Western Alliance
4.00% APY, 2.6x higher than national average
$1 minimum deposit. 24/7 online access
Excellent rates with no fees
Get peace of mind with fixed rates and guaranteed returns
Category Ratings
CDs#2
4.7
4.7
MoneyAtlas
Rating
Pros
Competitive APY of 3.75%: 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,