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 | |
---|---|---|
Checking with Enhanced Direct Deposit - $300 Cash Bonus | Online Savings Account - 4.00% APY - | |
Benefits and Features | ||
Savings |
| |
CD |
| 3.00% to 4.60% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.25% |
Checking | 0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000 | |
Money Market | ||
Mobile App | ||
ATMs | More 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. | |
Customer Service | 24/7 Live Customer Service (Telephone) | |
IRA CD | ||
IRA Money Market | ||
Locations | 645 retail bank branches concentrated in the six key metropolitan areas of New York, Chicago, Los Angeles, San Francisco, Miami, and Washington, D.C. | |
CreditDonkey® Reviews | ||
Savings | ||
CD | ||
Checking | ||
Mobile App | ||
Customer Service | ||
Fees | ||
Pros & Cons | Pros:
| Pros:
|
Bottom Line | Large national bank best for high balance customers... | High-yield savings account with competitive APY and smart budgeting tools... |
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.