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 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
Savings	1% APY. No monthly service fee and no minimum deposit.	1.90% APY. No monthly service fee and no minimum deposit.
CD	0.60% 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.
Checking	0.20% 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 overdraw	0.10% 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 Market	0.85% 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
ATMs	Over 39,000 no-fee Capital One & Allpoint ATMs	Over 43,000 no-fee Allpoint ATMs
IRA CD	0.60% 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
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 24/7 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
	Capital One 360 Checking - $25 Offer Capital One 360 Savings - $25 Offer Capital One 360 Money Market - $25	Online Savings Account 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 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

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

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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