BMO vs Western Alliance Bank
BMO is a midwest bank with options for low and high-balance customers. How does it compare to Western Alliance Bank? Read our comparison chart below.
BMO has over 900 branches and is the 8th largest bank in North America by assets. Smart Advantage checking has no fee and no minimum balance if you opt for eStatements. Savings need just $100 to open with easy ways to waive fees. Special Rate CDs require a $5,000 minimum opening deposit.
While Western Alliance Bank offers high-yield savings products and CD accounts.
Compare BMO with Western Alliance Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
![]() | ![]() | |
Visit Site | Visit Site | |
BMO | Western Alliance Bank | |
---|---|---|
BMO Smart Advantage Checking Account - Earn $350 Cash Bonus* - | High-Yield Savings Premier - 4.30% APY | |
Benefits and Features | ||
Savings | 0.01% APY. $5 reward every month you save $200 or more, for the first year. | |
CD | 0.05% - 3.25% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit. | Up to 4.17%; 3-12 month term CDs. $1 minimum deposit. |
Checking | Smart Advantage, Smart Money, Relationship | |
Money Market | 0.80% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance. | |
ATMs | ||
Customer Service | Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm | |
IRA CD | 0.05% - 1.50% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit | |
IRA Money Market | IRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee | |
Locations | ||
CreditDonkey® Reviews | ||
![]() | ![]() | |
Savings | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
CD | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Checking | ![]() ![]() ![]() ![]() ![]() | |
Money Market | ![]() ![]() ![]() ![]() ![]() | |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Fees | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
| Pros:
|
Bottom Line | Midwest bank with options for low and high-balance customers... | Solid bank that offers high APY savings products with a fully digital experience... |
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. BMO: Pricing information from published website as of 01/18/2025 based on 60603 zip code. Western Alliance Bank: Information sourced from the published website as of 02/05/2025. |
BMO Smart Advantage Checking Account - Earn $350 Cash Bonus*
$350 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 2/4/25 - 5/2/25. *Conditions Apply. Accounts are subject to approval and available in the U.S. by BMO Bank N.A. Member FDIC
BMO Smart Money Checking Account - Earn $350 Cash Bonus*
$350 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 2/4/25 - 5/2/25. *Conditions Apply. Accounts are subject to approval and available in the U.S. by BMO Bank N.A. Member FDIC
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
High Yield Savings Account - 4.30% APY
- No fees
- $1 minimum deposit
- 24/7 online access
- FDIC insured
High-Yield CD Rates - Up to 4.17% APY
- 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: BMO or Western Alliance Bank?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing BMO or Chase.
In short: BMO's mobile app is notable. Western Alliance Bank's savings and cd are outstanding.