Save money and be informed. CreditDonkey is a bank comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

Western Alliance Bank vs SoFi

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

 Western Alliance Bank
Member FDIC
SoFi
 Visit SiteLearn More
 

Western Alliance Bank

SoFi

SPECIAL OFFER
High-Yield Savings Premier - 5.01% APY

Read Western Alliance Bank Review

OFFER
Refinance Student Loans - Learn More

Read SoFi Review

 

Benefits and Features

Savings
5.01% APY
4.50% APY on savings balances with direct deposit or qualifying deposits (1.20% APY without)
CDUp to 4.05%; 3-12 month term CDs. $1 minimum deposit.
N/A
Checking
N/A
0.50% APY on checking balances
Mobile App 
iOS & Android
ATMs 
55,000+ Allpoint ATMs
Customer Service Checking and Savings Support:
Phone: (855) 456-7634
Monday - Thursday: 5AM - 7PM PT
Friday - Sunday: 5AM - 5PM PT
24/7 online chat
Locations
35 locations
4 branch locations
 

CreditDonkey® Reviews

 Western Alliance BankSoFi
SavingsStarStarStarStarStar
CDStarStarStarStarStar
FeesStarStarStarStarStarStarStarStarStarHalf Star
Mobile AppStarStarHalf StarEmpty StarEmpty Star
Customer ServiceStarStarStarEmpty StarEmpty Star
Interest RatesStarStarStarStarHalf Star
EligibilityStarStarHalf StarEmpty StarEmpty Star
Pros & ConsPros:
  • High APY
  • No account activity or maintenance fees
Cons:
  • No debit card or checks
Pros:
  • Competitive, fixed rates
  • Low fees
  • No collateral
Cons:
  • Slower underwriting process
  • High standards for borrowers
Bottom LineSolid bank that offers high APY savings products with a fully digital experience... Read full reviewPersonal loans with low APR and fees. Must have good credit to qualify... 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 09/26/2024.

High-Yield Savings Premier - 5.01% APY

High-Yield Savings Premier - 5.01% APY

  • No account activity or maintenance fees
  • $500 minimum opening deposit
  • FDIC insured
The annual percentage yield (APY) is accurate as of 10/8/2024 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
Western Alliance Bank
Member FDIC

High Yield Savings Account - 4.70% APY

on Raisin's Secure Website
  • No fees
  • $1 minimum deposit
  • 24/7 online access
  • FDIC insured
Western Alliance Bank

High-Yield CD Rates - Up to 4.05% APY

on Raisin's Secure Website
  • No fees
  • $1 minimum deposit
  • FDIC insured

Term CD Rates
3 Month 4.05% APY
5 Month 3.85% APY
6 Month 3.75% APY
9 Month 3.00% APY
12 Month 3.00% APY

Which is Better: Western Alliance Bank or SoFi?

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.


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 SoFi

SoFi Personal Loan

SoFi offers unsecured personal loans if you need to borrow money ASAP. But is it legit (or not)? Learn how SoFi personal loans actually work.

SoFi Bank

Seeking high rates and a great digital banking experience? SoFi Bank offers solid accounts and a top-rated mobile app. Read on to know more.

SoFi Bank Locations

SoFi is an online bank offering checking and savings accounts. But does it have physical branches? Keep reading to find out.

SoFi High Yield Savings

Want a high APY and easy access to your money? Get the best of both worlds with SoFi's Checking and Savings account.

Which Do You Think is Best?





Which Bank Account is Right for You?


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.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2024 CreditDonkey Inc. All Rights Reserved.