Ally Bank vs Marcus by Goldman Sachs

Ally Bank is a solid online bank with a great user-friendly website and customer service. How does it compare to Marcus? 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 Marcus offers savings accounts, term CDs, and a no-penalty CD. It has no checking or ATM network. Savings account requires just $1 to earn stated APY while CDs have $500 minimum opening deposit. There are no service fees.

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

	Ally Bank	Marcus by Goldman Sachs
	SPECIAL OFFER Online Savings Account - 1.00% APY - Learn More Read Ally Bank Review	SPECIAL OFFER Marcus Online Savings - Earn 1.05% APY - Learn More Read Marcus Review
	Benefits and Features
Savings	1.00% APY	1.05% APY. $0 to open; $1 to earn stated APY. No fees to open or maintain account. No minimum daily balance requirement.
CD	0.50% to 1.15% APY. Terms of 3 months to 5 years. 12-month CD APY of 1.00%	0.60% to 1.15% APY. Terms of 6 months to 6 years. 12-month CD APY of 1.10%. $500 minimum to open. No monthly service fee.
Checking	0.10% APY under $15,000; 0.50% APY $15,000 or more
Money Market	0.50% APY
Customer Service	24/7	Monday - Saturday: 8:00 am - 10:00 pm (ET) Saturday - Sunday: 9:00 am - 7:00 pm ET
Mobile App		None
ATMs	Over 43,000 no-fee Allpoint ATMs	None
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
Bottom Line	Solid online bank with a great user-friendly website and customer service... Read full review	Read full review
	Online Savings Account - 1.00% APY Interest Checking Money Market	Marcus Online Savings - Earn 1.05% APY 12-month High-Yield CD - Earn 1.10% 13-month No-Penalty CD - Earn 0.80%
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 07/15/2020. Marcus: Information including rates, fees, terms, and benefits was obtained on July 15, 2020 from published websites and is believed to be accurate, but not guaranteed.

Which is Better: Ally Bank or Marcus?

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.

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 vs Discover Bank
• Ally Bank vs CIT Bank
• Ally Bank vs Capital One
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.
• Ally Bank vs Wealthfront
• Ally Bank vs Bank of America
• Ally Bank vs Chase

Articles on Marcus by Goldman Sachs

GS Bank Review
Marcus by Goldman Sachs offers savings accounts and CDs at high interest rates. But don't expect accounts with a lot of bells and whistles. Read on for the pros and cons.
• Marcus vs Synchrony Bank

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