more perks when you open a BMO Relationship Checking Account. Find out the balance you need to reach to unlock them.

Is BMO a Good Bank

Is BMO a good choice for your banking needs? Find out here.

Is BMO a Safe Bank

Wondering about the security of your funds with BMO? They have a Financial Crimes Unit backing you up, for one. Read on for more details.

What is BMO

BMO Harris is now BMO. But are they a legit bank? Find out if you should bank with them.

BMO Smart Money vs Smart Advantage

BMO's Smart Advantage has $0 monthly fees. Smart Money has no overdraft fees. Which one is a smarter choice? Read on to find out.

Is BMO a Real Bank

BMO, is a U.S bank, part of the Bank of Montreal. It offers solid basic checking options and a large ATM network. But, is it legit? Read on to find out.

Which Do You Think is Best?

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