Western Alliance Bank vs SoFi

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

	Member FDIC
	Visit Site	Learn More
	Western Alliance Bank	SoFi
	SPECIAL OFFER High-Yield Savings Premier - 4.30% APY Read Western Alliance Bank Review	OFFER Refinance Student Loans - Learn More Read SoFi Review
	Benefits and Features
Savings	4.30% APY	3.80% APY on savings balances with direct deposit or qualifying deposits (1.00% APY without)
CD	Up to 4.17%; 3-12 month term CDs. $1 minimum deposit.	N/A
Checking	N/A	0.50% APY on checking balances
Mobile App		iOS & Android
ATMs		55,000+ Allpoint ATMs
Customer Service		Checking and Savings Support: Phone: (855) 456-7634 Monday - Thursday: 5AM - 7PM PT Friday - Sunday: 5AM - 5PM PT 24/7 online chat
Locations	35 locations	4 branch locations
	CreditDonkey® Reviews
Savings
CD
Fees
Mobile App
Customer Service
Interest Rates
Eligibility
Pros & Cons	Pros: High APY No account activity or maintenance fees Cons: No debit card or checks	Pros: Competitive, fixed rates Low fees No collateral Cons: Slower underwriting process High standards for borrowers
Bottom Line	Solid bank that offers high APY savings products with a fully digital experience... Read full review	Personal loans with low APR and fees. Must have good credit to qualify... Read full review
	Visit Site	Learn More
	High Yield Savings Account - 4.30% APY High-Yield CD Rates - Up to 4.17% APY 3-Month High-Yield CD - 4.17% APY	Refinance Student Loans Personal Loans: Borrow Between $5k-$100k Active Investing with SoFi
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 02/05/2025.

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 4.17% APY

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on Raisin's Secure Website

• No fees
• $1 minimum deposit
• FDIC insured

Term	CD Rates
3 Month	4.17% APY
5 Month	4.10% APY
6 Month	4.05% APY
9 Month	3.95% APY
12 Month	3.95% APY

Which is Better: Western Alliance Bank or SoFi?

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.

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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SoFi Bank Locations

SoFi is an online bank offering checking and savings accounts. But does it have physical branches? Keep reading to find out.

SoFi High Yield Savings

Want a high APY and easy access to your money? Get the best of both worlds with SoFi's Checking and Savings account.

Which Do You Think is Best?