Axos Bank vs Ally Bank
Axos Bank is a full-service online bank with excellent cashback and interest checking. How does it compare to Ally Bank? Read our comparison chart below.
Axos Bank offers a range of checking and savings products. Checking options includes a up-to 1% cashback account and rewards checking account with a higher interest rate. Savings options include savings accounts and CDs with higher-than-average rates. All accounts have no monthly service fees.
While 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.
Compare Axos Bank with Ally Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Visit Site | Learn More | |
Axos Bank | Ally Bank | |
---|---|---|
Rewards Checking - Up to 3.30% APY - | Online Savings Account - 4.20% APY - | |
Benefits and Features | ||
Savings | 0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over) | |
CD | 0.20% APY. Terms of 3 months to 5 years. $1,000 minimum | 3.00% to 4.50% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.50% |
Checking | Rewards Checking: Up to 3.30% APY Cashback Checking: Up to 1% cashback | 0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000 |
Money Market | ||
Mobile App | ||
ATMs | Approximately 91,000 partner ATMs | Over 43,000 no-fee Allpoint ATMs |
Customer Service | ||
Locations | ||
CreditDonkey® Reviews | ||
Savings | ||
CD | ||
Checking | ||
Money Market | ||
Mobile App | ||
ATMs | ||
Locations | ||
Customer Service | ||
Pros & Cons | Pros:
| Pros:
|
Bottom Line | Full-service online bank with excellent cashback and interest checking... | Solid online bank with a great user-friendly website and customer service... |
Visit Site | Learn More | |
Axos Bank: Pricing information from published website as of 04/10/2024. Ally Bank: Pricing information from published website as of 04/20/2024. |
Rewards Checking - Up to 3.30% APY
- Use promo code AXOS300 and apply by June 30th, to earn up to a $300 bonus!
- Up to 3.30% APY
- Zero monthly maintenance fees
- Zero overdraft or NSF fees
- Zero minimum monthly balance reqs
- Unlimited domestic ATM fee reimbursements
- Online debit card management
- Simple, 3-step process for direct deposit
- Only $50 to open an account
Basic Business Checking - Up to $400 Bonus
- Business owners get up to $400 welcome bonus!*
- Open a business checking account by June 30 and get up to $400 when you use promo code NEW400 on your application and maintain a minimum average daily balance of $50,000.*
- Zero opening deposit and cash deposits accepted
- Zero minimum monthly balance requirements
- Two domestic wire reimbursements monthly
- Unlimited domestic ATM fee reimbursements
- Enhanced Visa benefits and first 50 checks free
- Dedicated relationship manager and more
CashBack Checking - Earn up to 1.00% Cash Back
- Earn up to 1.00% cash back on signature-based purchases
- Unlimited domestic ATM fee reimbursement
- No monthly maintenance fee
- $50 minimum balance required to open account
Which is Better: Axos Bank or Ally Bank?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Axos Bank or Chase.
In short: Axos Bank's checking is excellent.