Ally Bank vs. Bask Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 16, 2025
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Summary of Ally Bank vs. Bask Bank
Key Metrics at a Glance
| Feature | Ally Bank | Bask Bank |
|---|---|---|
| Top Savings APY | 3.30% Savings Account | 3.90% Interest Savings Account |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
Ally Bank
Strengths
- Ally Bank offers a competitive APY of 3.30%, though it decreased from 3.40% in the last 30 days.
- Ally Bank has an A+ BBB rating, indicating higher trustworthiness compared to Bask Bank.
- No maintenance fees or minimum balance requirements at Ally Bank.
Potential Drawbacks
- Ally Bank does not have any physical branches.
- Ally Bank's App Store rating is 4.7, lower than Bask Bank's 4.7 but with a lower Google Play rating.
Bask Bank
Strengths
- Bask Bank provides a higher APY of 3.90%, despite a decrease from 4.05% over the past month.
- Bask Bank has a higher Google Play rating of 4.5 compared to Ally Bank's 4.3.
- No maintenance fees or minimum balance requirements at Bask Bank.
Potential Drawbacks
- Bask Bank has a lower BBB rating of B, indicating less trustworthiness than Ally Bank.
- Bask Bank does not have any physical branches.
→ As of November 16, 2025 Ally Bank offers an APY of 3.30% for its Savings Account, with a minimum balance of $0, compared to Bask Bank's 3.90% APY for its Interest Savings Account, with a minimum balance of $0.
→ Bask Bank yields $60 more than Ally Bank on a $10,000 balance after one year. Ally Bank pays $330, while Bask Bank pays $390 - an APY advantage for Bask Bank.
Calculate Savings Growth for Ally Bank vs Bask Bank
Ally Bank - Savings Account
Total savings breakdown:
- Interest earned: $1,987.1 (9.94%)
- Total contributions: $13,000 (65.04%)
- Initial deposit: $5,000 (25.02%)
Your total balance
$19,987.10
Total balance: $19,987.1
Earnings: $1,987.1
Bank OverviewBask Bank - Interest Savings Account
Total savings breakdown:
- Interest earned: $2,370.2 (11.64%)
- Total contributions: $13,000 (63.82%)
- Initial deposit: $5,000 (24.55%)
Your total balance
$20,370.20
Total balance: $20,370.2
Earnings: $2,370.2
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Ally Bank's total earnings would be $383.1 lower than Bask Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Ally Bank's vs Bask Bank's Savings Accounts
| Ally Bank | Bask Bank | ||
|---|---|---|---|
| Product | Savings Account | vs | Interest Savings Account |
| APY | 3.30% (as of 11/16/2025) | 3.90% (as of 11/16/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.7/5 | 4.7/5 | |
| Google Play Rating | 4.3/5 | 4.5/5 | |
| BBB Rating | A+ | B |
Comparative Historical APY Insights (Last 10 Months)
| Ally Bank | Bask Bank | ||
|---|---|---|---|
| Product | Savings Account | vs | Interest Savings Account |
| Latest APY | 3.30 % | 3.90 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.2 | -4.0 | |
| Rate Changes / Mo | 0.51 | 0.51 | |
| Days Since Last Change | 16 | 9 | |
| High (-10 m) | 3.80 % | 4.50 % | |
| Low (-10 m) | 3.30 % | 3.90 % | |
| Draw-down from High | -13.2 % | -13.3 % | |
| Volatility (CV) | 0.035 | 0.030 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 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 (-10 m)
- Highest APY in the last 292 days.
- Low (-10 m)
- Lowest APY in the last 292 days.
- Draw-down from High
- How far today sits below the 10-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.