Ally vs. Alliant online banks

Explore account lineups, rates, fees and more from these two digital financial institutions.

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Alliant Vs Ally

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Both Ally and Alliant operate entirely online, offering a range of banking products with competitive rates and low fees. Compare the two to find out which is best for your situation.

Pros and cons of Ally vs. Alliant

Ally

Pros
  • Higher savings account rates. You’ll earn more interest with Ally‘s savings accounts and CDs.
  • Wider range of CD options. Ally has a wider selection of CD options and terms than Alliant.
  • More intuitive website and app. Ally offers one of the best-rated digital platforms according to customers.
  • Slightly lower fees. You’ll pay lower monthly fees and service charges with Ally.
Cons
  • No branches. Ally operates entirely online, so you won’t be able to visit a branch.
  • Lower interest on checking accounts. You won’t earn as much interest on your checking balance if you decide to bank with Ally.
  • Fewer ATMs. Ally has 43,000 ATMs compared to Alliant’s 80,000.
  • No debit card for savings accounts. You won’t receive a debit card to access your savings.

Alliant

Pros
  • Two branch locations.Unlike Ally, Alliant has a couple branch locations so you can bank in person..
  • More interest on checking accounts. You’ll earn more interest with Alliant checking accounts.
  • More ATMs. Alliant has over 80,000 ATMs compared to Ally‘s 43,000.
  • Savings accounts include debit cards. Alliant savings accounts come with debit cards that make it easier to access your money if needed.
Cons
  • Membership required. To open an account with Alliant, you’ll first need to become a member.
  • Fewer CD options. Alliant offers fewer CD terms and doesn’t offer a no-penalty CD like Ally.
  • Lower interest on savings. You’ll earn slightly less interest in Alliant savings accounts and CDs.
  • Slightly higher fees. Alliant has slightly higher service charges and monthly fees than Ally.

Ally vs. Alliant savings accounts

Both Ally and Alliant offer one traditional savings account, but Ally takes this category for its slightly higher interest rates and lower fees.

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Winner: Ally

Name Product Interest rate (APY) Fee Minimum deposit to open
1.80%
$0
$0
An online-only savings account with no maintenance or hidden fees.
1.70%
$1 per month
(can be waived)
$5
This savings account offers a competitive APY with a low initial deposit and no maximum balance or maintenance fees.
1.00%
$0
$0
This money market savings account comes with a debit card and no minimum balance fees.

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Ally vs. Alliant checking accounts

Ally and Alliant both have interest-bearing checking accounts, but Alliant stands out for its higher interest rates and larger ATM network.

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Winner: Alliant

Name Product APY ATMs Fee
0.65%
Over 80,000 surcharge-free ATMs inside Alliant Credit Union’s nationwide ATM network
$0
High-Interest Checking with no monthly service fees
0.60% on balances of $15,000+
0.10% on balances of $0 to $14,999
Free at any Allpoint ATM in the US
$0
A checking account with no monthly maintenance fees, but a high minimum daily balance if you're looking to get a decent APY.

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Ally vs. Alliant certificates of deposit

Both have multiple CD terms with competitive rates, but Ally has no minimum deposit requirements and has more CD options.

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Winner: Ally

Name Product 1-year APY 18-month APY 2-year APY 3-year APY 5-year APY
2.05%
2%
2.05% on CDs of $25,000+

2% on CDs of $5,000 to $24,999

1.9% on CDs of $0 to $4,999
2.1% on CDs of $25,000+

2.05% on CDs of $5,000 to $24,999

1.95% on CDs of $0 to $4,999
2.25%

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Ally and Alliant’s other products

Both banks offer a selection of other financial products.

    Ally

  • Credit cards
  • IRAs
  • IRA CDs
  • Home loans and refinancing
  • Brokerage accounts
  • Portfolio management
  • Money market account

    Alliant

  • Credit cards
  • IRAs
  • IRA CDs
  • Home loans and refinancing
  • Brokerage accounts
  • Portfolio management
  • Car, student and personal loans
  • Auto, home and life insurance
  • Kid and teen checking

Ally and Alliant branches and ATMs

With most of their business being conducted online, customer service is important. Here’s how the two compare:

Ally Alliant
Branches 0 2
ATMs 43,000 80,000+
Customer service
  • Phone 24/7
  • Social media
  • Live chat
  • Email
  • Phone 24/7
  • Social media
  • Email

Ally and Alliant special features

Both institutions have a couple of features that make them stand out from their competitors:

Ally
  • No penalty and Raise your Rate CDs
  • Learning center
Alliant
  • One of the largest ATM networks
  • Hands-on customer service

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Winner: Tie

Bottom line

These online banks offer a wide range of personal banking products with competitive rates and almost no fees. Ally is the better choice for savings accounts and CDs, whereas Alliant might be better if you have a higher checking balance or prefer access to branches. Not sure either is right for you? Compare your options until you find the right fit.

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