Ally Bank vs Capital One

Ally Bank is a solid online bank with a great user-friendly website and customer service. How does it compare to Capital One? 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 Capital One offers competitive rates on their savings account. Their interest checking has several overdraft options in cases of accidental overdraw. There are no minimum deposits or service fees.

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

	Ally Bank	Capital One
	SPECIAL OFFER Online Savings Account - 3.85% APY - Learn More Read Ally Bank Review	SPECIAL OFFER 360 Checking Account - Learn More Read Capital One Review
	Benefits and Features
Savings	3.85% APY	3.75% APY
CD	2.50% to 4.80% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.50%	3.30% to 4.30% APY. Terms of 6 months to 5 years. 12-month CD APY of 4.15%
Checking	0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000	0.10% APY
Money Market	4.15% APY
Customer Service	24/7	Mon-Sun: 8am - 11pm (ET)
Mobile App	iOS & Android
ATMs	Over 43,000 no-fee Allpoint ATMs	Over 70,000 no-fee Capital One & Allpoint ATMs
Locations	Online Only	Online Only
	CreditDonkey® Reviews
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & Cons	Pros: CD options No account minimums Good customer service Cons: Low Checking APY for lower balance customers	Pros: Overdraft protection options No account minimums 27 cafes for in-person support Cons: Lower savings APY compared to other online banks
Bottom Line	Solid online bank with a great user-friendly website and customer service... Read full review	Good online bank with access to in-person support... Read full review
	Online Savings Account - 3.85% APY Interest Checking Money Market - 4.15% APY	360 Checking Account 360 Performance Savings - 3.75% APY Basic Business Checking
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 5/24/2023. Capital One: Pricing information from published website as of 5/9/2023.

Which is Better: Ally Bank or Capital One?

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: Capital One's checking is outstanding.

Articles on Ally Bank

Ally Bank

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.

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Ally Bank CD Rates

Ally Bank CD accounts offer high APYs and require no minimum deposit. But what is the catch? Learn more about Ally CD rates in this review.

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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 Capital One

Capital One 360 Review

Capital One 360 checking and savings accounts are free to open and offer higher-than-average APY rates. Does this popular web bank live up to its claims? Find out if it's right for you.

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Capital One Money Teen Checking Account Review

Is Capital One a good bank for your teenager? Here are the pros, cons, and fees of a Capital One Money Teen Checking account.

Capital One Bank Hours

Capital One Bank is open 6 days a week. Take a look at their operating hours.

Capital One Routing Number

What is the routing number for Capital One? Find the right one for your account with our guide.

Which Do You Think is Best?

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