Ally Bank vs Capital One
High-Yield Savings Accounts Comparison
Last Updated: July 15, 2025
Summary of Ally Bank vs. Capital One
As of 7/15/2025 both Ally Bank (Savings Account) and Capital One (360 Performance Savings) offer an APY of 3.50% .
Both banks yield $350 in interest on a $10,000 balance after one year. Neither has an APY advantage, so consider other features (fees, access, app ratings, etc.) when choosing.
Ally Bank
Strengths
- Ally Bank has no branches, offering a fully online experience.
- Ally Bank has a solid 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.
- Ally Bank does not have physical branches for in-person service.
- Ally Bank's Google Play rating is lower at 4.4.
Capital One
Strengths
- Capital One offers over 200 branches for in-person banking.
- Capital One has a higher App Store rating of 4.9.
- Capital One is BBB Accredited, enhancing its trustworthiness.
Potential Drawbacks
- Capital One's current APY is 3.50%, down from 3.60% last month.
- Capital One's Google Play rating is slightly lower at 4.5.
- Capital One's online savings account is not exclusively online.
Summary: Both Ally Bank and Capital One offer high-yield savings accounts with a current APY of 3.50%, down from 3.60%. Ally Bank operates online-only, while Capital One provides over 200 branches for in-person service. Ally Bank has a higher App Store rating of 4.7 compared to Capital One's 4.9, but Capital One is BBB Accredited, which may appeal to some customers. Both banks charge no maintenance fees.
Compare Ally Bank's vs Capital One's Savings Accounts
| Ally Bank | Capital One | ||
|---|---|---|---|
| Product | Savings Account | vs | 360 Performance Savings |
| APY | 3.50% (as of 7/15/2025) | 3.50% (as of 7/15/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | No | |
| Compound Frequency | Daily | Monthly | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Visit Bank | Savings Account | 360 Performance Savings | |
| App Store Rating | 4.7/5 | 4.9/5 | |
| Google Play Rating | 4.4/5 | 4.5/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 6 Months)
| Ally Bank | Capital One | ||
|---|---|---|---|
| Product | Savings Account | vs | 360 Performance Savings |
| Latest APY | 3.50 % | 3.50 % | |
| Trend | Sideways | Sideways | |
| Slope (bps/mo) | -4.9 | -4.2 | |
| Rate Changes / Mo | 0.53 | 0.53 | |
| Days Since Last Change | 28 | 20 | |
| High (-6 m) | 3.80 % | 3.80 % | |
| Low (-6 m) | 3.50 % | 3.50 % | |
| Draw-down from High | -7.9 % | -7.9 % | |
| Volatility (CV) | 0.024 | 0.021 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 6 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 (-6 m)
- Highest APY in the last 169 days.
- Low (-6 m)
- Lowest APY in the last 169 days.
- Draw-down from High
- How far today sits below the 6-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 Capital One
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 DetailsCapital One
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 DetailsAfter 1 year Ally Bank would earn you the same as Capital One.
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 Barclays | 4.10% | $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 | 3.50% | $0 |
| Ally Bank vs Fitness Bank | 5.00% | $100 |
| Ally Bank vs Marcus by Goldman Sachs | 3.65% | $0 |
| Ally Bank vs Presidential Bank | 4.50% | $5,000 |
| Ally Bank vs SoFi Bank | 3.80% | $0 |
| Ally Bank vs Synchrony Bank | 3.80% | $0 |
| Ally Bank vs Varo Bank | 5.00% | $0 |
| Ally Bank vs Wells Fargo | 2.51% | $25 |
Compare Capital One's APY of 3.50% with other banks
| Bank Pair | Best APY | Min Deposit |
|---|---|---|
| Capital One vs American Express | 3.60% | $0 |
| Capital One vs Axos Bank | 4.66% | $0 |
| Capital One vs Bank of America | 0.01% | $100 |
| Capital One vs Barclays | 4.10% | $0 |
| Capital One vs Chase Bank | 0.01% | $0 |
| Capital One vs Chime | 3.75% | $0 |
| Capital One vs CIT Bank | 4.00% | $100 |
| Capital One vs Discover Bank | 3.50% | $0 |
| Capital One vs Fitness Bank | 5.00% | $100 |
| Capital One vs Marcus by Goldman Sachs | 3.65% | $0 |
| Capital One vs Presidential Bank | 4.50% | $5,000 |
| Capital One vs SoFi Bank | 3.80% | $0 |
| Capital One vs Synchrony Bank | 3.80% | $0 |
| Capital One vs Varo Bank | 5.00% | $0 |
| Capital One vs Wells Fargo | 2.51% | $25 |