Ally Bank vs Synchrony Bank
Head-to-head comparison of Ally Online Savings Account and Synchrony High Yield Savings, updated daily.
Synchrony Bank currently wins on APY: 4.35% vs 3.20%
| Feature | Ally BankLive | Synchrony BankUpdated 1d ago |
|---|---|---|
| APY | 3.20% | 4.35%★ |
| Min opening deposit | $0 | $0 |
| Min balance for APY | $0 | $0 |
| Monthly fee | $0.00 | $0.00 |
| Insurance | FDIC | FDIC |
| Compounding | daily | daily |
| ATM access | Yes | Yes |
| Check writing | No | No |
| Mobile app | Yes | Yes |
| Editor rating | 4.6 / 5★ | 4.2 / 5 |
Ally Bank verdict
Ally is the best-in-class for users who want a full banking relationship rather than just a high yield. The Buckets and Boosters features for goal-based savings are genuinely useful and not gimmicks. APY is competitive but not the highest on this list — pay this small premium for the ecosystem.
Read full Ally Bank review →Synchrony Bank verdict
Synchrony is the only top-10 HYSA on our list that ships with an ATM card by default — useful if you want true cash access from a savings account. APY is competitive but not category-leading.
Read full Synchrony Bank review →