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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 - 5.36% APY

Read Western Alliance Bank Review

OFFER
Refinance Student Loans - Learn More

Read SoFi Review

 

Benefits and Features

Savings
5.36% APY
Up to 4.60% APY
CDUp to 5.30%; 3-12 month term CDs. $1 minimum deposit.
N/A
Checking
N/A
0.50% APY on checking balances with direct deposit activity or qualifying deposits
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 04/30/2024.

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 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 Chase.


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 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.

SoFi Mortgage Review

Thinking about buying a home or refinancing your existing mortgage? Is SoFi a good online lender or should you stick with a traditional bank? Read on for the pros and cons.

Which Do You Think is Best?





Which Bank Account is Right for You?


About CreditDonkey
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