High-Yield Savings Account Comparison

Ally Bank vs. American Express

Compare rates, requirements, and features side-by-side to find the best option for you.

Updated January 21, 2026

Comparison of Ally Bank vs American Express savings accounts
Metric	Ally Bank Savings Account Jan 21, 2026	American Express High Yield Savings Account Jan 21, 2026
APY	3.30%	3.30%
Est. Earnings	$5,000+$165 $10,000+$330 $25,000+$825	$5,000+$165 $10,000+$330 $25,000+$825
Min Deposit	$0	$0
Snapshot view. Rates subject to change.
Features	FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported	FDIC InsuredNo MinimumsGreat iOS AppZelle® Supported

Market Reality Check

Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.20% APY.

See Top Rates

Comparison Analysis

Comparing Ally Bank vs. American Express

Updated: Jan 21, 2026

As of 1/21/2026 both Ally Bank (Savings Account) and American Express (High Yield Savings Account) offer an APY of 3.30% .

Both banks yield $330 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.

Why Ally Bank?

✓Higher rated Android app (4.4 vs 3.6)

Why American Express?

No distinct advantages found vs Ally Bank.

Shared Benefits

Both offer monthly maintenance-free account options Both banks have options with $0 opening deposit Fast transfers via Zelle® Available Nationwide Available to New & Existing Customers

Executive Summary as of Wednesday, January 21, 2026

Both Ally Bank and American Express offer competitive high-yield savings accounts with an APY of 3.30%. Both accounts require no minimum deposit or balance, and there are no maintenance fees, making them accessible and cost-effective for savers. Additionally, both options are online-only, providing convenience for digital banking. While their APYs are identical, American Express has shown a slightly higher APY of 3.50% in recent quarters, which may appeal to those looking for the best yield. Overall, both banks provide excellent savings options without direct deposit requirements.

The analysis is based on current Banksparency database records

* This content is provided for informational purposes only; always verify details with the provider.

Verify At

Ally Bank

Non-sponsored link to official site

Verify At

American Express

Non-sponsored link to official site

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.31%APY

Checking0.51%APY

Go to Axos Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$0
Min. Balance in Savings Account	$0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.5

The 4.31% APY is available with the Axos ONE savings and checking bundle. The checking account earns 0.51% APY. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

EASY TRANSFERS, LOW MINIMUMS

SponsoredVerified Jan 21, 2026

FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
Transfer with Zelle, Apple Pay, G-Pay, and more

FDIC Insured

Savings3.50%APY

Go to Quontic Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$0
Mobile Ratings	iOS:4.8 Android:4.9

PREMIUM ACCOUNT, GENEROUS BONUS

SponsoredVerified Jan 21, 2026

FDIC Insured

CIT Bank - Platinum Savings

Competitive APY - with a balance of $5,000+
Earn up to $300 bonus with qualifying deposit
Highly rated mobile apps

FDIC Insured

Savings3.75%APY

Up to$300Bonus

Go to CIT Bank

Member, FDIC

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	$100
Min. Balance in Savings Account	$5,000
Mobile Ratings	iOS:4.8 Android:4.6

This is a tiered savings account, where the 3.75% APY requires meeting the $5,000 balance requirement. Lower balances earn an APY of 0.25%.

Top Market Contenders

SoFi Bank

4.00% APY

vs. Ally Bank vs. American Express

Barclays

4.00% APY

vs. Ally Bank vs. American Express

Axos Bank

4.31% APY

vs. Ally Bank vs. American Express

Popular Peer Comparisons

Discover Bank vs Synchrony Bank SoFi Bank vs Synchrony Bank Capital One vs Marcus by Goldman Sachs Bank of America vs Capital One Capital One vs Chime Capital One vs Discover Bank

Ally Bank vs. American Express Savings Calculator

Calculations based on current APY for Savings Account and High Yield Savings Account

Initial Deposit

Recurring Deposit

Frequency

Duration

Both accounts earn exactly the same amount.

