Ally Bank vs. Betterment
Compare rates, requirements, and features side-by-side to find the best option for you.
Ally Bank
Savings Account
3.30%APYDec 10, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Ally Bank
Savings Account
Betterment
Cash Reserve
3.50%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Betterment
Cash Reserve
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. Betterment Savings Calculator
Betterment earns $127 more than Ally Bank.
Ally Bank
Savings Account
Savings Breakdown
- Interest Earned+$1,987.10(9.9%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,987.10
Betterment
Cash Reserve
Savings Breakdown
- Interest Earned+$2,114.10(10.5%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,114.10
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing Ally Bank vs. Betterment
Why Ally Bank?
No distinct advantages found vs Betterment.
Why Betterment?
- ✓Higher potential APY (3.50% vs 3.30%) on all balances
- ✓Higher rated Android app (4.7 vs 4.4)
— Key Feature Differences —
Better Returns at $10,000
BettermentBetterment's Cash Reserve earns more on smaller deposits (approx. $350 vs $330/yr).
Better Returns at $25,000
BettermentBetterment's Cash Reserve pulls ahead with larger amounts (approx. $875 vs $825/yr).
Best for Simplicity
BettermentBetterment's Cash Reserve offers 3.50% APY with no bundling, direct deposit requirement or caps.
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, Betterment's Cash Reserve pays $20 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
Betterment offers a competitive Cash Reserve account with a higher APY of 3.50%, making it the winner compared to Ally Bank's Savings Account, which has an APY of 3.30%. Both accounts are online-only and have no maintenance fees, but Betterment requires a minimum deposit of $10, while Ally has no minimum deposit requirement. Additionally, both accounts do not require direct deposit. For those seeking simplicity and higher returns, Betterment's Cash Reserve is an attractive option.
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.
Stop Losing Interest
See who beats both Ally Bank and Betterment.
| Feature | Ally Bank | Betterment |
|---|---|---|
| APY | 3.30% Verified: 12/10/2025 ↘︎ 0.20%90d Change | 3.50% Verified: 12/10/2025 ↘︎ 0.50%90d Change |
| Product Name | Savings Account | Cash Reserve |
| Minimum Deposit | $0 | $10 |
| Min. Balance for APY | $0 | $0 |
| 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 | iOS4.8 Android4.7 |
| BBB Rating | A+ | A- |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ally Bank | Betterment |
|---|---|---|
| Savings Account | Cash Reserve | |
Current APY | 3.30% | 3.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.3 | -4.7 |
Days Since Change | 40 | 39 |
10-Month High | 3.80% | 4.00% |
10-Month Low | 3.30% | 3.50% |
Adjustments / Mo | 0.47 | 0.19 |
Volatility Score | 0.040 | 0.049 |
How to read these metrics(Click to expand)
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