Ally Bank is a full-service online bank with comprehensive banking features, competitive APY rates, and auto financing options, making it ideal for customers seeking an all-in-one banking solution. Marcus by Goldman Sachs is a specialized savings platform focused on high-yield savings accounts and CDs with a clean interface, better suited for users prioritizing simplicity and savings.
Ally Bank vs Marcus by Goldman Sachs — Side-by-side comparison on A Versus B
Full-service digital bank offering savings, checking, CDs, auto loans, mortgages, and investments
Specialized online bank focused exclusively on high-yield savings accounts and personal loans
Banking Services. Current APY Rate (HYSA). Account Features. Mobile App Rating. Minimum Opening Deposit. Monthly Fees. Company Size. Customer Satisfaction
Ally Bank emerges as the winner for customers seeking a comprehensive banking experience with diverse financial products and features, though it sacrifices simplicity. Marcus by Goldman Sachs wins for users who want a streamlined, savings-focused platform with slightly higher APY rates and an intuitive mobile app. The choice ultimately depends on whether you prioritize full banking functionality or savings-focused simplicity.
Ally Bank: 4.6/5 | Marcus by Goldman Sachs: 4.8/5
Ally Bank: $0 | Marcus by Goldman Sachs: $0
Ally Bank: $197.3B | Marcus by Goldman Sachs: Part of Goldman Sachs ($1,100B+)
Ally Bank: Checking, savings, auto financing, investments, CDs | Marcus by Goldman Sachs: Savings accounts, CDs, personal loans
Ally Bank: 4.55% (1-year average) | Marcus by Goldman Sachs: 4.75% (1-year average)
Ally Bank: 88% | Marcus by Goldman Sachs: 95% (estimated from app ratings)
Ally Bank: 4.10% | Marcus by Goldman Sachs: 4.35%
Ally Bank: $0 (no overdraft fees) | Marcus by Goldman Sachs: N/A
Ally Bank: $0 | Marcus by Goldman Sachs: N/A
Ally Bank: 55,000+ | Marcus by Goldman Sachs: N/A
Ally Bank: 4.7/5 | Marcus by Goldman Sachs: N/A
Ally Bank: $360 (at 3.60% APY) | Marcus by Goldman Sachs: N/A
Ally Bank: 0 | Marcus by Goldman Sachs: N/A
Ally Bank: 4.20% - 4.50% | Marcus by Goldman Sachs: 4.50%
Ally Bank: 4.20% | Marcus by Goldman Sachs: N/A
Ally Bank: 0 branches | Marcus by Goldman Sachs: N/A
Ally Bank: Not offered | Marcus by Goldman Sachs: N/A
Ally Bank: 4.1/5 | Marcus by Goldman Sachs: N/A
Ally Bank: 0.10% APY | Marcus by Goldman Sachs: N/A
Ally Bank: 863 | Marcus by Goldman Sachs: N/A
Ally Bank: $250,000 (mortgage products) | Marcus by Goldman Sachs: $40,000
Ally Bank: 0 | Marcus by Goldman Sachs: 0
Ally Bank: 5.99% | Marcus by Goldman Sachs: N/A
Ally Bank: 4.25% | Marcus by Goldman Sachs: N/A
Ally Bank: 852 (2024) | Marcus by Goldman Sachs: N/A
Ally Bank: $181 billion (2023) | Marcus by Goldman Sachs: $95 billion
Ally Bank: Not available | Marcus by Goldman Sachs: 6.99%-35.97%
Ally Bank: Yes - no monthly fees | Marcus by Goldman Sachs: Not available
Ally Bank: 4.6/5 | Marcus by Goldman Sachs: 4.7/5
Ally Bank: 6+ types | Marcus by Goldman Sachs: 2 types
Ally Bank: 4.75% | Marcus by Goldman Sachs: 4.50%
Ally Bank: 6.99% | Marcus by Goldman Sachs: 6.99%
Ally Bank: None | Marcus by Goldman Sachs: None
Ally Bank: 4.7/5 | Marcus by Goldman Sachs: 4.5/5
Ally Bank: 7 (savings, checking, CDs, money market, IRAs, auto loans, mortgages) | Marcus by Goldman Sachs: 4 (savings, CDs, personal loans, HELOC)
Ally Bank: 0.10% | Marcus by Goldman Sachs: Not Offered
Ally Bank: 4.25% | Marcus by Goldman Sachs: 4.50%
Ally Bank: 4.25% | Marcus by Goldman Sachs: 5.00%
Ally Bank: 5.99% | Marcus by Goldman Sachs: 6.99%
Ally Bank: 19.99% | Marcus by Goldman Sachs: 19.99%
Ally Bank: 4.8 (95K reviews) | Marcus by Goldman Sachs: 4.7 (42K reviews)
