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CIT Bank vs Chime
CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Chime? Read our comparison chart below.
Savings Builder up to 0.70% APY with $25,000+ balance or $100 monthly deposit.
0.50% Annual Percentage Yield (APY).
The Annual Percentage Yield ("APY") for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of November 1, 2021. No minimum balance required. Must have $0.01 in savings to earn interest.
CD
Term CDs up to 0.50% APY. $1,000 minimum opening deposit.
Checking
eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000
No monthly service fee; no minimum balance; no overdraft fees; no foreign transaction fees
Money Market
1.00% APY
Customer Service
Monday - Friday: 9:00 am - 9:00 pm (ET)
Saturday: 10:00 am - 6:00 pm (ET)
Sunday: Closed
24/7
Minimum Deposit to Open
$0
Mobile App
iOS & Android
ATMs
Over 60,000 fee-free MoneyPass, Allpoint, and Visa Plus Alliance ATMs
Locations
Online Only
Online only
Monthly Fee
$0
CreditDonkey® Reviews
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & Cons
Pros:
High yield
No monthly service fees
Low opening deposits
Cons:
No physical locations
No check writing
Pros:
No account fees
Get paycheck 2 days early
Up to $200 overdraft coverage
Cons:
Hard to deposit cash
Bottom Line
Solid online bank with excellent rates and no monthly fees... Read full review
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CIT Bank: Pricing information and data points from published website as of 06/30/2022
Chime: Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, N.A.; Members FDIC.
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.
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)
Which is Better: CIT Bank or Chime?
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.
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.
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.