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SoFi vs Ally Bank

SoFi is a personal loans with low APR and fees. Must have good credit to qualify. How does it compare to Ally Bank? Read our comparison chart below.

 SoFi
 Learn MoreLearn More
 

SoFi

Ally Bank

OFFER
Refinance Student Loans - Learn More

Read SoFi Review

SPECIAL OFFER
Online Savings Account - 3.85% APY - Learn More

Read Ally Bank Review

 

Benefits and Features

Savings4.50% APY on savings balances with direct deposit or qualifying deposits (1.20% APY without)
3.85% APY
CD
N/A
2.90% to 4.20% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.00%
Checking
0.50% APY on checking balances
0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000
Money Market 
3.85% APY
Mobile App
iOS & Android
iOS & Android
ATMs
55,000+ Allpoint ATMs
43,000+ no-fee Allpoint ATMs
Customer ServiceChecking and Savings Support:
Phone: (855) 456-7634
Monday - Thursday: 5AM - 7PM PT
Friday - Sunday: 5AM - 5PM PT
24/7 online chat
24/7
Locations
4 branch locations
Online only
 

CreditDonkey® Reviews

 SoFi
FeesStarStarStarStarHalf Star
Interest RatesStarStarStarStarHalf Star
EligibilityStarStarHalf StarEmpty StarEmpty Star
Pros & ConsPros:
  • Competitive, fixed rates
  • Low fees
  • No collateral
Cons:
  • Slower underwriting process
  • High standards for borrowers
Bottom LinePersonal loans with low APR and fees. Must have good credit to qualify... Read full review Read full review

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Ally Bank: Pricing information from published website as of 11/21/2024.

Which is Better: SoFi or Ally Bank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing SoFi or Chase.


Articles on SoFi

SoFi Personal Loan

SoFi offers unsecured personal loans if you need to borrow money ASAP. But is it legit (or not)? Learn how SoFi personal loans actually work.

SoFi Bank Review

Seeking high rates and a great digital banking experience? SoFi Bank offers solid accounts and a top-rated mobile app. Read on to know more.

SoFi Bank Locations

SoFi is an online bank offering checking and savings accounts. But does it have physical branches? Keep reading to find out.

SoFi High Yield Savings

Want a high APY and easy access to your money? Get the best of both worlds with SoFi's Checking and Savings account.

Articles on Ally Bank

Ally No Penalty CD

Ally Bank's No Penalty CD offers a competitive APY without early withdrawal penalties. Learn more about this CD here.

Ally Bank Locations

Ally is an excellent online bank with no physical locations. So, how can you access your funds? Read on to find out.

Ally High Yield Savings

Ally Savings offers a strong APY and various savings tools to help you boost your funds. Read on to find out more.

Ally Bank Problems

Ally Bank is well-known for having attractive APYs and practically no fees. But, what's the catch? Read on to know what nuisances you may encounter.

Ally Savings vs Money Market

Ally's Money Market and Savings accounts boast high APYs with no hidden fees. But, how do they differ? Read on to find out.

Ally Bank CD Rates

Ally Bank CD accounts offer high APYs and require no minimum deposit. But what is the catch? Learn more about Ally CD rates in this review.

Ally Bank Routing Number

Looking to transfer money in or out of your Ally account? You'll need the right routing number. Find your Ally routing number and learn more about money transfers in our guide.

Which Do You Think is Best?





Which Bank Account is Right for You?


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About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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