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Ally Bank vs Axos Bank

Ally Bank is a solid online bank with a great user-friendly website and customer service. How does it compare to Axos Bank? Read our comparison chart below.

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.

While Axos Bank offers a range of checking and savings products. Checking options includes a up-to 1% cashback account and rewards checking account with a higher interest rate. Savings options include savings accounts and CDs with higher-than-average rates. All accounts have no monthly service fees.

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

 Axos Bank
Member FDIC
 Learn MoreVisit Site
 

Ally Bank

Axos Bank

SPECIAL OFFER
Online Savings Account - 4.35% APY - Learn More

Read Ally Bank Review

SPECIAL OFFER
Rewards Checking - Up to 3.30% APY - Learn More

Read Axos Bank Review

 

Benefits and Features

Savings
4.35% APY
0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)
CD3.00% to 4.65% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.65%0.20% APY. Terms of 3 months to 5 years. $1,000 minimum
Checking0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000Rewards Checking: Up to 3.30% APY
Cashback Checking: Up to 1% cashback
Money Market
4.40% APY
0.25% APY
Mobile App
iOS & Android
iOS & Android
ATMsOver 43,000 no-fee Allpoint ATMsApproximately 91,000 partner ATMs
Customer Service
24/7
24/7
Locations
Online only
Online only
 

CreditDonkey® Reviews

 Axos Bank
SavingsStarStarStarStarEmpty StarStarStarStarStarHalf Star
CheckingStarStarStarStarEmpty StarStarStarStarStarStar
Money MarketStarStarStarStarEmpty StarStarStarStarStarHalf Star
Mobile AppStarStarStarStarStarStarStarStarStarHalf Star
Customer ServiceStarStarStarStarStar
CDStarStarStarEmpty StarEmpty Star
ATMsStarStarStarStarHalf Star
LocationsStarStarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • CD options
  • No account minimums
  • Good customer service
Cons:
  • Low Checking APY for lower balance customers
Pros:
  • Checking with rewards
  • No monthly fee
  • Domestic ATM rebates
Cons:
  • Low CD rates
  • No physical branches
Bottom LineSolid online bank with a great user-friendly website and customer service... Read full reviewFull-service online bank with excellent cashback and interest checking... Read full review
 Learn MoreVisit Site

Ally Bank: Pricing information from published website as of 02/16/2024.

Axos Bank: Pricing information from published website as of 02/07/2024.

Axos Bank
Member FDIC

Rewards Checking - Up to 3.30% APY

Expires 6/30/2024
  • Use promo code AXOS300 and apply by June 30th, to earn up to a $300 bonus!
  • Up to 3.30% APY
  • Zero monthly maintenance fees
  • Zero overdraft or NSF fees
  • Zero minimum monthly balance reqs
  • Unlimited domestic ATM fee reimbursements
  • Online debit card management
  • Simple, 3-step process for direct deposit
  • Only $50 to open an account
Axos Bank
Member FDIC

Basic Business Checking - Up to $400 Bonus

Expires 2/29/2024
  • Business owners get up to $400 welcome bonus!*
  • Open a business checking account by Feb. 29 and get up to $400 when you use promo code NEW400 on your application and maintain a minimum average daily balance of $50,000.*
  • Zero opening deposit and cash deposits accepted
  • Zero minimum monthly balance requirements
  • Two domestic wire reimbursements monthly
  • Unlimited domestic ATM fee reimbursements
  • Enhanced Visa benefits and first 50 checks free
  • Dedicated relationship manager and more
Axos Bank
Member FDIC

Business Premium Savings - Up to 4.01% APY

Expires 3/8/2024
  • Business owners get up to $375 welcome bonus!*
  • Choose smarter business banking by March 8 and enjoy up to 4.01% APY* and a bonus of up to $375 when you maintain a minimum average daily balance of $75,000.† Just use promo code BPS375 on your application.
  • Earn 4.01% APY*
  • No monthly maintenance fee
  • No average daily balance requirement fee
  • Free image statements
  • Free online banking
  • Remote deposit from anywhere
  • $5,000 minimum opening deposit

Which is Better: Ally Bank or Axos Bank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Ally Bank or Chase.

In short: Axos Bank's checking is excellent.


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 High Yield Savings Review

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.

Articles on Axos Bank

Axos Bank Review

Axos Bank offers full-service banking completely online with no fees. Find out below whether they can replace your traditional bank account.

Axos Business Checking

Looking for affordable banking for your small business? Axos Bank offers a free business checking account or an interest-bearing account. Read on.

Is Axos Bank Safe

Is Axos Bank safe and legit? Find out if Axos is a good bank and learn more about its pros, cons, and common complaints.

Which Do You Think is Best?


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