Axos Bank vs Ally Bank

Axos Bank is a full-service online bank with excellent checking and savings. How does it compare to Ally Bank? Read our comparison chart below.

Axos Bank offers a range of checking and savings products. Checking options includes a up-to 1% cashback account and rewards checking account with a higher interest rate. Savings options include savings accounts and CDs with higher-than-average rates. All accounts have no monthly service fees.

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 Axos Bank with Ally Bank, side-by-side. Read on for an in-depth look, including ratings and reviews.

	Axos Bank	Ally Bank
	Member FDIC
	Learn More	Learn More
	SPECIAL OFFER Axos ONE - Earn up to 4.21% APY - Learn More Read Axos Bank Review	SPECIAL OFFER Online Savings Account - 3.10% APY - Learn More Read Ally Bank Review
	Benefits and Features
Savings	0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)	3.10% APY
CD	0.20% APY. Terms of 3 months to 5 years. $1,000 minimum	2.80% to 3.70% APY. Terms of 3 months to 5 years. 12-month CD APY of 3.70%
Checking	Rewards Checking: Up to 3.30% APY Cashback Checking: Up to 1% cashback	0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000
Money Market	0.25% APY	3.10% APY
Mobile App	iOS & Android	iOS & Android
ATMs	approximately 91,000 partner ATMs	75,000+ no-fee Allpoint and MoneyPass ATMs
Customer Service	24/7	24/7
Locations	Online only	Online only
	CreditDonkey® Reviews

Savings
CD
Checking
Mobile App
ATMs
Locations
Pros & Cons	Pros: Checking with rewards No monthly fee Domestic ATM rebates Cons: Low CD rates No physical branches
Bottom Line	Full-service online bank with excellent checking and savings... Read full review	Read full review
	Axos ONE - Earn up to 4.21% APY Basic Business Checking - Up to $200 Bonus Business Premium Savings - Up to 3.60% APY	Online Savings Account - 3.10% APY Money Market - 3.10% APY No Penalty CD
Axos Bank: Pricing information from published website as of 02/20/2026. Ally Bank: Pricing information from published website as of 04/22/2026.

Member FDIC

Axos ONE - Earn up to 4.21% APY

Learn More

Earn up to 4.21% APY* on savings, and 0.51% APY* on checking when you meet requirements.
Get your money up to 2 days early.
No monthly maintenance, minimum balance, account opening, or overdraft fees.

Member FDIC

Basic Business Checking - Up to $200 Bonus

Get Deal

Expires 6/30/2026

Open a Basic Business Checking account using promo code START200 by June 30, 2026.
Every dollar counts when you're starting out. That's why new businesses can earn up to $200 opening a new Basic Business Checking account today.
No initial deposit requirement
No minimum balance requirement
No monthly maintenance fees
Free domestic incoming wires. Two (2) outgoing domestic wire fees reimbursed per month.
Unlimited domestic ATM fee reimbursements
Unlimited item processing (debits, credits, and deposited items)
Cash deposits via MoneyPass and Allpoint networks

Member FDIC

Business Premium Savings - Up to 3.60% APY

Get Deal

Expires 6/30/2026

Bundle with checking and unlock a bonus of up to $600.
Discover the Axos Business Bundle, combining flexible checking with high-yield savings and earn an exclusive bonus up to $600. Use promo code SBB600.†
Earn 3.60% APY* With Business Premium Savings
Free domestic and international incoming wires
No monthly maintenance fee
No minimum opening deposit
No average daily balance requirement
Business deposit accounts FDIC insured up to $250k

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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.

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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.

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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 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.