Capital One 360 Performance Savings vs Ally Bank (2026)
Both paid 3.10% APY on October 19, 2026, with no minimum and no monthly fee, so the rate does not decide this one. Capital One 360 takes cash deposits and has branches and Cafés; Ally has savings buckets and cheaper wires. Choose by how you bank, not by the rate.
By Wealthy Pot Editorial · Facts checked October 19, 2026
| Feature | Capital One 360 Performance Savings | Ally Bank |
|---|---|---|
| Type | Online bank | Online bank |
| APY | 3.10% APY on all balances (Oct 2026) | 3.10% APY on all balances (Oct 2026) |
| Interest on $10,000 for a year | About $310 | About $310 |
| Minimum to open | $0 | $0 |
| Min balance for top APY | $0 | $0 |
| Monthly fee | $0 | $0 |
| FDIC | FDIC-insured | FDIC-insured |
| Deposits held by | Capital One, National Association | Ally Bank |
| CFPB checking and savings complaints | About 8.3 per $1 billion of deposits | About 6.3 per $1 billion of deposits |
| Best for | Savers who want a no-minimum HYSA from a big bank with some branches | Savers who want great tools (savings buckets) from a full online bank |
Interest is our arithmetic on the APY shown, before tax, assuming the rate holds for a year (savings rates are variable). Complaint figures are CFPB checking and savings complaints from October 2025 to September 2026 for the whole company, per $1 billion of the bank's deposits in FDIC data.
Key differences
With the same APY, $10,000 earns about $310 a year at either bank if the rate held (APY already accounts for compounding, daily at Ally and monthly at Capital One).
Capital One 360 suits people who still need a physical bank: you can deposit cash, and Capital One has branches and Cafés (Cafés are not full branches). It lets you open several savings accounts by goal and save automatically with Autopilot and Paycheck Percentage. Ally splits one account into buckets instead, adds Round Ups and Surprise Savings. Ally limits savings withdrawals to 10 per statement cycle, without a fee for going over.
Outgoing domestic wires cost $30 at Capital One and $20 at Ally. Neither savings account has ATM access; both banks offer checking at the same bank (360 Checking and Ally Spending). In CFPB data for October 2025 to September 2026, checking and savings complaints ran about 8.3 per $1 billion of deposits for Capital One and 6.3 for Ally.
Where Capital One 360 Performance Savings wins
- Cash deposits accepted, with branches and Cafés for in-person help
- No-fee 360 Checking at the same bank
- Paycheck Percentage and Autopilot for automatic saving
- No minimum to open or to earn the APY
Where Ally Bank wins
- Savings buckets and Round Ups built into the account
- Checking (Ally Spending) at the same bank
- No minimum to open or to earn the APY, and no monthly fee
- Phone support 24/7
Which should you choose?
Pick Capital One 360 Performance Savings if
- You want checking and savings at a large bank, with places to deposit cash in person.
- You want automatic saving from each paycheck and separate accounts for each goal.
- You want no minimum and no monthly fee.
Pick Ally Bank if
- You want checking and savings at one online bank, with transfers between them inside the same app.
- You like to save for several goals at once and want buckets instead of separate accounts.
- You want no minimum and no monthly fee, and you value phone support around the clock.
Capital One 360 Performance Savings vs Ally Bank: FAQ
Is Capital One 360 or Ally Savings better?
They paid the same 3.10% APY on October 19, 2026. Capital One 360 is better if you deposit cash or want branches; Ally is better for savings buckets and cheaper outgoing wires.
Can I deposit cash into Capital One 360 or Ally savings?
Capital One lists cash among the ways to deposit into 360 Performance Savings. For Ally savings, plan on transfers, direct deposit or mobile check deposit (Ally eCheck Deposit).
Compare these against every option in our high-yield savings comparison.
We summarize each bank's published terms, not user reviews. Facts come from our full reviews of both accounts, each checked against the provider's own pages on October 19, 2026 with every source listed; FDIC and CFPB figures come from the agencies' public data. We re-check about once a month. Some accounts are brokerage cash insured through partner banks. Some outbound links may be affiliate links. That never affects our comparisons. Nothing here is financial advice.