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 | |
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Online Savings Account - 4.25% APY - | Marcus Online Savings - Earn 4.40% APY - | |
Benefits and Features | ||
Savings | 4.40% APY. $0 to open; $1 to earn stated APY. No fees to open or maintain account. No minimum daily balance requirement. | |
CD | 3.00% to 5.15% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.85% | 3.70% to 5.10% APY. Terms of 6 months to 6 years. 12-month CD APY of 5.10%. $500 minimum to open. No monthly service fee. |
Checking | 0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000 | |
Money Market | ||
Customer Service | Mon - Sat: 8 am - 10 pm ET Sat - Sun: 9 am - 7 pm ET | |
Mobile App | ||
ATMs | Over 43,000 no-fee Allpoint ATMs | |
Locations | ||
CreditDonkey® Reviews | ||
Savings | ![]() ![]() ![]() ![]() ![]() | |
Checking | ![]() ![]() ![]() ![]() ![]() | |
Money Market | ![]() ![]() ![]() ![]() ![]() | |
Customer Service | ![]() ![]() ![]() ![]() ![]() | |
Mobile App | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Solid online bank with a great user-friendly website and customer service... | |
Ally Bank: Pricing information from published website as of 09/22/2023. Marcus: Information including rates, fees, terms, and benefits was obtained on September 22, 2023 from published websites and is believed to be accurate, but not guaranteed. |
Which is Better: Ally Bank or Marcus?
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