CIT Bank vs Huntington Bank
CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Huntington? 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 Huntington has nearly 1,200 branches throughout the Midwest. It offers a few checking and savings options. Minimum requirements are high on interest-bearing accounts, though it has a free checking option. 14 or 19-month CDs have a great rate with $1,000 minimum opening deposit.
Compare CIT Bank with Huntington, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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CIT Bank | Huntington Bank | |
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CIT Bank Savings Connect - | Personal Checking Account - $200 Bonus - | |
Benefits and Features | ||
Savings | Savings Connect: 4.05% APY Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit. | 0.01% APY (Premier Savings). $4 monthly fee, unless you have 1) daily average balance of $300, or 2) linked to a Huntington Asterisk-Free Checking Account. Minimum deposit of $50. |
CD | Term CDs up to 4.65% APY. $1,000 minimum opening deposit. | Regular CD APY range from 0.05% - 0.10% for amounts ranging from $1,000 - $100,000. Minimum deposit $1,000. |
Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 |
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Money Market | 0.05% APY for amounts of $25,000 to $2,000,000. $25 monthly maintenance fee unless there is 1) average daily balance of $25,000, or 2) linked to a Huntington Perks or Huntington Platinum Perks Checking account. | |
Customer Service |
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Locations | ||
CreditDonkey® Reviews | ||
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Checking | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Money Market | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
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CD | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Solid online bank with excellent rates and no monthly fees... | Midwest bank with great account benefits and free checking option... |
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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 10/18/2022. Huntington: Pricing information from published website as of 12/28/2022 based on 43215 zip code. |
CIT Bank Savings Connect - 4.05% APY
- Earn 12x the national average
- $100 minimum opening deposit
- No monthly maintenance fee
CIT Bank Term CDs - Up to 4.65% APY
- Up to 4.65% APY
- $1,000 minimum opening deposit
- No monthly maintenance fee
Term | CD Rates |
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6 Month | 4.15% APY |
1 Year | 0.30% APY |
13 Month | 4.65% APY |
18 Month | 4.60% APY |
2 Year | 0.40% APY |
3 Year | 0.40% APY |
4 Year | 0.50% APY |
5 Year | 0.50% APY |
CIT Bank No Penalty CD - 4.10% APY
- 4.10% 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
Which is Better: CIT Bank or Huntington?
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 money market are notable. In particular, the savings is outstanding. Huntington's customer service is impressive.