Ally Bank vs Marcus by Goldman Sachs: Which Is Better?

Ally Bank offers high interest rates on their savings as well as offering interest on their checking and CD account options. There’s no minimum deposits or service fees on their banking products.

While Marcus offers savings accounts, term CDs, and a no-penalty CD. Do note that  there’s not any checking or ATM network, but they don’t have any no service account fees.

Continue reading below to see a side-by-side comparison between the two banks, so you can see which one offers the services you need the most.

	Ally Bank	Marcus by Goldman Sachs
Locations	Online-only Bank	Online Only
ATMs	Over 43,000 no-fee Allpoint ATMs
Savings	3/5	5/5
CD	3.5/5	5/5
Checking	4.5/5
Money Market	3.5/5
Customer Service	5/5
Mobile App	4.5/5
Pros	-Extended banking hours -Low requirements to waive monthly fees -No foreign transaction fees	-High interest rates -Low opening deposits -No fees -Extended customer service
Cons	-No free checking -Low APY	-No mobile deposits -No checking accounts -No ATM card or network -No physical branches -No mobile app
Bottom Line	Ally Bank is an online only based banking that offers full service with the most competitive rates.	Marcus by Goldman Sachs offers savings accounts and CDs at high interest rates.

Ally Bank Promotions

Open an Ally Invest account to enjoy all these benefits: • Earn up to $3,500 cash bonus with deposit amount requirement • Free Trades for 90 days (up to $500 in value) when you open a new Ally Invest Securities Individual, Joint or Retirement account. • 500+ commission-free ETFs • $4.95 per equity trade with no opening minimum & option trades 65¢ per contract • $3.95 per equity trade for high-balance/high-volume traders & option trades 50¢ per contract • LIVE Trading Platform & Mobile App: Stay on top of the market with live news/streaming quotes available across multiple devices the mobile app. • Get a wide variety of investment products built with the do-it-yourself investor in mind PLUS in-depth research & market analysis tools to support all types of investment strategies Apply Now at Ally Invest

Bottom Line

Which Bank is Better: Ally Bank or Marcus by Goldman Sachs?

In summary:

• Ally Bank offers good interest rates and no account minimum or service fees.
• Marcus (previously GS Bank) is the online bank offered by the investment giant, Goldman Sachs. It offers savings products with very competitive rates and no minimum deposit and no services fees.

For more variety of options, see our list of the best bank account bonuses & savings account offers.

Chase Coupon Promo Codes $100, $200, $300, $350, $500, $725, $1000, $2000 for January 2021

Huntington Bank Promotions: $150, $200, $400, $500, $750 Checking Bonuses for January 2021

HSBC Bank Promotions: $200, $240, $450, $600, $2,000 Checking Bonuses for January 2021

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