Citibank vs Ally Bank

Citibank is a large national bank best for high balance customers. How does it compare to Ally Bank? Read our comparison chart below.

Citibank has over 700 branches across the United States. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

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 Citibank with Ally Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Citibank	Ally Bank

	Learn More	Learn More
	OFFER Citi Priority - Earn up to $2,000 Cash Bonus Read Citibank Review	SPECIAL OFFER Online Savings Account - 4.25% APY - Learn More Read Ally Bank Review
	Benefits and Features
Savings	Citi® Accelerate High-Yield Savings available in AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois.	4.25% APY
CD		3.00% to 5.15% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.85%
Checking	Citi Priority	0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000
Money Market		4.40% APY
Customer Service	24/7 Live Customer Service (Telephone)	24/7
Mobile App		iOS & Android
ATMs	More than 70,000 fee-free ATMs at Citi branches and participating retail locations nationwide, including Target, CVS Pharmacy, Rite aid, Walgreens, Duane Reade and ATMs displaying Allpoint or MoneyPass logo.	Over 43,000 no-fee Allpoint ATMs
IRA CD
IRA Money Market
Locations	More than 700 Citibank branches (concentrated in New York, Chicago, Los Angeles, San Francisco, Washington DC and Miami)	Online Only
	CreditDonkey® Reviews

Savings
CD
Checking
Customer Service
Mobile App
Money Market
Pros & Cons	Pros: Perks for high balance customers Many fee-free ATMs Global presence Cons: No free checking option Higher balance requirements Low savings APY	Pros: CD options No account minimums Good customer service Cons: Low Checking APY for lower balance customers
Bottom Line	Large national bank best for high balance customers... Read full review	Solid online bank with a great user-friendly website and customer service... Read full review
	Learn More	Learn More
		Online Savings Account - 4.25% APY Money Market - 4.40% APY Interest Checking
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Citibank: Pricing information from published website as of 09/20/2023. This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi. Ally Bank: Pricing information from published website as of 09/22/2023. Citibank: This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

Citi Priority - Earn up to $2,000 Cash Bonus

Learn More

Expires 1/9/2024

Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day
New to Relationship customers can choose their Relationship Tier.
Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
Bonus will be paid within 30 days after you successfully complete all required activities.
Restrictions apply.

Citi Priority - Earn up to $2,000 Cash Bonus

Learn More

Expires 1/9/2024

Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day. New To Relationship customers can choose their Relationship Tier. Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds. Maintain a minimum balance for 60 consecutive calendar days from the 21st day. If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes. Bonus will be paid within 30 days after you successfully complete all required activities. Restrictions apply.

Balance Levels	Maximum Bonus
$10,000 - $29,999	$200
$30,000 - $74,999	$500
$75,000 - $199,999	$1,000
$200,000 - $299,999	$1,500
$300,000 and above	$2,000

Citigold® - Earn up to $2,000 Bonus

Learn More

Expires 1/9/2024

Earn up to $2,000 when you open a new eligible Citi checking account and enroll in the offer the same day.
New to Relationship customers can choose their Relationship Tier.
Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
If your balance falls to a lower Balance Level at any point during the maintenance period, the bonus changes.
Bonus will be paid within 30 days after you successfully complete all required activities.
Restrictions apply

Which is Better: Citibank 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 Citibank or Chase.

In short: Ally Bank's savings, checking, and customer service are worth mentioning. In particular, the customer service is outstanding.

Articles on Citibank

Citibank

Citibank, a CreditDonkey partner, offers banking services and credit cards. But service fees and balance requirements are on the high side. Is it the right bank for you?

Citibank Open Account

Opening a Citi bank account is easy. Take a look at what you'll need, plus find out how to earn a bonus

Citi Priority

Earn up to $2,000 for opening a Citi Priority with required activities. Find out how to take advantage of the huge bonus.

Citibank Accelerate Savings

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.

Citibank Routing Number

Looking to transfer money in or out of your Citibank checking or savings account? Find your Citibank routing number and learn about money transfers below.

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.

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.