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.

	Visit Site	Learn More
	Western Alliance Bank	SoFi
	SPECIAL OFFER High-Yield Savings Premier - 5.36% APY Read Western Alliance Bank Review	OFFER Refinance Student Loans - Learn More Read SoFi Review
	Benefits and Features
Savings	5.36% APY	Up to 4.60% APY
CD	Up to 5.30%; 3-12 month term CDs. $1 minimum deposit.	N/A
Checking	N/A	0.50% APY on checking balances with direct deposit activity or qualifying deposits
Locations	35 locations
	CreditDonkey® Reviews
Savings
CD
Fees
Mobile App
Customer Service
Eligibility
Interest Rates
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
	5-Month High-Yield CD - 5.30% APY 3-Month High-Yield CD - 5.26% APY 6-Month High-Yield CD - 5.23% 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 04/30/2024.

High-Yield Savings Premier - 5.36% APY

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• No account activity or maintenance fees
• $500 minimum opening deposit
• FDIC insured

5.36% annual percentage yield (APY) is accurate as of 1/17/2024 and subject to change at the Bank's discretion. 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

5-Month High-Yield CD - 5.30% APY

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• No fees
• $1 minimum deposit
• 24/7 online access
• FDIC insured

3-Month High-Yield CD - 5.26% APY

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• No fees
• $1 minimum deposit
• 24/7 online access
• FDIC insured

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 Chase.

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 SoFi

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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.

SoFi Mortgage Review

Thinking about buying a home or refinancing your existing mortgage? Is SoFi a good online lender or should you stick with a traditional bank? Read on for the pros and cons.

Which Do You Think is Best?