Synchrony Bank vs Ally Bank
Synchrony Bank is a good online bank offering high interest rates. How does it compare to Ally Bank? Read our comparison chart below.
Synchrony Bank offers high interest savings with an ATM card for easy withdrawals. There is no minimum deposit. Their CDs require a $2,000 minimum deposit to open. There are no service fees for any products.
While Ally Bank offers high interest on their Savings account. It also offers interest checking and multiple CD options, including No Penalty and Raise Your Rate CDs. There is no minimum deposits or service fees for any of their banking products.
Compare Synchrony Bank with Ally Bank, side-by-side. Read on for an in-depth look, including ratings and reviews.
Synchrony Bank | Ally Bank | |
|---|---|---|
High Yield Savings - 4.10% APY - | Online Savings Account - 3.80% APY - | |
Benefits and Features | ||
| Savings | 4.10% APY. No monthly service fee and no minimum deposit. An ATM card is provided for easy withdrawal. Synchrony will refund ATM fees for other banks up to $5 per statement cycle | |
| CD | 0.25% to 4.30% APY. Terms of 3 months to 5 years. No minimum deposit to open. | 2.90% to 4.10% APY. Terms of 3 months to 5 years. 12-month CD APY of 3.90% |
| Checking | 0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000 | |
| Money Market | 2.25% APY. No monthly service fee and no minimum deposit. | |
| Mobile App | ||
| ATMs | Any ATMs with Plus or Accel logos | 75,000+ no-fee Allpoint and MoneyPass ATMs |
| Customer Service | Mon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET) | |
| IRA CD | 0.25% to 4.00% APY. Terms of 3 months to 5 years. No minimum deposit to open. | |
| IRA Money Market | 2.25% APY. | |
| Locations | ||
CreditDonkey® Reviews | ||
| Savings |  | |
| Money Market |  | |
| Customer Service | | |
| Pros & Cons | Pros:
| |
| Bottom Line | Good online bank offering high interest rates... | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Synchrony Bank: Pricing information from published website as of 12/06/2024. Ally Bank: Pricing information from published website as of 12/10/2024. | ||
Which is Better: Synchrony Bank 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 Synchrony Bank or Chase.
Articles on Synchrony Bank
Synchrony Bank
Synchrony offers some of the highest savings and CD rates. But there are downsides. Read this review before you open an account.
Synchrony High Yield Savings
Synchrony's high-yield savings account has a high APY with no fees. But they also have more to offer than just that. Read on to know all the details.
Synchrony Bank CD Rates
Are CD rates good at Synchrony Bank? Find out if you should open a Synchrony CD.
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 Money Market vs Savings
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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