Partnership Disclosure We might be compensated by one of our IRA partners for an account you open through our platform. This helps us keep the service free, but it never impacts the fees you’ll pay on your new account. We only win if you do, and our job is to help you simplify your retirement accounts. We also help people who already have an IRA account even though we receive no compensation in these situations—because it’s just the right thing to do!

Ally Invest IRA vs Merrill Edge IRA

Ally Invest is a great option if you want An easy-to-use trading account at a digital-first institution.

Consider Merrill Edge if you want A strong trading platform with great access to research and data, integrated with Bank of America.

Ally Invest IRA

Self-Directed

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Best if you wantAn easy-to-use trading account at a digital-first institution.
Fees0%
What they invest inStocks & ETFs, Mutual Funds, Options, Bonds
LimitationsAlly has some great tools for traders (charts and screeners) but a little less third-party research.
Human advisor available?
Account Minimums$0
Ease of Use4 stars
Customer SupportOnline and call center access.
Additional Info

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Learn more about Ally

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Merrill Edge IRA

Self-Directed

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Best if you wantA strong trading platform with great access to research and data, integrated with Bank of America.
Fees0%
What they invest inStocks & ETFs, Mutual Funds, Options, Bonds
LimitationsSome extra benefits (e.g. fee discounts) are reserved for Bank of America customers.
Human advisor available?
Account Minimums$0
Ease of Use2.5 stars
Customer SupportCall centers, online support, and Bank of America branches.
Additional Info

Read our full review

Learn more about Merrill Lynch

Open an Account

Compare Merrill Edge IRA to another IRA product

Ready to take control of your assets?

Capitalize helps you consolidate your old 401(k)s by rolling them into an IRA of your choosing. Use an existing IRA if you have one, or we’ll help you open one if you don’t.