Ally Bank vs Synchrony Bank

	Ally Bank	Synchrony Bank
	SPECIAL OFFER Online Savings Account - 3.30% APY - Learn More Read Ally Bank Review	SPECIAL OFFER High Yield Savings - 3.50% APY - Learn More Read Synchrony Bank Review
	Benefits and Features
Savings	3.30% APY	3.50% APY. No monthly service fee and no minimum deposit. An ATM card is provided for easy withdrawal. Synchrony will refund ATM fees for other banks up to $5 per statement cycle
CD	3.00% to 3.75% APY. Terms of 3 months to 5 years. 12-month CD APY of 3.75%	0.25% to 4.00% APY. Terms of 3 months to 5 years. No minimum deposit to open.
Checking	0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000
Money Market	3.30% APY	2.00% APY. No monthly service fee and no minimum deposit.
Mobile App	iOS & Android	iOS & Android
ATMs	75,000+ no-fee Allpoint and MoneyPass ATMs	Any ATMs with Plus or Accel logos
Customer Service	24/7	Mon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET)
IRA CD		0.25% to 3.80% APY. Terms of 3 months to 5 years. No minimum deposit to open.
IRA Money Market		2.00% APY.
Locations	Online only	Online Only
	CreditDonkey® Reviews
Savings
Money Market
Customer Service
Pros & Cons		Pros: Savings with ATM card High APY All balance tiers receive same rate Cons: No checking account Limited customer service hours
Bottom Line	Read full review	Good online bank offering high interest rates... Read full review
	Online Savings Account - 3.30% APY Money Market - 3.30% APY No Penalty CD	High Yield Savings - 3.50% APY Money Market - 2.00% APY Certificate of Deposit
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 01/17/2026. Synchrony Bank: Pricing information from published website as of 02/10/2026.

Articles on Ally Bank

Ally No Penalty CD

Ally Bank's No Penalty CD offers a competitive APY without early withdrawal penalties. Learn more about this CD here.

Ally Bank Locations

Ally is an excellent online bank with no physical locations. So, how can you access your funds? Read on to find out.

Ally High Yield Savings

Ally Savings offers a strong APY and various savings tools to help you boost your funds. Read on to find out more.

Ally Bank Problems

Ally Bank is well-known for having attractive APYs and practically no fees. But, what's the catch? Read on to know what nuisances you may encounter.

Ally Money Market vs Savings

Ally's Money Market and Savings accounts boast high APYs with no hidden fees. But, how do they differ? Read on to find out.

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 Synchrony Bank

Synchrony Bank

Synchrony offers some of the highest savings and CD rates. But there are downsides. Read this review before you open an account.

Synchrony High Yield Savings

Synchrony's high-yield savings account has a high APY with no fees. But they also have more to offer than just that. Read on to know all the details.

Synchrony Bank CD Rates

Are CD rates good at Synchrony Bank? Find out if you should open a Synchrony CD.

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