Ally Bank vs CIT Bank

	Ally Bank	CIT Bank
		Member FDIC
	Learn More	Visit Site
	SPECIAL OFFER Online Savings Account - 3.50% APY - Learn More Read Ally Bank Review	SPECIAL OFFER CIT Bank Platinum Savings - Learn More Read CIT Bank Review
	Benefits and Features
Savings	3.50% APY	Platinum Savings: 4.00% APY with a balance of $5,000 or more Savings Connect: 3.90% APY Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit
CD	2.90% to 3.90% APY. Terms of 3 months to 5 years. 12-month CD APY of 3.85%	Term CDs up to 3.50% APY. $1,000 minimum opening deposit.
Checking	0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000	eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000
Money Market	3.50% APY	1.55% APY
Mobile App	iOS & Android	iOS & Android
ATMs	75,000+ no-fee Allpoint and MoneyPass ATMs	No ATM fees from CIT Bank. Up to $30 in other banks' ATM fees reimbursed per month (for eChecking Account)
Customer Service	24/7	Mon - Fri: 9 am - 9 pm ET Sat: 10 am - 6 pm ET Sunday: Closed
Locations	Online only	Online Only
	CreditDonkey® Reviews

Savings
Checking
Money Market
Mobile App
Customer Service
Pros & Cons		Pros: High savings APY No monthly fees Low opening deposits Cons: No check writing
Bottom Line	Read full review	Solid online bank with excellent rates and no monthly fees... Read full review
	Learn More	Visit Site
	Online Savings Account - 3.50% APY Money Market - 3.50% APY Interest Checking	CIT Bank Platinum Savings CIT Bank Savings Connect CIT Bank Term CDs - Up to 3.50% APY
Ally Bank: Pricing information from published website as of 07/08/2025. CIT Bank: Pricing information and data points from published website as of 06/25/2025.

Member FDIC

CIT Bank Platinum Savings - 4.00% APY

Learn More

4.00% APY with a balance of $5,000 or more
0.25% APY with a balance of less than $5,000
$100 minimum opening deposit
No monthly maintenance fee
Member FDIC

Member FDIC

CIT Bank Savings Connect - 3.90% APY

Learn More

Earn 9x the national average
$100 minimum opening deposit
No monthly maintenance fee
Member FDIC

Member FDIC

CIT Bank No Penalty CD - 3.50% APY

Get Deal

3.50% APY
Option to withdraw full balance and interest after 7 days of CD funding date
$1,000 minimum to open an account
11 months
No monthly maintenance fee
Member FDIC

Articles on Ally Bank

Ally No Penalty CD

Ally Bank's No Penalty CD offers a competitive APY without early withdrawal penalties. Learn more about this CD here.

Ally Bank Locations

Ally is an excellent online bank with no physical locations. So, how can you access your funds? Read on to find out.

Ally Bank vs Wells Fargo

Ally High Yield Savings

Ally Savings offers a strong APY and various savings tools to help you boost your funds. Read on to find out more.

Ally Bank Problems

Ally Bank is well-known for having attractive APYs and practically no fees. But, what's the catch? Read on to know what nuisances you may encounter.

Ally Money Market vs Savings

Ally's Money Market and Savings accounts boast high APYs with no hidden fees. But, how do they differ? Read on to find out.

Ally Bank CD Rates

Ally Bank CD accounts offer high APYs and require no minimum deposit. But what is the catch? Learn more about Ally CD rates in this review.

Ally Bank Routing Number

Looking to transfer money in or out of your Ally account? You'll need the right routing number. Find your Ally routing number and learn more about money transfers in our guide.

Articles on CIT Bank

CIT Bank Money Market Review

CIT Bank offers a high interest rate. But how reliable is this online bank? Read this review to find out if what you heard is true.

CIT Bank CD Rates

CIT Bank is a well-known online bank with high savings interest rates. Find out how CIT Bank's CD rates compares to other trustworthy banks.

Who is CIT Bank

CIT Bank offers accounts with high interest rates and low fees. But just who is CIT Bank? And should you trust them with your money?

CIT Bank Platinum Savings vs Savings Connect

CIT Platinum Savings is CIT Bank's newest savings account. It advertises a higher APY. Check out how it compares to Savings Connect. Get a higher rate now.

CIT Bank Complaints

CIT Bank offers a high APY. But there are some downsides, too. Read on to learn more about CIT Bank common complaints and possible solutions.

CIT Bank Locations

CIT Bank is an online bank that offers a variety of savings products. Find out how to manage your account, reach customer service, and the bank's current offers.

CIT Platinum Savings

CIT Platinum Savings Account boasts a higher APY than its other savings accounts. But there's a catch. Read on to learn how to get the highest APY.

CIT Bank No Penalty CD Review

CIT Bank offers a CD account that has no penalty for early withdrawal. Read on to learn about the APY and any requirements or fees that come with it.

CIT Bank High Yield Savings Review

CIT Bank savings accounts offer some of the highest APYs with minimal requirements. Read on to learn how CIT can help you grow your money.

What is CIT Bank

In the modern world, there are some things you just don't have to do anymore. Like drawing water from a well. Or paying fees just to keep your bank account open.