Ally Bank savings account rates
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Ally Bank is a popular online bank that offers a variety of financial products, including a high-yield savings account and various certificates of deposit (CDs). The high-yield savings account in particular offers a competitive interest rate, making it a solid choice for consumers looking to earn a better return for an emergency fund.
Savers can also take advantage of Ally’s savings buckets, which lets them earmark portions of their high-yield savings account for different goals, like a new home or unexpected emergencies.
Ally was named the overall best bank as part of the 2025 Bankrate Awards, with a Bankrate review score of 4.4 out of 5.
Ally Bank savings account interest rates
Ally offers the same interest rate regardless of your balance. The high-yield savings account has no minimum deposit and no monthly fees.
| Product Name | APY | Min. for APY |
|---|---|---|
| Savings | 3.60% APY | $0 |
Note: The annual percentage yield (APY) was last updated between April 15 and April 21 and may vary by region.
Rate history for Ally Bank's savings account
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
How Ally savings accounts compare to top-yielding banks
Ally consistently offers solid interest rates on its high-yield savings account, but you can still find slightly higher APYs elsewhere if you’re looking for the absolute best interest rates on savings accounts.
Online banks that are currently offering yields exceeding 4 percent include:
It may not be worth switching to a different bank to earn a slightly higher yield, if you already bank with Ally, or value the access to Ally’s other services, such as checking, lending or investing.
Other savings options at Ally
Ally also offers a money market account, which pays the same APY as the bank’s savings account, as well as certificates of deposit ranging from three months up to five years with competitive rates.
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