Save money and be informed. CreditDonkey is a bank comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

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, reviews, pros and cons.

 Axos Bank
 Learn MoreVisit Site
 

Ally Bank

Axos Bank

SPECIAL OFFER
Online Savings Account - 3.00% APY - Learn More

Read Ally Bank Review

SPECIAL OFFER
Rewards Checking - Up to 1.25% APY - Learn More

Read Axos Bank Review

 

Benefits and Features

Savings
3.00% APY
0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)
CD1.50% to 4.10% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.00%0.20% APY. Terms of 3 months to 5 years. $1,000 minimum
Checking0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000Rewards Checking: Up to 1.25% APY
Cashback Checking: Up to 1% cashback
Money Market
3.00% APY
0.25% APY
Customer Service
24/7
 
ATMsOver 43,000 no-fee Allpoint ATMs 
Locations
Online Only
 
 

CreditDonkey® Reviews

 Axos 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
Pros:
  • Checking with rewards
  • No monthly fee
  • Domestic ATM rebates
Cons:
  • Low CD rates
  • No physical branches
Bottom LineSolid online bank with a great user-friendly website and customer service... Read full reviewFull-service online bank with excellent cashback and interest checking... 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 11/22/2022.

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

Axos Bank
Member FDIC

Rewards Checking - Up to 1.25% APY

  • Use code HOLIDAY and apply by December 31st to earn a $150 bonus*!
  • Up to 1.25% APY
  • Zero monthly maintenance fees
  • Zero overdraft or NSF fees
  • Zero minimum monthly balance reqs
  • Unlimited domestic ATM fee reimbursements
  • Online debit card management
  • Simple, 3-step process for direct deposit
  • Only $50 to open an account
Axos Bank
Member FDIC

Basic Business Checking

  • New business owners get a $200 welcome bonus!
  • Zero monthly maintenance fees
  • Unlimited Transactions
  • Unlimited domestic ATM fee reimbursements
  • $0 Minimum Opening Deposit requirement
  • 2 Free Domestic Wires, monthly
  • Cash Deposit capability via MoneyPass and AllPoint networks
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.

Is Axos Bank Safe

Is Axos Bank safe and legit? Find out if Axos is a good bank and learn more about its pros, cons, and common complaints.

Which Do You Think is Best?





You Might Also Like

Best Joint Checking Accounts

Best Joint Checking Accounts

Review the best joint checking accounts for any purpose — for business partners, parents and teens, and even crypto enthusiasts — in this in-depth review.
How to Maximize Savings

How to Maximize Savings

Saving is a crucial piece of your financial health. Keep reading to learn 12 of the most effective strategies for maximizing your savings.
Is Discover Savings Worth It
Discover Bank

Is Discover Savings Worth It

Looking for a better place to keep your money safe? Find out if a Discover Online Savings Account is worth it for you.
Chime Alternatives

Chime Alternatives

Chime offers a convenient and rewarding mobile app. But can you earn better rewards and get more account options with one of Chime's top competitors?
4 Types of Checking Accounts

4 Types of Checking Accounts

The right checking account can help you manage your money better. But there are many options. Find out which checking account is best for you.
Banks With Free Checking and No Minimum Balance

Banks With Free Checking and No Minimum Balance

Monthly service fees stink. Take a look at which banks offer totally free checking accounts (even with no opening deposit).
Best Free Checking Accounts

Best Free Checking Accounts

Banking doesn't have to be expensive. Here is a list of good free checking accounts without outrageous fees or high balance requirements.
Best High Yield Savings Accounts

Best High Yield Savings Accounts

Make your money work harder for you in a high-yield savings account. Here are the top savings accounts to grow your money.
Best Online Bank

Best Online Bank

Online banks are convenient, pay higher interest rates, and have less fees. Find out which accounts are best (#1 surprised us).

Next Page:

About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

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.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2022 CreditDonkey Inc. All Rights Reserved.