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.

		Ally BankCIT BankUFB DirectDiscover BankChaseBank of AmericaAxos Bank
	Visit Site	Learn 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
CD	Up 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
Savings
CD
Fees
Mobile App
Customer Service
Checking
Money Market
Pros & Cons	Pros: 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 Line	Solid bank that offers high APY savings products with a fully digital experience... Read full review	Solid online bank with a great user-friendly website and customer service... 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	Online Savings Account - 4.20% APY Money Market - 4.20% APY Interest Checking
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 05/08/2024.

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

Get Deal

• 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.

• Western Alliance Bank vs SoFi
• Western Alliance Bank vs Customers Bank
• Western Alliance Bank vs Pacific Western Bank

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 vs Discover Bank
• Ally Bank vs Chase
• Ally Bank vs Bank of America

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 vs CIT Bank
• Ally Bank vs Axos Bank

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?

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