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CIT Bank vs Discover Bank

CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Discover Bank? 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 Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms. There are no service fees.

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

 CIT Bank
Member FDIC
Discover Bank
Member FDIC
 Visit SiteVisit Site
 

CIT Bank

Discover Bank

SPECIAL OFFER
CIT Bank Platinum Savings - Learn More

Read CIT Bank Review

SPECIAL OFFER
Online Savings Account - Earn 3.40% APY - Learn More

Read Discover Bank Review

 

Benefits and Features

SavingsPlatinum Savings: 3.85% APY with a balance of $5,000 or more
Savings Connect: 3.75% APY
Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit
3.40% APY
CDTerm CDs up to 3.35% APY. $1,000 minimum opening deposit.2.00% to 4.00% APY depending on terms
CheckingeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 
Money Market
1.55% APY
 
Mobile App
iOS & Android
iOS & Android
ATMsNo ATM fees from CIT Bank. Up to $30 in other banks' ATM fees reimbursed per month (for eChecking Account)
Over 60,000 no-fee ATMs
Customer ServiceMon - Fri: 9 am - 9 pm ET
Sat: 10 am - 6 pm ET
Sunday: Closed
24/7
Locations
Online Only
Online Only
 

CreditDonkey® Reviews

 CIT BankDiscover Bank
SavingsStarStarStarStarStarStarStarStarStarHalf Star
CheckingStarStarStarStarHalf StarStarStarStarStarEmpty Star
Money MarketStarStarStarStarHalf StarStarStarStarStarHalf Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarStar
Pros & ConsPros:
  • High savings APY
  • No monthly fees
  • Low opening deposits
Cons:
  • No check writing
Pros:
  • High yield
  • No fees
  • 24/7 customer service
Bottom LineSolid online bank with excellent rates and no monthly fees... Read full reviewSolid online bank with high APY rates and good customer service... Read full review
 Visit SiteVisit Site

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: For complete list of account details and fees, see our Personal Account disclosures.

Discover Bank: Pricing information and data points from published website as of 09/30/2025.

CIT Bank
Member FDIC

CIT Bank Platinum Savings - $300 Bonus

Expires 12/8/2025
  • Qualify for a $300 cash bonus with a minimum deposit of $50,000
  • This limited-time offer to qualify for a $225 cash bonus with a minimum deposit of $25,000 or a $300 bonus with a minimum deposit of $50,000 is available to New and Existing Customers who meet the Platinum Savings promotion criteria. The Promotion begins on September 23, 2025, and can end at any time without notice.
Disclosures
CIT Bank
Member FDIC

CIT Bank Platinum Savings - $225 Bonus

Expires 12/8/2025
  • Qualify for a $225 cash bonus with a minimum deposit of $25,000
  • This limited-time offer to qualify for a $225 cash bonus with a minimum deposit of $25,000 or a $300 bonus with a minimum deposit of $50,000 is available to New and Existing Customers who meet the Platinum Savings promotion criteria. The Promotion begins on September 23, 2025, and can end at any time without notice.
Disclosures
CIT Bank
Member FDIC

CIT Bank Platinum Savings - 3.85% APY

  • 3.85% 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
Disclosures
Discover Bank
Member FDIC

Online Savings Account - Earn 3.40% APY

  • No fees
  • No minimum opening deposit
  • No minimum balance required
Discover Bank
Member FDIC

Certificate of Deposit

  • 3.50% APY for 6-month term
  • 4.00% APY for 12-month term
  • 3.80% APY for 18-month term
  • 3.60% APY for 24-month term
  • 3.60% APY for 36-month term
  • 3.60% APY for 5-year term
Discover Bank
Member FDIC

Discover® CD Rates

  • No minimum opening deposit required
  • No fees
  • FDIC insured

Term CD Rates
3 Months 2.00% APY
6 Months 3.50% APY
9 Months 3.50% APY
1 Year 4.00% APY
1.5 Years 3.80% APY
2 Years 3.60% APY
2.5 Years 3.60% APY
3 Years 3.60% APY
4 Years 3.60% APY
5 Years 3.60% APY
7 Years 3.50% APY
10 Years 3.50% APY

Which is Better: CIT Bank or Discover Bank?

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 UFB Direct.

In short: Discover Bank's mobile app and customer service are outstanding.


Articles on CIT Bank

CIT Bank Savings 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 Savings Connect vs Platinum Savings

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 Review

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

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.

CIT Bank Login

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

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 Discover Bank

Discover Savings Review

Discover® Bank offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what you need to know before you open an account.

Discover Savings Account Review

Make your money work with Discover® Bank high yield savings: high interest, no fees. Find out its benefits, drawbacks, and the easy way to open an account.

Discover CD Review

Maximize returns with Discover® Bank lucrative CD rates - no hidden fees. Read this detailed review.

Discover Bank Locations

Wondering if there is a Discover® Bank near you? Read this article to find out.

Who Owns Discover

You've probably heard of Discover credit cards, but what exactly is Discover® Bank? Is it a legitimate bank? Read on for all the details.

Is Discover a Real Bank

Looking for a safe bank with great rates? This analysis of Discover® Bank reveals all - is it legit? Find out now.

Is Discover Savings Worth It

Is your money secure in a high-yield Discover® savings account? Get your answers now.

Which Do You Think is Best?


Which Bank Account is Right for You?


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