CIT Bank vs BMO Harris Bank
CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to BMO Harris Bank? 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 BMO Harris Bank has 900 branches in the Midwest. Smart Advantage checking account has no fee and no minimum balance if you opt for eStatements. Savings need just $100 to open with easy ways to waive fees. Special Rate CDs require a $5,000 minimum opening deposit.
Compare CIT Bank with BMO Harris Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 |  | |
 | | |
CIT Bank | BMO Harris Bank | |
|---|---|---|
CIT Bank Platinum Savings - | BMO Harris Smart Advantage™ Account - $300 Cash Bonus - | |
Benefits and Features | ||
| Savings | Platinum Savings: 4.85% APY with a balance of $5,000 or more Savings Connect: 4.60% APY Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit | 0.01% APY. $5 reward every month you save $200 or more, for the first year. |
| CD | Term CDs up to 5.00% APY. $1,000 minimum opening deposit. | 0.05% - 5.10% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit. |
| Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 | Smart Advantage, Smart Money, Premier |
| Money Market | 1.00% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $10,000 minimum daily balance. | |
| Customer Service | Mon - Fri: 9 am - 9 pm ET Sat: 10 am - 6 pm ET Sunday: Closed | Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm |
| Mobile App | ||
| ATMs | No ATM fees from CIT Bank. Up to $30 in other banks' ATM fees reimbursed per month (for eChecking Account) | 40,000+ BMO Harris and Allpoint ATMs |
| IRA CD | 0.05% - 5.10% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit | |
| IRA Money Market | IRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee | |
| Locations | ||
CreditDonkey® Reviews | ||
| | |
| Savings |  |  |
| Checking |  | |
| Money Market | | |
| Customer Service | | |
| Mobile App | | |
| CD | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Solid online bank with excellent rates and no monthly fees... | Midwest bank with options for low and high-balance customers... |
| | |
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 05/09/2023. BMO Harris Bank: Pricing information from published website as of 4/18/2023 based on 91107 zip code. | ||
CIT Bank Platinum Savings - 4.85% APY
- 4.85% 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
CIT Bank Savings Connect - 4.60% APY
- Earn 11x the national average
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
CIT Bank Term CDs - Up to 5.00% APY
- Up to 5.00% APY
- $1,000 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
| Term | CD Rates |
|---|---|
| 6 Month | 5.00% APY |
| 1 Year | 0.30% APY |
| 13 Month | 4.65% APY |
| 18 Month | 4.60% APY |
| 2 Year | 0.40% APY |
| 3 Year | 0.40% APY |
| 4 Year | 0.50% APY |
| 5 Year | 0.50% APY |
BMO Harris Smart Advantage™ Account - $300 Cash Bonus
Open a new BMO Harris Smart Advantage™ Account online and get a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Conditions apply.
BMO Harris Smart Money™ Account - $300 Cash Bonus
Open a new BMO Harris Smart Money™ Account online and get a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Conditions apply.
BMO Harris Premier™ Account - $500 Cash Bonus
Open a new BMO Harris Premier™ Account and get a $500 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Conditions apply.
Which is Better: CIT Bank or BMO Harris 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 savings and money market are notable. In particular, the savings is outstanding.
Articles on CIT Bank
CIT Bank
CIT Bank CD Rates
Who is CIT Bank
CIT Bank Savings Connect vs Platinum Savings
CIT Bank Savings Connect vs Savings Builder
CIT Bank Complaints
CIT Bank Locations
CIT Platinum Savings
CIT Bank No Penalty CD Review
CIT Bank High Yield Savings Review
CIT Bank Money Market vs Savings Builder
What is CIT Bank
CIT Bank Login
CIT Bank Savings Builder Review
CIT Bank Routing Number
Articles on BMO Harris Bank
BMO Harris Bank Review
Is BMO Harris a Real Bank
