High-Yield Savings Account Comparison

Ally Bank vs. Chime

Compare rates, requirements, and features side-by-side to find the best option for you.

Analysis by Aviel Fahl

Updated December 6, 2025

Advertising Disclosure: We may earn a commission from partner links.

Ally Bank

Savings Account

3.30%

APY

Dec 6, 2025

FDIC InsuredNo MinimumsGreat iOS AppGreat Android App

Show Fine Print & Trends

Min. Deposit	$0
Min. Balance	$0
Maintenance Fee	$0
Compound Freq	Daily
Direct Deposit	Not required
Deposit Insurance	FDIC Insured(Cert: 57803)
Eligibility	United States
Mobile Ratings	iOS:4.7 Android:4.4
BBB Rating	A+(Not BBB Accredited)

Rate Stability

Rate Adjusted

-0.20%

Since 90 days ago

Read Bank Overview

Chime

Chime High-Yield Savings Account

Up to

3.50%

APY

Dec 6, 2025

FDIC InsuredDirect Deposit ReqChecking BundleNo MinimumsGreat iOS AppGreat Android App

Range: 1.00% – 3.50%

Show Fine Print & Trends

Min. Deposit	$0
Min. Balance	$0.01
Maintenance Fee	$0
Compound Freq	Daily
Direct Deposit	Required (You need to receive a qualifying direct deposit of $200 or more within the preceding 34 days)
Deposit Insurance	FDIC Insured
Eligibility	United States
Mobile Ratings	iOS:4.8 Android:4.7
BBB Rating	A+(BBB Accredited)

Rate Stability

Rate Adjusted

-0.25%

Since 90 days ago

Read Bank Overview

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.

See Top Rates

Comparison Analysis

Comparing Ally Bank vs. Chime

Updated: Dec 6, 2025

Why Ally Bank?

✓No checking account or direct deposit required

Why Chime?

✓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

Chime

Chime's Chime High-Yield Savings Account earns more on smaller deposits (approx. $350 vs $330/yr).

Better Returns at $25,000

Chime

Chime's Chime High-Yield Savings Account pulls ahead with larger amounts (approx. $875 vs $825/yr).

Best for Simplicity

Ally Bank

Ally Bank's Savings Account offers 3.30% APY with no bundling, direct deposit requirement or caps.

Best for All-in-One Banking

Chime

Chime's Chime High-Yield Savings Account pays a superior APY for customers who also open a checking account.

Best Mobile App Experience

Chime

Chime offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.7 (vs. 4.4)

Shared Benefits

Both offer monthly maintenance-free account options Both banks have options with $0 opening deposit Available Nationwide Available to New & Existing Customers

The Bottom Line

Over a 1-year period, Chime's Chime High-Yield Savings Account pays $20 more interest on a $10,000 balance than Ally Bank's Savings Account.

Ally BankChime

Automated Data Audit

Executive Summary

Chime's High-Yield Savings Account leads with a competitive APY of 3.50%, making it an attractive option for savers, especially those who also open a checking account. This account requires a qualifying direct deposit of $200 or more within the preceding 34 days. In comparison, Ally Bank offers a Savings Account with an APY of 3.30%, which is notable for its simplicity, as it has no direct deposit requirement or maintenance fees. Both accounts are online-only and require no minimum balance, but Chime's higher APY positions it as the preferred choice for those eligible.

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.

ExploreAlly Bank ExploreChime

Stop Losing Interest

See who beats both Ally Bank and Chime.

