CIT Bank vs Capital One
CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Capital One? 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 Capital One offers competitive rates on their savings account. Their interest checking has several overdraft options in cases of accidental overdraw. There are no minimum deposits or service fees.
Compare CIT Bank with Capital One, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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CIT Bank | Capital One | |
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CIT Bank Money Market Account - | Personal Savings Account - $150 Bonus - | |
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. | 0.60% to 2.25% APY. Terms of 6 months to 5 years. 12-month CD APY of 1.30% |
Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 | |
Money Market | ||
Customer Service |
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ATMs | Over 40,000 no-fee Capital One & Allpoint ATMs | |
IRA CD | 0.60% to 2.25% APY. Terms of 6 months to 5 years. 12-month CD APY of 1.30%. | |
Locations | ||
CreditDonkey® Reviews | ||
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Savings | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Checking | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Money Market | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Pros & Cons | Pros:
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Bottom Line | Solid online bank with excellent rates and no monthly fees... | Good online bank with access to in-person support... |
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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 Capital One: Pricing information from published website as of 5/21/2022. |
Money Market Account - Get a Year of Amazon Prime
- 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 Capital One?
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 money market is outstanding.