Western Alliance Bank vs BMO

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

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

While BMO has over 900 branches and is the 7th largest bank in North America by assets. Smart Advantage checking has no fee and no minimum balance if you opt for eStatements. Savings Builder needs just $25 to open and has $0 monthly fee. Standard and Special CDs require a minimum opening deposit of $1,000.

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

	Western Alliance Bank	BMO
	SPECIAL OFFER High-Yield Savings Premier - 3.80% APY Read Western Alliance Bank Review	SPECIAL OFFER Savings Account - Up to $60 Bonus - Learn More Read BMO Review
	Benefits and Features
Savings	High-Yield Savings Premier: 3.80% APY	0.01% APY. $5 reward every month you save $200 or more, for the first year.
CD	Up to 4.00%; 2-12 month term CDs. $1 minimum deposit.	0.05% - 2.50% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.
Checking	Personal Checking, Personal Interest Checking	Smart Advantage, Smart Money, Relationship
Money Market		Up to 2.30% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance.
ATMs		40,000+ BMO and Allpoint ATMs
Customer Service		Monday–Friday, 7 a.m.–11 p.m. (CT), and Saturday–Sunday, 8 a.m.–10 p.m. (CT)
IRA CD		0.05% - 0.75% 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	35 locations	900+ branches
	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: Free checking with eStatements Large ATM network Good financial tools Cons: Limited branches Low savings APY
Bottom Line	Solid bank that offers high APY savings products with a fully digital experience... Read full review	Midwest bank with options for low and high-balance customers... Read full review
	Visit Site	Learn More
	High Yield Savings Account - 3.80% APY High-Yield CD Rates - Up to 4.00% APY 2-Month High-Yield CD - 4.00% APY	Savings Account - Up to $60 Bonus Alto Online Savings Account - 3.15% APY Business Platinum Money Market - Up to 2.30% APY
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 02/21/2026. BMO: Pricing information from published website as of 02/21/2026 based on 60603 zip code.

High-Yield Savings Premier - 3.80% APY

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No account fees
Option to open individual or joint account
FDIC insured up to $250,000 per depositor
Only $500 minimum opening deposit

The annual percentage yield (APY) is accurate as of January 8, 2026 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

High Yield Savings Account - 3.80% 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 4.00% APY

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on Raisin's Secure Website

No fees
$1 minimum deposit
FDIC insured

Term	CD Rates
2 Month	4.00% APY
3 Month	4.00% APY
4 Month	4.00% APY
5 Month	3.40% APY
6 Month	3.50% APY
9 Month	3.40% APY
12 Month	3.30% APY

Which is Better: Western Alliance Bank or BMO?

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: Western Alliance Bank's savings and cd are outstanding. BMO's mobile app is notable.