Ally Bank vs. EverBank
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
EverBank
Performance Savings
4.05%APYDec 6, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
EverBank
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. EverBank
Why Ally Bank?
- ✓Higher rated iOS app (4.7 vs 2.3)
- ✓Higher rated Android app (4.4 vs 1.4)
Why EverBank?
- ✓Higher potential APY (4.05% vs 3.30%) on all balances
- ✓Physical branch access (11 locations in Florida and California)
— Key Feature Differences —
Better Returns at $10,000
EverBankEverBank's Performance Savings earns more on smaller deposits (approx. $405 vs $330/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $1013 vs $825/yr).
Best for Simplicity
EverBankEverBank's Performance Savings offers 4.05% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Ally BankAlly Bank offers an iOS app rated 4.7 (vs. 2.3) and Android app rated 4.4 (vs. 1.4)
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $75 more interest on a $10,000 balance than Ally Bank's Savings Account.
Executive Summary
EverBank offers a Performance Savings account with a competitive APY of 4.05%, making it the winner in this comparison. This account is online-only, requires no minimum deposit or balance, and boasts no maintenance fees, providing a straightforward savings option. In contrast, Ally Bank's Savings Account offers a lower APY of 3.30%, but also features no minimum deposit or maintenance fees and is praised for its mobile app experience. Both banks do not require direct deposit and are FDIC insured, making them viable options for savers.
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.
Top Market Contenders
See who beats both Ally Bank and EverBank.
| Feature | Ally Bank | EverBank |
|---|---|---|
| APY | 3.30% Verified: 12/6/2025 ↘︎ 0.20%90d Change | 4.05% Verified: 12/6/2025 ↘︎ 0.25%90d Change |
| Product Name | Savings Account | Performance Savings |
| Minimum Deposit | $0 | $0 |
| 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 | iOS2.3 Android1.4 |
| BBB Rating | A+ | A+ |
| Next Steps |
Savings Comparison
EverBank earns $479.9 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
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$2,467.00(12.1%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$20,467.00
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 | EverBank |
|---|---|---|
| Savings Account | Performance Savings | |
Current APY | 3.30% | 4.05% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.3 | -2.9 |
Days Since Change | 36 | 78 |
10-Month High | 3.80% | 4.30% |
10-Month Low | 3.30% | 4.05% |
Adjustments / Mo | 0.48 | 0.10 |
Volatility Score | 0.039 | 0.027 |
How to read these metrics(Click to expand)
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