Ally Bank savings, CD and money market rates
Ally Bank advertises 3.00% APY on its Savings Account. That is 2.62 percentage points above the national savings average of 0.38% (FDIC, Aug 2026).
Ranked #106 of 337 tracked savings rates by advertised APY. For a $10,000 balance it would rank #77. It was #92 three months ago. The bank has cut this rate 3 times in the last 12 months.
Ally Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 3.00% · Savings Account |
| Minimum to open | $0 · Savings Account |
| Against the national average | 2.62 percentage points above the 0.38% FDIC savings average (Aug 2026) |
| CDs | |
| Top CD APY | 4.00% · 18 months · 18 Mo CD |
| Minimum to open | $0 · 18 months CD |
| Money market | |
| Top money market APY | 3.00% · Money Market Account |
| Minimum to open | $0 · Money Market Account |
| Against the national average | 2.37 percentage points above the 0.63% FDIC money market average (Aug 2026) |
| FDIC certificate | 57803 · Sandy, UT |
|---|---|
| Website | www.ally.com |
| Branches | 1 branch in UT |
| Availability | Nationally available |
Ally Bank savings, CD and money market rates
Personal
IRA
Rates are APY. The national savings average is 0.38% (FDIC, Aug 2026). The top tracked savings rate on Banksparency is 5.00%. Across 57 savings accounts from 55 banks in the Banksparency core savings index, the median advertised rate is 3.52%, and one account in ten advertises 4.01% or more. See the highest savings rates.
Ally Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 3 months | 2.70% | $0 | 3 Mo CD |
| 6 months | 3.50% | $0 | 6 Mo CD |
| 9 months | 3.75% | $0 | 9 Mo CD |
| 11 months | 2.70% | $0 | No-Penalty CD (11 Mo) |
| 12 months | 3.90% | $0 | 12 Mo CD |
| 18 months | 4.00% | $0 | 18 Mo CD |
| 36 months | 3.50% | $0 | 3 Yr CD |
| 60 months | 3.50% | $0 | 5 Yr CD |
| IRA CDs | |||
| 3 months | 2.70% | $0 | 3 Mo IRA CD |
| 6 months | 3.50% | $0 | 6 Mo IRA CD |
| 9 months | 3.75% | $0 | 9 Mo IRA CD |
| 12 months | 3.90% | $0 | 12 Mo IRA CD |
| 18 months | 4.00% | $0 | 18 Mo IRA CD |
| 36 months | 3.50% | $0 | 3 Yr IRA CD |
| 60 months | 3.50% | $0 | 5 Yr IRA CD |
Interactive Tool
Calculate Savings for Ally Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$1,161.10(7.7%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$15,161.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Ally Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced all of its deposits over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q1 2026, Ally Bank paid a higher average rate than 90% of U.S. banks (all-bank median 2.27%).
