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TIAA Bank vs Ally Bank

TIAA Bank is an online bank offering high rates if you have a large deposit. How does it compare to Ally Bank? Read our comparison chart below.

TIAA Bank promises to deliver a yield in the top 5% of competitive accounts for their Yield Pledge accounts. Checking requires a minimum of $100. Money Market Account requires a minimum opening deposit of $500. High APY. All accounts have no monthly service fees.

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

 

TIAA Bank

Ally Bank

SPECIAL OFFER
Online Savings Account - 4.20% APY - Learn More

Read Ally Bank Review

 

Benefits and Features

Savings 
4.20% APY
CDBasic CD: 3.95% - 5.25% APY. Terms of 3 months to 5 years. Minimum deposit of $1,000. No monthly service fee.3.00% to 4.50% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.50%
CheckingYield Pledge Checking: Up to 0.25% APY. Minimum deposit of $100. No monthly service fee.0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000
Money MarketUp to 4.75% APY. No monthly service fee. Minimum deposit of $500.
4.20% APY
Mobile App 
iOS & Android
ATMs Over 43,000 no-fee Allpoint ATMs
Customer Service 
24/7
Locations 
Online only
 

CreditDonkey® Reviews

SavingsStarStarStarStarEmpty StarStarStarStarStarEmpty Star
CDStarStarStarStarHalf Star
CheckingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Money MarketStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarHalf StarEmpty StarStarStarStarStarStar
Customer ServiceStarStarStarStarStarStarStarStarStarStar
Pros & ConsPros:
  • High APY
  • No monthly service fees
  • Refund ATM fees
Cons:
  • Large minimum deposit
Pros:
  • CD options
  • No account minimums
  • Good customer service
Cons:
  • Low Checking APY for lower balance customers
Bottom LineOnline bank offering high rates if you have a large deposit... Read full reviewSolid online bank with a great user-friendly website and customer service... 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.

TIAA Bank: Pricing information from published website as of 09/02/2023.

Ally Bank: Pricing information from published website as of 05/14/2024.

Which is Better: TIAA Bank 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 TIAA Bank or Chase.

In short: Ally Bank's mobile app is outstanding.


Articles on TIAA Bank

TIAA Bank Review

If you have a large opening deposit, TIAA Bank provides a variety of options at high rates. But there are downsides. Read on to see if it's right for you.

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 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 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.

Which Do You Think is Best?


Which Bank Account is Right for You?


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