Western Alliance vs. Capital One 360 Performance Savings: Which Is Better?
Western Alliance pays a higher rate with a $500 minimum and a simple online portal. Capital One 360 pays less but has no minimum, a top rated app and branches. Here is how they compare.
Western Alliance Bank High Yield Savings Premier3.80% Top APYas of Jan 8, 2026Learn more Read review
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Western Alliance pays more: 3.80% APY vs. 3.20% APY at Capital One 360 Performance Savings, with no monthly rules at either. On $10,000 that is about $380 vs. $320 a year. Capital One is the better fit if you want no minimum, a highly rated app, branches and checking at the same bank. Western Alliance needs $500 to open and is managed through an online portal, with no app.
These two accounts suit different savers. Western Alliance is a rate first account from a large regional bank. Capital One 360 is a full online and branch bank that pays less on savings but does more.
Western Alliance vs. Capital One 360 at a glance
| Western Alliance High Yield Savings Premier | Capital One 360 Performance Savings | |
|---|---|---|
| APY | 3.80% (as of Jan 8, 2026) | 3.20% (as of Oct 27, 2026) |
| Rules for the APY | None | None |
| Minimum to open | $500 | $0 |
| Monthly fee | None | None |
| Joint accounts | Yes | Yes |
| Mobile app | None for this account; online portal | 4.8 App Store, 4.5 Google Play |
| Branches | No branch access for this account | Withdrawals at a Capital One branch |
| Moving money | ACH to a linked account; withdrawals can take up to five business days; $250,000 per transfer | Transfers to Capital One and linked accounts; $30 fee for outgoing domestic wires |
| Phone support | Monday to Friday, 6am to 6pm PT | 8am to 11pm, 7 days a week |
| The bank | Western Alliance Bank (FDIC 57512) | Capital One, N.A. (FDIC 4297) |
| Our score | 4.2 | 4.4 |
App ratings checked Sep 28, 2026. Rates checked on each bank’s website Oct 11, 2026. Western Alliance’s APY disclosure is dated Jan 8, 2026.
Which pays more?
Western Alliance, at our latest check: 3.80% vs. 3.20% APY.
| Balance | Western Alliance, 1 year | Capital One 360, 1 year |
|---|---|---|
| $10,000 | $380 | $320 |
| $25,000 | $950 | $800 |
| $50,000 | $1,900 | $1,600 |
Estimates: balance held 12 months at today’s APY. Rates are variable.
Neither is the top rate we track. If rate is all that matters, Pibank Savings pays 4.40% APY with no rules at our latest check.
Which is easier to use?
Capital One. It has a highly rated app, phone support seven days a week, and you can pair savings with 360 Checking at the same bank for quick transfers between them. Western Alliance runs this account through an online portal with weekday phone support, and withdrawals can take up to five business days.
What about getting cash?
Neither savings account has an ATM card. At Capital One you can move money to 360 Checking and use its debit card, or withdraw at a branch. At Western Alliance, you transfer to your linked bank first.
Are both safe?
Yes. Western Alliance Bank (FDIC 57512) is a large regional bank based in Phoenix, and Capital One, N.A. (FDIC 4297) is one of the largest US banks. Both are covered up to $250,000 per depositor, per ownership category. Read is Western Alliance Bank legit?
Which should you choose?
Pick Western Alliance if you
- Want the higher rate and have at least $500.
- Rarely move money in or out.
- Do not need an app.
Pick Capital One 360 if you
- Want checking and savings at one bank.
- Value an app, weekend support or branch access.
- Are starting with less than $500.
Compare more options on our best high yield savings accounts page, or see Peak Bank vs. Western Alliance.
Rates are variable and can change at any time. Each rate shows the date the bank says it applies; we check every figure against the bank’s own website.
Frequently asked questions
Does Western Alliance or Capital One pay more on savings?
At our latest check, Western Alliance pays 3.80% APY and Capital One 360 Performance Savings pays 3.20% APY.
Does Western Alliance have a mobile app for savings?
Not for the High Yield Savings Premier account. It is managed through an online portal.
Is there a minimum deposit?
Western Alliance needs $500 to open. Capital One 360 Performance Savings has no minimum.
Can I withdraw cash from these savings accounts?
Neither has an ATM card. Capital One customers can withdraw at a branch or move money to 360 Checking; Western Alliance customers transfer to a linked bank.
Are Western Alliance and Capital One FDIC insured?
Yes. Western Alliance Bank is FDIC certificate 57512 and Capital One, N.A. is certificate 4297.
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