Varo Bank vs Ally Bank
| SPECIAL OFFER Varo Bank Account - Learn More | SPECIAL OFFER Online Savings Account - 4.00% APY - Learn More |
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| Benefits and Features |
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Savings | 3.00% 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 |
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CD | | 3.00% to 4.30% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.10% |
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Checking | No monthly service fee; no minimum balance; no overdraft fees | 0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000 |
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Monthly Fee | $0 | |
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Money Market | | 4.00% APY |
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Minimum Deposit to Open | $0 | |
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Mobile App | iOS & Android | iOS & Android |
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ATMs | over 55,000 fee-free AllPoint ATMs | 43,000+ no-fee Allpoint ATMs |
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Customer Service | Mon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET) | 24/7 |
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Locations | Online only | Online only |
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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 Bank's No Penalty CD offers a competitive APY without early withdrawal penalties. Learn more about this CD here.
Ally is an excellent online bank with no physical locations. So, how can you access your funds? Read on to find out.
Ally Savings offers a strong APY and various savings tools to help you boost your funds. Read on to find out more.
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'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 accounts offer high APYs and require no minimum deposit. But what is the catch? Learn more about Ally CD rates in this review.
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 Bank Account is Right for You?
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