Ally Bank vs. Betterment
Ally Bank edges out Betterment slightly at 3.30% vs 3.25% APY. On a $10,000 balance, the difference is just $5 per year—so other factors may matter more.
The Bottom Line
The Ally Bank and Betterment savings accounts are very similar. Choose Ally Bank if you want Zelle for quick transfers.
| Metric | Ally BankSavings Account Feb 6, 2026 | BettermentCash Reserve Feb 6, 2026 |
|---|---|---|
| APY | 3.30% | 3.25% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$163 $10,000+$325 $25,000+$813 |
Min Deposit | $0 | $10 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppRate 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.
Comparison Analysis
Comparing Ally Bank vs. Betterment
Executive Summary
Ally Bank offers a competitive Savings Account with an APY of 3.30%, making it the highest-yielding option compared to Betterment's Cash Reserve, which has an APY of 3.25%. Both accounts are online-only, have no maintenance fees, and require no minimum balance, but Betterment does require a minimum deposit of $10. For those seeking a higher yield, Ally Bank is the clear choice, while Betterment is noted for its superior mobile app experience.
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 Betterment?
- ✓Higher rated Android app (4.7 vs 4.4)
— Key Feature Differences —
Best Mobile App Experience
BettermentBetterment offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.7 (vs. 4.4)
Shared Benefits
Over a 1-year period, Ally Bank's Savings Account pays $5 more interest on a $10,000 balance than Betterment's Cash Reserve.
*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. Betterment Savings Calculator
You earn $5 more with Ally Bank than Betterment 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
Betterment
Cash Reserve
Savings Breakdown
- Interest Earned+$325.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,325.00
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 $324 per year in interest.
Both Ally Bank and Betterment dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Ally Bank | Betterment |
|---|---|---|
| APY | 3.30% Verified: 2/6/2026 Stable (90d) | 3.25% Verified: 2/6/2026 ↘︎ 0.25%90d Change |
| Product Name | Savings Account | Cash Reserve |
| Minimum Deposit | $0 | $10 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | N/A |
| 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 | Yes |
| Zelle® Support | Available Limit: $5,000/dayBenchmark for online Zelle; high limits. | Not Supported |
| BBB Rating | A+ | A- |
| Next Steps | Visit SiteVerify at Ally Bank Non-sponsored link to official site | Visit SiteVerify at Betterment Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ally Bank | Betterment |
|---|---|---|
| Savings Account | Cash Reserve | |
Current APY | 3.30% | 3.25% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.0 | -7.3 |
Days Since Change | 98 | 55 |
12-Month High | 3.80% | 4.00% |
12-Month Low | 3.30% | 3.25% |
Adjustments / Mo | 0.41 | 0.25 |
Volatility Score | 0.042 | 0.081 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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More Comparisons
Compare Ally Bank's APY of 3.30% with other banks
Compare Betterment's APY of 3.25% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Betterment vs American Express | 3.30% | $0 |
| Betterment vs Axos Bank | 4.21% | $0 |
| Betterment vs Bank of America | 0.01% | $100 |
| Betterment vs Barclays | 4.00% | $0 |
| Betterment vs Capital One | 3.30% | $0 |
| Betterment vs Chase Bank | 0.01% | $0 |
| Betterment vs Chime | 3.00% | $0 |
| Betterment vs CIT Bank | 3.75% | $100 |
| Betterment vs Citibank | 3.20% | $0 |
| Betterment vs Discover Bank | 3.30% | $0 |
| Betterment vs EverBank | 3.90% | $0 |
| Betterment vs Marcus by Goldman Sachs | 3.65% | $0 |
| Betterment vs Newtek Bank | 4.20% | $0.01 |
| Betterment vs Openbank | 4.09% | $500 |
| Betterment vs Pibank | 4.60% | $0 |
| Betterment vs SoFi Bank | 4.00% | $0 |
| Betterment vs Synchrony Bank | 3.50% | $0 |
| Betterment vs Varo Bank | 5.00% | $0 |
| Betterment vs Wealthfront | 3.95% | $0 |
| Betterment vs Wells Fargo | 0.05% | $25 |