Ally Bank offers high interest rates on their savings as well as offering interest on their checking and CD account options.. There’s no minimum deposits or service fees on their banking products. Here’s how the bank is offering assistance: Ally is waiving all fees related to expedited checks and debit cards, overdrafts and excessive transactions … The competition among online brokers has become a game of inches among top-tier players like Ally Invest, Fidelity Investments and Charles Schwab, which charge industry-low rates for stock trades. When choosing whether to open a bank account with Ally Bank or Capital One, it really comes down to whether you want access to physical branches when you bank. 1.01% APY in interest plus all the other perks, it’s a solid choice. Bank of America. On a $10,000 deposit, the yield after 5 years with Ally would be $1,052 vs. $75 with Bank of America. They are highly praised for their good customer service with extended … For a five-year CD, Ally was paying a 2 percent annual yield; Bank of America, 0.15 percent. https://www.bankcheckingsavings.com/ally-bank-vs-bank-of-america TD Bank vs. Bank of America mortgages One mortgage lender is a better option for borrowers looking for certain types of loans, but only if you live on the East Coast. Lets discuss the recent interest rate changes from Ally Bank, Marcus by Goldman Sachs, and Wealthfront - Enjoy! Why we like it: It’s a good interest rate. The reason they made it on my list is because of their customer service. Bank of America is one of the biggest banks on our list. As of this writing, Ally Bank’s checking account only offers 0.10% on balances under $15,000 and a mere 0.60% on balances that are above $15,000. Capital One also offers those convenient features, but with the added benefit of brick-and-mortar branches throughout the country. 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