Ally Bank vs. GO2bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Ally BankSavings Account Jan 21, 2026 | GO2bankHigh Yield Savings Jan 21, 2026 |
|---|---|---|
| APY | 3.30% | 0.00% - 4.50% |
Est. Earnings | $5,000+$165 $10,000+$330 $25,000+$825 | $5,000+$225 $10,000+$225 $25,000+$225 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | A GO2bank checking account is required to open a savings account. The 4.50% APY is up to $5,000. Balances above that earn no interest. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppChecking Bundle |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
As of Ally Bank offers an APY of 3.30% for its Savings Account, with a minimum balance of $0, compared to GO2bank's 4.50% APY for its High Yield Savings account, with a minimum balance of $0.
Ally Bank pays $105 more than GO2bank on a $10,000 balance after one year. Ally Bank pays $330, while GO2bank pays $225 (with an effective APY of 2.25%) - an APY advantage for Ally Bank.
Why Ally Bank?
- ✓No checking account or direct deposit required
- ✓Fast transfers via Zelle® (up to $5,000 a day)
Why GO2bank?
- ✓Higher potential APY (4.50% vs 3.30%) on balances up to $5,000 (requires checking bundle)
— Key Feature Differences —
Better Returns at $10,000
Ally BankAlly Bank's Savings Account earns more on smaller deposits (approx. $330 vs $225/yr).
Better Returns at $25,000
Ally BankAlly Bank's Savings Account pulls ahead with larger amounts (approx. $825 vs $225/yr).
Best for Simplicity
Ally BankAlly Bank's Savings Account offers 3.30% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
GO2bankGO2bank offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.5 (vs. 4.4)
Shared Benefits
Over a 1-year period, Ally Bank's Savings Account pays $105 more interest on a $10,000 balance than GO2bank's High Yield Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
GO2bank offers a High Yield Savings account with a competitive 4.50% APY, which is significantly higher than Ally Bank's Savings Account at 3.30% APY. However, to open a GO2bank savings account, a GO2bank checking account is required, and the high yield is capped at $5,000, with balances above that earning no interest. In contrast, Ally Bank's Savings Account has no such restrictions, offering a straightforward savings option with no minimum deposit, maintenance fees, or direct deposit requirements. Both banks operate online only and are FDIC insured.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
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Ally Bank vs. GO2bank Savings Calculator
You earn $105 more with Ally Bank than GO2bank 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+$330.00(3.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,330.00
GO2bank
High Yield Savings
4.50% on first $5,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$225.00(2.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,225.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Ally Bank | GO2bank |
|---|---|---|
| APY | 3.30% Verified: 1/21/2026 ↘︎ 0.10%90d Change | 4.50% 0Verified: 1/21/2026 Stable (90d) |
| Product Name | Savings Account | High Yield Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $5 per month, unless you set up direct deposit |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS4.7 Android4.4 | iOS4.8 Android4.5 |
| Zelle® Support | Available Limit: $5,000/dayBenchmark for online Zelle; high limits. | Not Supported |
| BBB Rating | A+ | Not Rated |
| Important Notes | - | A GO2bank checking account is required to open a savings account. The 4.50% APY is up to $5,000. Balances above that earn no interest. |
| Next Steps | Visit SiteVerify at Ally Bank Non-sponsored link to official site | Visit SiteVerify at GO2bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Ally Bank | GO2bank |
|---|---|---|
| Savings Account | High Yield Savings | |
Current APY | 3.30% | 4.50% |
Trend | Stable | Stable |
Velocity (bps/mo) | -4.8 | 0.0 |
Days Since Change | 82 | 167 |
6-Month High | 3.50% | 4.50% |
6-Month Low | 3.30% | 4.50% |
Adjustments / Mo | 0.36 | 0.00 |
Volatility Score | 0.025 | 0.000 |
How to read these metrics(Click to expand)
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