Ally Bank vs. Barclays
Compare rates, requirements, and features side-by-side to find the best option for you.
Ally Bank
Savings Account
3.30%APYDec 18, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Ally Bank
Savings Account
Barclays
Tiered Savings
Up to4.00%APYDec 18, 2025FDIC InsuredHigh MinimumGreat iOS AppGreat Android AppRange: 3.85% – 4.00%Show Fine Print & Trends Hide Details
Barclays
Tiered Savings
Comparison Analysis
Comparing Ally Bank vs. Barclays
As of Ally Bank offers an APY of 3.30% for its Savings Account, with a minimum balance of $0, compared to Barclays's 4.00% APY for its Tiered Savings account, with a minimum balance of $250,000.
Barclays pays $55 more than Ally Bank on a $10,000 balance after one year. Ally Bank pays $330, while Barclays pays $385 (with an effective APY of 3.85%) - an APY advantage for Barclays.
In addition, Barclays also offers 3.60% APY for the Online Savings account, with a minimum balance of Enough to earn $0.01 in interest.
Why Ally Bank?
No distinct advantages found vs Barclays.
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.
Executive Summary
Barclays stands out with its Tiered Savings account offering a competitive APY of 4.00% for balances over $250,000, while lower balances earn a rate of 3.85%. In comparison, Ally Bank's Savings Account provides a solid APY of 3.30%. Both banks have no maintenance fees and require a minimum deposit of $0, making them accessible options. However, Barclays also offers an Online Savings account with a 3.60% APY, which is a good alternative for those not meeting the Tiered Savings balance requirement. Both banks operate online only, ensuring simplicity in account management.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
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.
Top Market Contenders
See who beats both Ally Bank and Barclays.
| Feature | Ally Bank | Barclays |
|---|---|---|
| APY | 3.30% Verified: 12/18/2025 ↘︎ 0.20%90d Change | 4.00% Range: 3.85% - 4.00% Verified: 12/18/2025 ↘︎ 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 |
| 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 Android4.7 |
| 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 |
📈 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) | -4.3 | -2.6 | -4.3 |
Days Since Change | 48 | 22 | 29 |
11-Month High | 3.80% | 3.90% | 4.50% |
11-Month Low | 3.30% | 3.60% | 4.00% |
Adjustments / Mo | 0.46 | 0.46 | 0.65 |
Volatility Score | 0.041 | 0.025 | 0.036 |
How to read these metrics(Click to expand)
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