BMW Bank vs Ally Savings: Which Pays More?
BMW Bank pays 4.15% APY through Raisin; Ally pays 3.20% with a top rated app. Rates, earnings on $10,000 to $50,000, the STACK bonus and which fits you.
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BMW Bank pays more: 4.15% APY (as of Nov 5, 2026, per Raisin) against Ally’s 3.20% APY (accurate as of Nov 2, 2026). On $25,000 that is about $238 more interest in a year, and new Raisin customers can add a cash bonus of up to $1,000 through Nov 30, 2026. Ally wins on everything else: a full online bank with a highly rated app, savings buckets and no need for a middleman. Both have no monthly fees and are FDIC insured. Rates checked Nov 4, 2026.
This is the classic trade: the higher rate or the better bank. Here is how BMW Bank High Yield Savings and Ally Bank Savings compare side by side.
BMW Bank vs Ally at a glance
| BMW Bank High Yield Savings | Ally Bank Savings | |
|---|---|---|
| APY | 4.15% (Nov 5, 2026) | 3.20% (Nov 2, 2026) |
| Minimum to open | $1 | $0 |
| Monthly fee | None | None |
| How you open it | Through Raisin, a savings marketplace | Directly with Ally |
| Withdrawals | Transfers to your linked bank | Transfers; limit of 10 certain withdrawals and transfers per statement cycle |
| App rating | Raisin app: 2.9 App Store, 2.5 Google Play (Nov 3, 2026) | Ally app: 4.7 App Store (Oct 27, 2026) |
| Extras | STACK cash bonus up to $1,000 for new Raisin customers, through Nov 30, 2026 | Savings buckets and boosters such as round ups |
| FDIC certificate | 35141 (BMW Bank of North America) | 57803 (Ally Bank) |
BMW rate from Raisin’s BMW Bank page; Ally rate from Ally’s savings page. Both checked Nov 4, 2026. Rates are variable.
How much more does BMW Bank pay?
| Balance | BMW Bank, 1 year | Ally, 1 year | Difference |
|---|---|---|---|
| $10,000 | $415 | $320 | $95 |
| $25,000 | $1,038 | $800 | $238 |
| $50,000 | $2,075 | $1,600 | $475 |
Interest only, if both APYs stay the same for a year and nothing is withdrawn. The STACK bonus would be extra.
The gap grows with your balance. On $50,000, choosing BMW Bank is worth about $475 a year at today’s rates, before any bonus.
When Ally is the better pick
- You want one bank for savings and everyday money, managed in a top rated app.
- You like organizing savings into buckets for separate goals.
- You would rather not add a marketplace like Raisin between you and the bank.
When BMW Bank is the better pick
- You are parking money you will not touch often and want the higher rate.
- You have $10,000 or more to move now and can use the STACK bonus before Nov 30, 2026.
- You are comfortable managing the account on Raisin’s website.
Is BMW Bank safe compared with Ally?
Both are FDIC insured. Ally Bank is one of the largest online banks in the US. BMW Bank is smaller, about $13.8 billion in assets at June 30, 2026, and is owned by BMW Financial Services NA. Through Raisin, BMW deposits are covered by pass through FDIC insurance up to $250,000 per depositor, per ownership category. More in is BMW Bank legit? and is Ally Bank legit?
Our take
If the rate matters most, BMW Bank pays nearly a full percentage point more. If you value the app and having everything at one bank, Ally is the easier account to live with. Many savers keep spending money at a bank like Ally and park a larger emergency fund at a higher rate. See every option in our best high yield savings accounts.
Frequently asked questions
Does BMW Bank pay more than Ally?
Yes, at our latest check. BMW Bank pays 4.15% APY (as of Nov 5, 2026, per Raisin) and Ally pays 3.20% APY (as of Nov 2, 2026). Both rates are variable.
Is BMW Bank or Ally safer?
Both are FDIC insured up to $250,000 per depositor, per ownership category. BMW Bank deposits opened through Raisin are covered by pass through insurance on a custodial account held for you.
Can I open BMW Bank savings without Raisin?
Raisin says this BMW Bank account is available exclusively through its platform.
Does either account have fees?
Neither charges a monthly fee. BMW Bank needs $1 to open and Ally needs $0.
Which has the better app?
Ally. Its app is rated 4.7 on the App Store. BMW Bank is managed in Raisin’s app, rated 2.9 on the App Store and 2.5 on Google Play when we checked.
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