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CIT Bank vs PNC Bank

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

CIT Bank offers savings accounts and multiple CDs, including a no-penalty CD. It has no checking. Savings and Money Market account requires $100 minimum deposit, while term CDs require $1,000 minimum deposit. There are no monthly service fees.

While PNC Bank has 2,600 branches in 19 states mostly on the East. Checking accounts offer a unique Virtual Wallet feature with financial tools to help achieve goals. Account fees are easily waived by meeting account balance or direct deposit requirements.

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

 CIT Bank
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CIT Bank

PNC Bank

SPECIAL OFFER
Open a CIT Bank 2.30% APY Savings Builder High Yield Savings Account - Learn More

Read CIT Bank Review

SPECIAL OFFER
Virtual Wallet with Performance Select Checking - $300 Cash Bonus - Learn More

Read PNC Bank Review

 

Benefits and Features

SavingsSavings Builder up to 2.30% APY with $25,000 minimum balance or $100 monthly deposit. $100 minimum opening deposit.0.01% APY (0.05% APY - 0.10% APY Relationship rates) minimum deposit of $25. $5 monthly service charge unless you have 1) $300 monthly average monthly balance, or 2) if you are under 18 years old, or 3) set up an Auto Savings transfer of $25 or more each month from your PNC Checking account to your Savings account; 2.35% APY High Yield Savings. No minimum balance. No minimum deposit. $0 Monthly charge. Minimum balance to earn interest is $1.00.
CDTerm CDs up to 2.40% APY. $1,000 minimum opening deposit. No monthly maintenance fee.0.04% - 1.00% APY. Minimum deposit $1,000 - $10,000 (depending on account type and term). Terms range from 7 days to 10 years.
Money Market1.85% APY. $100 minimum deposit. No monthly maintenance fee.0.02% - 0.16% APY. Minimum deposit is $100. Maximum deposit is $10,000. Monthly service charge of $12 unless you have $5,000 average monthly balance.
Customer ServiceMonday - Friday: 8:00 am - 9:00 pm (ET)
Saturday: 9:00 am - 5:00 pm (ET)
Sunday: 11:00 am - 4:00 pm (ET)
Mon-Fri 7:00 am - 10:00 pm, (ET)
Sat & Sun 8:00 am - 5:00 pm (ET)
ATMs 
9000 ATMs across 19 states
IRA CD 0.04% - 1.00% APY. Minimum deposit $1,000 - $10,000 (depending on account type and term). Terms range from 7 days to 10 years.
Locations
Online Only
2,600 PNC branches across 19 states.
 

CreditDonkey® Reviews

 CIT Bank
Savings
Money Market
Customer Service
Mobile App
CD
Checking
Pros & ConsPros:
  • High APY
  • No minimum deposit for savings
  • No monthly service fees
Cons:
  • No checking accounts
  • No ATM card
Pros:
  • Virtual Wallet tools
  • Relatively easy to waive fees
  • Free student account
Cons:
  • Limited branches
  • Low APY
Bottom LineSolid online bank with excellent rates and no monthly fees... Read full reviewEast Coast bank with advanced financial tools to help achieve goals... Read full review
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What Others View

    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 from published website as of 07/17/2019

    PNC Bank: Pricing information from published website as of 08/22/2019 based on 19899 zip code.

    Which is Better: CIT Bank or PNC Bank?

    Still need help deciding which bank 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 money market are notable. In particular, the money market is outstanding.


    Articles on CIT Bank


    Articles on PNC Bank


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