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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.

 Ally Bank
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Capital One

Ally Bank

SPECIAL OFFER
Capital One 360 Checking - $25 Offer - Learn More

Read Capital One Review

SPECIAL OFFER
Online Savings Account - Learn More

Read Ally Bank Review

 

Benefits and Features

Savings1% APY. No monthly service fee and no minimum deposit.1.90% APY. No monthly service fee and no minimum deposit.
CD0.60% to 2.30% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.30%. No deposit to open.0.75% to 2.50% APY. Terms of 3 months to 5 years. 12-month CD APY of 2.35%. No minimum deposit to open.
Checking0.20% APY under $50,000; 0.75% APY $50,000 or more; 1.00% APY $100,000 or more. No monthly service fee and no minimum deposit. Overdraft options prevent you from being charged when you accidentally overdraw0.10% APY under $15,000; 0.60% APY $15,000 or more. No monthly service fee and no minimum deposit. Ally will refund ATM fees for other banks up to $10 per statement cycle.
Money Market0.85% APY up to $9,999.99; 2.00% APY $10,000 or more. No monthly service fee and no minimum deposit.0.90% APY under $25,000; 1.00% APY $25,000 or more. No monthly service fee and no minimum deposit.
Customer Service
Mon-Sun: 8am - 11pm (ET)
24/7
ATMsOver 39,000 no-fee Capital One & Allpoint ATMsOver 43,000 no-fee Allpoint ATMs
IRA CD0.60% to 2.30% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.30%. 
Locations
Online Only
Online Only
 

CreditDonkey® Reviews

 Ally Bank
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • 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
  • 24/7 customer service
Cons:
  • Low Checking APY for lower balance customers
Bottom LineGood online bank with access to in-person support... Read full reviewSolid online bank with a great user-friendly website and customer service... Read full review

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 9/16/2019.

Ally Bank: Pricing information from published website as of 9/14/2019.

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


Articles on Ally Bank

    Ally Bank Review

    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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