TD Bank vs Ally Invest

TD Bank is an east Coast bank with relatively low minimum balance requirements. How does it compare to Ally Invest? Read our comparison chart below.

TD Bank has over 1,100 locations on the East Coast. Known as "America's most convenient bank," it offers extended banking hours and 24/7 customer service by phone. Monthly service fees can be waived with somewhat low minimum balance requirements.

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

	TD Bank	Ally Invest
	SPECIAL OFFER TD $300 Beyond Checking Bonus - Learn More Read TD Bank Review	SPECIAL OFFER Commission-Free Stock Trades - Learn More Read Ally Invest Review
	Benefits and Features
Savings	0.02% APY. No minimum deposit. $5.00 monthly fee waived if 1) minimum $300 balance or 2) waived for the first 12 months if with recurring transfer of $25 or more from a TD Bank account or if you're under 18 or 62 and older.
Stock Trading		$0 per trade
Options Trading		$0 base + $0.50 per contract
CD	1.00% APY (up to 5.00% for Bump Rate APY). Terms of 3 months to 5 years. Minimum deposit of $250. Allows one penalty-free withdrawal (depending on account).
Checking	TD Simple Checking℠, TD Complete Checking, TD Beyond Checking
Mutual Fund Trading		$0 to buy/sell load mutual funds $0 to buy/sell no load mutual funds
Banking		Integrated with banking on ally.com. Manage your Ally banking and investment accounts in one place.
Mobile App
Forex Trading
Customer Service	24/7 Live Customer Service (Telephone)	(855) 880-2559
	CreditDonkey® Reviews
Savings
CD
Checking
Money Market
Mobile App
Customer Service
Stock Trading
Options Trading
Mutual Fund Trading
Banking
Commissions and Fees
Ease of Use
Online Community
Research
Trading Platform
Pros & Cons	Pros: Extended banking hours Low requirements to waive monthly fees No foreign transaction fees Cons: No free checking Low APY Only on East Coast	Pros: Low commission for stock trades No account minimums Ally platform Cons: No physical locations
Bottom Line	East Coast bank with relatively low minimum balance requirements... Read full review	Good low-price discount stock broker for savvy investors... Read full review
	TD $300 Beyond Checking Bonus TD $200 Complete Checking Bonus Referral Program - Up to $500 Bonus	Commission-Free Stock Trades Open an Ally Invest account Automated Investing to Help Save Your Time
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. TD Bank: Pricing information from published website as of 03/15/2024 based on 08034 zip code. Ally Invest: Pricing information from published website as of 04/01/2021.

Which is Better: TD Bank or Ally Invest?

In short: TD Bank's mobile app is worth mentioning.

Articles on TD Bank

TD Bank Review

TD Bank offers extended customer hours and easy online banking. Are these perks worth it? Find out what makes TD Bank a great choice for you and some reasons to look elsewhere.