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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
 Learn MoreVisit Site
 

Ally Bank

Axos Bank

SPECIAL OFFER
Online Savings Account - 0.50% APY - Learn More

Read Ally Bank Review

SPECIAL OFFER
Rewards Checking - Up to 1.00% APY - Learn More

Read Axos Bank Review

 

Benefits and Features

Savings
0.50% APY
<$25K 0.61% APY; $25K-$100K - 0.25% APY; >$100K - 0.15% APY. No minimum opening deposit. No monthly maintenance fee. Daily Compounding Interest.
CD0.15% to 0.80% APY. Terms of 3 months to 5 years. 12-month CD APY of 0.55%0.20% APY. Terms of 3 months to 60 months. No maintenance fee. Minimum deposit of $1,000.
Checking
  • 0.10% APY under $15,000
  • 0.25% APY $15,000 or more
Rewards Checking: Earn up to 1.00% APY
Money Market
0.50% APY
0.25% 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
SavingsStarStarStarStarEmpty StarStarStarStarStarHalf Star
CheckingStarStarStarStarEmpty StarStarStarStarStarStar
Money MarketStarStarStarStarEmpty StarStarStarStarStarHalf Star
Customer ServiceStarStarStarStarStar
Mobile AppStarStarStarStarStarStarStarStarStarHalf Star
CDStarStarStarEmpty StarEmpty Star
ATMsStarStarStarStarHalf Star
LocationsStarStarEmpty StarEmpty StarEmpty Star
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
 Learn MoreVisit Site

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 11/27/2021.

Axos Bank: Pricing information from published website as of 07/01/2020.

Axos Bank
Member FDIC

Rewards Checking - Up to 1.00% APY

  • Up to 1.00% APY
  • Unlimited domestic ATM fee reimbursements
  • Zero monthly maintenance fees
  • Zero overdraft or NSF fees
  • Online debit card management
  • Bank, borrow and invest in a single app
  • Only $50 to open an account
Axos Bank
Member FDIC

High Yield Savings

  • 0.61% APY on balance < $25,000
  • 0.25% APY on balance $25K-$100K
  • 0.15% APY on balance > $100K
  • No monthly maintenance fees
  • No minimum balance requirements
  • $250 minimum opening deposit
  • Free Incoming Wires
  • Zero minimum balance requirement
Axos Bank
Member FDIC

Essential Checking

  • Unlimited domestic ATM reimbursements
  • No monthly maintenance fees
  • No annual fee
  • No overdraft or non-sufficient funds fee

Which is Better: Ally Bank or Axos Bank?

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

In short: Axos Bank's checking is excellent.


Articles on Ally Bank

Ally Bank Review

Ally Bank offers good interest rates and no account minimums. But is this popular online bank good for you? Learn the benefits (and drawbacks) here.

Ally Bank Routing Number

Looking to transfer money in or out of your Ally account? You'll need the right routing number. Find your Ally routing number and learn more about money transfers in our guide.

Articles on Axos Bank

Axos Bank Review

Axos Bank offers full-service banking completely online with no fees. Find out below whether they can replace your traditional bank account.

Which Do You Think is Best?





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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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