Western Alliance Bank vs Fifth Third Bank

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

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

While Fifth Third Bank has 1,300 branches across the Midwest and Southwest. Basic checking account requires $1,500 minimum balance to avoid fees. Promotional CD offers a high APY for terms up to 24 months with a $5,000 minimum opening deposit.

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

	Member FDIC	Fifth Third BankCIT BankUFB DirectChaseBank of AmericaU.S. BankWells FargoBMO Member FDIC
	Visit Site	Learn More
	Western Alliance Bank	Fifth Third Bank
	SPECIAL OFFER High-Yield Savings Premier - 4.30% APY Read Western Alliance Bank Review	SPECIAL OFFER Fifth Third Business Checking Account™ - Learn More Read Fifth Third Bank Review
	Benefits and Features
Savings	4.30% APY	0.01% APY
CD	Up to 4.36%; 3-12 month term CDs. $1 minimum deposit.	0.01% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 3.00% to 4.16% APY. Terms are 3, 7, 13, and 24, minimum deposit of $5,000.
Checking	N/A	Fifth Third Momentum® Checking: No monthly service charge Fifth Third Preferred Checking®: Interest-bearing checking account Fifth Third Student Banking: Personal checking account for students age 13 and up.
Money Market		0.01% APY Standard Rate (0.01% Relationship Rate)
ATMs		2,100+ Fifth Third ATMs plus 40,000+ fee-free ATMs nationwide
Customer Service		Mon-Fri 8:00 am - 6:00 pm (EST) Sat 10:00 am - 4:00 pm (EST)
Locations	35 locations	1,087 branch locations
	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 Express Checking Free student checking Promo CD with high APY Cons: Higher balance requirements Low savings APY Limited branches
Bottom Line	Solid bank that offers high APY savings products with a fully digital experience... Read full review	Midwest & Southwest bank with high balance requirements... Read full review
	Visit Site	Learn More
	High Yield Savings Account - 4.30% APY High-Yield CD Rates - Up to 4.36% APY 5-Month High-Yield CD - 4.36% APY	Fifth Third Business Checking Account™ Personal Checking Account - $300 Bonus
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 08/01/2025. Fifth Third Bank: Pricing information from published website as of 08/15/2025 based on 45202 zip code.

High-Yield Savings Premier - 4.30% 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 July 29, 2025 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

Member FDIC

High Yield Savings Account - 4.30% 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 4.36% APY

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on Raisin's Secure Website

• No fees
• $1 minimum deposit
• FDIC insured

Term	CD Rates
3 Month	4.15% APY
5 Month	4.36% APY
6 Month	4.00% APY
9 Month	3.90% APY
12 Month	3.80% APY

Which is Better: Western Alliance Bank or Fifth Third 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 CIT Bank.

In short: Western Alliance Bank's savings and cd are outstanding. Fifth Third Bank's mobile app and customer service are worth mentioning.

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
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• Western Alliance Bank vs Customers Bank

Articles on Fifth Third Bank

Fifth Third Bank Review

Fifth Third Bank has higher balance requirements and high service fees if they're not met. But it offers some unique programs. Read on to see if Fifth Third Bank is a good fit for you.

• Fifth Third Bank vs Chase
• Fifth Third Bank vs Bank of America
• Fifth Third Bank vs U.S. Bank

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