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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
 Learn MoreLearn More
 

Capital One

Ally Bank

SPECIAL OFFER
Personal Checking Account - $100 Bonus - Learn More

Read Capital One Review

SPECIAL OFFER
Online Savings Account - 0.50% APY - Learn More

Read Ally Bank Review

 

Benefits and Features

Savings
0.40% APY
0.50% APY
CD0.10% to 1.00% APY. Terms of 6 months to 5 years. 12-month CD APY of 0.20%0.15% to 0.80% APY. Terms of 3 months to 5 years. 12-month CD APY of 0.55%
Checking
0.10% APY
  • 0.10% APY under $15,000
  • 0.25% APY $15,000 or more
Money Market 
0.50% APY
Customer Service
Mon-Sun: 8am - 11pm (ET)
24/7
ATMsOver 40,000 no-fee Capital One & Allpoint ATMsOver 43,000 no-fee Allpoint ATMs
IRA CD0.10% to 1.00% APY. Terms of 6 months to 5 years. 12-month CD APY of 0.20%. 
Locations
Online Only
Online Only
 

CreditDonkey® Reviews

 Ally Bank
SavingsStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
CheckingStarStarStarStarStarStarStarStarStarEmpty Star
Money MarketStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarHalf StarStarStarStarStarStar
Mobile AppStarStarStarStarHalf StarStarStarStarStarStar
Pros & ConsPros:
  • 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 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 11/26/2021.

Ally Bank: Pricing information from published website as of 11/27/2021.

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 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 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?





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