Western Alliance Bank logo

16-Month No Penalty CD

  • Excellent rates with NO fees.

  • FDIC insured. $1 minimum deposit. 24/7 online access.

  • {4EF2878D5376446BBAA9218C-APY} APY* 16 month No Penalty CD, {4EF2878D5376446BBAA9218C-APY}{FDIC-12-M-CD} higher than national average.

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Western Alliance Bank logo

16-Month No Penalty CD

  • Excellent rates with NO fees.

  • FDIC insured. $1 minimum deposit. 24/7 online access.

  • {4EF2878D5376446BBAA9218C-APY} APY* 16 month No Penalty CD, {4EF2878D5376446BBAA9218C-APY}{FDIC-12-M-CD} higher than national average.

Save Now

About Western Alliance Bank

A group of happy friends having pizza together

Year after year, Western Alliance Bank ranks high among the best commercial banks in the nation with more than $65 billion in assets, thanks to a combination of strong capacity, proven expertise and outstanding customer service. Western Alliance is a trusted, award-winning financial institution with experienced bankers who put customers first. Influential sources from American Banker to Bank Director again rank Western Alliance Bank among the top U.S. banks in 2023.


Caring for People and Communities

Western Alliance Bank is deeply committed to giving back to the community, working with purpose to improve people's quality of life, and fostering a diverse and inclusive culture.


Trusted Institution

Western Alliance Bank, Member FDIC, is a trusted resource for customers across the U.S. to help their savings thrive. Influential sources from American Banker to Bank Director again rank Western Alliance Bank among the top U.S. banks in 2023.


Exceptional Savings

The highly competitive products offered by Western Alliance Bank exclusively through Raisin are available to savers nationwide.

Understanding the different product types

explore high-yield savings accounts

High-yield savings & MMDA

Expedite your savings with APYs significantly higher than the national average.


Receive a competitive rate with the ability to withdraw or add funds whenever you like.

Interest rate

Variable, depending on market conditions.


Flexibility to withdraw as much as you want, whenever you want; there are no restrictions.

explore fixed term CD accounts

Fixed term CDs

Guaranteed rates and clear terms for easy planning or laddering – whatever your timeline.


Lock in to a competitive interest rate for a fixed period to better manage your return expectations.

Interest rate

Fixed for CD term regardless of market conditions.


Full withdrawal when fixed term expires. Penalty fee applies for early withdrawal, varies by institution.

explore no penalty CD accounts

No penalty CDs

Stability and flexibility in one: guaranteed interest rates, plus penalty-free full withdrawal.


The best of both worlds; lock in to a competitive fixed term interest rate with the flexibility of withdrawing.

Interest rate

Fixed for CD term regardess of market conditions.


You can make a full withdrawal as soon as 7 days after funding but rules may vary at different institutions.

Security Is Our Top Priority


FDIC logo

Deposits in Western Alliance Bank are insured by the FDIC up to the limits of federal law. The standard insurance amount is $250,000 per depositor, per insured bank, for each deposit account ownership category.

Click to learn more about FDIC insurance

Cybersecurity is a top priority at Raisin

SOC2 logo

We invest in a variety of technologies to protect our customer’s data, privacy and transactions. These include multi-factor authentication, encryption, and web application firewall advanced internet protection technologies. We are a SOC 2 certified organization, which means we have met the requirements outlined by the American Institute of Certified Public Accountants (AICPA) to ensure that we have the controls in place to keep customers' data secure and private.

Click to learn more about SOC 2 certification

Western Alliance Bank, Powered by Raisin


Western Alliance Bank uses the secure Raisin platform to offer savings products to savers nationwide. Customers open accounts at Raisin.com, and the platform manages all aspects of the products offered by Western Alliance Bank, including a customer's deposits and withdrawals, statements and any customer service needs. In simple terms, Raisin provides you exclusive access to a special selection of Western Alliance Bank products. Best of all, Raisin is completely free!

  • Security: Funds deposited into any of the products accessible through Raisin are held by federally insured institutions. We use a host of cybersecurity measures to protect your funds and sensitive information.

  • Choice: Savings products from our network of financial institutions offer flexible terms and some of the most competitive interest rates. You can easily find the right product or mix of products for you.

  • Convenience: One account to hold all your deposit products. Simplified statements. Easy access to manage your funds – all through a streamlined digital platform.

  • Service: A supportive, accessible, responsive customer service team based in New York, NY, sets Raisin apart.

  • Access: Enjoy 24/7 online access to your account and funds.


Read what the media is saying about Raisin.

  • U.S News

    Deposit Solutions is launching its savings portal in the United States

    Read article

Open an Account in 3-5 Minutes

Select a product


the right product for your savings goals.

Register for a Raisin account


with an email address and password, then verify your identity and bank information.

Add funds


the savings products you add to your new Raisin account.


Secure Messaging Center

Email: support.us@raisin.com

Call: 844-994-EARN (3276) (Monday to Friday from 9:00 a.m. - 4:00 p.m. ET)

The Raisin name and logo are trademarks of Raisin GmbH. All other trademarks, logos, marks, and brand names are the property of their respective owners — used with permission.

© 2023 Raisin GmbH. All rights reserved.

*APY means Annual Percentage Yield. APY is accurate as of {todayDate}. Interest rate and APY may change after initial deposit. Minimum opening deposit is $1.00.

Customer funds are held in various custodial deposit accounts. Each customer authorizes the Custodian Bank to hold the customer’s funds in such accounts, in a custodial capacity, in order to effectuate the customer’s deposits to and withdrawals from the various bank and credit union products that the customer requests through Raisin.com. The Custodian Bank does not establish the terms of the bank or credit union products and provides no advice to customers about bank or credit union products offered through Raisin.com. Central Bank of Kansas City, Member FDIC, d.b.a. Central Payments is the Service Bank. Lewis & Clark Bank is the Custodian Bank.