Compare All High-Yield Savings Accounts

Pibank

Pibank Savings

FDIC InsuredNo Minimums

4.60% APY

+1.10% vs Chime

Better Rate

Pibank vs Ally Bank Pibank vs Chime

Neighbors Bank

Neighbors Savings Account

FDIC InsuredNo MinimumsGreat Android App

4.50% APY

+1.00% vs Chime

Better Rate

Neighbors Bank vs Ally Bank Neighbors Bank vs Chime

Axos Bank

Axos ONE

FDIC InsuredNo MinimumsGreat iOS AppGreat Android App

4.31% APY

+0.81% vs Chime

Better Rate

Axos Bank vs Ally Bank Axos Bank vs Chime

Feature	Ally Bank	Chime
APY	3.30% Verified: 12/6/2025 ↘︎ 0.20%90d Change	3.50% Range: 1.00% - 3.50% Verified: 12/6/2025 ↘︎ 0.25%90d Change
Product Name	Savings Account	Chime High-Yield Savings Account
Minimum Deposit	$0	$0
Min. Balance for APY	$0	$0.01
Monthly Fee	$0	$0
Branch Access	None	None
Account Type	Online Only	Online Only
Direct Deposit Req.	None	RequiredYou need to receive a qualifying direct deposit of $200 or more within the preceding 34 days
Checking Bundle	No	Yes
Mobile Apps	iOS4.7 Android4.4	iOS4.8 Android4.7
BBB Rating	A+	A+
Next Steps	- View Details	- View Details

Savings Comparison

Calculations based on current APY.

Initial Deposit

Recurring Deposit

Frequency

Duration

Chime earns $127 more than Ally Bank.

Ally Bank

Savings Account

3.30% APY

Savings Breakdown

Interest Earned
+$1,987.10(9.9%)
Total Contributions
$13,000
Initial Deposit
$5,000

Projected Balance

$19,987.10

Effective APY

3.30%

View Details

Chime

Chime High-Yield Savings Account

3.50% APY

Savings Breakdown

Interest Earned
+$2,114.10(10.5%)
Total Contributions
$13,000
Initial Deposit
$5,000

Projected Balance

$20,114.10

Effective APY

3.50%

View Details

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

📈 Compare Savings Rates Over Time

Historical Performance

Last 10 Months Analysis

Metric	Ally Bank	Chime
	Savings Account	Chime High-Yield Savings Account
Current APYMost recent advertised annual-percentage yield.	3.30%	3.50%
TrendDirection over the last 10 months (regression slope).	Stable	Stable
Velocity (bps/mo)Average monthly change; 10 bps = 0.10 pp.	-4.3	12.5
Days Since ChangeRecency of the latest APY adjustment.	36	51
10-Month HighHighest APY in the last 310 days.	3.80%	3.75%
10-Month LowLowest APY in the last 310 days.	3.30%	2.00%
Adjustments / MoTypical number of APY moves per month.	0.48	0.19
Volatility ScoreCoefficient of variation (stdev ÷ mean). Lower is more stable.	0.039	0.195

How to read these metrics(Click to expand)

Trends & Velocity

Trend: The general direction of the rate over the analyzed period. Useful for spotting if a bank is currently aggressive or pulling back.
Velocity (bps/mo): Speed of change. A high positive number means they raise rates quickly. 10 bps = 0.10%.
Adjustments/Mo: "Twitchiness." High frequency means the rate changes constantly; low frequency means it's stable.

Risk & Range

High/Low: The absolute ceiling and floor of the rate during the 310-day window.
Volatility Score: Lower is better for predictability. It indicates how wildly the rate swings relative to its average.
Days Since Change: If this number is high (e.g., >90), the rate is very sticky. If low, it changed recently.

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Comparing against other Bundled Accounts

