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CIT Bank vs Citibank

CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Citibank? Read our comparison chart below.

CIT Bank is an online division of First Citizens Bank. It's known for high interest rates on its savings accounts and CDs. In addition, it offers an eChecking account. All accounts have no monthly service fees.

While Citibank has over 700 branches across the United States. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

Compare CIT Bank with Citibank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 CIT Bank
Member FDIC
Member FDIC
 Visit SiteLearn More
 

CIT Bank

Citibank

SPECIAL OFFER
CIT Bank Platinum Savings - Learn More

Read CIT Bank Review

OFFER
Checking with Enhanced Direct Deposit - $300 Cash Bonus

Read Citibank Review

 

Benefits and Features

SavingsPlatinum Savings: 5.00% APY with a balance of $5,000 or more
Savings Connect: 4.65% APY
Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit
  • CitiĀ® Accelerate High-Yield Savings: Available in AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois.
  • CitiĀ® Savings: Available in CA, CT, DC, MD, NV, NJ, NY, VA, and select markets in Florida and Illinois.
CDTerm CDs up to 3.50% APY. $1,000 minimum opening deposit.
Check
CheckingeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000
Check
Money Market
1.55% APY
Check
Mobile App
iOS & Android
 
ATMsNo ATM fees from CIT Bank. Up to $30 in other banks' ATM fees reimbursed per month (for eChecking Account)More than 70,000 fee-free ATMs at Citi branches and participating retail locations nationwide, including Target, CVS Pharmacy, Rite aid, Walgreens, Duane Reade and ATMs displaying Allpoint or MoneyPass logo.
Customer ServiceMon - Fri: 9 am - 9 pm ET
Sat: 10 am - 6 pm ET
Sunday: Closed
24/7 Live Customer Service (Telephone)
IRA CD 
Check
IRA Money Market 
Check
Locations
Online Only
645 retail bank branches concentrated in the six key metropolitan areas of New York, Chicago, Los Angeles, San Francisco, Miami, and Washington, D.C.
 

CreditDonkey® Reviews

 CIT Bank
SavingsStarStarStarStarStarStarStarStarEmpty StarEmpty Star
CheckingStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
Money MarketStarStarStarStarHalf Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarHalf Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
CDStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • High savings APY
  • No monthly fees
  • Low opening deposits
Cons:
  • No check writing
Pros:
  • Perks for high balance customers
  • Many fee-free ATMs
  • Global presence
Cons:
  • No free checking option
  • Higher balance requirements
  • Low savings APY
Bottom LineSolid online bank with excellent rates and no monthly fees... Read full reviewLarge national bank best for high balance customers... Read full review
 Visit SiteLearn More

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    CIT Bank: Pricing information and data points from published website as of 05/14/2024.

    Citibank: Pricing information from published website as of 04/26/2024. This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

    CIT Bank
    Member FDIC

    CIT Bank Platinum Savings - 5.00% APY

    • 5.00% 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
    CIT Bank
    Member FDIC

    CIT Bank Savings Connect - 4.65% APY

    • Earn 11x the national average
    • $100 minimum opening deposit
    • No monthly maintenance fee
    • Member FDIC
    CIT Bank
    Member FDIC

    CIT Bank No Penalty CD - 3.50% APY

    • 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

    Which is Better: CIT Bank or Citibank?

    Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing CIT Bank or Chase.

    In short: CIT Bank's savings and checking are notable. In particular, the savings is outstanding.


    Articles on CIT Bank

    CIT Bank

    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 works and how it compares to Savings Connect.

    CIT Bank Savings Builder vs Savings Connect

    CIT Bank has even more ways to save now. Savings Connect and Savings Builder both offer competitive rates. Find out the bank account that is best for you.

    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 Review

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

    CIT Bank No Penalty CD

    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.

    CIT Bank Savings Builder vs Money Market

    CIT Bank offers both money market and savings accounts. But which is better to keep your money safe? Find out how to choose between the two.

    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.

    CIT Bank Login

    Forgot your CIT Bank username? We'll show you how to login your online bank account.

    CIT Bank Savings Builder

    If you can save $100 per month, you can earn a high interest rate with CIT Bank Savings Builder. Find out if this bank is any good.

    CIT Bank Routing Number

    Want to transfer money in or out of your CIT Bank account? Read this review to find your ABA routing number.

    Articles on Citibank

    Citibank Review

    Citibank offers banking services and credit cards. But service fees and balance requirements are on the high side. Is it the right bank for you?

    Open Citibank Account

    Opening a Citi bank account is easy. Take a look at what you'll need, plus find out how to earn a bonus

    Citi Savings Account Interest Rate

    Citibank boasts two savings accounts with varying rates and low fees. But which one should you open? Read on for all the details.

    Citibank Accelerate Savings

    Citi now offers high-yield savings with one of the best interest rate. But it's only available in select markets. Read this review to see if it's good for you.

    Citibank Routing Number

    Looking to transfer money in or out of your Citibank checking or savings account? Find your Citibank routing number and learn about money transfers below.

    Which Do You Think is Best?


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