Ally and SoFi are online-only banks that offer 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 contenders in the online banking market.
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This article provides a comprehensive comparison of Ally and SoFi, helping you decide which one is right for you.
Author's summary: Ally and SoFi offer competitive APYs and account options.