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 Wealthfront is a robo-advisor, so no human advisory will be available for you since everything is automated. The fees however are much lower than if you were to hire a financial advisor.
Continue reading below to see a side-by-side comparison between Ally Bank and Wealthfront, so you can see which one offers the services you need the most.
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| Ally Bank | Wealthfront | |
| Locations | Online-only Bank | |
| ATMs | Over 43,000 no-fee Allpoint ATMs | |
| Savings | 3/5 | |
| CD | 3.5/5 | |
| Checking | 4.5/5 | |
| Money Market | 3.5/5 | |
| Customer Service | 5/5 | 4/5 |
| Mobile App | 4.5/5 | |
| Pros | -Extended banking hours -Low requirements to waive monthly fees -No foreign transaction fees |
-Minimal opening deposit & fees -Advanced goal tracker -Tax loss harvesting |
| Cons | -No free checking -Low APY |
-No human advisors – No fractional shares |
| Bottom Line | Ally Bank is an online only based banking that offers full service with the most competitive rates. | Wealthfront is a robo-advisor that invests and manages your portfolio for you. |
Ally Bank Promotions
Learn more about Ally Bank Online Savings here. Our full list of Ally Bank Promotions here.
Learn more about Ally Invest here from Axos Bank. Our full list of Ally Invest Promotions here.
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Bottom Line
Which Bank is Better: Ally Bank or Wealthfront?
In summary:
- Ally Bank offers good interest rates and no account minimum or service fees. Their customer service is really good too.
- Wealthfront is one of the lowest-cost online advice solutions so if you are interested, give them a try today.
For more variety of options, see our list of the best bank account bonuses & savings account offers.
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