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CIT Bank vs Axos Bank

CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Axos 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 Axos Bank offers a range of checking and savings products. Checking options includes a up-to 1% cashback account and rewards checking account with a higher interest rate. Savings options include savings accounts and CDs with higher-than-average rates. All accounts have no monthly service fees.

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

 CIT BankAxos Bank
 Visit SiteVisit Site
 

CIT Bank

Axos Bank

SPECIAL OFFER
CIT Bank Money Market Account - Learn More

Read CIT Bank Review

SPECIAL OFFER
Rewards Checking - Up to 1.25% APY - Learn More

Read Axos Bank Review

 

Benefits and Features

SavingsSavings Builder up to 0.70% APY with $25,000+ balance or $100 monthly deposit.0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)
CDTerm CDs up to 0.50% APY. $1,000 minimum opening deposit.0.20% APY. Terms of 3 months to 5 years. $1,000 minimum
CheckingeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000Rewards Checking: Up to 1.00% APY
Cashback Checking: Up to 1% cashback
Money Market
1.00% APY
0.25% APY
Customer Service
  • Monday - Friday: 9:00 am - 9:00 pm (ET)
  • Saturday: 10:00 am - 6:00 pm (ET)
  • Sunday: Closed
 
Locations
Online Only
 
 

CreditDonkey® Reviews

 CIT BankAxos Bank
SavingsStarStarStarStarHalf StarStarStarStarStarHalf Star
CheckingStarStarStarStarHalf StarStarStarStarStarStar
Money MarketStarStarStarStarStarStarStarStarStarHalf Star
Customer ServiceStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
CDStarStarStarEmpty StarEmpty Star
ATMsStarStarStarStarHalf Star
LocationsStarStarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • High yield
  • No monthly service fees
  • Low opening deposits
Cons:
  • No physical locations
  • No check writing
Pros:
  • Checking with rewards
  • No monthly fee
  • Domestic ATM rebates
Cons:
  • Low CD rates
  • No physical branches
Bottom LineSolid online bank with excellent rates and no monthly fees... Read full reviewFull-service online bank with excellent cashback and interest checking... Read full review
 Visit SiteVisit Site

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 06/30/2022

Axos Bank: Pricing information from published website as of 07/01/2020.

CIT Bank
Member FDIC

Money Market Account - Get a Year of Amazon Prime

Expires 9/23/2022
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.
After 60 days, if you've fulfilled the requirements, CIT will send you an email with your Prime membership code. Existing Amazon Prime members can use the one year of Amazon Prime to renew their membership for an additional year. Limit one Money Market promotion per account and per customer. Conditions apply. See advertiser website for details.
CIT Bank
Member FDIC

CIT Bank Money Market Account - 1.00% APY

  • 1.00% APY
  • $100 minimum opening deposit
  • No monthly maintenance fee
CIT Bank
Member FDIC

CIT Bank Savings Connect - 1.35% APY

  • Earn a competitive high yield savings rate with access and convenience features of an eChecking account.
  • Earn 1.35% APY on Savings Connect and up to 0.25% APY on eChecking.
  • Minimum of $100 for both the Savings Connect and eChecking to open ($200 total)
Axos Bank
Member FDIC

Rewards Checking - Up to 1.25% APY

  • $100 Promo with Code "RC100"
  • Up to 1.25% APY
  • Zero monthly maintenance fees
  • Zero overdraft or NSF fees
  • Zero minimum monthly balance reqs
  • Unlimited domestic ATM fee reimbursements
  • Zero Minimum Balance Requirement
  • Only $50 to open an account
Axos Bank
Member FDIC

High Yield Savings - Up to 0.61% APY

  • 0.61% APY on balance < $25,000
  • 0.25% APY on balance $25K-$100K
  • 0.15% APY on balance > $100K
  • No monthly maintenance fees
  • No minimum balance requirements
  • $250 minimum opening deposit
  • Free incoming wires
  • Zero minimum balance requirement
Axos Bank
Member FDIC

Essential Checking

  • Unlimited domestic ATM reimbursements
  • No monthly maintenance fees
  • No annual fee
  • No overdraft or non-sufficient funds fee

Which is Better: CIT Bank or Axos 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.


Articles on CIT Bank

CIT Bank CD Rates 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 Axos Bank

Is Axos Bank Safe and Legit

Is Axos Bank safe and legit? Find out if Axos is a good bank and learn more about its pros, cons, and common complaints.

Axos Bank Review

Axos Bank offers full-service banking completely online with no fees. Find out below whether they can replace your traditional bank account.

Which Do You Think is Best?





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