Ally Bank vs. Chase Bank
Comparing Ally Bank and Chase Bank for savings: Ally Bank's Savings Account pays 3.20% APY while Chase Bank's Chase Savings℠ pays 0.01% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Ally Bank pays $319 more than Chase Bank annually ($320 vs $1).
Choose Ally Bank if getting the best rate matters most. Choose Chase Bank if you value in-person banking.
| Metric | Ally BankSavings Account Mar 7, 2026 | Chase BankChase Savings℠ Mar 7, 2026 |
|---|---|---|
| APY | 3.20% | 0.01% |
Est. Earnings | $5,000+$160 $10,000+$320 $25,000+$800 | $5,000+$1 $10,000+$1 $25,000+$3 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedStable Rate |
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. Chase Bank
Executive Summary
Ally Bank offers a competitive Savings Account with an APY of 3.20%, providing better returns on deposits without any maintenance fees, minimum balance requirements, or direct deposit conditions, making it ideal for simplicity. In contrast, Chase Bank's Savings Account yields a significantly lower APY of 0.01% and has a monthly maintenance fee of $5, although this fee can be waived under certain conditions. Overall, Ally Bank's higher APY and lack of fees make it the superior choice for savers.
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?
- ✓Higher potential APY (3.20% vs 0.01%) on all balances
- ✓No checking account or direct deposit required
Why Chase Bank?
- ✓Physical branch access (Chase has more than 5,000 branches in nearly all of the United States, but not in Alaska and Hawaii.)
- ✓Higher rated Android app (4.7 vs 4.4)
— Key Feature Differences —
Better Returns at $10,000
Ally BankAlly Bank's Savings Account earns more on smaller deposits (approx. $320 vs $1/yr).
Better Returns at $25,000
Ally BankAlly Bank's Savings Account pulls ahead with larger amounts (approx. $800 vs $3/yr).
Best for Simplicity
Ally BankAlly Bank's Savings Account offers 3.20% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Chase BankChase Bank 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 $319 more interest on a $10,000 balance than Chase Bank's Chase Savings℠.
*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. Chase Bank Savings Calculator
You earn $319 more with Ally Bank than Chase Bank 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+$320.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,320.00
Chase Bank
Chase Savings℠
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Ally Bank | Chase Bank |
|---|---|---|
| APY | 3.20% Verified: 3/7/2026 ↘︎ 0.10%90d Change | 0.01% Verified: 3/7/2026 Stable (90d) |
| Product Name | Savings Account | Chase Savings℠ |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $5 |
| Compound Frequency | Daily | Monthly |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | N/A | Chase has more than 5,000 branches in nearly all of the United States, but not in Alaska and Hawaii. |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $5,000/dayBenchmark for online Zelle; high limits. | Available Limit: $2,000/dayBranded as Chase QuickPay; dynamic limits up to $10k. |
| BBB Rating | A+ | A- |
| Important Notes | - | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. |
| Next Steps | Visit SiteVerify at Ally Bank Non-sponsored link to official site | Visit SiteVerify at Chase Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ally Bank | Chase Bank |
|---|---|---|
| Savings Account | Chase Savings℠ | |
Current APY | 3.20% | 0.01% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.8 | -0.0 |
Days Since Change | 15 | 365 |
12-Month High | 3.70% | 0.01% |
12-Month Low | 3.20% | 0.01% |
Adjustments / Mo | 0.41 | 0.00 |
Volatility Score | 0.041 | 0.000 |
How to read these metrics(Click to expand)
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