CIT Bank vs OANDA
CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to OANDA? Read our comparison chart below.
| |  Member FDIC |  |
| | Visit Site | Visit Site |
| SPECIAL OFFER
CIT Bank Platinum Savings - Learn MoreRead CIT Bank Review | SPECIAL OFFER
Earn Cash Rebates of up to $17 per Million - Learn MoreRead OANDA Review |
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| | Benefits and Features |
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| Savings | Platinum Savings: 4.00% APY with a balance of $5,000 or more
Savings Connect: 3.90% APY
Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit | |
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| Stock Trading | | No |
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| Options Trading | | No |
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| CD | Term CDs up to 3.50% APY. $1,000 minimum opening deposit. | |
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| Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 | |
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| Mutual Fund Trading | | No |
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| Money Market | 1.55% APY | |
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| Banking | | No |
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| Mobile App | iOS & Android | Yes |
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| Forex Trading | | Yes |
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| Futures Trading | | No |
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| Customer Service | Mon - Fri: 9 am - 9 pm ET
Sat: 10 am - 6 pm ET
Sunday: Closed
| Local number +1 212 858 7690;
Toll-free number 1 877 OANDA FX (1 877 626 3239)
Sunday 4PM ET to Friday 6PM ET |
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| Locations | Online Only | Online only |
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| | CreditDonkey® Reviews |
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| Savings |  | |
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| Checking |  | |
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| Money Market | | |
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| Mobile App |  | |
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| Customer Service | | |
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| Spread | | |
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| Ease of Use | | |
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| Education | | |
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| Forex Trading | | |
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| Trading Platform | | |
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| Trustworthy | | |
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| Pros & Cons | Pros:- High savings APY
- No monthly fees
- Low opening deposits
Cons: | Pros:- $0 minimum
- Exceptional customer service
- User-friendly platform
Cons:- Only 1:50 leverage
- Slow withdrawal processing
- Incomprehensive educational videos
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| Bottom Line | Solid online bank with excellent rates and no monthly fees... Read full review | Regulated forex broker with no minimum deposit... Read full review |
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| | Visit Site | Visit Site |
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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 06/12/2025. OANDA: Information sourced from the published website as of 04/22/2024. OANDA: OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States. Affiliate receives a commission for accounts opened through the link on this page
OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS
Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA's regulatory oversight and examinations.
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. |
Member FDIC
- 4.00% 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
Member FDIC
- Earn 9x the national average
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
Member FDIC
- Up to 3.50% APY
- $1,000 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
| Term | CD Rates |
|---|
| 6 Month | 3.00% APY |
| 1 Year | 0.30% APY |
| 13 Month | 3.50% APY |
| 18 Month | 3.00% APY |
| 2 Year | 0.40% APY |
| 3 Year | 0.40% APY |
| 4 Year | 0.50% APY |
| 5 Year | 0.50% APY |
Which is Better: CIT Bank or OANDA?
In short: OANDA's customer service is outstanding.
Articles on 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 is a well-known online bank with high savings interest rates. Find out how CIT Bank's CD rates compares to other trustworthy banks.
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 Platinum Savings is CIT Bank's newest savings account. It advertises a higher APY. Check out how it compares to Savings Connect. Get a higher rate now.
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 is an online bank that offers a variety of savings products. Find out how to manage your account, reach customer service, and the bank's current offers.
CIT Platinum Savings Account boasts a higher APY than its other savings accounts. But there's a catch. Read on to learn how to get the highest APY.
CIT Bank offers a CD account that has no penalty for early withdrawal. Read on to learn about the APY and any requirements or fees that come with it.
CIT Bank savings accounts offer some of the highest APYs with minimal requirements. Read on to learn how CIT can help you grow your money.
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.
Forgot your CIT Bank username? We'll show you how to login your online bank account.
Want to transfer money in or out of your CIT Bank account? Read this review to find your ABA routing number.
Articles on OANDA
OANDA is one of the leading forex and CFD trading providers. But what does it offer? Read on to discover how OANDA elevates your trading journey.
OANDA is one of the world's top forex brokers. But does it have competitive spreads? Read on to find out.
Trading is no fun if you can't withdraw your earnings. So how do you withdraw funds at OANDA? Read on to find out.
OANDA is a suitable forex broker for traders of all levels. Wondering if it has a minimum deposit requirement? Read on to find out.
OANDA is one of the world's most reputable forex brokers. But how long does it take to get your account approved? Read on to find out.
OANDA and FOREX.com are both highly regulated and trusted forex brokers. But one of them is a better option. Which one?
