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CIT Bank vs Current

CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Current? 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 Current offers mobile-only banking for adults and teens. It offers cashback rewards, interest on savings, faster direct deposit, and fee-free overdrafts. There are no monthly fees and no minimums.

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

 CIT BankCurrent
 Visit SiteVisit Site
 

CIT Bank

Current

SPECIAL OFFER
CIT Bank Platinum Savings - Learn More

Read CIT Bank Review

SPECIAL OFFER
Current Savings with Interest - Up to 4% APY - Learn More

Read Current Review

 

Benefits and Features

SavingsPlatinum Savings: 4.40% APY on balances of $5,000 or more
Savings Connect: 4.20% APY
Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit
Up to 4.00% APY on your Savings Pod, on up to a total of $6,000
CDTerm CDs up to 4.65% APY. $1,000 minimum opening deposit. 
CheckingeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000Earn up to 15x points on purchases at participating merchants
Kids Debit Card 
Check
Money Market
1.55% APY
 
Customer Service
  • Monday - Friday: 9:00 am - 9:00 pm (ET)
  • Saturday: 10:00 am - 6:00 pm (ET)
  • Sunday: Closed
 
Minimum Deposit to Open 
$0
Mobile App 
iOS & Android
ATMs Free access to 40,000+ Allpoint ATMs
Locations
Online Only
 
Monthly Fee 
$0
 

CreditDonkey® Reviews

 CIT BankCurrent
SavingsStarStarStarStarStarStarStarStarStarEmpty Star
CheckingStarStarStarStarHalf StarStarStarStarStarStar
Money MarketStarStarStarStarHalf Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarStar
Minimum DepositStarStarStarStarStar
PriceStarStarStarStarStar
Ease of UseStarStarStarStarStar
EducationStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • High savings APY
  • No monthly fees
  • Low opening deposits
Cons:
  • No check writing
Pros:
  • High savings rate
  • Up to 15x cash back at 14k stores
  • Ability to deposit cash
Cons:
  • No web platform
  • Email-based support only
  • Requires direct deposit to earn the boosted APY
Bottom LineSolid online bank with excellent rates and no monthly fees... Read full reviewSimple, digital-only banking app with impressive APY and cashback... Read full review
 Visit SiteVisit Site

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 03/22/2023.

Current: Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC

CIT Bank
Member FDIC

CIT Bank Platinum Savings - 4.40% APY

  • 4.40% 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
Member FDIC

CIT Bank Savings Connect - 4.20% APY

  • Earn 12x the national average
  • $100 minimum opening deposit
  • No monthly maintenance fee
  • Member FDIC
CIT Bank
Member FDIC

CIT Bank Term CDs - Up to 4.65% APY

  • Up to 4.65% APY
  • $1,000 minimum opening deposit
  • No monthly maintenance fee
  • Member FDIC
TermCD Rates
6 Month4.15% APY
1 Year0.30% APY
13 Month4.65% APY
18 Month4.60% APY
2 Year0.40% APY
3 Year0.40% APY
4 Year0.50% APY
5 Year0.50% APY
Current

Current Savings with Interest - Up to 4% APY

  • 4.00% APY on up to $6,000 balance if you receive and maintain a qualifying direct deposit of $200 or more in a rolling 35 day period. (Otherwise, 0.25% APY.)
  • Simply add money to your Savings Pods and enable the Interest feature.
  • Earn interest on up to 3 Savings Pods, up to $2,000 balance each.
  • Interest accumulates daily.
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC
Current

Banking for Modern Life

  • Get Paid Up to 2 Days Faster
  • Fee-Free Overdraft up to $200 with Overdrive
  • 40,000 fee-free Allpoint ATMs in the U.S.
  • No minimum balance or hidden fees
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC
Current

Convenient Teen Account With Debit Card

  • Easy transfers, set spending limits, automate allowances
  • Age: 13 years and older
  • Fees: No monthly or annual fee
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC

Which is Better: CIT Bank or Current?

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 customer service are notable. In particular, the savings is outstanding. Current's mobile app is outstanding.


Articles on CIT Bank

CIT Bank Review

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 CD Rates

CIT Bank is a well-known online bank with high savings interest rates. Find out how CIT Bank's CD rates compares to other trustworthy banks.

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 Platinum Savings vs Savings Connect

CIT Platinum Savings is CIT Bank's newest savings account. It advertises a higher APY. Check out how it works and how it compares to Savings Connect.

CIT Bank Savings Connect vs Savings Builder

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.

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 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.

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.

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.

CIT Bank Login

Forgot your CIT Bank username? We'll show you how to login your online bank account.

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 Routing Number

Want to transfer money in or out of your CIT Bank account? Read this review to find your ABA routing number.

Articles on Current

Current Banking Review

Current offers banking features like savings, and debit card options — but is it legit? Find out the pros, cons, and how it compares to Chime.

Which Do You Think is Best?





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