Save money and be informed. CreditDonkey is a bank comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

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 over 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 BankCitibank
 Visit SiteLearn More
 

CIT Bank

Citibank

SPECIAL OFFER
CIT Bank Money Market Account - Learn More

Read CIT Bank Review

OFFER
Citi Priority Account - Up to $1,500 Cash Bonus

Read Citibank Review

 

Benefits and Features

SavingsSavings Builder up to 0.70% APY with $25,000+ balance or $100 monthly deposit.CitiĀ® Accelerate High-Yield Savings available in AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois.
CDTerm CDs up to 0.50% APY. $1,000 minimum opening deposit.
Check
CheckingeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000Citi Priority Account: 0.01% Annual Percentage Yield
Money Market
1.00% APY
Check
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 More than 65,000 fee-free ATMs at Citibank branches and participating retail locations nationwide, including Target, CVS Pharmacy, Rite aid, Walgreens, Duane Reade and ATMs displaying Allpoint or MoneyPass logo.
IRA CD 
Check
IRA Money Market 
Check
Locations
Online Only
More than 700 Citibank branches (concentrated in New York, Chicago, Los Angeles, San Francisco, Washington DC and Miami)
 

CreditDonkey® Reviews

 CIT BankCitibank
SavingsStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
CheckingStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
Money MarketStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
CDStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • 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 LineSolid online bank with excellent rates and no monthly fees... Read full reviewLarge national bank best for high balance customers... Read full review
 Visit SiteLearn More

    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

    Citibank: Pricing information from published website as of 09/15/2021. This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

    Citibank: This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

    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)
    Citibank

    Citi Priority Account - Up to $1,500 Cash Bonus

    Expires 7/17/2022
    • Earn up to $1,500 cash bonus when you open a new account with required activities
    • Open a new eligible checking account in the Citi Priority Account during the offer period 1/5/22-7/17/22
    • Within 20 days of opening, deposit $50,000 in New-To Citibank funds between the new checking and savings accounts
    • Maintain a minimum balance of $50,000 in the checking account for an additional 60 consecutive calendar days from the 21st day
    • After all required activities are met, the cash bonus will be deposited to your account within 90 calendar days

    Which is Better: CIT Bank or Citibank?

    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 checking are notable.


    Articles on CIT Bank

    CIT Bank

    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

    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 Builder vs Savings Connect

    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 Citibank

    Citibank Review

    Citibank, a CreditDonkey partner, offers banking services and credit cards. But service fees and balance requirements are on the high side. Is it the right bank for you?

    Open Citibank Account

    Opening a Citibank account is easy. Take a look at what you'll need, plus find out how to earn up to $1,500 bonus.

    Citi Priority Account

    Earn up to $1,500 for opening a Citi Priority Account with required activities. Find out how to take advantage of the huge cash bonus.

    Citibank Accelerate Savings

    Citi now offers high-yield savings with one of the best interest rate. But it's only available in select markets. Read this review to see if it's good for you.

    Citibank Routing Number

    Looking to transfer money in or out of your Citibank checking or savings account? Find your Citibank routing number and learn about money transfers below.

    Which Do You Think is Best?





    You Might Also Like

    3 Types of Savings Accounts

    3 Types of Savings Accounts

    Grow your money with a savings account. There are several account types depending on your needs. Learn about the different savings options.
    Best Free Checking Accounts

    Best Free Checking Accounts

    Banking doesn't have to be expensive. Here is a list of good free checking accounts without outrageous fees or high balance requirements.
    Find Your Routing Number on a Check

    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.
    Wells Fargo Bank Review:  Account Good for You?

    Wells Fargo Bank Review: Account Good for You?

    Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options.
    How to Choose a Bank: Beginner's Guide

    How to Choose a Bank: Beginner's Guide

    Can't decide what bank to use? Here are tips for choosing a new bank that's right for your needs.

    Next Page:

    About CreditDonkey
    CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

    Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

    †Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

    *See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

    CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

    About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
    (888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
    © 2022 CreditDonkey Inc. All Rights Reserved.