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CIT Bank vs Fifth Third Bank

CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Fifth Third 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 Fifth Third Bank has 1,300 branches across the Midwest and Southwest. Basic checking account requires $1,500 minimum balance to avoid fees. Promotional CD offers a high APY for terms up to 27 months with a $5,000 minimum opening deposit.

Compare CIT Bank with Fifth Third 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

Fifth Third Bank

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

Read CIT Bank Review

SPECIAL OFFER
Fifth Third Business Checking Account - $500 Bonus - Learn More

Read Fifth Third Bank Review

 

Benefits and Features

SavingsSavings Builder up to 1.75% APY with $25,000+ balance or $100 monthly deposit.0.01% APY. No minimum deposit. $5 per month unless 1) you have a Fifth Third Checking Account, or 2) You maintain an average monthly balance of $500 or more, or 3) You or someone under age 18 is an owner of the account, 4) You are enrolled in Fifth Third Military Banking.
CDTerm CDs up to 1.85% APY. $1,000 minimum opening deposit.0.05% - 0.60% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 0.50% - 1.25% at 5, 9 and 15 months, minimum deposit of $5,000.
CheckingeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 
Money Market
1.80% APY
0.01% - 0.10% APY Standard Rate (0.02% - 0.20% APY Relationship Rate). No minimum deposit. Monthly service charge of $5, unless 1) you have a Fifth Third Checking Account or 2) you maintain an average monthly balance of $500 or more, or 3) you or someone under age 18 is an owner of the account, or 4) you are enrolled in Fifth Third Military Banking
Customer ServiceMonday - Friday: 8:00 am - 9:00 pm (ET)
Saturday: 9:00 am - 5:00 pm (ET)
Sunday: 11:00 am - 4:00 pm (ET)
Mon-Fri 7:00 am - 8:00 pm (EST)
Sat 8:30 am - 5:00 pm (EST)
ATMs Allpoint® and 7-Eleven® network of ATMs. More than 50,000 fee-free ATMs nationwide.
IRA CD Can convert an IRA account to a regular CD account. 0.05% - 0.60% APY. Terms ranging from 7 days to 84 months. Minimum deposit of $500 or $5,000, depending on CD account type.
Locations
Online Only
1,300 branches, including 100 Bank Mart® locations 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:
  • Free Express Checking
  • Free student checking
  • Promo CD with high APY
Cons:
  • Higher balance requirements
  • Low savings APY
  • Limited branches
Bottom LineSolid online bank with excellent rates and no monthly fees... Read full reviewMidwest & Southwest bank with high balance requirements... 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

    Fifth Third Bank: Pricing information from published website as of 02/28/2020 based on 45202 zip code.

    Which is Better: CIT Bank or Fifth Third 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 savings, checking, and money market are notable. In particular, the money market is outstanding.


    Articles on CIT Bank


    Articles on Fifth Third Bank


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