Ally Bank High Yield Savings vs Synchrony High Yield Savings
Highest APYSynchrony High Yield Savings3.40%
Lowest FeesAlly Bank High Yield SavingsNo fee
Most FeaturesAlly Bank High Yield Savings8 features
Rate Comparison
| Ally Bank High Yield Savings | Synchrony High Yield Savings | |
|---|---|---|
| APY | 3.00% | 3.40% |
| Compounding | Daily | Daily |
| Intro APY | - | - |
Fee Comparison
| Ally Bank High Yield Savings | Synchrony High Yield Savings | |
|---|---|---|
| Monthly Fee | None | None |
| Min Opening Deposit | $0 | $0 |
| Min Balance (no fee) | N/A | N/A |
Feature Comparison
| Ally Bank High Yield Savings | Synchrony High Yield Savings | |
|---|---|---|
| FDIC Insured | ✓ | ✓ |
| Mobile App | ✓ | ✓ |
| Mobile Deposit | ✓ | ✓ |
| ATM Access | ✓ | ✓ |
| Check Writing | ✗ | ✗ |
| Joint Account | ✓ | ✓ |
| Sub-Accounts | ✓ | ✗ |
| Auto Transfers | ✓ | ✓ |
| No Minimum Balance | ✓ | ✓ |
Who Should Pick Which?
Ally Bank High Yield Savings
Best for hands-off savers who want no minimums and zero fees.
- No monthly fees
- No minimum balance requirement
- Mobile app available
- No check-writing privileges
Synchrony High Yield Savings
Best for hands-off savers who want no minimums and zero fees.
- No monthly fees
- No minimum balance requirement
- Mobile app available
- No check-writing privileges
- No savings buckets or sub-accounts
Frequently Asked Questions
Which account has the highest APY?
Synchrony High Yield Savings currently offers the highest APY at 3.40%.
Which account has the lowest fees?
Ally Bank High Yield Savings has no monthly fees at all.
Are these accounts FDIC insured?
Yes, all compared accounts are FDIC insured up to $250,000.
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