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 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.
CD	0.50% 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.
Checking	0.10% APY under $15,000; 0.50% APY $15,000 or more	eChecking: 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
ATMs	Over 43,000 no-fee Allpoint ATMs
Locations	Online Only	Online Only
	CreditDonkey® Reviews
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & Cons	Pros: 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 Line	Solid online bank with a great user-friendly website and customer service... Read full review	Solid online bank with excellent rates and no monthly fees... Read full review
	Online Savings Account - 1.10% APY Interest Checking Money Market	CIT Savings Builder - Earn 0.95% APY CIT Bank Money Market Account - 1.00% APY CIT Bank Term CDs
What Others View	Discover Bank Chase Axos Bank
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

Ally Bank Review
Ally Bank offers good interest rates and no account minimums. But is this popular online bank good for you? Learn the benefits (and drawbacks) here.
• Ally Bank vs Discover Bank
• Ally Bank vs Marcus
• Ally Bank vs Capital One
Ally Bank Routing Number
Looking to transfer money in or out of your Ally account? You'll need the right routing number. Find your Ally routing number and learn more about money transfers in our guide.
• Ally Bank vs Wealthfront
• Ally Bank vs Bank of America
• Ally Bank vs Chase

Articles on CIT Bank

CIT Bank Review
CIT Bank offers a high interest rate. But is it safe? Read this review to find out if what you heard is true.
• CIT Bank vs Citibank
• CIT Bank vs Synchrony Bank
CIT Bank Savings Builder Review
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 CD Rates
CIT Bank has competitive interest rates on online savings accounts. But how do their CD rates compare? Find out below.
How to Open CIT Bank Application
Opening an account with CIT Bank is simple. Take a look at what you'll need and check out your account options in our guide.
Is CIT Bank Online Only
CIT Bank offers high interest rates and no monthly fees. But is this online bank legit? Find out the details here.
Is CIT Bank a Real Bank
CIT Bank offers online checking and savings with high interest rates and low fees. But is it safe? Find out before you sign up.
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 Login
Forgot your CIT Bank username? We'll show you how to login your online bank account.
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 Routing Number
Want to transfer money in or out of your CIT Bank account? Read this review to find your ABA routing number.
CIT Bank Locations
CIT Bank is an online only bank with no physical branches. Find out how to manage your account, reach customer service, and the bank's current offers.

Which Do You Think is Best?

You Might Also Like

Are Online Savings Account a Good Idea?
Online savings accounts offer higher interest rates. But is it safe? Take a look at the risks before you switch.

How to Deposit Cash to Online Bank
Online-only banks can be a great way to boost your savings. But depositing cash can be a challenge. Learn several ways to deposit your money in this guide.

Find Your Routing Number on a Check
Your routing number is the 9 digit code on the bottom of your check. Don't use the wrong number. Find the correct routing number for your bank.

Best High Yield Savings Accounts
Make your money work harder for you in a high-yield savings account. Here are the top savings accounts to grow your money.

Best Online Bank
Online banks are convenient, pay higher interest rates, and have less fees. Find out which accounts are best (#1 surprised us).

Marcus by Goldman Sachs Review
Marcus by Goldman Sachs offers savings accounts and CDs at high interest rates. But don't expect accounts with a lot of bells and whistles. Read on for the pros and cons.

Money Market vs Savings
Savings and money market accounts are both FDIC insured bank accounts. So what's the difference? Learn the pros and cons and find out which is best for you.


HSBC Bank Review: Is It Good?
HSBC Bank offers a full array of services for different needs, including a high-yield online savings and several checking options. But there are downsides. Read on for the pros and cons.

How to Choose a Bank
Here's how to find the best bank that is right for you. Learn what to look for in an account.

Capital One 360 Review: Pros and Cons
Capital One 360 checking and savings accounts are free to open and offer higher-than-average APY rates. Does this popular web bank live up to its claims? Find out if it's right for you.

Compare Ally Bank to:

You might also be interested in

Related: Bank

	Chase Total Checking Bonus Need a new checking account? You can get $200 from Chase Bank for signing up for a Total Checking account with direct deposit. Here's how to do it.

Compare CIT Bank to: