Capital One vs Ally Bank

Capital One is a good online bank with access to in-person support. How does it compare to Ally Bank? Read our comparison chart below.

Capital One offers competitive rates on their savings account. Their interest checking has several overdraft options in cases of accidental overdraw. There are no minimum deposits or 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 Capital One with Ally Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Capital One	Ally Bank
	SPECIAL OFFER Current Promotion - Learn More Read Capital One Review	SPECIAL OFFER Online Savings Account - 1.00% APY - Learn More Read Ally Bank Review
	Benefits and Features
Savings	0.08% APY	1.00% APY
CD	0.25% to 1.00% APY. Terms of 6 months to 5 years. 12-month CD APY of 0.50%	0.35% to 1.10% APY. Terms of 3 months to 5 years. 12-month CD APY of 1.00%
Checking	0.10% APY	0.10% APY under $15,000; 0.50% APY $15,000 or more
Money Market		0.50% APY
Customer Service	Mon-Sun: 8am - 11pm (ET)	24/7
ATMs	Over 40,000 no-fee Capital One & Allpoint ATMs	Over 43,000 no-fee Allpoint ATMs
IRA CD	0.25% to 1.00% APY. Terms of 6 months to 5 years. 12-month CD APY of 0.50%.
Locations	Online Only	Online Only
	CreditDonkey® Reviews
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & Cons	Pros: Overdraft protection options No account minimums 27 Capital One cafes for in-person support Cons: Lower savings APY compared to other online banks	Pros: CD options No account minimums Good customer service Cons: Low Checking APY for lower balance customers
Bottom Line	Good online bank with access to in-person support... Read full review	Solid online bank with a great user-friendly website and customer service... Read full review
	Current Promotion Online CDs Refer a Friend Program - $20 for Each Referral	Online Savings Account - 1.00% APY Interest Checking Money Market
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Capital One: Pricing information from published website as of 08/05/2020. Ally Bank: Pricing information from published website as of 08/05/2020.

Which is Better: Capital One or Ally Bank?

Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing Capital One or Chase.

In short: Capital One's checking is outstanding.

Articles on Capital One

Capital One 360 Review
Capital One 360 checking and savings accounts are free to open and offer higher-than-average APY rates. Does this popular web bank live up to its claims? Find out if it's right for you.
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What is the routing number for Capital One? Find the right one for your account with our guide.
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Articles on Ally Bank

Is Ally Bank Safe
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.
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Ally 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.
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Which Do You Think is Best?

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