Ally Bank

Savings Account

3.30% APY

Savings Breakdown

Interest Earned
+$330.00(3.2%)
Total Contributions
$0
Initial Deposit
$10,000

Projected Balance

$10,330.00

Effective APY

3.30%

American Express

High Yield Savings Account

3.30% APY

Savings Breakdown

Interest Earned
+$330.00(3.2%)
Total Contributions
$0
Initial Deposit
$10,000

Projected Balance

$10,330.00

Effective APY

3.30%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Feature	Ally Bank	American Express
APY	3.30% Verified: 1/21/2026 ↘︎ 0.10%90d Change	3.30% Verified: 1/21/2026 ↘︎ 0.20%90d Change
Product Name	Savings Account	High Yield Savings Account
Minimum Deposit	$0	$0
Min. Balance for APY	$0	$0
Monthly Fee	$0	$0
Branch Access	None	None
Account Type	Online Only	Online Only
Direct Deposit Req.	None	None
Checking Bundle	No	No
Mobile Apps	iOS4.7 Android4.4	iOS4.9 Android3.6
Zelle® Support	Available Limit: $5,000/dayBenchmark for online Zelle; high limits.	Available Requires Amex Rewards Checking; not available for standalone HYSA.
BBB Rating	A+	F
Next Steps	Visit SiteVerify at Ally Bank Non-sponsored link to official site	Visit SiteVerify at American Express Non-sponsored link to official site

📈 Compare Savings Rates Over Time

Historical Performance

Last 12 Months Analysis

Metric	Ally Bank	American Express
	Savings Account	High Yield Savings Account
Current APYMost recent advertised annual-percentage yield.	3.30%	3.30%
TrendDirection over the last 12 months (regression slope).	Stable	Stable
Velocity (bps/mo)Average monthly change; 10 bps = 0.10 pp.	-4.1	-3.6
Days Since ChangeRecency of the latest APY adjustment.	82	22
12-Month HighHighest APY in the last 358 days.	3.80%	3.80%
12-Month LowLowest APY in the last 358 days.	3.30%	3.30%
Adjustments / MoTypical number of APY moves per month.	0.42	0.42
Volatility ScoreCoefficient of variation (stdev ÷ mean). Lower is more stable.	0.043	0.037

How to read these metrics(Click to expand)

Trends & Velocity

Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

High/Low: The absolute ceiling and floor of the rate during the 358-day window.
Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

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Newtek BankNo Bundle Req

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High Rates (With Checking Bundle)

Looking for something different? Check out these top-rated alternatives.

Checking Bundle

Axos Bank View Details

4.31%

APY

Checking Bundle

SoFi Bank View Details

4.00%

APY

Checking Bundle

Presidential Bank View Details

3.75%

APY

More Comparisons

Compare Ally Bank's APY of 3.30% with other banks

Bank Pair	Competitor APY	Min Deposit
Ally Bank vs Affirm	3.20%	$0
Ally Bank vs Axos Bank	4.31%	$0
Ally Bank vs Bank of America	0.01%	$100
Ally Bank vs Barclays	4.00%	$0
Ally Bank vs Bask Bank	3.75%	$0
Ally Bank vs Betterment	3.25%	$10
Ally Bank vs BMO Alto	3.25%	$0
Ally Bank vs Bread Savings	4.00%	$100
Ally Bank vs BrioDirect	3.75%	$5,000
Ally Bank vs Capital One	3.30%	$0
Ally Bank vs Carver Bank	4.00%	$5,000
Ally Bank vs Charles Schwab Bank	0.15%	$0
Ally Bank vs Chase Bank	0.01%	$0
Ally Bank vs Chime	3.50%	$0
Ally Bank vs CIT Bank	3.75%	$100
Ally Bank vs Citibank	3.30%	$0
Ally Bank vs Citizens Access™	3.15%	$0.01
Ally Bank vs Climate First Bank	4.21%	$50
Ally Bank vs Colorado Federal Savings Bank	4.05%	$50,000
Ally Bank vs Discover Bank	3.30%	$0
Ally Bank vs E*TRADE from Morgan Stanley	3.50%	$0
Ally Bank vs Elevault	3.82%	$0
Ally Bank vs EverBank	3.90%	$0
Ally Bank vs Fitness Bank	4.75%	$100
Ally Bank vs FNBO Direct	3.00%	$1
Ally Bank vs Forbright Bank	3.85%	$0
Ally Bank vs FVCbank	3.85%	$500
Ally Bank vs GO2bank	4.50%	$0
Ally Bank vs Ivy Bank	4.00%	$2,500
Ally Bank vs Jenius Bank	4.05%	$0
Ally Bank vs LendingClub	4.00%	$0
Ally Bank vs Marcus by Goldman Sachs	3.65%	$0
Ally Bank vs MutualOne Bank	4.07%	$20,000
Ally Bank vs My Banking Direct	4.02%	$500
Ally Bank vs Neighbors Bank	4.20%	$0
Ally Bank vs Newtek Bank	4.35%	$0.01
Ally Bank vs Openbank	4.20%	$500
Ally Bank vs Peak Bank	3.99%	$100
Ally Bank vs Pibank	4.60%	$0
Ally Bank vs PNC	3.30%	$0
Ally Bank vs Popular Direct	3.90%	$100
Ally Bank vs Presidential Bank	3.75%	$5,000
Ally Bank vs Quontic Bank	3.50%	$100
Ally Bank vs Salem Five Direct	3.61%	$10
Ally Bank vs Sallie Mae Bank	3.90%	$0
Ally Bank vs Santander Bank	0.01%	$25
Ally Bank vs SoFi Bank	4.00%	$0
Ally Bank vs Synchrony Bank	3.65%	$0
Ally Bank vs TD Bank	2.36%	$0
Ally Bank vs TIMBR	4.15%	$1,000
Ally Bank vs UFB Direct	3.46%	$5000
Ally Bank vs Upgrade	3.05%	$0
Ally Bank vs Valley Direct	4.00%	$1,000
Ally Bank vs Varo Bank	5.00%	$0
Ally Bank vs Vio Bank	4.09%	$100
Ally Bank vs Wealthfront	3.90%	$0
Ally Bank vs Wells Fargo	0.05%	$25
Ally Bank vs Zynlo Bank	3.85%	$10

