CIT Bank vs Citibank

CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Citibank? 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 Citibank has 700 branches across the U.S. Accounts must be opened as a checking & savings package. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

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

	CIT Bank	Citibank


	SPECIAL OFFER CIT Savings Builder - Earn 1.25% APY - Learn More Read CIT Bank Review	SPECIAL OFFER Citigold Package - $1,500 Bonus - Learn More Read Citibank Review
	Benefits and Features
Savings	Savings Builder up to 1.25% APY with $25,000+ balance or $100 monthly deposit.	0.04% - 0.06% APY. No minimum deposit. $4.50 monthly fee unless you maintain an average monthly balance of $500.
CD	Term CDs up to 1.35% APY. $1,000 minimum opening deposit.	0.05% - 0.45% APY. Terms ranging from 3 months to 5 years. Minimum opening deposit is $1,000 in CA, and NV, $2,500 in MD, DC, VA, and FL, $500 in all other markets.
Checking	eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000
Money Market	1.30% APY	A.k.a 'Savings Plus' Account. 0.01% - 0.10% APY. Minimum opening deposit $100.
Customer Service	Monday - Friday: 9:00 am - 9:00 pm (ET) Saturday: 10:00 am - 6:00 pm (ET) Sunday: Closed	24/7 Live Customer Service (Telephone)
ATMs		2400 ATMs across the country. Citibank also works at all MoneyPass ATMs, which means access to over 60,000 no-fee ATMs.
IRA CD		Can convert an IRA to a regular CD account. 0.05% - 0.45% APY. Terms ranging from 3 months to 5 years. Minimum opening deposit is $1,000 in CA, and NV, $2,500 in MD, DC, VA, and FL, $500 in all other markets.
IRA Money Market		Can convert an IRA account to a regular Money Market account. 0.01% - 0.10% APY. Minimum opening deposit $100.
Locations	Online Only	700 Citibank branches across 13 states (mostly in California and New York)
	CreditDonkey® Reviews

Savings
Checking
Money Market
Customer Service
Mobile App
CD
Pros & Cons	Pros: High yield No monthly service fees Low opening deposits Cons: No physical locations No check writing	Pros: Perks for high balance customers Many fee-free ATMs Global presence Cons: No free checking option Higher balance requirements Low savings APY
Bottom Line	Solid online bank with excellent rates and no monthly fees... Read full review	Large national bank best for high balance customers... Read full review

	CIT Savings Builder - Earn 1.25% APY CIT Bank Money Market Account - 1.30% APY CIT Bank Term CDs	Citigold Package - $1,500 Bonus Citi Priority Package - $700 Bonus Citi Account Package - $400 Bonus
What Others View		Chase HSBC
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 from published website as of 05/14/2020 Citibank: Pricing information from published website as of 05/28/2020.

Which is Better: CIT Bank or Citibank?

Still need help deciding which bank 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 checking are notable.

Articles on CIT Bank

CIT Bank Review

CIT Bank offers a high interest rate. But is it safe? 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 has competitive interest rates on online savings accounts. But how do their CD rates compare? Find out below.

How to Open CIT Bank Application

Opening an account with CIT Bank is simple. Take a look at what you'll need and check out your account options in our guide.

Is CIT Bank Online Only

CIT Bank offers high interest rates and no monthly fees. But is this online bank legit? Find out the details here.

Is CIT Bank a Real Bank

CIT Bank offers online checking and savings with high interest rates and low fees. But is it safe? Find out before you sign up.

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 Citibank

Citibank Review

Citibank offers credit cards and banking services. But service fees and balance requirements are on the high side. Is it the right bank for you? Read this review to find out.

Citibank Routing Number

Looking to transfer money in or out of your Citibank checking or savings account? You'll need the right routing number. Find your Citibank routing number and learn about money transfers below.

Which Do You Think is Best?

Find Your Routing Number on a Check

Your routing number is the 9 digit code on the bottom of your check. Don't use the wrong number. Find the correct routing number for your bank.

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CIT Bank vs Citibank

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