Ally Bank vs Wealthfront: Which Is Better?

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.

	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

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.

Chase Bank Business Checking Bonus: $300 Offer Coupon – Ends 1/16/25

Chase Total Checking $300 Bonus – Ends 1/22/25

Rakuten Promotions: $40 Sign-Up Bonus & Referrals

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