TD Bank vs Ally Bank
TD Bank is an east Coast bank with relatively low minimum balance requirements. How does it compare to Ally Bank? Read our comparison chart below.
TD Bank has over 1,100 locations on the East Coast. Known as "America's most convenient bank," it offers extended banking hours and 24/7 customer service by phone. Monthly service fees can be waived with somewhat low minimum balance requirements.
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 TD Bank with Ally Bank, side-by-side. Read on for an in-depth look, including ratings and reviews.
TD Bank | Ally Bank | |
---|---|---|
TD $300 Beyond Checking Bonus - | Online Savings Account - 4.00% APY - | |
Benefits and Features | ||
Savings | 0.02% APY. No minimum deposit. $5.00 monthly fee waived if 1) minimum $300 balance or 2) waived for the first 12 months if with recurring transfer of $25 or more from a TD Bank account or if you're under 18 or 62 and older. | |
CD | 1.00% APY (up to 4.50% for Relationship APY). Terms of 3 to 60 months. Minimum deposit of $250. Allows one penalty-free withdrawal (depending on account). | 3.00% to 4.40% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.10% |
Checking | TD Complete Checking, TD Beyond Checking, TD Essential Banking | 0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000 |
Money Market | ||
Mobile App | ||
ATMs | 2,600 ATMs throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida | |
Customer Service | 24/7 Live Customer Service (Telephone) | |
IRA CD | 1.00% APY (up to 4.50% for Bump Rate APY). Terms of 3 months to 5 years. Minimum deposit of $250. Additional contributions and penalty-free withdrawal available (depending on account). | |
Locations | ||
CreditDonkey® Reviews | ||
Savings | ||
CD | ||
Checking | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
Pros & Cons | Pros:
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Bottom Line | East Coast bank with relatively low minimum balance requirements... | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. TD Bank: Pricing information from published website as of 09/27/2024 based on 08034 zip code. Ally Bank: Pricing information from published website as of 10/19/2024. |
Which is Better: TD Bank or Ally Bank?
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