Compare American Express' APY of 3.30% with other banks

Bank Pair	Competitor APY	Min Deposit
American Express vs Affirm	3.20%	$0
American Express vs Axos Bank	4.31%	$0
American Express vs Bank of America	0.01%	$100
American Express vs Barclays	4.00%	$0
American Express vs Bask Bank	3.75%	$0
American Express vs Betterment	3.25%	$10
American Express vs BMO Alto	3.25%	$0
American Express vs Bread Savings	4.00%	$100
American Express vs BrioDirect	3.75%	$5,000
American Express vs Capital One	3.30%	$0
American Express vs Carver Bank	4.00%	$5,000
American Express vs Charles Schwab Bank	0.15%	$0
American Express vs Chase Bank	0.01%	$0
American Express vs Chime	3.50%	$0
American Express vs CIT Bank	3.75%	$100
American Express vs Citibank	3.30%	$0
American Express vs Citizens Access™	3.15%	$0.01
American Express vs Climate First Bank	4.21%	$50
American Express vs Colorado Federal Savings Bank	4.05%	$50,000
American Express vs Discover Bank	3.30%	$0
American Express vs E*TRADE from Morgan Stanley	3.50%	$0
American Express vs Elevault	3.82%	$0
American Express vs EverBank	3.90%	$0
American Express vs Fitness Bank	4.75%	$100
American Express vs FNBO Direct	3.00%	$1
American Express vs Forbright Bank	3.85%	$0
American Express vs FVCbank	3.85%	$500
American Express vs GO2bank	4.50%	$0
American Express vs Ivy Bank	4.00%	$2,500
American Express vs Jenius Bank	4.05%	$0
American Express vs LendingClub	4.00%	$0
American Express vs Marcus by Goldman Sachs	3.65%	$0
American Express vs MutualOne Bank	4.07%	$20,000
American Express vs My Banking Direct	4.02%	$500
American Express vs Neighbors Bank	4.20%	$0
American Express vs Newtek Bank	4.35%	$0.01
American Express vs Openbank	4.20%	$500
American Express vs Peak Bank	3.99%	$100
American Express vs Pibank	4.60%	$0
American Express vs PNC	3.30%	$0
American Express vs Popular Direct	3.90%	$100
American Express vs Presidential Bank	3.75%	$5,000
American Express vs Quontic Bank	3.50%	$100
American Express vs Salem Five Direct	3.61%	$10
American Express vs Sallie Mae Bank	3.90%	$0
American Express vs Santander Bank	0.01%	$25
American Express vs SoFi Bank	4.00%	$0
American Express vs Synchrony Bank	3.65%	$0
American Express vs TD Bank	2.36%	$0
American Express vs TIMBR	4.15%	$1,000
American Express vs UFB Direct	3.46%	$5000
American Express vs Upgrade	3.05%	$0
American Express vs Valley Direct	4.00%	$1,000
American Express vs Varo Bank	5.00%	$0
American Express vs Vio Bank	4.09%	$100
American Express vs Wealthfront	3.90%	$0
American Express vs Wells Fargo	0.05%	$25
American Express vs Zynlo Bank	3.85%	$10