If you want a money market account or a type of CD other than a regular term CD, then you'll want to go with Ally.Īlthough Capital One is considered an online bank, it does have over 470 physical branches in eight US states and Washington DC. Capital One reviewīoth banks have CDs, savings accounts, andĬhecking accounts. Ally only has an 11-month CD, but Marcus has terms for seven, 11, and 13 months. You may prefer Marcus for a no-penalty CD, though. Marcus only has a savings account and CDs, so if you're looking for a checking or money market account, you'll want to go with Ally.īoth banks offer term and no-penalty CDs, but Marcus doesn't have anything like the Ally Raise Your Rate CD that lets you increase your rate during the term. Online banks with competitive rates: Marcus by Goldman Sachs and Capital One. So if the BBB rating doesn't bother you, you may decide you're comfortable banking with Ally.
#Ally finance plus#
On the plus side, Ally doesn't have any recent public scandals. It also checks whether a business is honest in its advertising and transparent in how it conducts business. The BBB measures trustworthiness by looking at how a company responds to customer complaints. The Better Business Bureau gives Ally a D rating, because Ally has received numerous complaints on the website. Your money is FDIC insured for up to $250,000, or $500,000 if you have a joint account.
Live customer service is available 24/7, both by phone and online chat. The Ally mobile app has received 4.7 out of 5 stars in the Apple store, and 3.9 out of 5 stars in the Google Play store. If you use an out-of-network ATM and the ATM provider charges a fee, then Ally will reimburse up to $10 per month.
#Ally finance free#
It's part of the Allpoint ATM network, so you have free access to over 43,000 Allpoint ATMs around the US. Along with its bank accounts, you can also open investment accounts, take out a mortgage, or refinance your home.Īlly is an online-only bank, but it has physical ATMs. How Ally worksĪlly offers a wide range of products. The Ally Money Market Account makes it especially easy by sending you both a debit card and paper checks. Money market accounts have a lot of similarities, but one perk of a money market account is that it typically makes it easier to access your money than a savings account does. The bank's early withdrawal penalties are lower than what you'll find with most banks, or you can open the No Penalty CD. If you're worried you'll need access to funds before your CD matures, then Ally could be a good option. Ally also offers an 11-month No Penalty CD. You can increase your rate once during a 2-year term and twice during a 4-year term. Most banks ask you to put down hundreds or thousands of dollars to open a CD, but you can open an Ally High Yield CD with any amount.Īlong with the Ally High Yield CD, Ally offers a Raise Your Rate CD, which allows you to increase your rate should Ally's rates go up.
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