Ally and Marcus are home to some of the strongest deposit accounts available today. And while they offer similar rates and fees, the differences between the two could help you determine which is best for you.
Pros and cons of Ally vs. Marcus
- Easy access. Ally offers a cutting edge mobile app and widespread ATM access.
- Wide range of financial products. Ally offers a broad selection of financial products, allowing you to do all or most of your banking in one place.
- 24/7 customer service. Customer service is available around the clock.
- Slightly lower savings rates. You’ll earn slightly less interest on Ally accounts than with Marcus.
- Higher fees. Ally has higher service charges and monthly fees on its deposit accounts.
- Fewer loan options. If loans are your priority, Marcus may be better suited for your needs.
- Personal loans. Marcus offers a wide range of loan options and specializes in debt consolidation.
- Slightly higher savings rates. You’ll earn a bit more interest with Marcus accounts.
- Lower fees. Marcus has lower service charges and monthly fees than Ally.
- More difficult to access money. Marcus doesn’t have ATMs or branches, so getting access to your money could be more difficult.
- Limited financial products. Despite its selection of deposit accounts and loan offerings, Marcus doesn’t have many other financial products.
- No 24/7 customer service. Unlike Ally, you won’t have 24/7 access to customer service.
Ally vs. Marcus savings accounts
These institutions offer two extremely competitive high-yield savings accounts, but Ally wins this category for its savings tools. You can split your money up into different savings buckets, have money automatically moved from checking each time you get paid and have Ally analyze your checking account for unused money that could be earning you more interest in your savings account.
Ally vs. Marcus checking accounts
Marcus doesn’t currently offer a checking account, giving Ally the clear edge in this category.
Ally vs. Marcus certificates of deposit
Ally vs. Marcus other products
While both of these institutions offer other financial products, Ally has a much larger selection:
- Credit cards
- Money market account
- IRA CDs
- Home loans and refinancing
- Brokerage accounts
- Portfolio management
- Personal loans
- Debt consolidation
- Home improvement loans
Ally vs. Marcus branches and ATMs
Choosing to bank online makes good customer service even more important. Here’s how the two banks measure up:
Ally vs. Marcus special features
Both banks have a couple of features that make them stand out from their competition:
These top-rated online banks both offer a selection of personal banking options and other financial products, but the best one will depend on your situation. Pick Ally for more banking products and a mobile app, or go with Marcus for slightly higher savings rates and specialized loans. Or if neither is right for you, compare options from other banks to find a good fit.
Frequently asked questions
More guides on Finder
How to choose a bank
How to choose a bank when you don’t know where to begin.
Best online banks for 2021
Thinking of going digital? This one’s for you.
Best banks in California in 2021
We’ve rounded up the best five places to store your money as a California resident.
TD Bank vs. Bank of America
Rates, fees and special features from two top-rated institutions.
Ally vs. Alliant online banks
Explore account lineups, rates, fees and more from these two digital financial institutions.
Ally vs. Synchrony
Compare the similarities, differences, pros and cons of these two online banks.
Ally vs. Capital One 360
Find out how Ally and Capital One 360 compare.
Ally vs. Simple
Find out how Ally and Simple measure up
Ally vs. Chime
Find out how Ally and Chime compare
Best mobile banking apps of 2021
Manage your finances right from your smartphone with a mobile banking app. Review the mobile banking offerings of the major banks and leave a review of your own.
Ask an Expert