Western Alliance Bank Checking Accounts
Personal Checking
Western Alliance Personal Checking account is a standard, no-frills checking account. The account requires a minimum opening deposit of $100 and charges a $5 monthly fee, which can be easily waived by having one monthly recurring direct deposit or by maintaining a daily balance of at least $500.
Personal Interest Checking
Western Alliance also offers an interest-earning checking account, but it charges a higher monthly fee of $10. However, the fee is waived for individuals age 55 and older and can also be avoided by maintaining a daily balance of at least $500 The minimum deposit required to open an account is $100.
Depending on your account balance, you could earn between 025% and 0.65% APY.
Business Checking
You’ll also find several business checking accounts at Western Alliance Bank: Business Checking, Business Interest Checking, Business Advantage Checking and Analyzed Business Checking. Each account incurs a monthly service fee, which can be waived by meeting specific requirements. Accounts require a minimum deposit of $100.
Western Alliance Bank Savings Accounts
Personal Savings
The Personal Savings account from Western Alliance earns an APY of just 0.05% and requires a minimum opening deposit of $100. It charges a monthly service fee of $3, but this can be avoided with a minimum daily balance of $250 or for minors under the age of 18 in a minor savings account with an approved legal guardian.
Since the APY on this account is very low—only 0.05%—opting for Western Alliance’s high-yield savings account is a better option, as long as you can meet the higher minimum deposit requirement.
High-Yield Savings Premier
Instead of choosing the Western Alliance Bank High Yield Savings Premier Account, you’d be better off opening the bank’s high-yield savings account option, which earns a highly competitive 4.25% APY. The only drawback is that it requires a higher minimum deposit of $500, but it does not charge any monthly fees.
You won’t find this account readily advertised on the Western Alliance website. To see the account online, you’ll have to search for it manually.
Business Savings
The Business Savings account requires an opening deposit of $1,000 and earns a low rate of 0.05% APY. The account also charges a $10 monthly maintenance fee, but this can be avoided by maintaining your initial balance of $1,000. A maximum of 25 deposits are allowed per month.
Western Alliance Money Market Accounts
Personal Money Market
The Personal Money Market account from Western Alliance Bank is a tiered-rate account that requires an opening deposit of $100 and earns between 0.55% and 1.40% APY, depending on the account balance. The account charges a $10 monthly service fee, but this can be avoided by maintaining a daily balance of $2,500.
Western Alliance Bank also offers a Relationship Money Market account, which requires a $10,000 deposit but earns higher APYs across balance tiers.
Business Money Market
Western Alliance Bank’s Business Money Market account also earns between 0.55% and 1.40% APY, except it requires an initial deposit of at least $1,000. Up to 25 items can be deposited per month, with a fee for items deposited over this limit.
Western Alliance Bank Certificates of Deposit
Western Alliance offers CDs with terms ranging from 30 days to five years. A minimum opening deposit of $1,000 is required to open an account.
Rates and details as of 07/02/2025
Two Relationship CDs are also available: a three-month option and a six-month option. These accounts require a minimum opening balance of $25,000, but they offer higher rates. The three-month CD earns 4.15%APY, while the six-month CD earns 4.40% APY.