dailystarx

News and Magazine


Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.

Ally and Discover Bank are two popular online banks that are great options if you don’t want to deal with common bank fees

To help you analyze the differences between each bank, we’re comparing savings, checking, CD, and money market accounts and determining which ones are the most appealing. We’re also comparing financial institutions in trustworthiness.

Ally pros and cons 

Discover pros and cons

Ally vs. Discover checking account comparisons

Ally Interest Checking Account


Annual Percentage Yield (APY)

0.10% to 0.25% APY


Minimum Deposit Amount

$0

Ally Ally Interest Checking Account

Ally Interest Checking Account


Annual Percentage Yield (APY)

0.10% to 0.25% APY


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

0.10% to 0.25% APY


Minimum Deposit Amount

$0

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Discover Discover Cashback Debit Account

Discover Cashback Debit Account


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$0

Discover Discover Cashback Debit Account

Discover Cashback Debit Account


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

None


Minimum Deposit Amount

$0

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Ally vs. Discover savings account comparisons

Ally Ally High Yield Savings Account

Ally High Yield Savings Account


Annual Percentage Yield (APY)

2.25% APY


Minimum Deposit Amount

$0

Ally Ally High Yield Savings Account

Ally High Yield Savings Account


Annual Percentage Yield (APY)

2.25% APY


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

2.25% APY


Minimum Deposit Amount

$0

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Ally vs. Discover CD comparisons 

Ally Ally High Yield Certificate of Deposit

Ally High Yield Certificate of Deposit


Annual Percentage Yield (APY)

1.00% to 3.25% APY


Minimum Deposit Amount

$0

Ally Ally High Yield Certificate of Deposit

Ally High Yield Certificate of Deposit


Annual Percentage Yield (APY)

1.00% to 3.25% APY


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

1.00% to 3.25% APY


Minimum Deposit Amount

$0

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Ally vs. Discover money market account comparisons

Ally Ally Money Market Account

Ally Money Market Account


Annual Percentage Yield (APY)

2.25% APY


Minimum Deposit Amount

$0

Ally Ally Money Market Account

Ally Money Market Account


Annual Percentage Yield (APY)

2.25% APY


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

2.25% APY


Minimum Deposit Amount

$0

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Ally vs. Discover bank trustworthiness and BBB rating

The Better Business Bureau rates businesses according to how they deal with customers’ issues and complaints.

Discover Bank has received an A+ rating from the Better Business Bureau. Meanwhile, Ally has a C- rating because it has a high volume of customer complaints and two unresolved complaints.

However, keep in mind that a good BBB rating doesn’t necessarily mean your relationship with the bank will be smooth. Talk to current customers or read online customer reviews to see if one of these banks might be a good option for you. 

Neither financial institution has been involved in any recent public scandals. 



Source link

Leave a Reply

Your email address will not be published.