Current vs Ally Bank
Current is a simple, digital-only banking app with impressive bonus and cashback. How does it compare to Ally Bank? Read our comparison chart below.
Current offers mobile-only banking for adults and teens. It offers cashback rewards, interest on savings, faster direct deposit, and fee-free overdrafts. There are no monthly fees and no minimums.
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 Current with Ally Bank, side-by-side. Read on for an in-depth look, including ratings and reviews.
Visit Site | Learn More | |
Current | Ally Bank | |
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Build Credit While You Bank - | Online Savings Account - 3.80% APY - | |
Benefits and Features | ||
Savings | Up to 4.00% bonus on your Savings Pod, on up to a total of $6,000 | |
CD | 2.90% to 4.10% APY. Terms of 3 months to 5 years. 12-month CD APY of 3.90% | |
Checking | Earn up to 15x points on purchases at participating merchants | 0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000 |
Monthly Fee | ||
Kids Debit Card | ||
Money Market | ||
Minimum Deposit to Open | ||
Mobile App | ||
ATMs | Free access to 40,000+ Allpoint ATMs | 75,000+ no-fee Allpoint and MoneyPass ATMs |
Customer Service | ||
Locations | ||
CreditDonkey® Reviews | ||
Savings | ||
Minimum Deposit | ||
Checking | ||
Price | ||
Mobile App | ||
Customer Service | ||
Ease of Use | ||
Education | ||
Pros & Cons | Pros:
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Bottom Line | Simple, digital-only banking app with impressive bonus and cashback... | |
Visit Site | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Current: Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC. Ally Bank: Pricing information from published website as of 12/10/2024. |
Build Credit While You Bank
- Get Paid Up to 2 Days Faster
- Build credit and earn points with every swipe
- 40,000 fee-free Allpoint ATMs in the U.S.
- No credit check, minimum balance or hidden fees
Current Savings - Up to 4.00% bonus
- 4.00% bonus on up to $6,000 balance if you receive and maintain a qualifying direct deposit of $200 or more in a rolling 35 day period. (Otherwise, 0.25%)
- Simply add money to your Savings Pods and enable the Boost feature.
- Earn bonus on up to 3 Savings Pods, up to $2,000 balance each.
- Bonuses accumulate daily.
Which is Better: Current 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 Current or Bank of America.