Ally Bank vs Marcus by Goldman Sachs
Last updated July 2026
Ally Bank
Full-service online bank with checking, savings, and CDs
Advantages
- 4.00% APY on Online Savings (as of July 2026, no minimum)
- No monthly fees, no minimum balance, no overdraft fees
- Includes free checking with reimbursed ATM fees (up to $10/mo)
- Robust mobile app: transfers, deposits, budgeting buckets, savings goals
- 24/7 U.S.-based customer support
Drawbacks
- No physical branches
- Cash deposits require third-party services (Green Dot, Coinstar)
- APY slightly below the very top of the market at times
Marcus by Goldman Sachs
Simple high-yield savings from Goldman Sachs
Advantages
- 4.05% APY on Online Savings (as of July 2026, no minimum)
- No monthly fees, no minimum balance
- Backed by Goldman Sachs, strong brand and financial stability
- Simple, clean app focused on savings and CDs
- Competitive CD rates including a no-penalty CD product
Drawbacks
- No checking account, must pair with another bank for daily spending
- No ATM access (savings-only)
- No mobile check deposit for some legacy accounts
Ally Bank and Marcus by Goldman Sachs are two of the largest, most competitive online-only high-yield savings accounts in the U.S. Both pay APYs well above traditional banks and charge no monthly fees. Ally is a full-service digital bank with checking; Marcus is savings-only backed by Goldman Sachs.
Feature Comparison
| Feature | Ally Bank | Marcus by Goldman Sachs |
|---|---|---|
| Savings APY | 4.00% APY (as of July 2026) | 4.05% APY (as of July 2026) |
| Checking Included | Yes, Ally Interest Checking | No, savings and CDs only |
| Minimum Balance | None | None |
| Monthly Fees | None | None |
| CD Rates | 4.10% - 4.30% APY across 3-mo to 5-yr terms | 4.15% - 4.35% APY; no-penalty CD available |
| ATM Access | 43,000+ Allpoint ATMs free; up to $10/mo out-of-network reimbursed | None, transfer to linked account required |
| Mobile App | Excellent, buckets, budgeting, goals | Clean and simple; savings-focused |
| Customer Support | 24/7 U.S.-based phone, chat, email | Phone and chat, U.S.-based |
Ally Bank Wins
Ally wins for most people because you get near-identical savings yield plus a full checking account and ATM network.
Marcus's savings APY is marginally higher (4.05% vs 4.00%), but the difference on $10K is only $5/yr, not worth splitting your money. Ally's full-service bank means you can consolidate checking and savings, use ATMs, and manage everything in one app. Marcus wins only if you specifically want a walled-off savings account you can't touch impulsively, or if you already have a primary bank you love.
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