Ally Bank: 4.50% | Marcus by Goldman Sachs: N/A
Ally Bank: 0 options | Marcus by Goldman Sachs: 0 products
Ally Bank: Not available | Marcus by Goldman Sachs: N/A
Ally Bank: 2 minutes | Marcus by Goldman Sachs: N/A
Ally Bank: 4.20% | Marcus by Goldman Sachs: 4.35%
Ally Bank: $0 (no overdraft) | Marcus by Goldman Sachs: N/A
Customer Satisfaction Score (JD Power 2024)
Ally Bank: 799 | Marcus by Goldman Sachs: N/A
Ally Bank: 5.24% | Marcus by Goldman Sachs: N/A
Ally Bank: 0.10% | Marcus by Goldman Sachs: N/A
Ally Bank: 4.35% | Marcus by Goldman Sachs: 4.25%
Ally Bank: $0 | Marcus by Goldman Sachs: $2,500-$25,000
Ally Bank: 4.7/5 | Marcus by Goldman Sachs: 4.8 stars
Ally Bank: $250,000 | Marcus by Goldman Sachs: $250,000
Ally Bank: 7 options | Marcus by Goldman Sachs: 6 options
Ally Bank: 4.30% | Marcus by Goldman Sachs: N/A
Ally Bank: 0% | Marcus by Goldman Sachs: N/A
Ally Bank: $0 (no conditions) | Marcus by Goldman Sachs: N/A
Ally Bank: 0 cards | Marcus by Goldman Sachs: N/A
Ally Bank: $0B (not offered) | Marcus by Goldman Sachs: N/A
Ally Bank: 24/7 phone + chat | Marcus by Goldman Sachs: N/A
Monthly Maintenance Fee (Standard Checking)
Ally Bank: $0 (no fee ever) | Marcus by Goldman Sachs: N/A
Ally Bank: 30,000+ (Allpoint network) | Marcus by Goldman Sachs: N/A
Ally Bank: 1-2 minutes average | Marcus by Goldman Sachs: N/A
Ally Bank: 4.50% | Marcus by Goldman Sachs: 4.50%
Ally Bank: 12 terms (3mo to 5yr) | Marcus by Goldman Sachs: Not offered
Ally Bank: 4.6 stars | Marcus by Goldman Sachs: 4.7 stars
Ally Bank: 6 (checking, savings, CDs, auto loans, mortgages, personal loans) | Marcus by Goldman Sachs: 2 (savings, personal loans)
Ally Bank: N/A | Marcus by Goldman Sachs: 13.99%
Ally Bank: N/A | Marcus by Goldman Sachs: 0 ATMs
Ally Bank: N/A | Marcus by Goldman Sachs: $0 (0%)
Ally Bank: N/A | Marcus by Goldman Sachs: 6.99% - 36%
Ally Bank: N/A | Marcus by Goldman Sachs: $40,000
Ally Bank: N/A | Marcus by Goldman Sachs: $3,500
Ally Bank: N/A | Marcus by Goldman Sachs: 2-5 business days
Ally Bank: N/A | Marcus by Goldman Sachs: 660
Ally Bank: N/A | Marcus by Goldman Sachs: 3, 5, 7
Cost Comparison (36-Month $10,000 Loan at 12% APR)
Ally Bank: N/A | Marcus by Goldman Sachs: $1,956 (no origination fee)
Ally Bank: N/A | Marcus by Goldman Sachs: 72 months
Ally Bank: N/A | Marcus by Goldman Sachs: 660+
Ally Bank: N/A | Marcus by Goldman Sachs: None
Ally Bank: N/A | Marcus by Goldman Sachs: 3 terms (3, 5, 7 years)
Ally Bank: N/A | Marcus by Goldman Sachs: ~11.99% - 15.99%
Ally Bank: N/A | Marcus by Goldman Sachs: 0 branches
How to choose between Ally Bank and Marcus by Goldman Sachs
Compare Ally Bank vs Marcus by Goldman Sachs
Ally Bank vs Marcus by Goldman Sachs — Structured Comparison Data
Machine-readable comparison dataset for Ally Bank vs Marcus by Goldman Sachs. Contains 99 attribute comparisons, 10 FAQ pairs.
Ally Bank vs Marcus by Goldman Sachs — Attribute Category Vocabulary
Taxonomy of attribute categories used to classify comparison data for Ally Bank vs Marcus by Goldman Sachs.
Which has a higher APY — Ally or Marcus by Goldman Sachs?
Both Ally and Marcus consistently offer some of the highest savings APYs available, and rates fluctuate closely together. Historically, Marcus has occasionally edged out Ally by 5-15 basis points on standard savings rates, but Ally frequently closes that gap. The practical difference in annual interest on a $20,000 balance at a 10 basis point spread is approximately $20/year — negligible for most savers. The more meaningful comparison is product breadth: Ally offers checking, CDs, investing, and auto loans in addition to savings; Marcus is primarily a savings and CD platform.
