TIAA Bank vs Ally Bank

TIAA Bank is an online bank offering high rates if you have a large deposit. How does it compare to Ally Bank? Read our comparison chart below.

TIAA Bank promises to deliver a yield in the top 5% of competitive accounts for their Yield Pledge accounts. Checking requires a minimum of $100. Money Market Account requires a minimum opening deposit of $500. High APY. All accounts have no monthly 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 TIAA Bank with Ally Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	TIAA Bank	Ally Bank
	SPECIAL OFFER Yield Pledge Checking - Learn More Read TIAA Bank Review	SPECIAL OFFER Online Savings Account - 3.75% APY - Learn More Read Ally Bank Review
	Benefits and Features
Savings		3.75% APY
CD	Basic CD: 3.80% - 4.65% APY. Terms of 3 months to 5 years. Minimum deposit of $1,000. No monthly service fee.	2.00% to 5.00% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.50%
Checking	Yield Pledge Checking: Up to 0.25% APY. Minimum deposit of $100. No monthly service fee.	0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000
Money Market	Up to 3.55% APY. No monthly service fee. Minimum deposit of $500.	4.00% APY
Customer Service		24/7
ATMs		Over 43,000 no-fee Allpoint ATMs
Locations		Online Only
	CreditDonkey® Reviews
Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & Cons	Pros: High APY No monthly service fees Refund ATM fees Cons: Large minimum deposit	Pros: CD options No account minimums Good customer service Cons: Low Checking APY for lower balance customers
Bottom Line	Online bank offering high rates if you have a large deposit... Read full review	Solid online bank with a great user-friendly website and customer service... Read full review
	Yield Pledge Checking Yield Pledge Money Market Bump Rate CD	Online Savings Account - 3.75% APY Interest Checking Money Market - 4.00% APY
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. TIAA Bank: Pricing information from published website as of 03/17/2023. Ally Bank: Pricing information from published website as of 03/18/2023.

Which is Better: TIAA Bank 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 TIAA Bank or Chase.

In short: Ally Bank's mobile app is outstanding.

Articles on TIAA Bank

TIAA Bank Review

If you have a large opening deposit, TIAA Bank provides a variety of options at high rates. But there are downsides. Read on to see if it's right for you.

TIAA Bank vs Chase

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 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.