Western Alliance Bank vs Synchrony Bank

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

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

While Synchrony Bank offers high interest savings with an ATM card for easy withdrawals. There is no minimum deposit. Their CDs require a $2,000 minimum deposit to open. There are no service fees for any products.

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

	Member FDIC	Synchrony BankCIT BankChaseDiscover Bank
	Visit Site	Learn More
	Western Alliance Bank	Synchrony Bank
	SPECIAL OFFER High-Yield Savings Premier - 4.46% APY Read Western Alliance Bank Review	SPECIAL OFFER High Yield Savings - 4.10% APY - Learn More Read Synchrony Bank Review
	Benefits and Features
Savings	4.46% APY	4.10% APY. No monthly service fee and no minimum deposit. An ATM card is provided for easy withdrawal. Synchrony will refund ATM fees for other banks up to $5 per statement cycle
CD	Up to 4.50%; 3-12 month term CDs. $1 minimum deposit.	0.25% to 4.30% APY. Terms of 3 months to 5 years. No minimum deposit to open.
Checking	N/A
Money Market		2.25% APY. No monthly service fee and no minimum deposit.
ATMs		Any ATMs with Plus or Accel logos
Customer Service		Mon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET)
IRA CD		0.25% to 4.00% APY. Terms of 3 months to 5 years. No minimum deposit to open.
IRA Money Market		2.25% APY.
Locations	35 locations	Online Only
	CreditDonkey® Reviews
Savings
CD
Fees
Mobile App
Customer Service
Money Market
Pros & Cons	Pros: High APY No account activity or maintenance fees Cons: No debit card or checks	Pros: Savings with ATM card High APY All balance tiers receive same rate Cons: No checking account Limited customer service hours
Bottom Line	Solid bank that offers high APY savings products with a fully digital experience... Read full review	Good online bank offering high interest rates... Read full review
	Visit Site	Learn More
	High Yield Savings Account - 4.50% APY High-Yield CD Rates - Up to 4.50% APY 3-Month High-Yield CD - 4.50% APY	High Yield Savings - 4.10% APY Money Market - 2.25% APY Certificate of Deposit
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 12/11/2024. Synchrony Bank: Pricing information from published website as of 12/06/2024.

High-Yield Savings Premier - 4.46% APY

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• 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

Member FDIC

High Yield Savings Account - 4.50% 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 4.50% APY

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on Raisin's Secure Website

• No fees
• $1 minimum deposit
• FDIC insured

Term	CD Rates
3 Month	4.50% APY
5 Month	4.40% APY
6 Month	4.40% APY
9 Month	4.35% APY
12 Month	4.25% APY

Which is Better: Western Alliance Bank or Synchrony 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: Synchrony Bank's customer service is 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.

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Articles on Synchrony Bank

Synchrony Bank Review

Synchrony offers some of the highest savings and CD rates. But there are downsides. Read this review before you open an account.

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Synchrony High Yield Savings

Synchrony's high-yield savings account has a high APY with no fees. But they also have more to offer than just that. Read on to know all the details.

Synchrony Bank CD Rates

Are CD rates good at Synchrony Bank? Find out if you should open a Synchrony CD.

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