Ally and SoFi are online-only banks offering higher APYs than traditional banks, with no account fees or minimums.
SoFi leads with higher APYs, while Ally offers CD options, making them both strong choices.
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This is a comparison of two online banks, Ally and SoFi, to help you decide which one is right for you.
Author's summary: Ally and SoFi offer strong online banking options.