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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, reviews, pros and cons.

 Axos Bank
 Learn MoreVisit Site
 

Ally Bank

Axos Bank

SPECIAL OFFER
Online Savings Account - 3.75% APY - Learn More

Read Ally Bank Review

SPECIAL OFFER
Rewards Checking - Up to 3.30% APY - Learn More

Read Axos Bank Review

 

Benefits and Features

Savings
3.75% APY
0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)
CD2.00% to 5.00% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.50%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 3.30% APY
Cashback Checking: Up to 1% cashback
Money Market
4.00% 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 03/18/2023.

Axos Bank: Pricing information from published website as of 02/21/2023.

Axos Bank
Member FDIC

Rewards Checking - Up to 3.30% APY

  • Use the promo code RC100 when you apply for a Rewards Checking account by 4/12/2023. Then have qualifying direct deposit(s) to earn a $100 welcome bonus!
  • Up to 3.30% 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 - $200 Bonus

  • 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?





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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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