CIT Bank vs Ponce Bank

CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Ponce 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 Ponce Bank was founded in the Bronx in 1960 by Puerto Rican migrants, at a time when traditional banks had abandoned the neighborhood. Today, they are a proud certified Minority Depository Institution and Community Development Financial Institution (CDFI), and remain dedicated to serving financially-vulnerable communities.

Their not-for-profit, The Ponce de Leon Foundation, supports local initiatives in affordable housing, education, healthcare, and more.

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

	Member FDIC
	Visit Site	Visit Site
	CIT Bank	Ponce Bank
	SPECIAL OFFER CIT Bank Platinum Savings - Learn More Read CIT Bank Review	SPECIAL OFFER 6-Month High-Yield CD - 4.00% APY - Learn More Read Ponce Bank Review
	Benefits and Features
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
CD	Term CDs up to 3.50% APY. $1,000 minimum opening deposit.	3-Month High-Yield CD - 4.25% APY 4-Month High-Yield CD - 4.25% APY 4 Month No-Penalty CD - 4.15% APY 6-Month High-Yield CD - 4.00% APY 1-Month High-Yield CD - 3.00% APY 9-Month High-Yield CD - 3.00% APY 48-Month High-Yield CD - 1.61% APY 13-Month High-Yield CD - 1.31% APY 11-Month High-Yield CD - 1.21% APY
Checking	eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000
Money Market	1.55% APY
Mobile App	iOS & Android
ATMs	No ATM fees from CIT Bank. Up to $30 in other banks' ATM fees reimbursed per month (for eChecking Account)
Customer Service	Mon - Fri: 9 am - 9 pm ET Sat: 10 am - 6 pm ET Sunday: Closed
Locations	Online Only	14 branch locations
	CreditDonkey® Reviews
Savings
Checking
Money Market
Mobile App
Customer Service
CD
Fees
Pros & Cons	Pros: High savings APY No monthly fees Low opening deposits Cons: No check writing	Pros: Various savings options Low monthly fees Wide ATM network Cons: Limited physical location
Bottom Line	Solid online bank with excellent rates and no monthly fees... Read full review	Community bank that offers several high-yield savings options through Raisin... Read full review
	Visit Site	Visit Site
	CIT Bank Platinum Savings CIT Bank Savings Connect CIT Bank Term CDs - Up to 3.50% APY	6-Month High-Yield CD - 4.00% APY 48-Month High-Yield CD - 1.61% APY 13-Month High-Yield CD - 1.31% APY
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 06/25/2025. Ponce Bank: Pricing information from published website as of 06/13/2025.

Member FDIC

CIT Bank Platinum Savings - 4.00% APY

Learn More

• 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

CIT Bank Savings Connect - 3.90% APY

Learn More

• Earn 9x the national average
• $100 minimum opening deposit
• No monthly maintenance fee
• Member FDIC

Member FDIC

CIT Bank No Penalty CD - 3.50% APY

Get Deal

• 3.50% 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
• Member FDIC

Which is Better: CIT Bank or Ponce Bank?

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 is outstanding.

Articles on CIT Bank

CIT Bank Money Market Review

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 vs SoFi
• CIT Bank vs Ally Bank
• CIT Bank vs Citibank

CIT Bank CD Rates

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 vs Marcus
• CIT Bank vs Wealthfront
• CIT Bank vs Capital One

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 vs EverBank
• CIT Bank vs UFB Direct
• CIT Bank vs Synchrony Bank

CIT Bank Savings Connect vs Platinum Savings

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 vs Discover Bank
• CIT Bank vs Chime

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 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 Review

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 No Penalty CD

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 High Yield Savings

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.

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.

CIT Bank Login

Forgot your CIT Bank username? We'll show you how to login your online bank account.

CIT Bank Routing Number

Want to transfer money in or out of your CIT Bank account? Read this review to find your ABA routing number.

Articles on Ponce Bank

Ponce Bank Review

Explore Ponce Bank's savings accounts with decent rates, along with high-yield options through Raisin. Keep reading to find out more.

• Ponce Bank vs Wells Fargo
• Ponce Bank vs Bank of America

Which Do You Think is Best?