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Ally Bank vs Capital One

Ally Bank is a solid online bank with a great user-friendly website and customer service. How does it compare to Capital One? Read our comparison chart below.

Ally Bank offers high interest on their Savings account. It also offers interest checking and multiple CD options, including No Penalty and Raise Your Rate CDs. There is no minimum deposits or service fees for any of their banking products.

While Capital One offers competitive rates on their savings account. Their interest checking has several overdraft options in cases of accidental overdraw. There are no minimum deposits or service fees.

Compare Ally Bank with Capital One, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 

Ally Bank

Capital One

SPECIAL OFFER
Online Savings Account - Learn More

Read Ally Bank Review

SPECIAL OFFER
Current Promotion - Learn More

Read Capital One Review

 

Benefits and Features

Savings1.70% APY. No monthly service fee and no minimum deposit.1.70% APY. No monthly service fee and no minimum deposit.
CD0.75% to 2.15% APY. Terms of 3 months to 5 years. 12-month CD APY of 2.00%. No minimum deposit to open.0.60% to 2.00% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.00%. No deposit to open.
Checking0.10% APY under $15,000; 0.50% APY $15,000 or more. No monthly service fee and no minimum deposit. Ally will refund ATM fees for other banks up to $10 per statement cycle.0.20% APY. No monthly service fee and no minimum deposit. Overdraft options prevent you from being charged when you accidentally overdraw
Money Market0.75% APY. No monthly service fee and no minimum deposit. 
Customer Service
24/7
Mon-Sun: 8am - 11pm (ET)
ATMsOver 43,000 no-fee Allpoint ATMsOver 39,000 no-fee Capital One & Allpoint ATMs
IRA CD 0.60% to 2.00% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.00%.
Locations
Online Only
Online Only
 

CreditDonkey® Reviews

Savings
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • CD options
  • No account minimums
  • 24/7 customer service
Cons:
  • Low Checking APY for lower balance customers
Pros:
  • Overdraft protection options
  • No account minimums
  • 27 Capital One cafes for in-person support
Cons:
  • Lower savings APY compared to other online banks
Bottom LineSolid online bank with a great user-friendly website and customer service... Read full reviewGood online bank with access to in-person support... Read full review

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Ally Bank: Pricing information from published website as of 12/14/2019.

Capital One: Pricing information from published website as of 12/13/2019.

Which is Better: Ally Bank or Capital One?

Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing Ally Bank or Chase.

In short: Capital One's checking is outstanding.


Articles on Ally Bank


Articles on Capital One


Which Do You Think is Best?


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