BMW Bank vs Western Alliance on Raisin: Which Savings Account Pays More?
BMW Bank pays 4.15% APY on Raisin; Western Alliance pays 4.30% for 90 days, then 4.00%. Which earns more over 90 days and a year, how STACK counts both, and when to split.
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BMW Bank pays more over a full year: 4.15% APY against Western Alliance’s 4.30% for the first 90 days, then 4.00% (both on Raisin, checked Nov 8, 2026). Western Alliance is ahead for the first 90 days, BMW catches up around day 180, and on $25,000 BMW ends year one about $19 ahead. The gap is small. Both have $1 to open, no fees, FDIC insurance at separate banks, and both count toward Raisin’s STACK bonus for new customers through Nov 30, 2026.
Raisin lists two savings accounts we track: BMW Bank High Yield Savings and Western Alliance Bank High Yield Savings. If you are opening a Raisin account, you will probably pick one of these. Here is how they compare, and when it makes sense to use both.
BMW Bank vs Western Alliance on Raisin at a glance
| BMW Bank High Yield Savings | Western Alliance Bank High Yield Savings | |
|---|---|---|
| APY | 4.15% | 4.30% for the first 90 days (new Raisin users), then 4.00% standard |
| Rate date (per Raisin) | Shown as Nov 9, 2026 when checked the evening of Nov 8 | Oct 27, 2026 |
| Minimum to open | $1 | $1 |
| Monthly fee | None | None |
| Where you open it | Only through Raisin | Through Raisin (Western Alliance also has a separate direct Premier account) |
| FDIC insured | Yes, BMW Bank of North America (cert 35141), pass through via Raisin | Yes, Western Alliance Bank (cert 57512), pass through via Raisin |
| STACK bonus | Counts toward it | Counts toward it |
Rates from Raisin’s BMW Bank and Western Alliance product pages, checked Nov 8, 2026. Both rates are variable and can change.
Which earns more, and when?
| Balance | BMW, first 90 days | Western Alliance, first 90 days | BMW, first year | Western Alliance, first year | BMW ahead by |
|---|---|---|---|---|---|
| $10,000 | $102 | $106 | $415 | $407 | $8 |
| $25,000 | $256 | $265 | $1,038 | $1,018 | $19 |
| $50,000 | $512 | $530 | $2,075 | $2,037 | $38 |
| $100,000 | $1,023 | $1,060 | $4,150 | $4,074 | $76 |
Simple interest estimates at today’s rates, no withdrawals. Western Alliance: 90 days at 4.30%, then 4.00%.
- First 90 days: Western Alliance pays 0.15% more, about $9 on $25,000.
- Day 90 to about day 180: BMW pays 0.15% more and wins back the difference.
- After about six months: BMW is ahead and stays ahead as long as rates stay where they are.
So Western Alliance only comes out on top if you expect to move the money within about six months. For money you plan to leave longer, BMW pays more at today’s rates. Learn how the promo works in how Raisin rate locks work and what happens when a promo rate ends.
BMW Bank High Yield Savings
Earn 4.15% APY with BMW Bank's high yield savings, exclusively on Raisin- Limited time: use code STACK for a cash bonus up to $1,000*
- No direct deposit, account fees or balance requirements
- Deposits held by BMW Bank of North America, Member FDIC
- FDIC insurance up to $250,000 for individual accounts and $500,000 for joint accounts
Do both accounts count toward the STACK bonus?
Yes. Raisin’s STACK welcome bonus is based on your total qualifying deposit with partner banks on the Raisin platform, so money split between BMW Bank and Western Alliance adds up toward one tier:
| Total deposited within 14 days | Welcome bonus |
|---|---|
| $10,000 to $24,999 | $40 |
| $25,000 to $49,999 | $100 |
| $50,000 to $99,999 | $200 |
| $100,000 to $199,999 | $425 |
| $200,000 or more | $900 |
You must be new to Raisin, enter code STACK at sign up, start your first deposit by Nov 30, 2026, 11:59pm ET, deposit within 14 days and keep the money on Raisin for 90 days. If your balance drops below a tier during those 90 days, you get the lower tier. The extra Savings + CD Boost ($10 to $100) needs at least $1,000 in a CD as well; a second savings account does not count. Full details in our Raisin STACK bonus guide.
Should you split money between BMW and Western Alliance?
Splitting makes sense in two cases:
- You have more than $250,000. BMW Bank and Western Alliance Bank are separate banks, so each has its own FDIC limit of $250,000 per depositor, per ownership category. Through one Raisin login, a single owner could keep up to $500,000 insured across the two. See how to insure more than $250,000.
- You want both the 90 day lock and BMW’s higher ongoing rate. In practice the difference is a few dollars, so most people are better served by keeping it simple.
One catch: if you also have Western Alliance’s direct Premier account, balances in both Western Alliance accounts count toward one FDIC limit. See Raisin vs Premier.
Are BMW Bank and Western Alliance safe?
Yes. BMW Bank of North America (FDIC certificate 35141) is owned by BMW Financial Services NA. Western Alliance Bank (FDIC certificate 57512) is the same bank behind Western Alliance’s direct Premier account. On Raisin, your money is held in a custodial account at the bank you choose and is eligible for pass through FDIC insurance if the conditions are met. More in is BMW Bank legit?, is Western Alliance Bank legit? and is Raisin legit?
Our take
For most people opening a Raisin savings account, BMW Bank is the better long term pick at today’s rates, by a small margin. Western Alliance wins only for money you will move within about six months. Either way, the STACK bonus is worth far more than the rate gap if you can deposit $10,000 or more by Nov 30. Compare both with every other account in our best high yield savings accounts.
How the insurance works on Raisin: is Raisin FDIC insured?
Frequently asked questions
Which pays more on Raisin, BMW Bank or Western Alliance?
Over a full year, BMW Bank. It pays 4.15% APY; Western Alliance pays 4.30% APY for the first 90 days, then 4.00% (Raisin rates checked Nov 8, 2026). Western Alliance is ahead only for roughly the first six months.
Can I open both BMW Bank and Western Alliance savings on Raisin?
Yes. Raisin lets you hold accounts at several partner banks with one login, and deposits across them count toward one STACK welcome bonus tier.
Does a second savings account earn the Savings + CD Boost?
No. The boost needs at least $1,000 in a CD as well as savings, kept above $1,000 in both categories.
Are BMW Bank and Western Alliance insured separately?
Yes. They are separate FDIC insured banks (certificates 35141 and 57512), so each has its own $250,000 limit per depositor, per ownership category.
What happens after Western Alliance’s 90 day rate lock?
The account moves to its standard variable rate, which Raisin lists as 4.00% APY as of Oct 27, 2026.
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