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We might be compensated by one of our IRA partners for an account you open through our platform. This helps us keep the rollover 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 might receive no compensation in these situations—because it’s just the right thing to do!

Schwab vs Ally IRA Product Comparison

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Schwab Intelligent Portfolios is a great option if you want an automated IRA at Schwab, especially if you already have accounts there.

Consider Ally Invest Robo Portfolios if you want an automated IRA from a leading digital bank offering a range of other financial products (incl. bank accounts & mortgages).

Charles Schwab

Charles Schwab

Automated

Open an Account
Best if you want
An automated IRA at Schwab, especially if you already have accounts there.
Fees
0%
What they invest in
All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations
Schwab does not offer direct investments in cryptocurrency, though this won't be a limitation for most investors.
Human advisor available?
Yes, the Schwab's Premium Intelligent Portfolios offering; requires $25,000 minimum balance and costs $30 a month in addition to a $300 one time planning fee
Account Minimums
$5,000
Ease of Use
Star filledStar filledStar filledStar filledStar half
4.5 stars
Customer Support
Online, call center, and branches.
Additional Info

Read our full review

Learn more about Charles Schwab

Ally

Ally

Automated

Open an Account
Best if you want
An automated IRA from a leading digital bank offering a range of other financial products (incl. bank accounts & mortgages).
Fees
0%
What they invest in
All digital advisors create a diversified portfolio of ETFs (Exchange-traded funds) based on your risk tolerance and preferences.
Limitations
Ally's 0% fee only applies to the "Cash-Enhanced" portfolio which puts 30% of your assets into cash, which could impact your returns.
Human advisor available?
Not at this time, though you'll get access to Ally's call center support.
Account Minimums
$100
Ease of Use
Star filledStar filledStar filledStar half
3.5 stars
Customer Support
Mix of online and call center.
Additional Info

Read our full review

Learn more about Ally

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