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CIT Bank vs PNC Bank

CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to PNC Bank? 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 PNC Bank has 2,600 branches in 19 states mostly on the East. Checking accounts offer a unique Virtual Wallet feature with financial tools to help achieve goals. Account fees are easily waived by meeting account balance or direct deposit requirements.

Compare CIT Bank with PNC Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 CIT Bank
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CIT Bank

PNC Bank

SPECIAL OFFER
CIT Bank Money Market Account - 0.60% APY - Learn More

Read CIT Bank Review

SPECIAL OFFER
High Yield Savings Account - 1.00% APY - Learn More

Read PNC Bank Review

 

Benefits and Features

SavingsSavings Builder up to 0.55% APY with $25,000+ balance or $100 monthly deposit.0.01% APY (0.02% APY - 0.03% APY Relationship rates). Minimum deposit of $25. $5 monthly service charge unless you have 1) $300 monthly average monthly balance, or 2) if you are under 18 years old, or 3) set up an Auto Savings transfer of $25 or more each month from your PNC Checking account to your Savings account.
CDTerm CDs up to 0.50% APY. $1,000 minimum opening deposit.0.01% - 0.06% APY. Minimum deposit $1,000 - $10,000 (depending on account type and term). Terms range from 7 days to 10 years.
CheckingeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 
Money Market
0.60% APY
0.02% APY. Minimum deposit is $100. Maximum deposit is $10,000. Monthly service charge of $12 unless you have $5,000 average monthly balance.
Customer ServiceMonday - Friday: 9:00 am - 9:00 pm (ET)
Saturday: 10:00 am - 6:00 pm (ET)
Sunday: Closed
Mon-Fri 7:00 am - 10:00 pm, (ET)
Sat & Sun 8:00 am - 5:00 pm (ET)
ATMs 15,000 ATMs across 37 states and the District of Columbia.
IRA CD 0.01% - 0.06% APY. Minimum deposit $1,000 - $10,000 (depending on account type and term). Terms range from 6 months to 10 years.
Locations
Online Only
2,400 PNC branches across 20 states.
 

CreditDonkey® Reviews

 CIT Bank
Savings
Checking
Money Market
Customer Service
Mobile App
CD
Pros & ConsPros:
  • High yield
  • No monthly service fees
  • Low opening deposits
Cons:
  • No physical locations
  • No check writing
Pros:
  • Virtual Wallet tools
  • Relatively easy to waive fees
  • Free student account
Cons:
  • Limited branches
  • Low APY
Bottom LineSolid online bank with excellent rates and no monthly fees... Read full reviewEast Coast bank with advanced financial tools to help achieve goals... 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

PNC Bank: Pricing information from published website as of 09/15/2020 based on 19899 zip code.

Which is Better: CIT Bank or PNC Bank?

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.

In short: CIT Bank's savings and money market are notable. In particular, the money market is outstanding.


Articles on CIT Bank


Articles on PNC Bank


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