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CIT Bank vs Citizens Bank

CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Citizens Bank? 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 Citizens Bank has over 1,100 branches on the East Coast. It offers a wide range of banking products and services, as well as financial tools to keep you on track. The GoalTrack Savings program offers gift card incentives for reaching your savings goals.

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

 CIT Bank
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CIT Bank

Citizens Bank

SPECIAL OFFER
CIT Bank Bonus Offer: $300 for New and Existing Customers - Learn More

Read CIT Bank Review

SPECIAL OFFER
Checking and Savings Account - $600 Bonus - Learn More

Read Citizens Bank Review

 

Benefits and Features

SavingsSavings Builder up to 1.75% APY with $25,000+ balance or $100 monthly deposit.Several types of Savings accounts. 0.01% - 0.07% APY. No minimum opening deposit. $4.99 monthly maintenance fee, unless you have a minimum daily balance of $200 in your account, or have a qualifying Citizens Bank checkings account.
CDTerm CDs up to 1.86% APY. $1,000 minimum opening deposit.Several types of CD accounts. Terms ranging from 11 - 24 months. 0.10% - 1.30% APY. Some APY rates may require qualifying Citizens Bank Checking Account. Minimum opening deposit $1000 for all accounts.
CheckingeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 
Money Market
1.80% APY
Several types of Money Market accounts. 0.01% - 0.10% APY. No minimum opening deposit. Monthly maintenance fee of $10, unless you have a minimum daily balance of $2500. Other Money Market accounts have no monthly maintenance fee but require qualifying Citizens Bank Checking Account.
Customer ServiceMonday - Friday: 9:00 am - 9:00 pm (ET)
Saturday: 10:00 am - 6:00 pm (ET)
Sunday: Closed
24/7 Telephone Customer Service
ATMs More than 3100 ATMs across 11 states.
IRA CD Terms ranging from 1 - 120 months. Minimum opening deposit $250. No monthly maintenance fee.
Locations
Online Only
More than 1100 branches across the country
 

CreditDonkey® Reviews

 CIT Bank
Savings
Checking
Money Market
Customer Service
Mobile App
CD
Pros & ConsPros:
  • High yield
  • No monthly service fees
  • Low opening deposits
Cons:
  • No physical locations
  • No check writing
Pros:
  • One Deposit Checking
  • GoalTrack Savings
  • 24/7 customer service
Cons:
  • Low APY
  • Heavy overdraft fees
  • Limited branches
Bottom LineSolid online bank with excellent rates and no monthly fees... Read full reviewEast Coast bank with solid deposit products to help meet goals... Read full review
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What Others View

    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 02/20/2020

    Citizens Bank: Pricing information from published website as of 03/28/2020 based on 10011 zip code.

    Which is Better: CIT Bank or Citizens Bank?

    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 money market and mobile app are notable. In particular, the money market is outstanding. Citizens Bank's customer service is impressive.


    Articles on CIT Bank


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