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All savings
Online bank FDIC insured

Ally Bank

Online Savings Account

Ally Bank's flagship online savings account with award-winning service and useful saving tools.

4.20%
Annual Percentage Yield
Apply at Ally Bank
Minimum deposit
$0
Monthly fee
None
Compounding
Daily

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 →
12-mo CD
4.50%
Ally Bank 12-Month CD
60-mo CD
4.20%
Ally Bank 5-Year CD
Checking
0.50%
Ally Bank Rewards Checking

Rates and terms are illustrative. Always verify with Ally Bank before applying.