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.

		MarcusCitibankDiscover Bank
	CIT Bank	Marcus by Goldman Sachs
	SPECIAL OFFER CIT Bank Savings Connect - Learn More Read CIT Bank Review	SPECIAL OFFER Marcus Online Savings - Earn 3.75% APY - Learn More Read Marcus Review
	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	1.55% APY
Customer Service	Monday - Friday: 9:00 am - 9:00 pm (ET) Saturday: 10:00 am - 6:00 pm (ET) Sunday: Closed	Monday - Saturday: 8:00 am - 10:00 pm (ET) Saturday - Sunday: 9:00 am - 7:00 pm ET
Mobile App		None
ATMs		None
Locations	Online Only	Online Only
	CreditDonkey® Reviews
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & Cons	Pros: High savings APY No monthly fees Low opening deposits Cons: No physical locations No check writing
Bottom Line	Solid online bank with excellent rates and no monthly fees... Read full review	Read full review
	CIT Bank Savings Connect CIT Bank Term CDs - Up to 4.65% APY CIT Bank Platinum Savings	Marcus Online Savings - Earn 3.75% APY 12-month High-Yield CD - Earn 4.50% APY 13-month No-Penalty CD - Earn 3.85% APY
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.

Member FDIC

CIT Bank Savings Connect - 4.20% APY

Learn More

• Earn 12x the national average
• $100 minimum opening deposit
• No monthly maintenance fee
• Member FDIC

Member FDIC

CIT Bank Term CDs - Up to 4.65% APY

Learn More

• Up to 4.65% APY
• $1,000 minimum opening deposit
• No monthly maintenance fee
• Member FDIC

Term	CD Rates
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

Member FDIC

CIT Bank Platinum Savings - 4.40% APY

Learn More

• 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.

Articles on CIT Bank

CIT Bank Savings Review

CIT Bank offers a high interest rate. But how reliable is this online bank? Read this review to find out if what you heard is true.

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CIT Bank CD Rates

CIT Bank is trustworthy. But does CIT have the best CD rates right now? Find out how CIT Bank's interest rate compares.

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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 Savings Connect vs Savings Builder

CIT Bank has even more ways to save now. Savings Connect and Savings Builder both offer competitive rates. Find out the bank account that is best for you.

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 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.

CIT Bank Money Market vs Savings Builder

CIT Bank offers both money market and savings accounts. But which is better to keep your money safe? Find out how to choose between the two.

What is CIT Bank

In the modern world, there are some things you just don't have to do anymore. Like drawing water from a well. Or paying fees just to keep your bank account open.

CIT Bank Login

Forgot your CIT Bank username? We'll show you how to login your online bank account.

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 Routing Number

Want to transfer money in or out of your CIT Bank account? Read this review to find your ABA routing number.

Articles on Marcus by Goldman Sachs

Marcus Bank Review

Marcus by Goldman Sachs offers savings accounts and CDs at high interest rates. But don't expect accounts with a lot of bells and whistles. Read on for the pros and cons.

Which Do You Think is Best?

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