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CIT Bank vs Ally Bank
CIT 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 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 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 | |
|---|---|---|
Savings Builder High Yield Savings - 1.80% APY - | Online Savings Account - 1.60% APY - | |
Benefits and Features | ||
| Savings | Savings Builder up to 1.80% APY with $25,000+ balance or $100 monthly deposit. | |
| CD | Term CDs up to 1.85% APY. $1,000 minimum opening deposit. | 0.75% to 2.15% APY. Terms of 3 months to 5 years. 12-month CD APY of 2.00% |
| Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 | 0.10% APY under $15,000; 0.50% APY $15,000 or more |
| Money Market | ||
| Customer Service | Monday - Friday: 8:00 am - 9:00 pm (ET) Saturday: 9:00 am - 5:00 pm (ET) Sunday: 11:00 am - 4:00 pm (ET) | |
| 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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| 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: Pricing information from published website as of 10/1/2019 Ally Bank: Pricing information from published website as of 01/22/2020. | ||
Which is Better: CIT or Ally Bank?
Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing CIT or Chase.
In short: CIT's money market is impressive. Ally Bank's customer service is outstanding.
Articles on CIT Bank
CIT Bank Review
Want a high interest rate at a good FDIC insured bank? CIT is tempting, but has some downsides. Read this CIT Bank review before you open an account.
CIT Bank Savings Builder Review
If you can save just $100 per month, you can earn a high APY with CIT Bank Savings Builder. Find out if this bank is good for you.
CIT Bank CD Rates
CIT Bank is known for competitive interest rates on online savings products. How are their CD rates? Check out the current rates and how they compare below.
CIT Bank Promo Code
View list of latest CIT Bank online promotions. CIT Bank offers high yield online bank accounts with low minimum deposit requirements and minimal fees.
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? Read on to learn more.
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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