Ally Bank vs Synchrony Bank
Ally Bank is a solid online bank with a great user-friendly website and customer service. How does it compare to Synchrony 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 Synchrony Bank offers high interest savings with an ATM card for easy withdrawals. There is no minimum deposit. Their CDs require a $2,000 minimum deposit to open. There are no service fees for any products.
Compare Ally Bank with Synchrony Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Ally Bank | Synchrony Bank | |
---|---|---|
Online Savings Account - 4.25% APY - | High Yield Savings - 4.75% APY - | |
Benefits and Features | ||
Savings | 4.75% 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 4.50% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.50% | 0.25% to 5.15% 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 | 2.25% APY. No monthly service fee and no minimum deposit. | |
Mobile App | ||
ATMs | Over 43,000 no-fee Allpoint ATMs | Any ATMs with Plus or Accel logos |
Customer Service | Mon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET) | |
IRA CD | 0.25% to 5.00% APY. Terms of 3 months to 5 years. No minimum deposit to open. | |
IRA Money Market | 2.25% APY. | |
Locations | ||
CreditDonkey® Reviews | ||
Savings | ||
Checking | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
Pros & Cons | Pros:
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Bottom Line | Solid online bank with a great user-friendly website and customer service... | Good online bank offering high interest rates... |
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 04/11/2024. Synchrony Bank: Pricing information from published website as of 04/11/2024. |
Which is Better: Ally Bank or Synchrony 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: Ally Bank's customer service is outstanding. Synchrony Bank's savings is excellent.