Ally Bank vs. Wealthfront
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Ally Bank vs. Wealthfront
Key Metrics at a Glance
| Feature | Ally Bank | Wealthfront |
|---|---|---|
| Top Savings APY | 3.30% Savings Account | 4.15% Cash Account |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. |
Ally Bank
Strengths
- Ally Bank offers a competitive APY of 3.30%, though it decreased from 3.40% last month.
- Ally Bank has a strong BBB rating of A+.
- No maintenance fees or minimum balance requirements at Ally Bank.
Potential Drawbacks
- Ally Bank's APY is lower than Wealthfront's current APY of 4.15%.
- Ally Bank has no physical branches.
Wealthfront
Strengths
- Wealthfront offers a high initial APY of 4.15%, with a lower APY of 3.50% after three months.
- Wealthfront has an impressive App Store rating of 4.8 and Google Play rating of 4.9.
Potential Drawbacks
- Wealthfront has a poor BBB rating of F and is not accredited.
- Wealthfront has no branches, as it operates online only.
→ As of November 12, 2025 Ally Bank offers an APY of 3.30% for its Savings Account, with a minimum balance of $0, compared to Wealthfront's 4.15% APY for its Cash Account, with a minimum balance of $0.
→ Wealthfront yields $85 more than Ally Bank on a $10,000 balance after one year. Ally Bank pays $330, while Wealthfront pays $415 - an APY advantage for Wealthfront.
Calculate Savings Growth for Ally Bank vs Wealthfront
Ally Bank - Savings Account
Total savings breakdown:
- Interest earned: $1,987.1 (9.94%)
- Total contributions: $13,000 (65.04%)
- Initial deposit: $5,000 (25.02%)
Your total balance
$19,987.10
Total balance: $19,987.1
Earnings: $1,987.1
Bank OverviewWealthfront - Cash Account
Total savings breakdown:
- Interest earned: $2,531.8 (12.33%)
- Total contributions: $13,000 (63.32%)
- Initial deposit: $5,000 (24.35%)
Your total balance
$20,531.80
Total balance: $20,531.8
Earnings: $2,531.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Ally Bank's total earnings would be $544.7 lower than Wealthfront's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Ally Bank's vs Wealthfront's Savings Accounts
| Ally Bank | Wealthfront | ||
|---|---|---|---|
| Product | Savings Account | vs | Cash Account |
| APY | 3.30% (as of 11/12/2025) | 3.50% - 4.15% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. | ||
| App Store Rating | 4.7/5 | 4.8/5 | |
| Google Play Rating | 4.3/5 | 4.9/5 | |
| BBB Rating | A+ | F |
No historical data available.