How does Capital One 360 compare to Ally Bank in terms of savings account options?

Capital One 360 and Ally Bank are both popular options for online savings accounts. When comparing the two, there are some similarities and differences to consider.

Similarities

• Both offer high-yield savings accounts with competitive interest rates.
• Neither requires a minimum balance to open or maintain an account.
• Both provide easy-to-use mobile apps and online account management tools.

Differences

• Capital One 360 has physical branches, while Ally Bank is online-only.
• Ally Bank's savings account has no monthly maintenance fees, while Capital One 360 has no fees but requires a daily minimum balance to earn interest.
• Capital One 360 offers a checking account option with overdraft protection, while Ally Bank does not.
• Ally Bank offers ATM fee reimbursement for all U.S. ATM fees, while Capital One 360 offers this for select ATM networks only.

Overall, both Capital One 360 and Ally Bank are great options for those looking to open a high-yield savings account. While Capital One 360 offers a wider range of banking products and physical branches, Ally Bank provides no-fee accounts and ATM fee reimbursement for all U.S. ATM fees.