Western Alliance Bank vs Charles Schwab Bank

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

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

While Charles Schwab Bank offers an Investor Checking account with unlimited ATM fee reimbursements worldwide and no foreign transaction fees. No minimum to open and no service fee. It is tied to a brokerage account but you don't have to use it.

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

	Member FDIC	Charles Schwab BankCIT BankUFB DirectChaseBank of America
	Visit Site	Learn More
	Western Alliance Bank	Charles Schwab Bank
	SPECIAL OFFER High Yield Savings Account - 4.25% APY - Learn More Read Western Alliance Bank Review	SPECIAL OFFER High Yield Investor Checking – Unlimited ATM Rebates - Learn More Read Charles Schwab Bank Review
	Benefits and Features
Savings	4.25% APY	0.15% APY
CD	Up to 4.30%; 3-12 month term CDs. $1 minimum deposit.	Offers brokered CDs from other banks. Minimum deposit of $1,000.
Checking	N/A
ATMs		Unlimited ATM fee rebates when used with ATMs with the Visa, Interlink logo. Available worldwide.
Customer Service		24/7 Live Customer Service (Telephone and Chat)
Locations	35 locations	345 branches across the country. You may also open an account online.
	CreditDonkey® Reviews
Savings
CD
Fees
Mobile App
Customer Service
Checking
Pros & Cons	Pros: High APY No account activity or maintenance fees Cons: No debit card or checks	Pros: No account minimum No service fees Refund all ATM fees Cons: Only checking or savings Must do banking online
Bottom Line	Solid bank that offers high APY savings products with a fully digital experience... Read full review	Popular brokerage with a free checking account that refunds ATM fees... Read full review
	Visit Site	Learn More
	High Yield Savings Account - 4.25% APY High-Yield CD Rates - Up to 4.30% APY 3-Month High-Yield CD - 4.30% APY	High Yield Investor Checking – Unlimited ATM Rebates 1-Year CD - Up to 4.40% APY 3-Month CD - Up to 4.37% APY
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 03/21/2025. Charles Schwab Bank: Pricing information from published website as of 03/24/2025.

Member FDIC

High Yield Savings Account - 4.25% APY

Learn More

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

Learn More

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	3.95% APY

Member FDIC

3-Month High-Yield CD - 4.30% APY

Get Deal

on Raisin's Secure Website

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

Which is Better: Western Alliance Bank or Charles Schwab 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.

In short: Western Alliance Bank's savings is outstanding. Charles Schwab Bank's mobile app and customer service are 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.

• Western Alliance Bank vs SoFi
• Western Alliance Bank vs Ally Bank
• Western Alliance Bank vs Customers Bank

Articles on Charles Schwab Bank

Charles Schwab Bank Review

Charles Schwab is more than a brokerage. It also offers high yield checking and savings interest rates that might far surpass your local bank. Read on to learn the pros and cons.

• Charles Schwab Bank vs Chase
• Charles Schwab Bank vs Bank of America

Charles Schwab High Yield Savings

Charles Schwab Bank has a savings account with no fees and a free debit card. But how does its APY stack up against other accounts?

Charles Schwab Routing Number

You'll need the right routing number to transfer money in or out of your Charles Schwab bank account. Find yours and learn more about money transfers in our guide.

Which Do You Think is Best?