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	Fifth Third Bank


	SPECIAL OFFER CIT Savings Builder - Earn 0.95% APY - Learn More Read CIT Bank Review	SPECIAL OFFER Fifth Third Checking Account - $150 Bonus - Learn More Read Fifth Third Bank Review
	Benefits and Features
Savings	Savings Builder up to 0.95% 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.
CD	Term CDs up to 1.05% APY. $1,000 minimum opening deposit.	0.01% - 0.05% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 0.10 - 0.20% APY at 3, 6 and 12 months, minimum deposit of $5,000.
Checking	eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000
Money Market	1.00% APY	0.01% - 0.05% APY Standard Rate (0.02% - 0.10% 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 Service	Monday - Friday: 9:00 am - 9:00 pm (ET) Saturday: 10:00 am - 6:00 pm (ET) Sunday: Closed	Mon-Fri 8:00 am - 6:00 pm (EST) Sat 10:00 am - 4:00 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. 0.01% - 0.05% 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

Savings
Checking
Money Market
Customer Service
Mobile App
CD
Pros & Cons	Pros: 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 Line	Solid online bank with excellent rates and no monthly fees... Read full review	Midwest & Southwest bank with high balance requirements... Read full review

	CIT Savings Builder - Earn 0.95% APY CIT Bank Money Market Account - 1.00% APY CIT Bank Term CDs	Fifth Third Checking Account - $150 Bonus
What Others View		Chase
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 06/03/2020 Fifth Third Bank: Pricing information from published website as of 07/08/2020 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

CIT Bank Review

CIT Bank offers a high interest rate. But is it safe? Read this review to find out if what you heard is true.

CIT Bank Savings Builder Review

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 vs Discover Bank

CIT Bank CD Rates

CIT Bank has competitive interest rates on online savings accounts. But how do their CD rates compare? Find out below.

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.

Is CIT Bank Online Only

CIT Bank offers high interest rates and no monthly fees. But is this online bank legit? Find out the details here.

Is CIT Bank a Real Bank

CIT Bank offers online checking and savings with high interest rates and low fees. But is it safe? Find out before you sign up.

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 Fifth Third Bank

Fifth Third Bank Review

Fifth Third Bank has higher balance requirements and high service fees if they're not met. But it offers some unique programs. Read on to see if Fifth Third Bank is a good fit for you.

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CIT Bank vs Fifth Third Bank

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