All savings
Online bank FDIC insured
Ally Bankhigh-yield savings
Online Savings Account
Ally Bank's flagship online savings account with award-winning service and useful saving tools.
4.20%
Annual Percentage Yield
Minimum deposit
$0
Monthly fee
None
Compounding
Daily
Pros and cons
Pros
- Highly rated mobile app
- 24/7 customer service
- Buckets feature
Cons
- No physical branches
Account terms
- Bank type
- Online bank
- FDIC insured
- Yes — up to $250,000
- Availability
- Nationwide
- Withdrawal limit
- 6 per month
National rate curve
Comparing 8 active high-yield savings accounts
Top 63% nationally
Deposit calculator
See how much you'd earn at 4.20% APY, compounded daily.
1 year
$10,429
+ $429 earned
3 years
$11,343
+ $1,343 earned
5 years
$12,337
+ $2,337 earned
More from Ally Bank
View bank →Rates and terms are illustrative. Always verify with Ally Bank before applying.