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The table gives a quick glance at which bank is better based on various factors like fees, opening deposits, APYs and more.
Who is best in terms of… | ||
---|---|---|
Fees | Both banks have low fees. | |
Opening deposits | Ally lets you open any account with $0, while Sychrony requires a $2,000 minimum for CDs. | |
Interest rates | Synchrony’s rates are slightly higher than Ally’s. | |
Domestic ATMs | Ally has more domestic ATMs than Synchrony. | |
International ATMs | Synchrony has ATMs outside of the US, unlike Ally. | |
Third-party ATM fees | Synchrony doesn’t charge you for using third-party ATMs, while Ally does. | |
Checking accounts | Ally offers a checking accounts, unlike Synchrony. | |
Savings accounts | Synchrony’s savings accounts come with a debit card, while Ally’s don’t. | |
CDs | Ally’s CDs don’t have minimums at all, while Synchrony does. | |
Customer service | Ally has 24/7 customer service while Synchrony’s hours are more limited. | |
Branch locations | Synchrony has one branch location, while Ally has none. |
Both of these banks offer high-yield online savings accounts with no monthly fee and a $0 opening deposit. But Synchrony wins for its higher rate and debit card access. Plus, Synchrony doesn’t charge an excessive transaction fee if you make more than six withdrawals a month, unlike Ally.
Winner: Synchrony
Use the table to compare savings accounts from Ally and Synchrony to see which has the highest APYs and lowest fees. If you want to dive into even more details, check the “Compare” box next to each one for a unique, side-by-side view.
Winner: Ally
The table highlights noteworthy features for Ally’s Interest Checking account, including minimum opening deposit, ATMs and fees.
Both banks offer multiple CD terms and competitive rates, though Synchrony‘s rates are slightly higher. However, Ally wins this section because it doesn’t have deposit requirements, while Synchrony requires at least $2,000.
Winner: Ally
Use the table to compare CD options at Ally and Sychrony. Sort the table by term to see which bank has the highest APYs. Or, click “More info” to read a review of each account.
Neither of these institutions offers physical branches, making customer service and ATM access even more important. Here’s how they compare:
Ally | Synchrony | |
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Branches | 0 | 0 |
ATMs | 43,000 — US only | Thousands worldwide |
Customer service |
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Despite their similarities, both of these banks have unique features that make them stand out:
Winner:Tie
Both Ally and Synchrony have droolworthy features that make it hard to choose. But this may help you decide which is right for you:
Online banks generAlly offer fewer products than traditional institutions, but Ally wins this category for its much larger selection.
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