Pros
Competitive APY of 4.00%: Western Alliance Bank's 3-month CD account offers a rate significantly higher than the national average
Low minimum deposit of $1: The account can be opened with just $1 when accessed through the Raisin platform
No monthly maintenance fees: The account has no account activity or maintenance fees
Cons
Single linked external account: Withdrawals can only be made to one linked external bank account
Limited product offerings: Through Raisin, Western Alliance Bank currently only offers a high-yield savings account,