CIT Bank vs Ally Bank
CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Ally Bank? Read our comparison chart below.
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.
While 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.
Compare CIT Bank with Ally Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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CIT Bank | Ally Bank | |
|---|---|---|
CIT Bank Money Market Account - | Online Savings Account - 0.75% APY - | |
Benefits and Features | ||
| Savings | Savings Builder up to 0.55% APY with $25,000+ balance or $100 monthly deposit. | |
| CD | Term CDs up to 0.50% APY. $1,000 minimum opening deposit. | 0.30% to 2.25% APY. Terms of 3 months to 5 years. 12-month CD APY of 1.25% |
| Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 | 0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000 |
| Money Market | ||
| Customer Service |
| |
| ATMs | Over 43,000 no-fee Allpoint ATMs | |
| Locations | ||
CreditDonkey® Reviews | ||
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| Savings |   |  |
| Checking | | |
| Money Market | | |
| Customer Service | | |
| Mobile App | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Solid online bank with excellent rates and no monthly fees... | Solid online bank with a great user-friendly website and customer service... |
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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: Pricing information and data points from published website as of 06/29/2021 Ally Bank: Pricing information from published website as of 05/27/2022. | ||
Money Market Account - Get a Year of Amazon Prime
To get your year of Amazon Prime ($139 cash value):
- Open a new Money Market account using promo code AMZN22.
- Fund your account with $15,000 within 15 days.
- Keep a minimum balance of $15,000 for 60 days.
CIT Bank Money Market Account - 0.70% APY
- 0.70% APY
- $100 minimum opening deposit
- No monthly maintenance fee
CIT Savings Builder - 0.55% APY
Earn up to 0.55% APY. Here's how it works: Maintain a minimum balance of $25k OR make at least a $100 minimum deposit every month. Member FDIC
Which is Better: CIT Bank or Ally Bank?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing CIT Bank or Chase.
In short: CIT Bank's money market is outstanding. Ally Bank's customer service is outstanding.
Articles on CIT Bank
CIT Bank Money Market Review
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 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 is trustworthy. But does CIT have the best CD rates right now? Find out how CIT Bank's interest rate compares.
CIT Bank Savings Builder vs Money Market
CIT Bank offers both money market and savings accounts. But which is better to keep your money safe? Find out how to choose between the two.
CIT Bank Savings Connect vs Savings Builder
CIT Bank has even more ways to save now. Savings Connect and Savings Builder both offer competitive rates. Find out the bank account that is best for you.
What is CIT Bank
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.
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.
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 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.
Which Do You Think is Best?
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