Ally vs Marcus: Which online bank is better?

Ally and Marcus are two online-only banks.

The bottom line: Marcus may be more appealing option if you’d like to open a savings account, while Ally has more competitive CDs. If you want to open a checking or money market account, Ally is your only option between the two.

Find the right savings account for you

Marcus by Goldman Sachs and Ally are two top-tier online banks. To help you figure out which one is the best fit for you, we’ve analyzed the details of each of their bank accounts, then selected a winner for each category. We’ve also compared the financial institutions in trustworthiness so you can see how a bank deals with customer issues and complaints.

Pros and cons of AllyProsCons

24/7 live customer support over the phone and through live chat

Savings, checking, CDs, and money market accounts

Variety of additional banking services, like mortgages, loans, and investment accounts

Savings account helps you save for individual goals

Unable to deposit cashNo physical locationsPros…

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This article was written by [email protected] (Sophia Acevedo, CEPF) and originally published on www.businessinsider.com