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Digit vs Ally Invest

Digit is a good savings app that analyzes your finances and automatically saves money. How does it compare to Ally Invest? Read our comparison chart below.

Digit analyzes your income and spending patterns and automatically withdraws affordable amounts into your savings account. It makes saving mindless so it's great if you have trouble saving. The fee is $5/mo (first 30 days free). There is no minimum balance requirement.

While Ally Invest (formerly TradeKing) offers stock trades at $0 per trade and options trading at $0 + $0.50 per contract. There is no minimum deposit.

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

 Digit
 Visit SiteLearn More
 

Digit

Ally Invest

SPECIAL OFFER
30 Days for Free - Learn More

Read Digit Review

SPECIAL OFFER
Commission-Free Stock Trades - Learn More

Read Ally Invest Review

 

Benefits and Features

Savings
Yes
 
Stock Trading 
$0 per trade
Options Trading 
$0 base + $0.50 per contract
Annual Fee
30 days free; then $5/month
 
Minimum Deposit
$0
$0
Checking
No
 
Mutual Fund Trading 
  • $0 to buy/sell load mutual funds
  • $0 to buy/sell no load mutual funds
Commission Free ETFs 
500+
Phone Support
No
 
Live Chat Support
No
 
Email Support
Yes
 
Penny Stocks $0.01 per share on the entire order for stocks priced less than $2.00.
Goal Tracker
Yes
 
Automatic Deposits
Yes
 
Broker Assisted Trades 
$20 + Regular Commission
Online Platform
Yes
 
iPhone App
Yes
 
Android App
Yes
 
Banking Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App
Yes
Check
Forex Trading 
Check
Customer Service 
(855) 880-2559
Taxable Accounts
No
 
401k Plans
No
 
IRA Accounts
No
 
Roth IRA Accounts
No
 
SEP IRA Accounts
No
 
Trust Accounts
No
 
529 Plans
No
 
 

CreditDonkey® Reviews

 Digit
Annual FeeStarStarEmpty StarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty Star
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarStar
Mutual Fund TradingStarStarStarStarStar
BankingStarStarStarStarHalf Star
Mobile AppStarStarStarHalf StarEmpty Star
Commissions and FeesStarStarStarStarStar
Ease of UseStarStarStarStarEmpty Star
Online CommunityStarStarStarStarStar
ResearchStarStarStarHalf StarEmpty Star
Trading PlatformStarStarStarStarEmpty Star
Pros & ConsPros:
  • No minimum balance
  • Save without thinking
  • 1% annual savings bonus
Cons:
  • High monthly fee
  • No phone support
  • Not for long term savings
Pros:
  • Low commission for stock trades
  • No account minimums
  • Ally platform
Cons:
  • No physical locations
Bottom LineGood savings app that analyzes your finances and automatically saves money... Read full reviewGood low-price discount stock broker for savvy investors... Read full review
 Visit SiteLearn More

30 Days for Free

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Digit: Pricing information from published website as of 07/02/2018

Ally Invest: Pricing information from published website as of 04/01/2021.

Which is Better: Digit or Ally Invest?

Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Digit or Robinhood.


Articles on Digit

Digit

Digit automatically builds a savings fund for you by withdrawing small, affordable amounts. But it's not perfect. Is it worth the fee? Let's find out.

Articles on Ally Invest

Ally Invest Reviews

Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers.

Is Ally Invest Good For Beginners

Ally Invest is a popular fee-free online brokerage. Is it good for beginners? Read on.

Ally Invest Roth IRA

Ally Invest's Roth IRA account has no annual fee and no commission trades. Is it right for your retirement funds? Read on to learn how Ally Invest Roth IRA accounts work.

Ally Invest Login

Ally Invest offers good customer service and online login access. The best way to connect with Ally Invest customer service may surprise you. Read on.

Which Do You Think is Best?





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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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