Ally Bank vs Barclays
High-Yield Savings Accounts Comparison
Last Updated: June 20, 2025
Summary of Ally Bank vs. Barclays
As of June 20, 2025 Ally Bank offers an APY of 3.50% for its Savings Account account, compared to Barclays's 4.10% APY for its Tiered Savings account.
Barclays yields $60 more than Ally Bank on a $10,000 balance after one year. Ally Bank pays $350, while Barclays pays $410 - an APY advantage for Barclays.
In addition, Barclays also offers 3.70% APY for the Online Savings account.
Ally Bank
Strengths
- Ally Bank offers a $0 minimum deposit and balance requirement for its Savings Account.
- Ally Bank has a strong App Store rating of 4.7.
- Ally Bank charges no maintenance fees.
Potential Drawbacks
- Ally Bank's current APY is 3.50%, down from 3.60% last month.
Barclays
Strengths
- Barclays provides a higher APY of 4.10% for balances over $250,000.
- Barclays has a higher Google Play rating of 4.7.
- Barclays is BBB Accredited with an A+ rating.
Potential Drawbacks
- Barclays requires a $250,000 minimum balance to earn the highest APY.
Summary: Ally Bank offers a competitive APY of 3.50% with no minimum balance, while Barclays provides a higher APY of 4.10% for large balances. Both banks have strong BBB ratings, but Barclays has the added distinction of being BBB Accredited. Ally Bank's APY has decreased recently, whereas Barclays' has also dropped slightly. Users may prefer Ally for lower balance requirements, while those with higher savings might favor Barclays for its tiered rates.
Compare Ally Bank's vs Barclays' Savings Accounts
| Ally Bank | Barclays | |||
|---|---|---|---|---|
| Product | Savings Account | vs | Tiered Savings | Online Savings |
| APY | 3.50% (as of 6/20/2025) | 3.90% - 4.10% (as of 6/20/2025) | 3.70% (as of 6/20/2025) | |
| Bundled Account | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $0 | $0 | |
| Minimum Balance for APY | $0 | $250,000 | Enough to earn $0.01 in interest | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | |
| Note | N/A | The 4.10% APY is only available for balances over $250,000. For lower balances, the APY is 3.90%. | N/A | |
| Visit Bank | Savings Account | Tiered Savings | Online Savings | |
| App Store Rating | 4.7/5 | 4.8/5 | ||
| Google Play Rating | 4.4/5 | 4.7/5 | ||
| BBB Rating | A+ | A+ | ||
Comparative Historical APY Insights (Last 5 Months)
| Ally Bank | Barclays | |||
|---|---|---|---|---|
| Product | Savings Account | vs | Online Savings | Tiered Savings |
| Latest APY | 3.50 % | 3.70 % | 4.10 % | |
| Trend | Sideways | Sideways | Falling | |
| Slope (bps/mo) | -4.7 | -4.1 | -7.1 | |
| Rate Changes / Mo | 0.63 | 0.83 | 1.25 | |
| Days Since Last Change | 3 | 11 | 3 | |
| High (-5 m) | 3.80 % | 3.90 % | 4.50 % | |
| Low (-5 m) | 3.50 % | 3.70 % | 4.10 % | |
| Draw-down from High | -7.9 % | -5.1 % | -8.9 % | |
| Volatility (CV) | 0.020 | 0.017 | 0.024 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 5 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-5 m)
- Highest APY in the last 144 days.
- Low (-5 m)
- Lowest APY in the last 144 days.
- Draw-down from High
- How far today sits below the 5-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.
Calculate Savings Growth for Ally Bank vs Barclays
All calculations are based on APY.
Ally Bank
APY: 3.50%
Total savings breakdown:
- Interest earned: $35 (3.38%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.62%)
Your total balance
$1,035.00
Effective APY: 3.50% (based on your deposit and contributions)
Total balance: $1,035
Earnings: $35
Bank DetailsBarclays
APY: 4.10%
Total savings breakdown:
- Interest earned: $41 (3.94%)
- Total contributions: $0 (0.00%)
- Initial deposit: $1,000 (96.06%)
Your total balance
$1,041.00
Effective APY: 4.10% (based on your deposit and contributions)
Total balance: $1,041
Earnings: $41
Bank DetailsAfter 1 year Ally Bank would earn you $6 less than Barclays.
More Comparisons
Compare Ally Bank's APY of 3.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Ally Bank vs American Express | 3.60% | $0 |
| Ally Bank vs Axos Bank | 4.66% | $0 |
| Ally Bank vs Bank of America | 0.01% | $100 |
| Ally Bank vs Capital One | 3.60% | $0 |
| Ally Bank vs Chase Bank | 0.01% | $0 |
| Ally Bank vs Chime | 3.75% | $0 |
| Ally Bank vs CIT Bank | 4.00% | $100 |
| Ally Bank vs Discover Bank | 3.60% | $0 |
| Ally Bank vs Fitness Bank | 5.00% | $100 |
| Ally Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Ally Bank vs SoFi Bank | 3.80% | $0 |
| Ally Bank vs Synchrony Bank | 3.80% | $0 |
| Ally Bank vs Varo Bank | 5.00% | $0 |
Compare Barclays' APY of 4.10% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Barclays vs American Express | 3.60% | $0 |
| Barclays vs Axos Bank | 4.66% | $0 |
| Barclays vs Bank of America | 0.01% | $100 |
| Barclays vs Capital One | 3.60% | $0 |
| Barclays vs Chase Bank | 0.01% | $0 |
| Barclays vs Chime | 3.75% | $0 |
| Barclays vs CIT Bank | 4.00% | $100 |
| Barclays vs Discover Bank | 3.60% | $0 |
| Barclays vs Fitness Bank | 5.00% | $100 |
| Barclays vs Marcus by Goldman Sachs | 3.65% | $0 |
| Barclays vs SoFi Bank | 3.80% | $0 |
| Barclays vs Synchrony Bank | 3.80% | $0 |
| Barclays vs Varo Bank | 5.00% | $0 |