Western Alliance Bank vs Ponce Bank
Western Alliance Bank is a solid bank that offers high APY savings products with a fully digital experience. How does it compare to Ponce Bank? Read our comparison chart below.
Western Alliance Bank offers high-yield savings products and CD accounts.
While Ponce Bank was founded in the Bronx in 1960 by Puerto Rican migrants, at a time when traditional banks had abandoned the neighborhood. Today, they are a proud certified Minority Depository Institution and Community Development Financial Institution (CDFI), and remain dedicated to serving financially-vulnerable communities.
Their not-for-profit, The Ponce de Leon Foundation, supports local initiatives in affordable housing, education, healthcare, and more.
Compare Western Alliance Bank with Ponce Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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| Visit Site | Visit Site | |
Western Alliance Bank | Ponce Bank | |
|---|---|---|
High Yield Savings Account - 4.25% APY - | Money Market Deposit Account - 4.37% APY - | |
Benefits and Features | ||
| Savings | ||
| CD | Up to 4.30%; 3-12 month term CDs. $1 minimum deposit. |
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| Checking | ||
| Locations | ||
CreditDonkey® Reviews | ||
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| Savings |  |   |
| CD | | |
| Fees | | |
| Mobile App | | |
| Customer Service | | |
| Money Market | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Solid bank that offers high APY savings products with a fully digital experience... | Community bank that offers several high-yield savings options through Raisin... |
| 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. Western Alliance Bank: Information sourced from the published website as of 03/21/2025. Ponce Bank: Pricing information from published website as of 03/04/2025. | ||
High Yield Savings Account - 4.25% 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 | 4.30% APY |
| 9 Month | 3.95% APY |
| 12 Month | 3.95% APY |
Which is Better: Western Alliance Bank or Ponce 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.
Articles on Western Alliance Bank
Western Alliance Bank Review
Articles on Ponce Bank
