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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.

Find the right savings account for you

 

Marcus by Goldman Sachs and Ally are two top-tier online banks. To help you figure out which one is the best fit for you, we’ve analyzed the details of each of their bank accounts, then selected a winner for each category. We’ve also compared the financial institutions in trustworthiness so you can see how a bank deals with customer issues and complaints.

Pros and cons of Ally

Pros and cons of Marcus

Ally vs. Marcus savings account comparisons

Below, we’ve compared high-yield savings accounts offered by each bank. 

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

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Ally vs. Marcus CD comparisons 

Below we’ve compared Ally and Marcus’s regular CDs.

Both institutions offer more CD options, though. Ally has an 11-month no-penalty CD and Raise Your Rates CDs that may increase your rate if Ally’s rates rise during your term. Meanwhile, Marcus has a 7-month, 11-month, and 13-month no-penalty CD.

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

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Ally vs. Marcus checking account and money market account

Marcus only offers a high-yield savings account and CDs. If you’d like to open a checking account or money market account, then you’ll have to turn to Ally.

Ally has an interest-earning checking account that doesn’t charge monthly service fees, overdraft fees, or out-of-network ATM fees. You’ll have access to 43,000 ATMs throughout the US, and Ally also reimburses up to $10 in out-of-network ATM fees and you can get your paycheck up to two days early if you set up direct deposit.

Ally’s money market account is pretty similar to the bank’s high-yield savings account. The main difference between the two accounts is the money market account includes a debit card and paper checks.

Ally Ally Interest Checking Account

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

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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.

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Ally vs. Marcus trustworthiness and BBB rating

We use ratings from the Better Business Bureau so you can see how a bank deals with customer issues. 

Ally received a C- rating from the BBB because it has a high volume of customer complaints and two unresolved complaints. Marcus received an A+ rating.

A good BBB rating isn’t necessarily the be-all and end-all. Talk to current customers or read online customer reviews to see if a financial institution might be a good fit.

Neither Ally nor Marcus has been involved in any recent public scandals. 



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