- Ally Bank, avg rate paid
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers every account that earns interest: savings, interest checking, money market accounts, CDs, and personal and business accounts at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older balances at the rates of earlier years, everyday transaction balances, and CDs that were priced in a different rate environment. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rate paid on interest-bearing deposits, quarterly. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Savings Account | 3.00% | $0 | $0 | None | $0 | None | One rate | |
| Money Market Account | 3.00% | $0 | $0 | None | not stated | None | One rate |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 3 Mo CD | 3 months | 2.70% | $0 | not stated | not stated |
| 6 Mo CD | 6 months | 3.50% | $0 | not stated | not stated |
| 9 Mo CD | 9 months | 3.75% | $0 | not stated | not stated |
| No-Penalty CD (11 Mo) | 11 months | 2.70% | $0 | not stated | not stated |
| 12 Mo CD | 12 months | 3.90% | $0 | not stated | not stated |
| 18 Mo CD | 18 months | 4.00% | $0 | not stated | not stated |
| 3 Yr CD | 36 months | 3.50% | $0 | not stated | not stated |
| 5 Yr CD | 60 months | 3.50% | $0 | not stated | not stated |
| IRA CDs | |||||
| 3 Mo IRA CD | 3 months | 2.70% | $0 | not stated | not stated |
| 6 Mo IRA CD | 6 months | 3.50% | $0 | not stated | not stated |
| 9 Mo IRA CD | 9 months | 3.75% | $0 | not stated | not stated |
| 12 Mo IRA CD | 12 months | 3.90% | $0 | not stated | not stated |
| 18 Mo IRA CD | 18 months | 4.00% | $0 | not stated | not stated |
| 3 Yr IRA CD | 36 months | 3.50% | $0 | not stated | not stated |
| 5 Yr IRA CD | 60 months | 3.50% | $0 | not stated | not stated |
Opening and using the account
| Availability | Nationally available |
|---|---|
| Footprint | 1 branch in UT |
| App Store rating | 4.7 out of 5 |
| Google Play rating | 4.4 out of 5 |
| Zelle | Available, daily limit $5,000 |
| Eligibility | not stated |
How Ally Bank behaves over time
- 12-month high
- 3.50%
- 12-month low
- 3.00%
- Advertised now
- 3.00%
- 0.50 percentage points below the 12-month high
- Observed cuts, 12 months
- 3
- In a window with 3 Federal Reserve cuts
The advertised Savings Account rate, observed through Sep 3, 2026. The series includes promotional tiers where one applied.
Recent rate changes, as observed
- Obs. Aug 7, 20266 Mo CDRaise:3.30%to3.50%
- Obs. Aug 7, 202612 Mo CDRaise:3.70%to3.90%
- Obs. Aug 7, 202618 Mo CDRaise:3.80%to4.00%
- Obs. Aug 7, 20265 Yr CDRaise:3.40%to3.50%
- Obs. Jul 20, 20269 Mo CDRaise:3.30%to3.75%
- Savings Account
- The same as 90 days ago.
- 18 months CD
- Up 0.20 percentage points from 30 days ago.
- Money Market Account
- The same as 90 days ago.
At the top advertised rates we observed for Ally Bank's Savings Account, $10,000 would have grown to about $10,320 over the past year. Prices rose 3.4% in the year to July 2026 (Consumer Price Index (CPI)). So it buys as much as $9,985 did a year ago. The series includes promotional tiers where one applied. See how the federal funds rate shapes savings rates.
- Savings Account APY
- Banksparency savings index
- Consumer price index, year over year
- Fed rate cut
Ally Bank CD rates over time
Who is Ally Bank?
| Headquarters | Sandy, UT |
|---|---|
| Founded | 2004 |
| Scale | $185.7B assets · $156.2B deposits, $156.0B of it interest-bearing (Q1 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 57803 |
| BBB rating | A+ · Not BBB Accredited |
Financial detail is in What Ally Bank pays on deposits above.
Common questions about Ally Bank
Is Ally Bank FDIC insured?
Yes. Ally Bank is FDIC insured under certificate 57803, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Ally Bank?
Ally Bank requires no minimum deposit to open its Savings Account, as observed on Sep 3, 2026. Check the bank's current terms before you open an account.
Does Ally Bank have branches?
Yes. Ally Bank operates 1 branch according to FDIC branch records, in addition to its website and mobile apps.
Ally Bank against its closest alternatives
| Bank | Savings APY | Rate paid (Q1 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Ally Bank | 3.00% | 3.19% | $0 | 1 branch in UT |
| American Express | 3.00% | 3.39% | $0 | 1 branch in UT |
| BMO Alto | 3.00% | 2.26% | $0 | not stated |
| Bonanza Valley State Bank | 3.00% | 2.32% | not stated | 1 branch in MN |
Alternatives are the three tracked banks whose highest savings APY is closest to Ally Bank's.
Compare Ally Bank with another bank
Each link opens a full comparison page, with the two banks side by side and their current savings rates.
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Ally Bank and Capital One both offer competitive savings products with notable APYs.
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