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Western Alliance Bank vs Ally Bank

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

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

While Ally Bank offers high interest on their Savings account. It also offers interest checking and multiple CD options, including No Penalty and Raise Your Rate CDs. There is no minimum deposits or service fees for any of their banking products.

Compare Western Alliance Bank with Ally 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

Ally Bank

SPECIAL OFFER
High-Yield Savings Premier - 5.36% APY

Read Western Alliance Bank Review

SPECIAL OFFER
Online Savings Account - 4.20% APY - Learn More

Read Ally Bank Review

 

Benefits and Features

Savings
5.36% APY
4.20% APY
CDUp to 5.30%; 3-12 month term CDs. $1 minimum deposit.3.00% to 4.50% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.50%
Checking
N/A
0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000
Money Market 
4.20% APY
Mobile App 
iOS & Android
ATMs Over 43,000 no-fee Allpoint ATMs
Customer Service 
24/7
Locations
35 locations
Online only
 

CreditDonkey® Reviews

 Western Alliance Bank
SavingsStarStarStarStarStarStarStarStarStarEmpty Star
CDStarStarStarStarStar
FeesStarStarStarStarStar
Mobile AppStarStarHalf StarEmpty StarEmpty StarStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarStar
CheckingStarStarStarStarEmpty Star
Money MarketStarStarStarStarEmpty Star
Pros & ConsPros:
  • High APY
  • No account activity or maintenance fees
Cons:
  • No debit card or checks
Pros:
  • CD options
  • No account minimums
  • Good customer service
Cons:
  • Low Checking APY for lower balance customers
Bottom LineSolid bank that offers high APY savings products with a fully digital experience... Read full reviewSolid online bank with a great user-friendly website and customer service... 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 04/30/2024.

Ally Bank: Pricing information from published website as of 05/14/2024.

High-Yield Savings Premier - 5.36% APY

High-Yield Savings Premier - 5.36% APY

  • 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
Western Alliance Bank
Member FDIC

3-Month High-Yield CD - 5.21% APY

  • No fees
  • $1 minimum deposit
  • 24/7 online access
  • FDIC insured
Western Alliance Bank
Member FDIC

5-Month High-Yield CD - 5.16% APY

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

Which is Better: Western Alliance Bank or Ally 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 Chase.

In short: Western Alliance Bank's savings is outstanding. Ally Bank's mobile app and customer service 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 Ally Bank

Ally Bank

Ally Bank offers good interest rates and no account minimums. But is this popular online bank good for you? Learn the benefits (and drawbacks) here.

Ally Bank Locations

Ally is an excellent online bank with no physical locations. So, how can you access your funds? Read on to find out.

Ally High Yield Savings

Ally Savings offers a strong APY and various savings tools to help you boost your funds. Read on to find out more.

Ally Bank Problems

Ally Bank is well-known for having attractive APYs and practically no fees. But, what's the catch? Read on to know what nuisances you may encounter.

Ally Savings vs Money Market

Ally's Money Market and Savings accounts boast high APYs with no hidden fees. But, how do they differ? Read on to find out.

Ally Bank CD Rates

Ally Bank CD accounts offer high APYs and require no minimum deposit. But what is the catch? Learn more about Ally CD rates in this review.

Ally Bank Routing Number

Looking to transfer money in or out of your Ally account? You'll need the right routing number. Find your Ally routing number and learn more about money transfers in our guide.

Which Do You Think is Best?





Which Bank Account is Right for You?


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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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