Ally Bank vs. Capital One
Compare rates, requirements, and features side-by-side to find the best option for you.
Ally Bank
Savings Account
3.30%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Ally Bank
Savings Account
Capital One
360 Performance Savings
3.40%APYDec 6, 2025FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessShow Fine Print & Trends Hide Details
Capital One
360 Performance Savings
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.
Comparison Analysis
Comparing Ally Bank vs. Capital One
Why Ally Bank?
No distinct advantages found vs Capital One.
Why Capital One?
- ✓Physical branch access (Over 200 branches in Louisiana, Maryland, New Jersey, New York, Texas, Virginia and Washington, D.C.)
— Key Feature Differences —
Better Returns at $10,000
Capital OneCapital One's 360 Performance Savings earns more on smaller deposits (approx. $340 vs $330/yr).
Best Mobile App Experience
Capital OneCapital One offers an iOS app rated 4.9 (vs. 4.7) and Android app rated 4.5 (vs. 4.4)
Shared Benefits
Over a 1-year period, Capital One's 360 Performance Savings pays $10 more interest on a $10,000 balance than Ally Bank's Savings Account.
Executive Summary
Capital One offers a competitive 360 Performance Savings account with an APY of 3.40%, making it the winner in this comparison. This account features no minimum deposit or balance requirements and does not charge maintenance fees. Additionally, it provides a monthly compounding frequency and is accessible through both online and physical branches. In contrast, Ally Bank's Savings Account offers a slightly lower APY of 3.30% but shares similar benefits, such as no minimum deposit, no maintenance fees, and daily compounding, though it is exclusively online. Both accounts do not require direct deposit.
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 Capital One.
| Feature | Ally Bank | Capital One |
|---|---|---|
| APY | 3.30% Verified: 12/6/2025 ↘︎ 0.20%90d Change | 3.40% Verified: 12/6/2025 ↘︎ 0.10%90d Change |
| Product Name | Savings Account | 360 Performance Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.4 | iOS4.9 Android4.5 |
| BBB Rating | A+ | A+ |
| Next Steps |
Savings Comparison
Capital One earns $63.4 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
Capital One
360 Performance Savings
Savings Breakdown
- Interest Earned+$2,050.50(10.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,050.50
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ally Bank | Capital One |
|---|---|---|
| Savings Account | 360 Performance Savings | |
Current APY | 3.30% | 3.40% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.3 | -3.5 |
Days Since Change | 36 | 66 |
10-Month High | 3.80% | 3.80% |
10-Month Low | 3.30% | 3.40% |
Adjustments / Mo | 0.48 | 0.38 |
Volatility Score | 0.039 | 0.032 |
How to read these metrics(Click to expand)
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