14Īutomatic savings tools like Round Ups and Save When I Get PaidĪutomatic savings tools like Round Ups, Savings Buckets and Surprise Savings Ally also offers a budgeting tool called Savings Buckets, which lets you organize your savings account into different categories (sort of like a digital envelope method). These include Round Ups, which round up purchases to the nearest dollar and transfer them to your savings account, and Surprise Savings, which monitors your checking account for extra funds and automatically transfers them to your savings account. 14Īlly offers built-in savings tools that function similarly to Chime. 14 There are also no minimum balance requirements, monthly maintenance fees, or overdraft fees. 19 You must open a Chime checking account to be eligible for a savings account.Īlly’s savings account currently offers a higher interest rate (4.00%) than Chime’s. 18 Save When I Get Paid lets you automatically save a portion of each paycheck. 17 It also offers built-in savings tools like the Round Ups feature, which automatically rounds up debit card purchases to the nearest dollar and transfers the difference to your savings account. Start saving to earn 2.00% Annual Percentage Yield (APY) on your deposits. Both Chime and Ally offer low-cost savings accounts with competitive interest rates, and automatic savings tools, but there are a few differences to consider.Ĭhime offers a high-yield savings account with no minimum balance requirements or fees.

Chime direct deposit time