CIT Bank vs Discover Bank
CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Discover 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 Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms and have a minimum deposit of $2,500. In addition, Discover offers checkback checking. There are no service fees.
Compare CIT Bank with Discover Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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CIT Bank | Discover Bank | |
|---|---|---|
CIT Bank Bonus Offer: $300 for New and Existing Customers - | Discover Online Savings - $200 Cash Bonus - | |
Benefits and Features | ||
| Savings | Savings Builder up to 1.75% APY with $25,000+ balance or $100 monthly deposit. | |
| CD | Term CDs up to 1.86% APY. $1,000 minimum opening deposit. | 0.35% to 1.80% APY. Terms of 3 months to 10 years. 12-month CD APY of 1.75%. Minimum deposit of $2,500 to open. |
| Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 | Earn 1% cashback on up to $3,000 in debit card purchases each month |
| Money Market | 1.35% APY under $100,000; 1.40% APY $100,000 or more. $2,500 minimum deposit. | |
| Customer Service | Monday - Friday: 9:00 am - 9:00 pm (ET) Saturday: 10:00 am - 6:00 pm (ET) Sunday: Closed | |
| ATMs | ||
| IRA CD | 12-month CD APY of 1.75%. 24-month CD APY of 1.75%. 5-year CD APY of 1.80%. | |
| Locations | ||
CreditDonkey® Reviews | ||
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| Savings |   | |
| Checking | | |
| Money Market | | |
| Customer Service |  | |
| Mobile App | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Solid online bank with excellent rates and no monthly fees... | Solid online bank with high APY rates and good customer service... |
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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 Discover Bank: Pricing information from published website as of 3/12/2020 | ||
Which is Better: CIT Bank or Discover 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: Discover Bank's customer service is outstanding.
Articles on CIT Bank
CIT Bank Review
Want a high interest rate at a good FDIC insured bank? CIT is tempting, but has some downsides. Read this CIT Bank review before you open an account.
CIT Bank Savings Builder Review
If you can save just $100 per month, you can earn a high APY with CIT Bank Savings Builder. Find out if this bank is good for you.
CIT Bank CD Rates
CIT Bank is known for competitive interest rates on online savings products. How are their CD rates? Check out the current rates and how they compare below.
CIT Bank Promo Code
Get $150 cash bonus with $25k deposit or $300 cash bonus with $50k deposit. You must use the promo code to get this deal. CIT Bank promotion is open to new AND existing customers. Limited time offer expires 5/30/2020.
CIT Bank Reviews
If you're storing your cash in a low-interest account, you're giving away free money. Worse, with fees, you could be losing money. Instead, consider an online bank with high interest and no fees.
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.
CIT Bank Savings Bonus
Does your money sit untouched in a low interest savings account? If so, maximizing your earnings can difficult. But don't worry—plenty of banks provide a solid APY with exciting new bonus offers.
CIT Bank Savings Builder Bonus
You can get up to $300 as a bonus from CIT Bank, whether you're a new or current customer. Keep reading to find out how to grab that bonus before it's gone.
Is CIT Bank Online Only
CIT Bank is an online-only bank with no physical branches. It offers checking and savings accounts with high rates and no monthly fees. Read on to find out how to manage your account and reach customer service.
CIT Bank Promotions
Established in 2000, CIT Bank has become a major player in the online banking industry. Because CIT has no physical branches to operate, they can offer customers attractive yields on deposit accounts while charging little to no fees.
Is CIT Bank a Real Bank
CIT Bank offers online checking and savings at high interest rates and low fees. Can it be trusted to keep your money safe? Read on for everything you need to know.
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 Discover Bank
Discover Bank
Discover offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what you need to know before you open an account.
Discover Savings Bonus
Discover Bank now has a bonus promo for opening your first savings account, plus a % APY and no fees. Find out how to qualify for the Discover Savings bonus.
Discover Savings Review
Discover Bank online savings account offers a high interest rates and no monthly fees. But is it the right place for your money? Read on to find out, plus the best way to open an account.
Discover Checking Review
With Discover Bank's Cashback Debit account, you'll pay no fees and earn money for purchases. Learn more about these benefits—and some downsides—in our guide.
Discover CD Rates
Discover Bank's CD account offers high rates and no hidden fees. But is the term worth it? Read this review before you open a CD.
Which Do You Think is Best?
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