Ally Bank vs Ufb Direct
High-Yield Savings Accounts Comparison

Last Updated: August 1, 2025

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Summary of Ally Bank vs. UFB Direct

As of August 1, 2025 Ally Bank offers an APY of 3.50% for its Savings Account, compared to UFB Direct's 4.21% APY for its UFB Checking and Savings Bundle account.

UFB Direct yields $71 more than Ally Bank on a $10,000 balance after one year. Ally Bank pays $350, while UFB Direct pays $421 - an APY advantage for UFB Direct.

In addition, UFB Direct also offers 4.01% APY for the UFB Portfolio Savings account.

Ally Bank

Strengths

  • Ally Bank offers a $0 minimum deposit and balance requirement for its Savings Account.
  • Ally Bank has a strong App Store rating of 4.7.
  • Ally Bank charges no maintenance fees.

Potential Drawbacks

  • Ally Bank's APY is lower at 3.50% compared to UFB Direct's highest APY.
  • Ally Bank does not offer a direct deposit option for its Savings Account.

UFB Direct

Strengths

  • UFB Direct's highest APY is 4.21%, significantly higher than Ally Bank's.
  • UFB Direct has a high App Store rating of 4.8 and Google Play rating of 4.8.
  • UFB Direct is BBB Accredited, showing a commitment to quality.

Potential Drawbacks

  • UFB Direct requires a $10,000 minimum balance for its highest APY.
  • UFB Direct's Savings Account has a direct deposit requirement to achieve the highest APY.
Summary: Ally Bank features a competitive APY of 3.50% with no minimum balance or direct deposit requirement, while UFB Direct offers a higher APY of 4.21% but requires a $10,000 minimum balance and direct deposits. Both banks have strong BBB ratings, but UFB Direct is also accredited. Ally Bank has a slightly lower App Store rating compared to UFB Direct's excellent ratings.

Compare Ally Bank's vs UFB Direct's Savings Accounts

Ally BankUFB Direct
ProductSavings AccountvsUFB Portfolio SavingsUFB Checking and Savings Bundle
APY
3.50% (as of 8/1/2025)4.01% (as of 8/1/2025)4.01% - 4.21% (as of 8/1/2025)
Bundled Account
NoNoNo
FDIC-insured
YesYesYes
Online OnlyYesYesYes
Compound Frequency
DailyDailyDaily
Minimum Deposit$0$0$5000
Minimum Balance for APY$0$0$10,000
Maintenance Fee$0$0$0
Direct Deposit Required
NoNoYes
NoteThe regular savings or money market APY may be boosted up to 4.21% by direct deposits, minimum balance of $10,000 and making 10 approved debit card transactions per statement cycle. See bank for full details.
Sponsored Link
App Store Rating4.7/54.8/5
Google Play Rating4.4/54.8/5
BBB RatingA+A+

Comparative Historical APY Insights (Last 6 Months)

Ally BankUFB Direct
ProductSavings AccountvsUFB Checking and Savings BundleUFB Portfolio Savings
Latest APY3.50 %4.21 %4.01 %
TrendSidewaysSidewaysSideways
Slope (bps/mo)-4.7-0.00.0
Rate Changes / Mo0.480.000.00
Days Since Last Change47170188
High (-6 m)3.80 %4.21 %4.01 %
Low (-6 m)3.50 %4.21 %4.01 %
Draw-down from High-7.9 %0.0 %0.0 %
Volatility (CV)0.0250.0000.000
APY Insights Glossary
Latest APY
Most recent advertised annual-percentage yield.
Trend
Direction over the last 6 months (regression slope).
Slope (bps/mo)
Average monthly change; 10 bps = 0.10 pp.
Rate Changes / Mo
Typical number of APY moves per month.
Days Since Last Change
Recency of the latest APY adjustment.
High (-6 m)
Highest APY in the last 188 days.
Low (-6 m)
Lowest APY in the last 188 days.
Draw-down from High
How far today sits below the 6-month peak.
Volatility (CV)
Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
  • See how quickly a bank reacts to Fed moves or competition.
  • Gauge “twitchiness” - frequent moves can annoy savers.
  • Spot if you're buying near a peak (draw-down) or riding a rise.
  • Slope (bps/mo) shows speed of change.
  • Volatility (CV) scales jumps by average level.

Calculate Savings Growth for Ally Bank vs UFB Direct

All calculations are based on APY.

Ally Bank

APY: 3.50%

Total savings breakdown:

  • Interest earned: $2,114.1 (10.51%)
  • Total contributions: $13,000 (64.63%)
  • Initial deposit: $5,000 (24.86%)

Your total balance

$20,114.10

Effective APY: 3.50% (based on your deposit and contributions)

Total balance: $20,114.1

Earnings: $2,114.1

Bank Overview

UFB Direct

APY: 4.21%

⚠️The higher APY only applies once your balance reaches $10,000.

Total savings breakdown:

  • Interest earned: $2,541.6 (12.37%)
  • Total contributions: $13,000 (63.29%)
  • Initial deposit: $5,000 (24.34%)

Your total balance

$20,541.60

Effective APY: 4.17% (based on your deposit and contributions)

Total balance: $20,541.6

Earnings: $2,541.6

With a $5,000 initial deposit and $13,000 in total contributions over 5 years, Ally Bank's total earnings would be $427.5 lower than UFB Direct's total earnings.

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

More Comparisons

Compare Ally Bank's APY of 3.50% with other banks
Compare UFB Direct's APY of 4.21% with other banks