SavingsEditor's ReviewSponsored
Ally Bank High-Yield Savings Review
No-Fee Online Banking, Done Right
4.6/ 5.0
Savings APY4.20% APY
Monthly FeesNone
Savings BucketsBuilt-in goal tools
InsuranceFDIC insured
Top Pick · Savings
Ally Bank
4.20% APY High-Yield Savings Account
No monthly fees
CalcMoney Editor's Take
Ally has been a top-three online bank for over a decade. Its savings account combines a competitive APY with genuine banking features including no-penalty CDs and an intuitive mobile app.
Pros
- 4.20% APY with no conditions or minimums
- Savings Buckets: organize money by goal within one account
- No-penalty CD available alongside savings
- Award-winning customer service (24/7 phone + chat)
- Full checking account with 43,000+ free ATMs
Cons
- Slightly lower APY than top competitors
- No physical branches
- Cash deposits not accepted (checks only)
Best For
People who want reliable online bankingMulti-goal saversThose who also want a no-fee checking account
Run the Numbers First
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APY subject to change. FDIC insured up to $250,000.