Ally Bank vs. EverBank
Comparing Ally Bank and EverBank for high-yield savings: Ally Bank's Savings Account pays 3.10% APY while EverBank's Performance Savings pays 3.90% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? EverBank pays $80 more than Ally Bank annually ($390 vs $310).
Choose EverBank if getting the best rate matters most.
| Metric | Ally BankSavings Account Apr 21, 2026 | EverBankPerformance Savings Apr 21, 2026 |
|---|---|---|
| APY | 3.10% | 3.90% |
Est. Earnings | $5,000+$155 $10,000+$310 $25,000+$775 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.07% APY.
Executive Summary
EverBank offers a Performance Savings account with a competitive APY of 3.90%, making it the superior choice compared to Ally Bank's Savings Account, which has an APY of 3.10%. Both accounts require no minimum deposit, have no maintenance fees, and are online-only. EverBank's account provides better returns, particularly highlighted for larger deposits, and does not impose any direct deposit requirements or caps, making it a straightforward option for savers. In contrast, Ally Bank's account, while still a solid choice, offers a lower yield.
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?
No distinct advantages found vs EverBank.
Why EverBank?
- ✓Higher potential APY (3.90% vs 3.10%) 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. $390 vs $310/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $775/yr).
Best for Simplicity
EverBankEverBank's Performance Savings offers 3.90% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $80 more interest on a $10,000 balance than Ally Bank's Savings Account.
*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. EverBank Savings Calculator
You earn $80 more with EverBank than Ally 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+$310.00(3.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,310.00
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Still banking with Chase, Bank of America, or Wells Fargo?
On a $10,000 balance, you're missing out on at least $309 per year in interest.
Both Ally Bank and EverBank dramatically outperform the typical 0.01% APY at traditional big banks.
| Feature | Ally Bank | EverBank |
|---|---|---|
| APY | 3.10% Verified: 4/21/2026 ↘︎ 0.20%90d Change | 3.90% Verified: 4/21/2026 Stable (90d) |
| Product Name | Savings Account | Performance Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Compound Frequency | Daily | Daily |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Physical Branches | N/A | 11 locations in Florida and California |
| 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 Native integration verified. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at Ally Bank Non-sponsored link to official site | Visit SiteVerify at EverBank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ally Bank | EverBank |
|---|---|---|
| Savings Account | Performance Savings | |
Current APY | 3.10% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -3.9 | -4.6 |
Days Since Change | 5 | 123 |
12-Month High | 3.60% | 4.30% |
12-Month Low | 3.10% | 3.90% |
Adjustments / Mo | 0.41 | 0.16 |
Volatility Score | 0.040 | 0.042 |
How to read these metrics(Click to expand)
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