Western Alliance Bank High-Yield Savings: Maximize Your Earnings Now
Fees
Understanding the fees associated with a savings account is crucial for effective financial planning. The Western Alliance Bank savings account is designed to offer considerable savings by eliminating common savings account fees like monthly maintenance charges. Customers can enjoy the benefit of no monthly fees, making it easier to save without incurring unnecessary costs. This feature stands out among traditional banking options.
Monthly Maintenance Fees
One of the most appealing aspects of the Western Alliance Bank savings account is the absence of monthly maintenance fees. This can lead to significant savings over time, allowing account holders to retain more of their earnings. Instead of worrying about a regular deduction from their balance, customers can focus on growing their savings.
Transaction Limitations
While the account offers unlimited deposits, there are certain transaction limitations that users should keep in mind. Federal regulations typically allow for up to six withdrawals or transfers each month. Exceeding this limit incurs an excess withdrawal fee of $15.00, which can affect the account’s growth if not monitored carefully. Understanding these transaction limitations is essential for maintaining an optimal balance between savings and accessibility.
| Fee Type | Amount |
|---|---|
| Excess Withdrawal Fee (Savings) | $15.00 |
| Closing Fee (within 90 days of opening) | $25.00 |
| Dormant Account Fee (per month) | $5.00 |
| Paper Statement Fee | $10.00 |
| Stop Payment Fee (In-branch) | $30.00 |
| NSF Item Paid Fee (per item) | $35.00 |
Customer Service and Support
Western Alliance Bank prioritizes robust customer service support to ensure account holders have a seamless banking experience. Customers can reach support teams through various channels, including dedicated phone lines for personal and business accounts. The personal customer service team is available Monday through Friday from 6:00 a.m. to 6:00 p.m. PST, as well as Saturday from 8:00 a.m. to 2:00 p.m. PST, making assistance readily available for all savings account questions.
