CIT Bank vs Copper
CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Copper? Read our comparison chart below.
CIT Bank is an online division of First Citizens Bank. It's known for high interest rates on its savings accounts and CDs. In addition, it offers an eChecking account. All accounts have no monthly service fees.
While Copper offers banking and investing for kids 6-18. Features include debit cards for up to 5 kids, up to 5% savings rewards, and automatically managed portfolios. Starts from $4.95 per month.
Compare CIT Bank with Copper, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Visit Site | Learn More | |
CIT Bank | Copper | |
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CIT Bank Platinum Savings - | Teen Banking - | |
Benefits and Features | ||
Savings | Platinum Savings: 5.05% APY with a balance of $5,000 or more Savings Connect: 4.65% APY Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit | Create savings goals; 2% savings rewards for Copper Basic Plan, 5% savings rewards for Copper Pro Plan on Savings Balances up to $5,000 per family. |
CD | Term CDs up to 3.50% APY. $1,000 minimum opening deposit. | |
Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 | |
Monthly Fee | Copper Basic Plan: $4.95 per month Copper Pro Plan: $7.95 per month | |
Kids Debit Card | ||
Money Market | ||
Minimum Deposit to Open | ||
Mobile App | ||
ATMs | No ATM fees from CIT Bank. Up to $30 in other banks' ATM fees reimbursed per month (for eChecking Account) | Free access to 55,000+ Allpoint ATMs |
Customer Service | Mon - Fri: 9 am - 9 pm ET Sat: 10 am - 6 pm ET Sunday: Closed | |
Locations | ||
CreditDonkey® Reviews | ||
Savings | ||
Checking | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
Minimum Deposit | ||
Price | ||
Ease of Use | ||
Education | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Solid online bank with excellent rates and no monthly fees... | Teaches kids and teens responsible saving, spending, and investing... |
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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 04/09/2024. Copper: Pricing information from published website as of 05/01/2022 |
CIT Bank Platinum Savings - 5.05% APY
- 5.05% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
CIT Bank Savings Connect - 4.65% APY
- Earn 11x the national average
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
CIT Bank No Penalty CD - 3.50% APY
- 3.50% APY
- Option to withdraw full balance and interest after 7 days of CD funding date
- $1,000 minimum to open an account
- 11 months
- No monthly maintenance fee
- Member FDIC
Which is Better: CIT Bank or Copper?
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, checking, and customer service are notable. In particular, the savings is outstanding.