Ally vs. Capital One 360 Performance Savings
On Nov 10, 2026, both paid 3.20% APY on every balance with no monthly fees or minimums. The choice comes down to savings tools versus in-person access.
Disclosure: links on this page currently go straight to each provider’s own site, and we don’t earn a commission from them. If we join a provider’s affiliate program later, that will never change which products we include or how we order them. How we make money.
How this page was made: it’s built from each provider’s own terms, rate and fee pages and from regulator sources, all listed at the bottom. We haven’t opened these accounts or products to test them, and we don’t give scores. Every rate shows the day we checked it. Our methodology.
Quick answer
Short answer: on Nov 10, 2026, Ally and Capital One 360 Performance Savings both paid 3.20% APY on all balances with no monthly fees or minimum balance. Pick Ally for savings buckets, round ups and automatic “Surprise Savings” transfers; pick Capital One if you want to open or withdraw at a branch or Café.
Last updated Rates checked Nov 10, 2026
Key facts at a glance
| Ally Bank Savings Account | Capital One 360 Performance Savings | |
|---|---|---|
| APY | 3.20% APY (variable; all balance tiers) as of Nov 10, 2026 | 3.20% APY (variable; all balances) as of Nov 10, 2026 |
| Monthly fee | $0 | $0 |
| Minimum to open | $0 | No minimum balance to open or maintain |
| Compounding | Daily | Accrues daily, compounds monthly |
| Withdrawal limit | 10 withdrawals and transfers per statement cycle (combined with money market) | Not stated on the page; no ATM withdrawals directly from savings |
We read each bank’s savings page and its FDIC[3][4][5] BankFind record on Nov 10, 2026. Rates are variable and can change after you open the account. We have no affiliate relationship with either bank.
Ally Bank Savings Account vs Capital One 360 Performance Savings: side-by-side
| Ally Bank Savings | Capital One 360 Performance Savings | |
|---|---|---|
| APY | 3.20% APY (variable; all balance tiers) as of Nov 10, 2026 | 3.20% APY (variable; all balances) as of Nov 10, 2026 |
| Monthly fee | $0 | $0 |
| Minimum to open | $0 | No minimum balance to open or maintain |
| Compounding | Daily | Accrues daily, compounds monthly |
| Withdrawal limit | 10 withdrawals and transfers per statement cycle (combined with money market) | Not stated on the page; no ATM withdrawals directly from savings |
| Tools | Buckets, round ups, recurring transfers, Surprise Savings | Savings goals; open and withdraw at branches or Cafés |
| FDIC-insured bank | Ally Bank (FDIC cert 57803) | Capital One, N.A. (FDIC cert 4297) |
What are the pros and cons?
Ally Bank Savings Account: pros
- Buckets to split savings goals in one account
- Round ups and automatic Surprise Savings transfers
- Daily compounding
Ally Bank Savings Account: cons
- Online only
- 10-withdrawal limit per statement cycle
Capital One 360 Performance Savings: pros
- Open or withdraw at a branch; Cafés offer self-service banking
- No minimum to open or maintain
Capital One 360 Performance Savings: cons
- Can’t withdraw from savings at an ATM
- Discover Bank deposits opened since May 18, 2025 count toward the same FDIC limit
Which should you choose: Ally Bank Savings Account or Capital One 360 Performance Savings?
With identical rates and no fees on Nov 10, 2026, neither wins on yield. Ally’s savings tools suit people who like to organize money by goal; Capital One suits people who want a branch nearby. If the rates diverge later, recheck both pages.
Choose Ally Bank Savings Account if…
- You want buckets and automatic savings boosters
- You bank entirely online
Choose Capital One 360 Performance Savings if…
- You want branch or Café access
- You already have Capital One checking
FDIC insurance at each bank
Both are FDIC-insured, with coverage up to $250,000 per depositor, per bank, for each ownership category. Capital One’s page notes that any Capital One or Discover Bank deposit accounts opened on or after May 18, 2025 are counted together with your other Capital One deposits for FDIC[3][4][5] coverage, which matters if you hold large balances at both brands. See FDIC insurance limits.
Who should skip this
- You want the highest rate available. Other banks paid more on Nov 10, 2026; see best high-yield savings accounts.
- You won’t touch the money for a year. A CD can lock a rate; see best CD rates.
Frequently asked questions
Which pays more, Ally or Capital One 360?
Do either charge monthly fees?
Can I take cash out of savings at an ATM?
Are both banks FDIC-insured?
Do you earn money from either bank?
Sources
Every source below was opened and read for this page (rates last checked Nov 10, 2026). Providers’ own pages are labeled with the provider’s name; regulator pages are labeled with the agency. Rates and terms change often, so confirm on the provider’s site before you apply.
- Ally Bank: Online Savings Account (ally.com, checked Nov 10, 2026)
- Capital One: 360 Performance Savings (capitalone.com, checked Nov 10, 2026)
- FDIC BankFind: Ally Bank (banks.data.fdic.gov, checked Nov 10, 2026)
- FDIC BankFind: Capital One, N.A. (banks.data.fdic.gov, checked Nov 10, 2026)
- FDIC: Understanding Deposit Insurance (fdic.gov, checked Nov 10, 2026)
Related
Best online banks
Rates, fees and ATM access differ more than you’d expect between online banks. We read each bank’s checking and savings pages on Nov 10, 2026 and confirmed each charter on FDIC BankFind.
best ofBest high-yield savings accounts
Every account here is at an FDIC-insured bank, charges no monthly maintenance fee and paid 3.20% APY or more on the bank’s own page on Nov 10, 2026, versus the FDIC’s 0.38% national average for savings. The differences are tiers, minimums and how you move money.