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 360 Checking Account - Learn More Read Capital One Review	SPECIAL OFFER Online Savings Account - 4.00% APY - Learn More Read Ally Bank Review
	Benefits and Features
Savings	4.00% APY	4.00% APY
CD	3.90% to 4.75% APY. Terms of 6 months to 5 years. 12-month CD APY of 4.75%	2.50% to 5.00% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.50%
Checking	0.10% APY	0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000
Money Market		4.15% APY
Customer Service	Mon-Sun: 8am - 11pm (ET)	24/7
Mobile App		iOS & Android
ATMs	Over 70,000 no-fee Capital One & Allpoint ATMs	Over 43,000 no-fee Allpoint ATMs
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 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
	360 Checking Account 360 Performance Savings - 4.00% APY Basic Business Checking	Online Savings Account - 4.00% APY Interest Checking Money Market - 4.15% APY
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 6/04/2023. Ally Bank: Pricing information from published website as of 6/7/2023.

Which is Better: Capital One 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 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.

• Capital One vs Chase
• Capital One vs Citibank
• Capital One vs Discover Bank

Capital One Money Teen Checking Account Review

Is Capital One a good bank for your teenager? Here are the pros, cons, and fees of a Capital One Money Teen Checking account.

• Capital One vs TD Bank

Capital One Bank Hours

Capital One Bank is open 6 days a week. Take a look at their operating hours.

Capital One Routing Number

What is the routing number for Capital One? Find the right one for your account with our guide.

Articles on Ally Bank

Ally Bank

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.

• Ally Bank vs CIT Bank
• Ally Bank vs Axos Bank

Ally Bank CD Rates

Ally Bank CD accounts offer high APYs and require no minimum deposit. But what is the catch? Learn more about Ally CD rates in this review.

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.

Which Do You Think is Best?

You Might Also Like

Best Joint Checking Accounts

Review the best joint checking accounts for any purpose — for business partners, parents and teens, and even crypto enthusiasts — in this in-depth review.

Best Banks in Texas

Looking for the right bank in Texas? Don't miss this helpful guide to the best banks in the Lone Star State. Read on to see which is right for you.

Chime Alternatives

Chime offers a convenient and rewarding mobile app. But can you earn better rewards and get more account options with one of Chime's top competitors?

Citi Accelerate High-Yield Savings Account Review

Citi now offers high-yield savings with one of the best interest rate. But it's only available in select markets. Read this review to see if it's good for you.

Best National Bank

There are over 5,000 FDIC-insured banks in America. How do you choose a good national bank to keep your money safe?

Best Student Checking Accounts

A student checking account allows you to manage your money with fewer fees and requirements. Find the best student checking accounts offered by the top banks.

Banks With Free Checking and No Minimum Balance

Monthly service fees stink. Take a look at which banks offer totally free checking accounts (even with no opening deposit).

How to Open a Checking Account

Opening a checking account is simple once you've done your research. Find out what you need to know below.

Free Online Checking Account

Say goodbye to service fees. Many online banks offer free checking with no minimum balance requirements. Read on for the best free online checking accounts.

Best Free Checking Accounts

Banking can be affordable. This article shares good free checking accounts that don't charge crazy fees or ask for lots of money in the account.