CIT Bank vs Acorns
CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Acorns? 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 Acorns is geared towards young investors who have trouble saving. This investment app automatically rounds up and invests your spare change whenever you make a purchase. The service fee starts at $3/month for accounts. There is no minimum to open.
Compare CIT Bank with Acorns, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
| |  Member FDIC |  |
| | Visit Site | Visit Site |
| SPECIAL OFFER
CIT Bank Platinum Savings - Learn MoreRead CIT Bank Review | SPECIAL OFFER
$20 Investment Bonus - Learn MoreRead Acorns Review |
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| | Benefits and Features |
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| Savings | Platinum Savings: 3.75% APY with a balance of $5,000 or more
Savings Connect: 3.65% APY
Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit | No |
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| Stock Trading | | Part of service fee. No add-on trading fees. |
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| Options Trading | | No |
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| CD | Term CDs up to 3.25% APY. $1,000 minimum opening deposit. | |
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| Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 | Yes |
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| Mutual Fund Trading | | No |
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| Money Market | 1.55% APY | |
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| Banking | | Included in Acorns Bronze ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide. |
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| Mobile App | iOS & Android | iOS & Android |
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| Locations | Online Only | No |
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| | CreditDonkey® Reviews |
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| Savings |  | |
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| Checking |  | |
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| Money Market | | |
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| Mobile App |  | |
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| Customer Service | | |
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| Annual Fee | | |
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| Minimum Deposit | | |
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| Ease of Use | | |
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| Pros & Cons | Pros:- High savings APY
- No monthly fees
- Low opening deposits
Cons: | Pros:- No minimum to open account
- Invest with spare change
- Cash-back program
Cons:- Fees are high for small balances
- No tax benefits
- Limited investment options
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| Bottom Line | Solid online bank with excellent rates and no monthly fees... Read full review | Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review |
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| | Visit Site | Visit Site |
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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. Acorns: Pricing information from published website as of 11/29/2024. |
Member FDIC
Expires 1/28/2026
- 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.
OverviewThe current main promotion for CIT Bank is the PS2025 promo code for new and existing customers who meet the Platinum Savings promotion criteria. To earn up to a $300 bonus, you must deposit new money (at least $25,000 for a $225 bonus or $50,000 for a $300 bonus) within 30 days of opening the account or enrolling your existing account.
The Promotion begins on September 23, 2025 and can end at any time without notice, with an expiration date of January 28, 2026 (though this is subject to change).
DisclosuresPlatinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance.
*APYs — Annual Percentage Yields are accurate as of November 20, 2025: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
For complete list of account details and fees, see our Personal Account disclosures.
Member FDIC
Expires 1/28/2026
- 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.
DisclosuresPlatinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance.
*APYs — Annual Percentage Yields are accurate as of November 20, 2025: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
For complete list of account details and fees, see our Personal Account disclosures.
Member FDIC
- 3.75% 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
DisclosuresPlatinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance.
*APYs — Annual Percentage Yields are accurate as of November 20, 2025: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
For complete list of account details and fees, see our Personal Account disclosures.
- Open an Acorns account (new users only)
- Set up the Recurring Investments feature
- Have your first investment be made successfully via the Recurring Investments feature
Which is Better: CIT Bank or Acorns?
In short: CIT Bank's customer service is notable.
Articles on CIT Bank
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 is a well-known online bank with high savings interest rates. Find out how CIT Bank's CD rates compares to other trustworthy banks.
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 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 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 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.
The current CIT Bank promo code is PS2025 , which lets eligible customers earn up to $300 bonus when opening a Platinum Savings account.
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 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 savings accounts offer some of the highest APYs with minimal requirements. Read on to learn how CIT can help you grow your money.
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.
Forgot your CIT Bank username? We'll show you how to login your online bank account.
Want to transfer money in or out of your CIT Bank account? Read this review to find your ABA routing number.
Articles on Acorns
Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.
Acorns is one of the best micro-investing apps out there. But is it for everyone? Read on to see some of your alternatives.
Acorns lets you invest spare change from every purchase. But is it safe to use? Learn just how secure the micro-investing app is.
Acorns "rounds up" everyday purchases and invests it for you. What's the catch? Read this review to find out how to make money using the app.
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