Prime Alliance Bank:
Online Savings Account - 3.65% APY

• No monthly maintenance fees or minimum balance requirement.
• Online banking and mobile banking included.
• Deposit checks using the mobile app for free.
• Unlimited deposits and up to six withdrawals/transfers per month (withdrawal restriction temporarily suspended per Reg D update).


Fee and Feature Guide

Savings Account
Interest Rate
APY 3.65%
Minimum deposit amount $0.00
Maximum deposit amount N/A
Balance Requirements
Minimum Opening Deposit $0.00
Minimum Balance to Avoid Fees $0.00
Minimum Required Balance $0.00
Fees
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.

Customer Reviews for Prime Alliance Bank (10)


  • 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.

  • December 6, 2021 |

    Online Savings Rates

    Works fine, but I wish interest were credited monthly and not quarterly.

  • November 15, 2021 |

    Online Savings Rates

    Great rate and never a problem.

  • October 1, 2021 | | Replies 1

    Online Savings Rates

    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.

    jennilou23 | Jan 28, 2023

    You will not lose interest if closed before the next interest posting

  • May 29, 2021 |

    Online Savings Rates

    Not a bad experience to open the account. I only learned that interest is credited quarterly and that is at least a nuisance. I wish I had known.

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