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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 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 PNC Bank has 2,200+ branches in 29 states plus D.C. mostly in 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.
Platinum Savings: 4.10% APY with a balance of $5,000 or more
Savings Connect: 4.00% APY
Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit
Up to 3.95% APY. Only available in eligible markets.
CD
Term CDs up to 3.50% APY. $1,000 minimum opening deposit.
0.01% to 4.10% APY. Terms of 7 days to 10 years.
Checking
eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000
Virtual Wallet: $7/month fee, unless you have 1) $500/month in qualifying direct deposits, or 2) maintain a $500 balance, or 3) be at least 62 years old.
Virtual Wallet with Performance Spend: $15/month fee, unless you have 1) $2,000 in qualifying direct deposits, or 2) a $2,000 balance, or 3) $10,000 in combined PNC consumer deposits.
Virtual Wallet with Performance Select: $25/month fee, unless you have 1) $5,000 in qualifying direct deposits, or 2) a $5,000 balance (including up to 7 linked checking accounts), or 3) $25,000 in combined balances or PNC consumer deposits, and/or investments.
Select Markets Only*
Money Market
1.55% APY
Up to 0.05% APY. Only available in eligible markets.
Mobile App
iOS & Android
iOS & Android
ATMs
No ATM fees from CIT Bank. Up to $30 in other banks' ATM fees reimbursed per month (for eChecking Account)
approximately 60,000 PNC and partner ATMs
Customer Service
Mon - Fri: 9 am - 9 pm ET
Sat: 10 am - 6 pm ET
Sunday: Closed
Personal Credit Cards: Automated account information is available 24/7
Other products & services:
Monday - Friday:
8:00 a.m. - 9:00 p.m. ET
Saturday - Sunday:
8:00 a.m. - 5:00 p.m. ET
Locations
Online Only
2,600+ locations
CreditDonkey® Reviews
Savings
Checking
Money Market
Mobile App
Customer Service
CD
Pros & Cons
Pros:
High savings APY
No monthly fees
Low opening deposits
Cons:
No check writing
Pros:
Virtual Wallet tools
Relatively easy to waive fees
Free student account
Cons:
Limited branches
Low APY on some savings accounts
Bottom Line
Solid online bank with excellent rates and no monthly fees... Read full review
East Coast bank with advanced financial tools to help achieve goals... Read full review
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 UFB Direct.
In short: CIT Bank's savings and money market are notable. In particular, the savings is outstanding.
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 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.
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.
PNC Bank has relatively low requirements to waive fees and offers many financial tools to help you meet savings goals. Read on to see if this East Coast bank is right for you.
Closing a bank account can be a pain. It's easy to make a mistake. Find out how to properly close your PNC account online, over the phone, or at a branch.