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Citibank vs Ally Bank

Citibank is a large national bank best for high balance customers. How does it compare to Ally Bank? Read our comparison chart below.

Citibank has over 600 branches across the United States. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

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

 

Citibank

Ally Bank

OFFER
Checking with Enhanced Direct Deposit - $300 Cash Bonus

Read Citibank Review

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

Read Ally Bank Review

 

Benefits and Features

Savings
  • CitiĀ® Accelerate High-Yield Savings: Available in AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois.
  • CitiĀ® Savings: Available in CA, CT, DC, MD, NV, NJ, NY, VA, and select markets in Florida and Illinois.
4.00% APY
CD
  • 6-Month Fixed Rate CD - 3.50% APY
  • 9-Month Fixed Rate CD - 2.50% APY
  • 1-Year Fixed Rate CD - 2.50% APY
  • 5-Year Fixed Rate CD - 2.00% APY
  • 3-Month Fixed Rate CD - 0.05% APY
3.00% to 4.60% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.25%
Checking
Check
0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000
Money Market
4.00% APY
Mobile App 
iOS & Android
ATMsMore than 70,000 fee-free ATMs at Citi branches and participating retail locations nationwide, including Target, CVS Pharmacy, Rite aid, Walgreens, Duane Reade and ATMs displaying Allpoint or MoneyPass logo.
43,000+ no-fee Allpoint ATMs
Customer Service24/7 Live Customer Service (Telephone)
24/7
IRA CD
Check
 
IRA Money Market
Check
 
Locations645 retail bank branches concentrated in the six key metropolitan areas of New York, Chicago, Los Angeles, San Francisco, Miami, and Washington, D.C.
Online only
 

CreditDonkey® Reviews

SavingsStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
CDStarStarStarEmpty StarEmpty Star
CheckingStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
FeesStarStarStarStarStar
Pros & ConsPros:
  • Perks for high balance customers
  • Many fee-free ATMs
  • Global presence
Cons:
  • No free checking option
  • Higher balance requirements
  • Low savings APY
Pros:
  • High APY on all balance tiers
  • $0 monthly fees
  • Seamless online banking platform
Cons:
  • No cash deposits
  • Online banking only
  • No debit card
Bottom LineLarge national bank best for high balance customers... Read full reviewHigh-yield savings account with competitive APY and smart budgeting tools... Read full review

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

    Citibank: Pricing information from published website as of 09/27/2024. This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

    Ally Bank: Pricing information from published website as of 09/28/2024.

    Which is Better: Citibank 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 Citibank or Chase.

    In short: Ally Bank's savings is worth mentioning.


    Articles on Citibank

    Citibank

    Citibank offers banking services and credit cards. But service fees and balance requirements are on the high side. Is it the right bank for you?

    Open Citi Account

    Opening a Citi bank account is easy. Take a look at what you'll need, plus find out how to earn a bonus

    Citi Savings Account Interest Rate

    Citibank boasts two savings accounts with varying rates and low fees. But which one should you open? Read on for all the details.

    Citibank Accelerate Savings

    Citi now offers high-yield savings with one of the best interest rate. But it's only available in select markets. Read this review to see if it's good for you.

    Citibank Routing Number

    Looking to transfer money in or out of your Citibank checking or savings account? Find your Citibank routing number and learn about money transfers below.

    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 Savings vs Money Market

    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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