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Ally Bank vs CIT Bank

Ally Bank is a solid online bank with a great user-friendly website and customer service. How does it compare to CIT Bank? Read our comparison chart below.

Ally Bank offers high interest on their Savings account. It also offers interest checking and multiple CD options, including No Penalty and Raise Your Rate CDs. There is no minimum deposits or service fees for any of their banking products.

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

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

 Ally BankCIT Bank
 Learn MoreVisit Site
 

Ally Bank

CIT Bank

SPECIAL OFFER
Online Savings Account - 1.10% APY - Learn More

Read Ally Bank Review

SPECIAL OFFER
CIT Savings Builder - Earn 0.95% APY - Learn More

Read CIT Bank Review

 

Benefits and Features

Savings
1.00% APY
Savings Builder up to 0.95% APY with $25,000+ balance or $100 monthly deposit.
CD0.50% to 1.15% APY. Terms of 3 months to 5 years. 12-month CD APY of 1.00%Term CDs up to 1.05% APY. $1,000 minimum opening deposit.
Checking0.10% APY under $15,000; 0.50% APY $15,000 or moreeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000
Money Market
0.50% APY
1.00% APY
Customer Service
24/7
Monday - Friday: 9:00 am - 9:00 pm (ET)
Saturday: 10:00 am - 6:00 pm (ET)
Sunday: Closed
ATMsOver 43,000 no-fee Allpoint ATMs 
Locations
Online Only
Online Only
 

CreditDonkey® Reviews

 Ally BankCIT Bank
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • CD options
  • No account minimums
  • Good customer service
Cons:
  • Low Checking APY for lower balance customers
Pros:
  • High yield
  • No monthly service fees
  • Low opening deposits
Cons:
  • No physical locations
  • No check writing
Bottom LineSolid online bank with a great user-friendly website and customer service... Read full reviewSolid online bank with excellent rates and no monthly fees... Read full review
 Learn MoreVisit Site
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.

    Ally Bank: Pricing information from published website as of 07/8/2020.

    CIT Bank: Pricing information from published website as of 06/03/2020

    Which is Better: Ally Bank or CIT Bank?

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

    In short: Ally Bank's customer service is outstanding. CIT Bank's money market is outstanding.


    Articles on Ally Bank


    Articles on CIT Bank


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