Ally Bank vs. Chase Bank
Ally Bank's Savings Account pays 3.00% APY while Chase Bank's Chase Savings℠ pays 0.01% APY.
See how they compare on rate stability, mobile app ratings, and more below.
The Bottom Line
Who pays more interest on $10,000? Ally Bank pays $299 more than Chase Bank annually ($300 vs $1).
Choose Ally Bank if getting the best rate matters most.
| Metric | Ally BankSavings Account Sep 4, 2026 | Chase BankChase Savings℠ Sep 3, 2026 |
|---|---|---|
| APY | 3.00% | 0.01% |
Earns in a year | $5,000+$150 $10,000+$300 $25,000+$750 | $5,000+$1 $10,000+$1 $25,000+$3 |
Min. Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. |
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® SupportedDaily CompoundingRate Changes Often | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedStable Rate |
Market Reality Check
Both of these institutions offer rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.
Comparison Analysis
Comparing Ally Bank vs. Chase Bank
Executive Summary
Ally Bank offers a competitive Savings Account and Money Market Account, both yielding an impressive 3.00% APY, making it a strong choice for savers. These accounts require no minimum deposit or balance, and there are no maintenance fees. In contrast, Chase Bank's highest-yielding product, the Chase Savings℠, offers a significantly lower APY of 0.01%. While Chase provides a robust mobile app experience, its savings rates are not competitive compared to Ally. Both banks are online-only, with Ally being nationally available, while Chase has a broader physical presence in various states.
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?
- Higher potential APY (3.00% vs 0.01%) on all balances
- No checking account or direct deposit required
Why Chase Bank?
- Higher rated Android app (4.8 vs 4.4)
- Offers 4 different high-yield savings options
Key Feature Differences
Better Returns at $10,000
Ally BankAlly Bank's Savings Account earns more on smaller deposits (approx. $300 vs $1/yr).
Better Returns at $25,000
Ally BankAlly Bank's Savings Account pulls ahead with larger amounts (approx. $750 vs $3/yr).
Better Mobile App Experience
Chase BankChase Bank offers an iOS app rated 4.8 (vs. 4.7) and Android app rated 4.8 (vs. 4.4)
Shared Benefits
Over a 1-year period, Ally Bank's Savings Account pays $299 more interest on a $10,000 balance than Chase Bank's Chase Savings℠.
*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. Chase Bank Savings Calculator
You earn $299 more with Ally Bank than Chase 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+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
Chase Bank
Chase Savings℠
Savings Breakdown
- Interest Earned+$1.00(0.0%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,001.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Ally Bank | Chase Bank |
|---|---|---|
| APY | 3.00% Observed: 9/4/2026 Stable over 90 days | 0.01% Observed: 9/3/2026 Stable over 90 days |
| Product Name | Savings Account | Chase Savings℠ |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $5 |
| Compound Frequency | Daily | Monthly |
| In-Branch Access | No | Yes |
| Account Type | Online Only | Online & Branches |
| Physical Branches | 1 (UT) | 5,392 (AL, AR, AZ, CA, CO, CT, DC, DE (+41 more)) |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | ||
| FDIC or NCUA Insured | YesVerify FDIC | YesVerify FDIC |
| Zelle® Support | Available Limit: $5,000/dayBenchmark for online Zelle; high limits. | Available Limit: $2,000/dayBranded as Chase QuickPay; dynamic limits up to $10k. |
| BBB Rating | A+ | A- |
| Important Notes | - | APY may vary by market. The maintenance fee may be waived under some circumstances, such as if the account balance is maintained with at least $300 each day, or you set up automatic transfers from a linked Chase account, etc. |
| Next Steps | Visit SiteVerify at Ally Bank Non-sponsored link to official site | Visit SiteVerify at Chase Bank Non-sponsored link to official site |
Compare Savings Rates Over Time
Historical Performance
| Metric | Ally Bank | Chase Bank |
|---|---|---|
| Savings Account | Chase Savings℠ | |
Current APY | 3.00% | 0.01% |
Trend | Stable | Stable |
Speed of change | -0.04 | 0.00 |
Days Since Change | 93 | 361 |
12-Month High | 3.50% | 0.01% |
12-Month Low | 3.00% | 0.01% |
Changes per month | 0.41 | 0.00 |
Steadiness | 0.025 | 0.000 |
How to read these metrics(Click to expand)
Trends and speed
- Trend: The general direction of the rate over the analyzed period. Useful for seeing whether a bank is raising its rate or letting it slip.
- Speed of change: How fast the rate moves. A high positive number means they raise rates quickly. A reading of 0.10 is a tenth of a percentage point each month.
- Changes per month: How often the rate moves. A high number means it changes constantly; a low number means it holds.
Risk & Range
- High/Low: The absolute ceiling and floor of the rate during the 364-day window.
- Steadiness: How far the rate swings around its average. A lower score means a steadier, more predictable rate.
- Days Since Change: A high number, for example above 90, means the rate rarely moves. A low number means it changed recently.
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High Rates (With Checking Bundle)
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More Comparisons
Compare Ally Bank's APY of 3.00% with other banks
Compare Chase Bank's APY of 0.01% with other banks
| Bank Pair | Competitor APY | Min Deposit |
|---|---|---|
| Chase Bank vs American Express | 3.00% | $0 |
| Chase Bank vs Axos Bank | 4.21% | $0 |
| Chase Bank vs Barclays | 3.65% | $0 |
| Chase Bank vs Capital One | 3.50% | $0 |
| Chase Bank vs Chime | 3.75% | $0 |
| Chase Bank vs CIT Bank | 3.75% | $100 |
| Chase Bank vs EverBank | 3.90% | $0 |
| Chase Bank vs Marcus by Goldman Sachs | 3.40% | $0 |
| Chase Bank vs Newtek Bank | 4.20% | $100 |
| Chase Bank vs Openbank | 3.80% | $500 |
| Chase Bank vs Pibank | 4.10% | $0 |
| Chase Bank vs SoFi Bank | 4.00% | $0 |
| Chase Bank vs Synchrony Bank | 3.30% | $0 |
| Chase Bank vs Varo Bank | 3.75% | $0 |
| Chase Bank vs Wealthfront | 3.95% | $0 |