CIT Bank vs Marcus by Goldman Sachs
CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Marcus? 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 Marcus offers savings accounts, term CDs, and a no-penalty CD. It has no checking or ATM network. Savings account requires just $1 to earn stated APY while CDs have $500 minimum opening deposit. There are no service fees.
Compare CIT Bank with Marcus, side-by-side. Read on for an in-depth look, including ratings and reviews.
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CIT Bank | Marcus by Goldman Sachs | |
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CIT Bank Savings Connect - | Marcus Online Savings - Earn 3.75% APY - | |
Benefits and Features | ||
Savings | Savings Connect: 4.20% APY Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit. | 3.75% APY. $0 to open; $1 to earn stated APY. No fees to open or maintain account. No minimum daily balance requirement. |
CD | Term CDs up to 4.65% APY. $1,000 minimum opening deposit. | 3.70% to 4.75% APY. Terms of 6 months to 6 years. 12-month CD APY of 4.40%. $500 minimum to open. No monthly service fee. |
Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 | |
Money Market | ||
Customer Service |
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Mobile App | ||
ATMs | ||
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CreditDonkey® Reviews | ||
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Pros & Cons | Pros:
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Bottom Line | Solid online bank with excellent rates and no monthly fees... | |
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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 03/22/2023. Marcus: Information including rates, fees, terms, and benefits was obtained on February 28, 2023 from published websites and is believed to be accurate, but not guaranteed. |
CIT Bank Savings Connect - 4.20% APY
- Earn 12x the national average
- $100 minimum opening deposit
- No monthly maintenance fee
- 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
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 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
Which is Better: CIT Bank or Marcus?
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.