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.
Learn More | Visit Site | |
Ally Bank | Axos Bank | |
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Online Savings Account - 4.20% APY - | Rewards Checking - Up to 3.30% APY - | |
Benefits and Features | ||
Savings | 0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over) | |
CD | 3.00% to 4.50% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.50% | 0.20% APY. Terms of 3 months to 5 years. $1,000 minimum |
Checking | 0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000 | Rewards Checking: Up to 3.30% APY Cashback Checking: Up to 1% cashback |
Money Market | ||
Mobile App | ||
ATMs | Over 43,000 no-fee Allpoint ATMs | Approximately 91,000 partner ATMs |
Customer Service | ||
Locations | ||
CreditDonkey® Reviews | ||
Savings | ||
Checking | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
CD | ||
ATMs | ||
Locations | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Solid online bank with a great user-friendly website and customer service... | Full-service online bank with excellent cashback and interest checking... |
Learn More | Visit Site | |
Ally Bank: Pricing information from published website as of 04/20/2024. Axos Bank: Pricing information from published website as of 04/10/2024. |
Rewards Checking - Up to 3.30% APY
- Use the promo code AXOS300 when you apply for a Rewards Checking account by June 30th, 2024. Then have qualifying direct deposits to earn up to a $300 bonus!†
- Build your own APY with up to 3.30% APY*
- Zero monthly maintenance fees
- Zero overdraft or NSF fees
- Zero minimum monthly balance reqs
- No initial deposit requirement
- Unlimited domestic ATM fee reimbursements
- Online debit card management
- Simple, 3-step process for direct deposit
Basic Business Checking - Up to $400 Bonus
- Business owners get up to $400 welcome bonus!*
- Open a business checking account by June 30 and get up to $400 when you use promo code NEW400 on your application.*
- No initial deposit requirement
- No minimum balance requirement
- No monthly maintenance fees
- Free domestic incoming wires. Two (2) outgoing domestic wire fees reimbursed per month.
- Unlimited domestic ATM fee reimbursements
- Unlimited item processing (debits, credits, and deposited items)
- Cash deposits via MoneyPass and AllPoint networks
CashBack Checking - Earn up to 1.00% Cash Back
- Earn up to 1.00% cash back on signature-based purchases
- Unlimited domestic ATM fee reimbursement
- No monthly maintenance fee
- $50 minimum balance required to open account
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.