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 | |
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Online Savings Account - 4.25% APY - | ||
Benefits and Features | ||
Savings | ||
CD | Basic CD: 3.95% - 5.25% APY. Terms of 3 months to 5 years. Minimum deposit of $1,000. No monthly service fee. | 3.00% to 5.15% APY. Terms of 3 months to 5 years. 12-month CD APY of 5.10% |
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 4.75% APY. No monthly service fee. Minimum deposit of $500. | |
Customer Service | ||
Mobile App | ||
ATMs | Over 43,000 no-fee Allpoint ATMs | |
Locations | ||
CreditDonkey® Reviews | ||
Savings | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
CD | ![]() ![]() ![]() ![]() ![]() | |
Checking | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Money Market | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Pros & Cons | Pros:
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Bottom Line | Online bank offering high rates if you have a large deposit... | Solid online bank with a great user-friendly website and customer service... |
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 09/02/2023. Ally Bank: Pricing information from published website as of 11/25/2023. |
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.