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4.31%

APY

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SoFi BankChecking Bundle

4.30%

APY

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4.00%

APY

More Comparisons

Compare Ally Bank's APY of 3.30% with other banks

Bank Pair	Competitor APY	Min Deposit
Ally Bank vs American Express	3.40%	$0
Ally Bank vs Axos Bank	4.31%	$0
Ally Bank vs Bank of America	0.01%	$100
Ally Bank vs Barclays	4.00%	$0
Ally Bank vs Bask Bank	3.90%	$0
Ally Bank vs BMO Alto	3.25%	$0
Ally Bank vs BrioDirect	4.00%	$5,000
Ally Bank vs Capital One	3.40%	$0
Ally Bank vs Chase Bank	0.01%	$0
Ally Bank vs CIT Bank	3.75%	$100
Ally Bank vs Citibank	3.30%	$0
Ally Bank vs Citizens Access™	3.35%	$0.01
Ally Bank vs Climate First Bank	4.21%	$50
Ally Bank vs Discover Bank	3.40%	$0
Ally Bank vs Elevault	4.08%	$0
Ally Bank vs EverBank	4.05%	$0
Ally Bank vs Fitness Bank	4.75%	$100
Ally Bank vs FNBO Direct	3.00%	$1
Ally Bank vs Forbright Bank	4.00%	$0
Ally Bank vs FVCbank	3.85%	$500
Ally Bank vs GO2bank	4.50%	$0
Ally Bank vs Ivy Bank	4.25%	$2,500
Ally Bank vs LendingClub	4.20%	$0
Ally Bank vs Marcus by Goldman Sachs	3.65%	$0
Ally Bank vs Neighbors Bank	4.50%	$0
Ally Bank vs Newtek Bank	4.35%	$0.01
Ally Bank vs Openbank	4.20%	$500
Ally Bank vs Peak Bank	4.20%	$100
Ally Bank vs Pibank	4.60%	$0
Ally Bank vs PNC	3.53%	$0
Ally Bank vs Presidential Bank	4.00%	$5,000
Ally Bank vs Quontic Bank	3.75%	$100
Ally Bank vs Salem Five Direct	3.71%	$10
Ally Bank vs Santander Bank	0.01%	$25
Ally Bank vs SoFi Bank	4.30%	$0
Ally Bank vs Synchrony Bank	3.65%	$0
Ally Bank vs TIMBR	4.40%	$1,000
Ally Bank vs UFB Direct	3.71%	$5000
Ally Bank vs Valley Direct	4.10%	$1,000
Ally Bank vs Varo Bank	5.00%	$0
Ally Bank vs Vio Bank	4.16%	$100
Ally Bank vs Wealthfront	4.15%	$0
Ally Bank vs Wells Fargo	0.05%	$25
Ally Bank vs Zynlo Bank	4.05%	$10

Compare Chime's APY of 3.50% with other banks

Bank Pair	Competitor APY	Min Deposit
Chime vs American Express	3.40%	$0
Chime vs Axos Bank	4.31%	$0
Chime vs Bank of America	0.01%	$100
Chime vs Barclays	4.00%	$0
Chime vs Bask Bank	3.90%	$0
Chime vs BMO Alto	3.25%	$0
Chime vs BrioDirect	4.00%	$5,000
Chime vs Capital One	3.40%	$0
Chime vs Chase Bank	0.01%	$0
Chime vs CIT Bank	3.75%	$100
Chime vs Citibank	3.30%	$0
Chime vs Citizens Access™	3.35%	$0.01
Chime vs Climate First Bank	4.21%	$50
Chime vs Discover Bank	3.40%	$0
Chime vs Elevault	4.08%	$0
Chime vs EverBank	4.05%	$0
Chime vs Fitness Bank	4.75%	$100
Chime vs FNBO Direct	3.00%	$1
Chime vs Forbright Bank	4.00%	$0
Chime vs FVCbank	3.85%	$500
Chime vs GO2bank	4.50%	$0
Chime vs Ivy Bank	4.25%	$2,500
Chime vs LendingClub	4.20%	$0
Chime vs Marcus by Goldman Sachs	3.65%	$0
Chime vs Neighbors Bank	4.50%	$0
Chime vs Newtek Bank	4.35%	$0.01
Chime vs Openbank	4.20%	$500
Chime vs Peak Bank	4.20%	$100
Chime vs Pibank	4.60%	$0
Chime vs PNC	3.53%	$0
Chime vs Presidential Bank	4.00%	$5,000
Chime vs Quontic Bank	3.75%	$100
Chime vs Salem Five Direct	3.71%	$10
Chime vs Santander Bank	0.01%	$25
Chime vs SoFi Bank	4.30%	$0
Chime vs Synchrony Bank	3.65%	$0
Chime vs TIMBR	4.40%	$1,000
Chime vs UFB Direct	3.71%	$5000
Chime vs Valley Direct	4.10%	$1,000
Chime vs Varo Bank	5.00%	$0
Chime vs Vio Bank	4.16%	$100
Chime vs Wealthfront	4.15%	$0
Chime vs Wells Fargo	0.05%	$25
Chime vs Zynlo Bank	4.05%	$10