CIT Bank vs Mercury

CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Mercury? Read our comparison chart below.

	CIT Bank	Mercury


	SPECIAL OFFER CIT Bank Savings Connect - Learn More Read CIT Bank Review	SPECIAL OFFER Banking for Startups - Learn More
	Benefits and Features
Savings	Savings Connect: 4.05% APY Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit.	1 free savings account; more upon request
CD	Term CDs up to 4.65% APY. $1,000 minimum opening deposit.
Checking	eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000	No monthly fees; no balance requirements
Money Market	1.55% APY
APY		N/A
Customer Service	Monday - Friday: 9:00 am - 9:00 pm (ET) Saturday: 10:00 am - 6:00 pm (ET) Sunday: Closed	Email only
Minimum Deposit to Open		$0
ACH Transfer Fee		$0
ATMs		55,000+ Allpoint ATMs
Balance Requirement		None
Cash Deposit Fee		N/A
Incoming Wire Transfer Fee		$0
Locations	Online Only	Online only
Out of Network ATM Fee		$0
Outgoing Wire Transfer Fee		$0
Overdraft Fee		$0
Monthly Fee		$0
	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

	CIT Bank Savings Connect CIT Bank Term CDs - Up to 4.65% APY CIT Bank No Penalty CD - 4.10% APY	Banking for Startups
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.

Member FDIC

CIT Bank Savings Connect - 4.05% APY

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

Member FDIC

CIT Bank Term CDs - Up to 4.65% APY

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

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 No Penalty CD - 4.10% APY

Get Deal

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

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

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.

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.

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.