Ally Bank vs Chime
The two banks compared as banks: the charter, branches, checking, the other products they offer, their apps and their deposit rates. Each fact has its source and the date it was confirmed.
Choose Ally Bank or Chime
Choose Ally Bank if
- You want CDs. Banksparency tracks no CD at Chime.
- You want a money market account. Banksparency tracks none at Chime.
- You use ATMs often. Ally Bank lists 75,000+ fee-free ATMs and Chime lists 47,000+.
- You send money with Zelle. Ally Bank offers it and Chime does not.
Choose Chime if
- You want a credit card from the same bank. Ally Bank does not offer one.
- The savings rate matters most. Chime advertises the higher savings APY.
Ally Bank and Chime compared
| Field | Ally Bank | Chime |
|---|---|---|
| What each bank offers | ||
| Savings account | YesBanksparency rate data | YesBanksparency rate data |
| CDs | YesBanksparency rate data | None trackedBanksparency rate data |
| Money market account | YesBanksparency rate data | None trackedBanksparency rate data |
| Checking account | YesBank site, confirmed Sep 27, 2026 | YesBank site, confirmed Sep 27, 2026 |
| Credit cards | NoBank site, confirmed Sep 27, 2026 | YesBank site, confirmed Sep 27, 2026 |
| Personal loans | Not statedBank site, confirmed Sep 27, 2026 | Small loans only ($100 to $2,000, for select members)Bank site, confirmed Sep 27, 2026 |
| Mortgages | NoBank site, confirmed Sep 27, 2026 | NoBank site, confirmed Sep 27, 2026 |
| Investing | YesBank site, confirmed Sep 27, 2026 | YesBank site, confirmed Sep 27, 2026 |
| Deposit rates | ||
| Best savings APY | 3.20% APY. That account is online only.Advertised, newest reading Nov 11, 2026 | 4.00% APYAdvertised, newest reading Nov 7, 2026 |
| Best CD APY | 4.50% APY, 12 monthsAdvertised, newest reading Nov 11, 2026 | None listed |
| Best money market APY | 3.20% APYAdvertised, newest reading Nov 11, 2026 | None listed |
| Checking | ||
| Account compared | Ally Bank Spending AccountBank site, confirmed Sep 27, 2026 | Chime Checking AccountBank site, confirmed Sep 27, 2026 |
| Monthly fee | NoneBank site, confirmed Sep 27, 2026 | NoneBank site, confirmed Sep 27, 2026 |
| How to avoid the fee | No fee to avoidBank site, confirmed Sep 27, 2026 | No fee to avoidBank site, confirmed Sep 27, 2026 |
| Overdraft fee | NoneBank site, confirmed Sep 27, 2026 | NoneBank site, confirmed Sep 27, 2026 |
| Zelle | YesBank site, confirmed Sep 27, 2026 | NoBank site, confirmed Sep 27, 2026 |
| Branches and ATMs | ||
| Branches | No branchesBank site, confirmed Sep 27, 2026 | No branchesBank site, confirmed Sep 27, 2026 |
| Fee-free ATMs | Allpoint and MoneyPass, 75,000+Bank site, confirmed Sep 27, 2026 | MoneyPass (in 7-Eleven), Allpoint and Visa Plus Alliance, 47,000+Bank site, confirmed Sep 27, 2026 |
| Other banks' ATM fees | Up to $10 per statement cycleBank site, confirmed Sep 27, 2026 | Not statedBank site, confirmed Sep 27, 2026 |
| Apps | ||
| App Store rating | 4.6 of 5Store listing, confirmed Sep 27, 2026 | 4.8 of 5Store listing, confirmed Sep 27, 2026 |
| Google Play rating | 4.4 of 5Store listing, confirmed Sep 27, 2026 | 4.7 of 5Store listing, confirmed Sep 27, 2026 |
| The bank behind it | ||
| Charter | Utah · one of 44 insured banks chartered thereFDIC call report, Q2 2026 | Not a bank. Deposits are held at The Bancorp Bank, N.A.; Stride Bank, N.A.Bank site, confirmed Sep 27, 2026 |
| Size | 24th-largest by deposits of 4,238 insured banksFDIC call report, Q2 2026 | No FDIC filing |
| Deposit growth | Higher than at 45% of 4,226 insured banks over the four quarters to Q2 2026FDIC call report | No FDIC filing |
“Not stated” means the bank’s own pages say nothing that answers the question. “Not confirmed yet” means no one has confirmed the fact against its source.
How each bank has moved its rates
Banksparency reads each bank’s rates every day. A bank that cuts often, or lets a promotion lapse to a lower rate, costs more over a year than its rate today shows.
Ally Bank
- Savings Account: 5 rate changes since Jan 21, 2026, 3 cuts and 2 raises.The last was on Oct 23, 2026, up 0.10 points.
- 12-month CD, the highest CD rate: 6 rate changes since Jan 21, 2026, 1 cut and 5 raises.The last was on Oct 23, 2026, up 0.20 points.
- Money Market Account: 5 rate changes since Jan 21, 2026, 3 cuts and 2 raises.The last was on Oct 24, 2026, up 0.10 points.
Chime
- Chime High-Yield Savings Account: 2 rate changes since Jan 21, 2026, 2 raises.The last was on Oct 6, 2026, up 0.25 points.
What each bank pays on deposits
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
Ally Bank
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Ally Bank paid a higher average rate on savings and money market deposits than 94% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
Each figure is that bank's own charter-level average across its whole deposit book, so the two are shown one after the other and are not a ranking.
Chime
Chime is not a bank and files no call report. Its deposits are held at partner banks.
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
More on these two banks
More whole-bank comparisons
Ally Bank compared with other banks:
Chime compared with other banks: