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Western Alliance Bank (Member FDIC) mostly offers business bank accounts. It does offer some great personal accounts through digital marketplace Raisin, though — in fact, it pays some of the best CD rates out there.
Western Alliance CD Rates
Western Alliance offers a number of CD terms right now. Here are the CD rates:
| CD Term | APY (Annual Percentage Yield) |
Western Alliance CDs are available through Raisin, an online marketplace that connects you with high-interest accounts from partner banks. Typically, partner banks offer certain accounts exclusively through Raisin rather than directly through their websites or branches.
You only need
If you take out money before your term ends, you'll pay an early withdrawal penalty of 90 days of simple interest. Although this is a high penalty for a 3-month term, it's fairly standard for the other term lengths.
About Western Alliance Bank
Western Alliance Bank is a Member FDIC bank based in Arizona, and it offers business bank accounts. It has brands throughout the US, including Torrey Pines Bank, Bridge Bank, and
Western Alliance's brands focus on business banking, banking for homeowner association management, or mortgages. The only personal accounts it offers are through Raisin, including the Western Alliance savings account and its CD terms.
Western Alliance's Partnership with Raisin
Western Alliance Bank has partnered with Raisin to offer high-interest CDs and one of the best high-yield savings accounts out there. You can't open any of these personal accounts directly through Western Alliance, since it's a business bank.
Raisin is an online marketplace that started in Europe, and it recently expanded to the US. Accounts opened through Raisin have FDIC insurance. This means that even if you open a Western Alliance account through Raisin and the bank shut down, your insured funds would be safe.
Western Alliance CD Rate Comparison
Western Alliance pays higher CD rates than most other banks. But you may prefer a different bank if you're interested in more term lengths or types of CDs. Here's how Western Alliance Bank compares to popular national accounts:
Western Alliance Bank CDs vs. Sallie Mae CDs
Sallie Mae CD rates range from
However, Sallie Mae is a good option if you're looking for more CD term options. It has numerous term lengths going up to five years. Its rates are good overall, even if they're not as high as Western Alliance's rates.
It's worth noting that Sallie Mae also has some CD terms exclusively through Raisin. It has a 10-month CD paying
Western Alliance Bank CDs vs. Capital One 360 CDs
Capital One 360 pays
But Capital One 360 has more terms to choose from than Western Alliance, with a
Western Alliance Bank CDs vs. Synchrony CDs
Synchrony Bank CD rates are lower than Western Alliance rates overall, but it has many more types of CDs. Its regular CDs have a variety of term lengths and pay
Synchrony has other types of CDs, too. The
Western Alliance Bank CD Frequently Asked Questions
Does Western Alliance Bank offer CDs?
Yes, Western Alliance Bank offers 3-month, 5-month, 6-month, 9-month, and 12-month personal CDs through Raisin, a digital marketplace for high-yield bank accounts. You can also open business CDs directly with Western Alliance.
What are Western Alliance Bank CD rates?
Western Alliance Bank pays
Is my money safe in Western Alliance Bank?
Yes, money is safe with Western Alliance. It is a Member FDIC bank, so up to $250,000 is insured per account holder, per ownership category