Prime Alliance Bank:
Online Certificate of Deposit - 4.30% APY
• For Certificate of Deposit accounts, the interest rate (Rate) and annual percentage yield (APY) disclosed at account opening is fixed and will not change until the CD renews.
• Any withdrawal of interest prior to maturity will reduce earnings.
• Interest is paid quarterly.
Fee and Feature Guide
| Certificate of Deposit | |
|---|---|
| Interest Rate | |
| APY | 4.30% |
| Term Length | 12 Month |
| Minimum deposit amount | $500.00 |
| Maximum deposit amount | N/A |
| Balance Requirements | |
| Minimum Opening Deposit | $500.00 |
| Minimum Balance to Avoid Fees | $0.00 |
| Minimum Required Balance | $0.00 |
| Minimum To Earn | $0.00 |
| Fees | |
| Early withdrawal penalty | |
| Monthly Maintenance Fee | N/A |
| Foreign ATM Fees | N/A |
| Insufficient Funds Fee | N/A |
| Incoming Wires | N/A |
| Statements | |
| Paper Statements | × |
| Online Statements | Yes |
| Online and Telephone Banking | |
| Online Banking | Yes |
| Telephone Banking | Yes |
| Mobile Banking | Yes |
| Deposit Checks with Mobile Device | Yes |
| Free Bill Pay | × |
| Online Bill Payments Required | Yes |
| Account Opening | |
| Open Online | Yes |
| Insured by | F.D.I.C. |
Recent Rate Changes
| Date | APY |
|---|---|
| June 24, 2025 | 4.30% |
| March 21, 2025 | 4.25% |
| December 29, 2024 | 4.45% |
| September 27, 2024 | 4.50% |
| September 18, 2024 | 4.75% |
| August 24, 2024 | 5.00% |
| August 8, 2024 | 5.25% |
| March 26, 2024 | 5.30% |
| February 9, 2024 | 4.95% |
| January 12, 2024 | 5.15% |
| November 10, 2023 | 5.25% |
| October 6, 2023 | 5.65% |
| August 20, 2023 | 5.25% |
Customer Reviews for Prime Alliance Bank (11)
JBaker65
May 6, 2023 |
Fully functional bank account that would be great for my needs, but the quarterly interest payment thing is a real nuisance. I wish they would change it. It isn't market.
Is this review helpful? Yes:1 / No: 0
HappyPrimeAllianceCustomer
September 20, 2022 |
Prime Alliance Bank has a single branch (outside Salt Lake City) and does an excellent job with distance banking (we are based in Washington state). It stands out in several ways: (1) Interfacing with the bank is a dream come true. A live human being actually answers the phone (no queue line) and that person can usually handle the issue. (2) Another amazing standout feature is the speed at which they agreed to prepare a Bank Verification Letter that Amex was requiring when I opened took out a an Amex card. (3) As far as the account itself goes, Prime Alliance grants check writing privileges and allows joint (to include JTWROS) accounts, with a POD (Pay on Death) option (it is surprising how some of the high interest paying banks do not permit joint accounts or do not allow the Pay on Death feature. (4) Best feature of all: ACH transfers to my other bank accounts arrive THE NEXT DAY (submit request before 5pm MST). Never had a bank so fast on these. I am used to these taking 2 to 3 business days, often 3. Online interface is excellent. My sole regret is not dumping the major name brand bank I was using years earlier.
Is this review helpful? Yes:3 / No: 0
JaySN
December 6, 2021 |
Works fine, but I wish interest were credited monthly and not quarterly.
Is this review helpful? Yes:4 / No: 0
StuartC03
November 15, 2021 |
Great rate and never a problem.
Is this review helpful? Yes:0 / No: 0
John218632
October 1, 2021 | | Replies 1
I opened the account, having seen it listed on this site or on ratesandinfo.com after they raised their rate. I have not been disappointed but I have not needed to reach customer service. I did notice that interest is only credited quarterly and that means you will lose accrued interest in you close it on a day other than Jan 1, April 1, July 1 or October 1.
Is this review helpful? Yes:1 / No: 1
jennilou23 | Apr 4, 2022
You will not lose interest if closed before the next interest posting
Add Your Review
or use your BestCashCow account