Ally Bank

Savings Account

Save smarter for what matters most.

Annual Percentage Yield

^%

on all balance tiers

Open New Account

Automate your savings, accelerate your goals.

Our smart savings tools help people save, on average, 2x more .

A phone screen showing a Savings Account with savings buckets, a progress chart and a goal tracker

Stay motivated and on track.
Set up automated savings tools, track growth and visualize potential.
Grow your balance faster over time.
Our rate is 5x the national average .
No monthly maintenance fees.
No matter your account balance.

There’s no minimum deposit to open an account. Rates are variable and may change after account opening. Fees may reduce earnings.

Divide and conquer your goals using buckets.

Divvy up your savings into categories that matter most to you, and track your progress without the hassle of multiple accounts or hard math.

Put part of your strategy on autopilot.

Set it and forget it with our savings boosters.

See how boosters work

A phone screen showing savings buckets and boosters with the text "You've saved $56.63 with Round Ups this year”

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 Accounts

Come for the helpful tools. Stay for the security and convenience.

Earn interest on your interest.

Grow your money daily with compounded interest .

Your savings, always secure.

Deposits are insured by the FDIC up to the maximum allowed by law.

24/7 support.

Call, chat or email us any time. A real person is always available to help, day or night.

Trust through transparency.

Giving you the full picture of where your money goes.

There's a lot we don't charge for

Monthly maintenance fees

$0
Overdraft item fees

$0
Standard or expedited ACH transfers

$0
Incoming wires (domestic and international)

$0
Official/cashier's checks

$0
Excessive transactions fee

$0

...and we won't hide the fees we do have.

Expedited delivery

$15
Stop payment

$15
Outgoing domestic wires

$20

Get to know every aspect of this account before you sign up.

Keep in mind, this account allows 10 withdrawals per statement cycle.
Read all account details (PDF)

Bank better, 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. No minimum deposit required.

Enjoy our award-winning experience.

Start exploring (and enjoying) everything we have to offer.

Open New Account

See 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

Annual Percentage Yield

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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

Annual Percentage Yield

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Chase Savings^SM

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

Annual Percentage Yield

^%

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

Annual Percentage Yield

^%

What you should know.

Our features information is accurate as of 11/17/2025.

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 XX/XX/XX . 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 XX/XX/XX . 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 0.40% APY, based on the national average of savings accounts rates published in the FDIC Monthly National Rates and Rate Caps accurate as of 11/17/2025.

The reviews are in.

People like it here. We think you will, too.

Average Rating

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HIGHEST RATING

FAQs

We have answers.

You can add cash to a Spending Account for free using our app.

Here’s how it works:
Head over to a Walmart Money Center or customer service desk with your ID. Make sure to check the department hours at your local Walmart.

Log in to our app, go to Menu and select Add Cash to generate your unique barcode.

Show your barcode to the associate and hand over your cash. It should be in your account in minutes. If you add it after 9 pm ET, it should post by 2 am ET.
Keep in mind, we don’t accept cash by mail or at ATMs.
There are several ways you can add money to your accounts. You can transfer money from another bank or an Ally Bank account. We also offer Ally eCheck Deposit℠ to deposit checks. You can also send a wire transfer or mail checks to:

Ally Bank

P.O. Box 13625

Philadelphia, PA 19101-3625

Make sure checks are properly endorsed on the back with For Deposit Only and the signatures of all payees. Please don't send cash.

You can also set up direct deposit with your employer. Direct Deposit (PDF)
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.

Still have questions? Visit our Help Center .

Savings Account

Save smarter for what matters most.

Automate your savings, accelerate your goals.

Divide and conquer your goals using buckets.

Put part of your strategy on autopilot.

Meet our dynamic duo.

Come for the helpful tools. Stay for the security and convenience.

Earn interest on your interest.

Your savings, always secure.

24/7 support.

Trust through transparency.

There's a lot we don't charge for

Get to know every aspect of this account before you sign up.

Bank better, starting now.

Tell us about yourself.

Add money to your account.

Enjoy our award-winning experience.

See how we compare.

Savings Account

monthly maintenance fees

minimum opening deposit

Tool to organize your savings—no additional account required:

Tool to analyze any linked checking account for safe-to-save money:

Annual Percentage Yield

Advantage Savings

monthly maintenance fees

minimum opening deposit

Tool to organize your savings—no additional account required:

Tool to analyze any linked checking account for safe-to-save money:

Annual Percentage Yield

Chase SavingsSM

monthly maintenance fees

minimum opening deposit

Tool to organize your savings—no additional account required:

Tool to analyze any linked checking account for safe-to-save money:

Annual Percentage Yield

Way2Save® Savings

monthly maintenance fees

minimum opening deposit

Tool to organize your savings—no additional account required:

Tool to analyze any linked checking account for safe-to-save money:

Annual Percentage Yield

What you should know.

Ally Bank Savings Account balance tiers:

The reviews are in.

Average Rating

MOST HELPFUL

MOST RECENT

HIGHEST RATING

FAQs

Chase Savings^SM