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Ally Bank vs Marcus by Goldman Sachs

Ally Bank is a solid online bank with a great user-friendly website and customer service. How does it compare to Marcus? 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 Marcus offers savings accounts, term CDs, and a no-penalty CD. It has no checking or ATM network. Savings account requires just $1 to earn stated APY while CDs have $500 minimum opening deposit. There are no service fees.

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

 Ally Bank
 Learn MoreLearn More
 

Ally Bank

Marcus by Goldman Sachs

SPECIAL OFFER
Online Savings Account - 1.50% APY - Learn More

Read Ally Bank Review

SPECIAL OFFER
Marcus Online Savings - Earn 1.70% APY - Learn More

Read Marcus Review

 

Benefits and Features

Savings
1.50% APY
1.70% APY. $0 to open; $1 to earn stated APY. No fees to open or maintain account. No minimum daily balance requirement.
CD0.50% to 1.75% APY. Terms of 3 months to 5 years. 12-month CD APY of 1.50%0.60% to 1.90% APY. Terms of 6 months to 6 years. 12-month CD APY of 1.85%. $500 minimum to open. No monthly service fee.
Checking0.10% APY under $15,000; 0.50% APY $15,000 or more 
Money Market
0.75% APY
 
Customer Service
24/7
Monday - Friday: 8:00 am - 10:00 pm (ET)
Saturday - Sunday: 9:00 am - 7:00 pm ET
Mobile App 
None
ATMsOver 43,000 no-fee Allpoint ATMs
None
Locations
Online Only
Online Only
 

CreditDonkey® Reviews

 Ally Bank
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • CD options
  • No account minimums
  • Good customer service
Cons:
  • Low Checking APY for lower balance customers
Bottom LineSolid online bank with a great user-friendly website and customer service... Read full review 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 04/03/2020.

Marcus: Information including rates, fees, terms, and benefits was obtained on April 3, 2020 from published websites and is believed to be accurate, but not guaranteed.

Which is Better: Ally Bank or Marcus?

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.


Articles on Ally Bank


Articles on Marcus by Goldman Sachs


Which Do You Think is Best?


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If you're storing your cash in a low-interest account, you're giving away free money. Worse, with fees, you could be losing money. Instead, consider an online bank with high interest and no fees.

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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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