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Western Alliance Bank vs Fifth Third Bank

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

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

While Fifth Third Bank has 1,300 branches across the Midwest and Southwest. Basic checking account requires $1,500 minimum balance to avoid fees. Promotional CD offers a high APY for terms up to 27 months with a $5,000 minimum opening deposit.

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

 Western Alliance Bank
Member FDIC
Fifth Third Bank
Member FDIC
 Visit SiteVisit Site
 

Western Alliance Bank

Fifth Third Bank

SPECIAL OFFER
High-Yield Savings Premier - 4.46% APY

Read Western Alliance Bank Review

SPECIAL OFFER
Personal Checking Account - $300 Bonus - Learn More

Read Fifth Third Bank Review

 

Benefits and Features

Savings
4.46% APY
0.01% APY
CDUp to 4.05%; 3-12 month term CDs. $1 minimum deposit.0.01% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 3.00% to 4.00% APY. Terms are 4, 8, 12, and 24 months, minimum deposit of $5,000.
Checking
N/A
  • Fifth Third Momentum® Checking: No monthly service charge
  • Fifth Third Preferred Checking®: Interest-bearing checking account
  • Fifth Third Student Banking: Personal checking account for students age 13 and up.
Money Market 0.01% APY Standard Rate (0.01% Relationship Rate)
ATMs Allpoint® and 7-Eleven® network of ATMs. More than 40,000 fee-free ATMs nationwide.
Customer Service 
  • Mon-Fri 8:00 am - 6:00 pm (EST)
  • Sat 10:00 am - 4:00 pm (EST)
Locations
35 locations
1,078 branches
 

CreditDonkey® Reviews

 Western Alliance BankFifth Third Bank
SavingsStarStarStarStarStarStarStarEmpty StarEmpty StarEmpty Star
CDStarStarStarStarStarStarStarStarStarEmpty Star
FeesStarStarStarStarStar
Mobile AppStarStarHalf StarEmpty StarEmpty StarStarStarStarStarHalf Star
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
CheckingStarStarStarEmpty StarEmpty Star
Money MarketStarStarHalf StarEmpty StarEmpty Star
Pros & ConsPros:
  • High APY
  • No account activity or maintenance fees
Cons:
  • No debit card or checks
Pros:
  • Free Express Checking
  • Free student checking
  • Promo CD with high APY
Cons:
  • Higher balance requirements
  • Low savings APY
  • Limited branches
Bottom LineSolid bank that offers high APY savings products with a fully digital experience... Read full reviewMidwest & Southwest bank with high balance requirements... Read full review
 Visit SiteVisit Site

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 11/07/2024.

Fifth Third Bank: Pricing information from published website as of 11/13/2024 based on 45202 zip code.

High-Yield Savings Premier - 4.46% APY

High-Yield Savings Premier - 4.46% APY

  • 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
Western Alliance Bank
Member FDIC

High Yield Savings Account - 4.35% APY

on Raisin's Secure Website
  • No fees
  • $1 minimum deposit
  • 24/7 online access
  • FDIC insured
Western Alliance Bank

High-Yield CD Rates - Up to 4.05% APY

on Raisin's Secure Website
  • No fees
  • $1 minimum deposit
  • FDIC insured

Term CD Rates
3 Month 4.05% APY
5 Month 3.85% APY
6 Month 3.75% APY
9 Month 3.00% APY
12 Month 3.00% APY
Fifth Third Bank
Member FDIC

Personal Checking Account - $300 Bonus

Open an eligible Fifth Third checking account. Make direct deposits totaling $2,000 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.

Expires 12/31/2024
Fifth Third Bank
Member FDIC

Fifth Third Momentum® Checking - $300 Bonus

Open an eligible Fifth Third checking account. Make direct deposits totaling $2,000 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.

Expires 12/31/2024

Which is Better: Western Alliance Bank or Fifth Third 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 and cd are outstanding. Fifth Third Bank's mobile app and customer service are worth mentioning.


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.

Articles on Fifth Third Bank

Fifth Third Bank Review

Fifth Third Bank has higher balance requirements and high service fees if they're not met. But it offers some unique programs. Read on to see if Fifth Third Bank is a good fit for you.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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