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Western Alliance Bank vs Regions Bank

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

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

While Regions Bank has 1,250+ branches in 15 states in the South and Midwest. Checking and savings accounts require just $50 to open, with relatively lower requirements to waive fees. The unique Now Banking solution offers prepaid Visa, savings, and check cashing services with no account required.

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

 Western Alliance Bank
Member FDIC
 Visit SiteLearn More
 

Western Alliance Bank

Regions Bank

SPECIAL OFFER
High-Yield Savings Premier - 4.30% APY

Read Western Alliance Bank Review

SPECIAL OFFER
LifeGreen Business Checking® - Learn More

Read Regions Bank Review

 

Benefits and Features

Savings
4.30% APY
0.01% APY
CDUp to 4.30%; 3-12 month term CDs. $1 minimum deposit.0.01% - 0.05% APY (Up to 4.25% APY for Promotional Relationship)
Checking
N/A
 
ATMs 2,000+ ATMs in 15 Southern and Midwestern US states.
Customer Service 24/7 Telephone Customer Service
IRA CD 
Check
Locations
35 locations
1,250+ branches in 15 Southern and Midwestern US states.
 

CreditDonkey® Reviews

 Western Alliance Bank
SavingsStarStarStarStarStarStarStarStarStarEmpty Star
CDStarStarStarStarStarStarStarStarHalf StarEmpty Star
FeesStarStarStarStarStar
Mobile AppStarStarHalf StarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarHalf StarEmpty Star
CheckingStarStarStarHalf StarEmpty Star
Money MarketStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • High APY
  • No account activity or maintenance fees
Cons:
  • No debit card or checks
Pros:
  • $50 to open checking account
  • Relationship Rewards program
  • LifeGreen Savings annual bonus
Cons:
  • No free checking option
  • Limited branches
  • Low savings APY
Bottom LineSolid bank that offers high APY savings products with a fully digital experience... Read full reviewSouth and Midwest bank with special reward programs... Read full review
 Visit SiteLearn More

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.

Regions Bank: Pricing information from published website as of 02/19/2025 based on 35203 zip code.

High-Yield Savings Premier - 4.30% APY

High-Yield Savings Premier - 4.30% APY

  • 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
Western Alliance Bank
Member FDIC

High Yield Savings Account - 4.30% 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 4.30% APY

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

Which is Better: Western Alliance Bank or Regions 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.


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 Regions Bank

Regions Bank Review

Regions Bank offers a variety of deposit products, easy account opening requirements, and special reward programs. Read on to see if this bank is right 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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