Yes. Marcus by Goldman Sachs is FDIC-insured up to $250,000 per depositor (or $500,000 for joint accounts), the same federal guarantee that applies to traditional banks. Goldman Sachs is one of the world's largest financial institutions with a multi-decade track record. The FDIC insurance means deposits are protected even in a bank failure scenario. Marcus launched in 2016 and has had no significant security incidents affecting depositor funds.
Yes — Ally Bank offers a full-featured Interest Checking Account with no monthly fees, unlimited ATM fee reimbursements (up to $10/month for out-of-network ATMs), and interest paid on balances. Ally's checking + savings combination makes it a viable primary banking relationship. Marcus by Goldman Sachs does not offer checking accounts; customers need a separate external checking account to fund their Marcus savings.
Ally's No Penalty CD is an 11-month certificate of deposit that allows full early withdrawal without penalty after the first 6 days of account opening. It offers a fixed APY (typically 4.00-4.75% depending on Fed rate environment) with the flexibility to exit without fee if rates rise. For savers who want rate certainty but are concerned about locking up funds, the No Penalty CD is one of Ally's strongest product differentiators versus Marcus and other competitors.
Has Goldman Sachs retreated from consumer banking?
Partially. Goldman Sachs has scaled back its broader consumer ambitions — exiting the Apple Card partnership transition to Apple's new banking setup, winding down its Marcus personal loan origination, and refocusing on its traditional institutional strengths. However, Marcus savings accounts and CDs remain core products that Goldman has maintained and invested in. The savings/CD product line is expected to continue; it's the broader retail banking expansion (credit cards, personal loans) that Goldman has pulled back from after significant losses.
Does Marcus by Goldman Sachs have a higher APY than Ally Bank in 2026?
Both Marcus and Ally offer competitive HYSA rates. As of 2026, both typically offer APYs above 4%, and Marcus has historically edged out Ally by a small margin. However rates change frequently with Federal Reserve policy — always check current rates directly on each bank's site since the gap is often under 0.10%.
Which is safer: Ally Bank or Marcus by Goldman Sachs?
Both are FDIC-insured up to $250,000 per depositor, making both equally safe for deposits up to that limit. Marcus is backed by Goldman Sachs, one of the world's largest investment banks, while Ally is one of the largest online-only banks in the US. Both have strong financial stability ratings.
Can I open both an Ally Bank and Marcus savings account?
Yes, you can hold accounts at both simultaneously. Many savers keep accounts at both to take advantage of whichever offers a higher HYSA rate at any given time. There is no restriction on having multiple online savings accounts across different banks.
Yes, Marcus by Goldman Sachs has a mobile app for iOS and Android. The Marcus app lets you transfer funds, view account balances, and manage your high-yield savings account. Ally Bank's app is also highly rated and includes additional features like mobile check deposit and a spending analysis dashboard.
How long does an ACH transfer take from Marcus or Ally?
Both Marcus and Ally typically process ACH transfers in 1-3 business days. Ally offers same-day transfers between Ally accounts and instant transfers from select debit cards. Marcus ACH transfers usually take 2-3 days. Neither offers instant wire transfers for standard savings accounts.
How to Choose Between Ally Bank and Marcus by Goldman Sachs
Banking Services: Ally Bank has Full-service bank with checking, savings, auto financing, and more, while Marcus by Goldman Sachs has Savings-focused platform (HYSA, CDs, personal loans).
Current APY Rate (HYSA): Ally Bank has 4.10% APY, while Marcus by Goldman Sachs has 4.35% APY.
Account Features: Ally Bank has Roundups, buckets, transfers, debit card included, while Marcus by Goldman Sachs has Basic savings tools, no debit card.
Mobile App Rating: Ally Bank has 4.6/5 stars (well-rated but feature-heavy), while Marcus by Goldman Sachs has 4.8/5 stars (clean, intuitive design).
Minimum Opening Deposit: Ally Bank has $0, while Marcus by Goldman Sachs has $0.
Monthly Fees: Ally Bank has $0, while Marcus by Goldman Sachs has $0.
Company Size: Ally Bank has $197.3B total assets, Top 25 financial holding company, while Marcus by Goldman Sachs has Goldman Sachs subsidiary, enterprise backing.
Customer Satisfaction: Ally Bank has 88% satisfaction rate, while Marcus by Goldman Sachs has High ratings for simplicity and customer service.
Ally Bank is better than Marcus by Goldman Sachs
Ally Bank is a full-service online bank with comprehensive banking features, competitive APY rates, and auto financing options, making it ideal for customers seeking an all-in-one banking solution. Marcus by Goldman Sachs is a specialized savings platform focused on high-yield savings accounts and C