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Ally Bank vs Axos Bank

Ally Bank is a solid online bank with a great user-friendly website and customer service. How does it compare to Axos Bank? 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 Axos Bank offers a range of checking and savings products. Checking options includes a up-to 1% cashback account and rewards checking account with a higher interest rate. Savings options include savings accounts and CDs with higher-than-average rates. All accounts have no monthly service fees.

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

 Ally BankAxos Bank
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Ally Bank

Axos Bank

SPECIAL OFFER
Online Savings Account - Learn More

Read Ally Bank Review

SPECIAL OFFER
Rewards Checking - Learn More

Read Axos Bank Review

 

Benefits and Features

Savings1.70% APY. No monthly service fee and no minimum deposit.1.30% APY. No minimum opening deposit. No monthly maintenance fee. Daily Compounding Interest.
CD0.75% to 2.25% APY. Terms of 3 months to 5 years. 12-month CD APY of 2.00%. No minimum deposit to open.0.55% - 2.25% APY. Terms of 3 months to 60 months. No maintenance fee. Minimum deposit of $1,000.
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.Earn up to 1.25% APY if you meet 2 out of 3 conditions. 1. Monthly direct deposits totaling $1,000 or more 2. Use your Axos Visa® Debit Card for a total of 10 transactions per month (min $3 per transaction). 3. Use your Axos Visa® Debit Card 5 more times, a total of 15 transactions per month (min $3 per transaction).
Money Market0.75% APY. No monthly service fee and no minimum deposit.1.05% APY. No minimum balance requirements. No fees to open or maintain account.
Customer Service
24/7
 
ATMsOver 43,000 no-fee Allpoint ATMs 
Locations
Online Only
 
 

CreditDonkey® Reviews

 Ally BankAxos Bank
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
Bottom LineSolid online bank with a great user-friendly website and customer service... Read full review Read full review
 Learn MoreVisit Site
What Others View

    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 11/17/2019.

    Axos Bank: Pricing information from published website as of 07/18/2019.

    Which is Better: Ally Bank or Axos Bank?

    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.


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