First Citizens Bank vs CIT Bank

First Citizens Bank is a full-service bank with waivable fees and low APYs. How does it compare to CIT Bank? Read our comparison chart below.

First Citizens Bank is a full-service bank with over 500 branches in 23 states. It offers a basic Free Checking account with just $50 deposit. Plus, it has premium checking options, savings, loans, credit cards, and business accounts.

While 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.

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

	First Citizens Bank	CIT Bank
	Member FDIC	Member FDIC
	Learn More	Visit Site
	SPECIAL OFFER Online Savings - Learn More Read First Citizens Bank Review	SPECIAL OFFER CIT Bank Platinum Savings - Learn More Read CIT Bank Review
	Benefits and Features
Savings		Platinum Savings: 4.70% APY with a balance of $5,000 or more Savings Connect: 4.35% APY Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit
CD		Term CDs up to 3.50% APY. $1,000 minimum opening deposit.
Checking		eChecking: 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
ATMs		No ATM fees from CIT Bank. Up to $30 in other banks' ATM fees reimbursed per month (for eChecking Account)
Customer Service	Monday to Sunday 7:00AM - 11:00PM (ET)	Mon - Fri: 9 am - 9 pm ET Sat: 10 am - 6 pm ET Sunday: Closed
Locations	537 branches	Online Only
	CreditDonkey® Reviews

Savings
Checking
Mobile App
Customer Service
Money Market
Pros & Cons	Pros: Low opening deposit on some accounts Monthly fees can be waived Overdraft protection available Cons: Low APYs Only available in 23 states	Pros: High savings APY No monthly fees Low opening deposits Cons: No check writing
Bottom Line	Full-service bank with waivable fees and low APYs... Read full review	Solid online bank with excellent rates and no monthly fees... Read full review
	Learn More	Visit Site
	Online Savings Free Checking Savings Account - $25 Bonus	CIT Bank Platinum Savings CIT Bank Savings Connect CIT Bank Term CDs - Up to 3.50% APY
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. First Citizens Bank: Pricing information from published website as of 07/22/2024. CIT Bank: Pricing information and data points from published website as of 09/25/2024.

Member FDIC

CIT Bank Platinum Savings - 4.70% APY

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4.70% 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 - 4.35% APY

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

Member FDIC

CIT Bank Term CDs - Up to 3.50% APY

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Up to 3.50% APY
$1,000 minimum opening deposit
No monthly maintenance fee
Member FDIC

Term	CD Rates
6 Month	3.00% APY
1 Year	0.30% APY
13 Month	3.50% APY
18 Month	3.00% APY
2 Year	0.40% APY
3 Year	0.40% APY
4 Year	0.50% APY
5 Year	0.50% APY

Which is Better: First Citizens Bank or CIT Bank?

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

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

Articles on First Citizens Bank

First Citizens Bank Review

First Citizens Bank offers many account options with low opening deposits and fees. But there are downsides. Find out if First Citizens is a good bank for you.