Ally Bank vs. Barclays
Comparing Ally Bank and Barclays for high-yield savings: Ally Bank's Savings Account pays 3.30% APY while Barclays's Tiered Savings pays 4.00% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Barclays pays $55 more than Ally Bank annually ($385 vs $330).
Choose Ally Bank if you want Zelle for quick transfers. Choose Barclays if getting the best rate matters most.
| Metric | Ally BankSavings Account Feb 6, 2026 | BarclaysTiered Savings Feb 6, 2026 |
|---|---|---|
| APY | 3.30% | 3.85% - 4.00% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$193 $10,000+$385 $25,000+$963 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.15% APY.
Executive Summary
Barclays offers a Tiered Savings account with an APY of 4.00% for balances over $250,000, making it the highest-yielding option compared to Ally Bank's Savings Account, which provides a 3.30% APY. For lower balances, Barclays's Tiered Savings earns 3.85%, while their Online Savings account offers a competitive 3.60% APY. Both banks have no maintenance fees and require no minimum deposit, but Barclays's higher APY is contingent on maintaining a larger balance. Both banks operate online only, without physical branch access.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Why Ally Bank?
- ✓Fast transfers via Zelle® (up to $5,000 a day)
Why Barclays?
- ✓Higher potential APY (3.60%-4.00% vs 3.30%) on all balances
- ✓Higher rated Android app (4.7 vs 4.4)
- ✓Offers 2 different high-yield savings options
— Key Feature Differences —
Better Returns at $10,000
BarclaysBarclays's Tiered Savings earns more on smaller deposits (approx. $385 vs $330/yr).
Better Returns at $25,000
BarclaysBarclays's Tiered Savings pulls ahead with larger amounts (approx. $963 vs $825/yr).
Best for Simplicity
BarclaysBarclays's Online Savings offers 3.60% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
BarclaysBarclays offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.7 (vs. 4.4)
Shared Benefits
Over a 1-year period, Barclays's Tiered Savings pays $55 more interest on a $10,000 balance than Ally Bank's Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Non-sponsored link to official site
Non-sponsored link to official site
Top Market Contenders
Ally Bank vs. Barclays Savings Calculator
You earn $55 more with Barclays than Ally Bank on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Ally Bank
Savings Account
Savings Breakdown
- Interest Earned+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
Barclays
Tiered Savings
Higher APY requires $250,000
Savings Breakdown
- Interest Earned+$385.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,385.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $329 per year in interest.
Both Ally Bank and Barclays dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Ally Bank | Barclays |
|---|---|---|
| APY | 3.30% Verified: 2/6/2026 Stable (90d) | 4.00% Range: 3.85% - 4.00% Verified: 2/6/2026 ↘︎ 0.10%90d Change |
| Product Name | Savings Account | Tiered Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $250,000 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | None |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $5,000/dayBenchmark for online Zelle; high limits. | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | - | The 4.00% APY is only available for balances over $250,000. For lower balances, the APY is 3.85%. |
| Next Steps | Visit SiteVerify at Ally Bank Non-sponsored link to official site | Visit SiteVerify at Barclays Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ally Bank | Barclays | |
|---|---|---|---|
| Savings Account | Online Savings | Tiered Savings | |
Current APY | 3.30% | 3.60% | 4.00% |
Trend | Stable | Stable | Stable |
Velocity (bps/mo) | -4.0 | -2.6 | -3.8 |
Days Since Change | 98 | 72 | 79 |
12-Month High | 3.80% | 3.90% | 4.50% |
12-Month Low | 3.30% | 3.60% | 4.00% |
Adjustments / Mo | 0.41 | 0.41 | 0.58 |
Volatility Score | 0.042 | 0.027 | 0.035 |
How to read these metrics(Click to expand)
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