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Varo Bank vs Ally Bank


 

Varo Bank

Ally Bank

SPECIAL OFFER
Varo Bank Account - Learn More

SPECIAL OFFER
Online Savings Account - 4.00% APY - Learn More

 

Benefits and Features

Savings3.00% APY on all balances. Opportunity to earn 5.00% APY if your daily savings balance does not exceed $5,000 AND you make at least 5 Varo debit card purchases per month AND receive at least $1,000 in direct deposits in either the Varo Bank Account or Savings Account.
4.00% APY
CD 3.00% to 4.30% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.10%
CheckingNo monthly service fee; no minimum balance; no overdraft fees0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000
Monthly Fee
$0
 
Money Market 
4.00% APY
Minimum Deposit to Open
$0
 
Mobile App
iOS & Android
iOS & Android
ATMsover 55,000 fee-free AllPoint ATMs
43,000+ no-fee Allpoint ATMs
Customer ServiceMon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET)
24/7
Locations
Online only
Online only

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

Varo Bank: Pricing information from published website as of 11/08/2023.

Ally Bank: Pricing information from published website as of 11/01/2024.


Articles on Ally Bank

Ally No Penalty CD

Ally Bank's No Penalty CD offers a competitive APY without early withdrawal penalties. Learn more about this CD here.

Ally Bank Locations

Ally is an excellent online bank with no physical locations. So, how can you access your funds? Read on to find out.

Ally High Yield Savings

Ally Savings offers a strong APY and various savings tools to help you boost your funds. Read on to find out more.

Ally Bank Problems

Ally Bank is well-known for having attractive APYs and practically no fees. But, what's the catch? Read on to know what nuisances you may encounter.

Ally Money Market vs Savings

Ally's Money Market and Savings accounts boast high APYs with no hidden fees. But, how do they differ? Read on to find out.

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.

Which Do You Think is Best?





Which Bank Account is Right for You?


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About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

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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