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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 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 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.

 CIT Bank
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CIT Bank

Marcus by Goldman Sachs

SPECIAL OFFER
CIT Bank Money Market Account - 0.50% APY - Learn More

Read CIT Bank Review

SPECIAL OFFER
Marcus Online Savings - Earn 0.50% APY - Learn More

Read Marcus Review

 

Benefits and Features

SavingsSavings Builder up to 0.45% APY with $25,000+ balance or $100 monthly deposit.0.50% APY. $0 to open; $1 to earn stated APY. No fees to open or maintain account. No minimum daily balance requirement.
CDTerm CDs up to 0.50% APY. $1,000 minimum opening deposit.0.25% to 0.70% APY. Terms of 6 months to 6 years. 12-month CD APY of 0.65%. $500 minimum to open. No monthly service fee.
CheckingeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 
Money Market
0.50% APY
 
Customer ServiceMonday - 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

 CIT Bank
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • High yield
  • No monthly service fees
  • Low opening deposits
Cons:
  • No physical locations
  • No check writing
Bottom LineSolid online bank with excellent rates and no monthly fees... Read full review Read full review
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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 from published website as of 06/03/2020

Marcus: Information including rates, fees, terms, and benefits was obtained on November 20, 2020 from published websites and is believed to be accurate, but not guaranteed.

Which is Better: CIT Bank or Marcus?

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.


Articles on CIT Bank


Articles on Marcus by Goldman Sachs


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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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