Finally a savings account that lets your money work smarter.
Along with a competitive, variable rate and no monthly maintenance fees, the Ally Bank Savings Account comes with tools to help grow your money faster. We found people have saved, on average, 2x more when they’ve used our smart savings tools.
Organize using buckets.
Set money aside for what matters to you. All in one place.
Divvy up your savings without multiple bank accounts or hard math.
Like digital envelopes, savings buckets stash your cash for whatever you want (or want to do). Use them to track your progress, all while earning interest on your total balance. Then, carry that organizational savvy into your spending using our spending buckets.
Optimize with boosters.
Accelerate your savings and put part of your strategy on autopilot.
Recurring Transfers
Set it and forget it. Move money into your savings on a schedule that makes sense for you.
Round Ups
We track your spending accounts with us for transactions we can round up to the nearest dollar. When you accrue at least $5 in round ups, we transfer it to your savings.
Surprise Savings
We analyze your linked checking accounts for safe-to-save money, then transfer it to your savings so you don’t have to.
Meet our dynamic duo.
Our Savings and Spending Accounts work better together. With features like round ups and buckets, you can grow your savings while staying on top of everyday spending.
Open Both AccountsCome for the helpful tools. Stay for everything else.
No monthly maintenance fees or minimum balance requirements.
Keep in mind, with this type of account there’s a limit of 10 withdrawals per statement cycle.
About the transaction limit
Your money earns money with interest compounded daily.
Rate is variable and may change after the account is opened. Deposits are insured by the FDIC up to the maximum allowed by law.
More about FDIC coverageEarn more than 5x the national average.
The national average for this type of account is 0.39% APY, based on rates published in the FDIC Monthly National Rates and Rate Caps accurate as of 12/15/2025.
24/7 support.
Call, chat or email us any time. A real person is always available to help, day or night.
Direct deposit is a breeze.
Let us prefill your form so you can focus on growing your savings.
Explore Direct DepositSee how we compare.
Our features maximize the way you save. Take a look for yourself.
Savings Account
monthly maintenance fees
$0
minimum opening deposit
$0
Tool to organize your savings—no additional account required:
Yes - Buckets
Tool to analyze any linked checking account for safe-to-save money:
Yes - Surprise Savings
Advantage Savings
monthly maintenance fees
$8
minimum opening deposit
$100
Tool to organize your savings—no additional account required:
Yes
Tool to analyze any linked checking account for safe-to-save money:
No
Chase SavingsSM
monthly maintenance fees
$5
minimum opening deposit
$0
Tool to organize your savings—no additional account required:
No
Tool to analyze any linked checking account for safe-to-save money:
No
Way2Save® Savings
monthly maintenance fees
$5
minimum opening deposit
$25
Tool to organize your savings—no additional account required:
No
Tool to analyze any linked checking account for safe-to-save money:
No
What you should know.
Our features information is accurate as of 2/17/2026.
Banks with maintenance fees often offer more than one condition, one of which you may be able to satisfy, to waive the fee or fees.
Our Annual Percentage Yields (APYs) are accurate as of . Keep in mind, these rates are variable and may change after the account is open. Fees may reduce earnings. The APYs for other banks are provided by mybanktracker.com and are accurate as of . The APYs in this table are for the state of California and based on a minimum daily balance of $5,000.
Ally Bank Savings Accounts have a range of account balances called balance tiers. We’re required to tell you the APY we pay is based on the tier in which your end-of-day balance falls. The APY may remain the same for all balance tiers or change based on your account’s daily balance.
That being said, we’ve simply made the current APY available across all our balance tiers.
Ally Bank Savings Account balance tiers:
Less than $5,000
Between $5,000 and $24,999.99
$25,000 or more
The APY we pay is based on the tier in which your end-of-day balance falls. APYs are variable and subject to change.
The APY of our Savings Account is more than 5x the national average of 0.39% APY, based on the national average of savings accounts rates published in the FDIC Monthly National Rates and Rate Caps accurate as of 2/17/2026.
Fees, a short story.
You shouldn't be nickel and dimed for using your own money.
There's a lot we don't charge for
Monthly maintenance fees | $0 |
Overdraft item fees | $0 |
$0 | |
Incoming wires (domestic and international) | $0 |
$0 | |
$0 |
...and we won't hide the fees we do have.
Expedited delivery | $15 |
Outgoing domestic wires | $20 |
Get to know every aspect of this account before you sign up.
Check out our Straight Talk Product Guide (PDF)
Better banking, starting now.
Get your account up and running in minutes.
Tell us about yourself. We'll need some personal info, like your address and Social Security number.
Add money to your account. The faster you fund, the sooner you'll earn interest.
Enjoy all the perks. Start exploring everything we have to offer.
The reviews are in.
People like it here. We think you will, too.
Average Rating
FAQs
We have answers.
There are several ways to add money to your account:
1. Online transfers: You can transfer money from another Ally account or an account you have at another institution, right from our app. Select Menu and then Linked Accounts to link your accounts at other banks.
2. Ally eCheck Deposit℠: You can deposit a check in our app with your phone’s camera. Make sure each check is properly endorsed with signatures of all payees. Also write For Mobile Deposit Only on the back.
3. Wire transfer: If you want to wire money from an account you have at another institution, select Menu and then choose Wire Money. Then select Receive a wire for more info on how you can wire from another financial institution into your Ally Bank account.
4. Mail your check: Make sure each check is properly endorsed with signatures of all payees and include a deposit slip if you have one. Also write your account number and For Deposit Only on the back. Be sure to seal the envelope properly and mail it to us at:
Ally Bank P.O. Box 13625 Philadelphia, PA 19101-3625
5. Direct deposit: Head over to our direct deposit setup page and set it up with your payment provider to automatically add money to your account every time you get paid.
6. Add cash to a Spending Account: Visit a Walmart Money Center or customer service desk and show the associate your unique barcode to add cash. To get your barcode, log in to our app, go to Menu and select Add Cash.
You can make 10 limited withdrawals and transfers per statement cycle from your Savings Account. There’s no fee for going over the limit, but we’ll close your account if you exceed it on more than an occasional basis.
You can withdraw money in these four ways:
Online funds transfer
Outgoing wire transfer
Telephone transfer
Check request
We limit certain types of withdrawals and transfers from savings accounts to 10 per statement cycle. These limited transactions include online and mobile banking transfers, between Ally Bank accounts or to a third party.
Some transactions are unlimited. You can make as many deposits as you like, and you can call us at any time to request a check made out to you.
We won't ever charge excessive transaction fees. However, we'll close your account if you exceed the limit on more than an occasional basis.
Our savings account includes buckets and boosters, designed to help you organize and optimize your savings. Like digital envelopes, savings buckets help you organize whatever you're saving for without needing multiple accounts. Boosters like Surprise Savings and Round ups are money-saving tools to help you reach your goals faster.
Our money market account doesn't have buckets and boosters, but does offer a debit card and checks.
No, because the two account types include different features, and utilize different ways of accessing funds. Instead, a new Money Market Account must be opened. Then, you can choose to keep both accounts, or request to close the account you no longer want.
Still have questions? Visit our Help Center.