Capital One comes with competitive rates for their savings accounts. Plus, their checking accounts also bear-interest and overdraft choices. There aren’t any minimum deposits required or monthly service charges either.
On the other hand, Ally Bank offers high interest on their Savings account. They also offers interest checking and multiple CD options, including No Penalty and Raise Your Rate CDs. Furthermore, there is no minimum deposits or service fees for any of their banking products.
There are no service fees for any products so be sure to take advantage of both a personal and business checking account.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Huntington Bank Unlimited Plus Business Checking | $1,000 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $100 Cash | Review |
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| Ally Bank | Capital One | |
| Locations | Online only | Online only |
| ATMs | More than 43,000 no-fee Allpoint ATMs | Over 39,000 Capital One and AllPoint ATMs |
| Savings | ||
| CD | 0.50% to 1.60% APY. Terms from 3 months to 5 years. 12-Month CD APY of 1.50% | 0.60% to 1.50% APY. Terms from 6 months to 5 years. 12-Month CD with 1.50% APY. |
| Checking | 0.10% APY under $15k & 0.50% APY for $15k+ | 0.20% APY |
| Money Market | 0.75 APY | None |
| Customer Service | 24/7 | Monday – Sunday: 8am-11pm (ET) |
| Mobile App | 5/5 | 4.5/5 |
| Pros | -CD options -No account minimum -Good customer service |
-Overdraft protection options -No account minimum -24/7 Capital One cafes for in-person support |
| Cons | -Low Checking APY for lower Diffcustomers | -Lower savings APY compared to other online banks |
| Bottom Line | Ally Bank has many financial products to offer. | Capital One is a great online bank that has access to in-person support. |
Conclusion
In conclusion, Ally Bank and Capital One both offer fantastic saving rates and service and care for their customers. Both Ally Bank and Capital One are head-to-head when it comes with most of their financial products.
For more variety of options, see our list of the best bank account bonuses & savings account offers.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Private Client | $3,000 Cash | Review |
| U.S. Bank Business Checking | $900 Cash | Review |
| Chase Business Complete Checking® | $300 or $500 Cash | Review |
| KeyBank Key Smart Checking® | $300 Cash | Review |
| Truist One Checking | $400 Cash | Review |
| Chase Total Checking® | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| Chase High School CheckingSM | $100 Cash | Review |
| J.P. Morgan Self-Directed Investing | Up to $700 Cash | Review |
| Chase Secure BankingSM | $100 Cash | Review |
| SoFi Checking and Savings Account | $325 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $1,000 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $100 Cash | Review |
| Fifth Third Bank Checking | $400 Cash | Review |
| Axos Basic Business Checking | $400 Cash | Review |
| Axos Business Interest Checking | $400 Cash | Review |
| Axos Bank Business Premium Savings | $375 Cash | Review |
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