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Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page.
We’ve compared Ally and Capital One accounts below to see which institution stands out the most. We’re also evaluating each bank’s trustworthiness so you can know more about each institution’s history.
Capital One 360 vs Ally
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Capital One 360 Performance Savings
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Ally High Yield Savings Account
Editor’s Rating
Editor’s Rating
Learn more
On Ally Bank’s secure site. Ally Bank, Member FDIC.
Ally Pros and Cons
Capital One 360 Pros and Cons
Ally vs. Capital One 360 Checking Account Comparisons
Ally and Capital One both offer a fee-free interest-earning checking account. Capital One also has a joint checking account for minors featured in our best teen checking accounts guide.
Capital One 360 Checking®
Annual Percentage Yield (APY)
0.10%
Minimum Deposit Amount
$0
Capital One 360 Checking®
Annual Percentage Yield (APY)
0.10%
Minimum Deposit Amount
$0
On Capital One’s secure site. Capital One, Member FDIC.
Capital One 360 Checking®
Details
Annual Percentage Yield (APY)
0.10%
Minimum Deposit Amount
$0
Ally vs. Capital One 360 Savings Account Comparisons
Ally and Capital One pay competitive interest rates on savings accounts. You’ll also be able to open a kid’s savings account at Capital One.
Capital One 360 Performance Savings
Annual Percentage Yield (APY)
3.40% (as of 02/02/23)
Minimum Deposit Amount
$0
Capital One 360 Performance Savings
Annual Percentage Yield (APY)
3.40% (as of 02/02/23)
Minimum Deposit Amount
$0
On Capital One’s site. Member FDIC.
Capital One 360 Performance Savings
Details
Annual Percentage Yield (APY)
3.40% (as of 02/02/23)
Minimum Deposit Amount
$0
Ally High Yield Savings Account
Annual Percentage Yield (APY)
3.40%
Minimum Deposit Amount
$0
Ally High Yield Savings Account
Annual Percentage Yield (APY)
3.40%
Minimum Deposit Amount
$0
On Ally Bank’s secure site. Ally Bank, Member FDIC.
Ally High Yield Savings Account
Details
Annual Percentage Yield (APY)
3.40%
Minimum Deposit Amount
$0
Ally vs. Capital One 360 CD Comparisons
Annual Percentage Yield (APY)
3.30% to 5.00%
Minimum Deposit Amount
$0
Annual Percentage Yield (APY)
3.30% to 5.00%
Minimum Deposit Amount
$0
on Capital One’s website. Member FDIC.
Capital One 360 CD
Details
Annual Percentage Yield (APY)
3.30% to 5.00%
Minimum Deposit Amount
$0
Annual Percentage Yield (APY)
2.00% to 4.25%
Minimum Deposit Amount
$0
Annual Percentage Yield (APY)
2.00% to 4.25%
Minimum Deposit Amount
$0
On Ally Bank’s secure site. Ally Bank, Member FDIC.
Ally High Yield CD
Details
Annual Percentage Yield (APY)
2.00% to 4.25%
Minimum Deposit Amount
$0
Ally vs. Capital One 360 Money Market Account Comparisons
Capital One 360 doesn’t offer a money market account, but Ally does. The Ally Money Market Account is a great choice if you’d like to open a money market account with an online bank.
It’s featured in our best money market accounts guide, which includes fee-free accounts with competitive interest rates. The Ally Money Market Account stands out because it doesn’t require a minimum opening deposit. Usually, banks ask for at least $1,000 to open an account.
Ally Money Market Account
Annual Percentage Yield (APY)
3.40%
Minimum Deposit Amount
$0
Ally Money Market Account
Annual Percentage Yield (APY)
3.40%
Minimum Deposit Amount
$0
On Ally Bank’s secure site. Ally Bank, Member FDIC.
Ally Money Market Account
Details
Annual Percentage Yield (APY)
3.40%
Minimum Deposit Amount
$0
Ally vs. Capital One Trustworthiness and BBB Rating
The Better Business Bureau evaluates businesses to see if they effectively respond to customer issues and have honest advertising practices.
Capital One currently has an A- rating due to a high volume of customer complaints on the BBB website. Meanwhile, Ally received an A rating from the BBB because it has three unresolved complaints.
A high BBB rating doesn’t necessarily guarantee your relationship with a bank will be perfect. Reach out to current customers or read online customer reviews to see if a bank might be a good fit for you.
Ally hasn’t been involved in any public controversies, but Capital One has experienced one recent settlement.
In 2020, The Office of the Comptroller of Currency required Capital One to pay $80 million in a settlement that said the bank had inefficient security practices, which comprised personal information of bank credit cardholders.
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