A top-50 U.S. commercial bank offering one of the largest welcome bonuses we've ever seen — up to $1,500 with code FRESHSTART, on top of a 3.80% APY savings rate.
PickYourBank Rating
9.5
Overall
9.4
APY
10.0
Bonus
10.0
Fees
8.8
Service
3.80%
Savings APY
$1,500
New-customer bonus
$0
Maintenance fees
$250K
FDIC coverage
Founded in 1994 and headquartered in Phoenix, Western Alliance Bancorporation is one of the largest commercial banks in the U.S., with over $80 billion in assets and consistently ranked among Forbes' Best Banks in America.
Through partnerships with the Raisin platform, Western Alliance now brings its institutional-grade rates and security to consumer savers — with one of the most aggressive welcome bonus structures on the market.
Assets
$80B+
Founded
1994
HQ
Phoenix, AZ
Charter
FDIC-insured
Industry-leading bonus
Up to $1,500 with code FRESHSTART
Strong APY
3.80% on every dollar — no tiers, no games
Bank-grade security
256-bit encryption + Raisin platform protections
FDIC insured
Up to $250K per depositor
A focused product set powered by the Raisin platform — designed for savers who want serious APY without the runaround.
Headline rate + headline bonus.
3.80% APY · Up to $1,500 with code FRESHSTART
Lock-in or liquid — your call.
Competitive APYs on 3-month to 5-year terms
Built for SMBs, scaling teams, and founders.
Full commercial product suite
One of America's top commercial lenders.
$50B+ in commercial loans outstanding
Set up a free Raisin profile in about 5 minutes.
Use FRESHSTART at checkout to unlock the welcome bonus.
Transfer your qualifying deposit to start earning 3.80% APY.
Bonus credited to your Raisin account once qualifying activity is verified.
Yes. Western Alliance is one of the 50 largest commercial banks in the U.S. with $80B+ in assets, and your deposits are FDIC-insured up to $250,000 per depositor, per ownership category.
Raisin is a leading deposit marketplace that gives consumers access to high-yield savings products from top-rated U.S. banks. Your funds are held directly at Western Alliance — Raisin is just the platform that makes the experience seamless.
Use promo code FRESHSTART when signing up and meet the qualifying deposit threshold within the promotional window. Bonus tiers scale with deposit size — see the offer page for current requirements.
No. Western Alliance's high-yield savings (via Raisin) has $0 monthly maintenance fees, $0 transfer fees, and just $0.01 to start earning APY.
Standard ACH transfers settle in 1–3 business days. The Raisin platform handles all transfers seamlessly between your linked external bank and your Western Alliance savings.
A top-50 commercial bank, a strong 3.80% APY, zero fees, and up to $1,500 just for opening an account. Hard to argue with the math.
Advertiser disclosure: PickYourBank.com may receive compensation when you open an account through our links. This never influences our ratings or recommendations.
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