CIT Bank vs Regions Bank

CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Regions 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 Regions Bank has 1,500 branches in 15 states in the South and Midwest. Checking and savings accounts require just $50 to open, with relatively lower requirements to waive fees. The unique Now Banking solution offers prepaid Visa, savings, and check cashing services with no account required.

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

	CIT Bank	Regions Bank
	SPECIAL OFFER CIT Bank Savings Builder - Up to $300 Bonus - Learn More Read CIT Bank Review	SPECIAL OFFER LifeGreen Savings Account – Up to $100 Annual Savings Bonus - Learn More Read Regions Bank Review
	Benefits and Features
Savings	Savings Builder up to 1.85% APY with $25,000 minimum balance or $100 monthly deposit. $100 minimum opening deposit.	Two types of Savings Account - Regions Savings, and Regions Lifegreen Savings. 0.01% APY. Regions Savings Account - minimum opening deposit $50. $5 monthly maintenance fee, unless you have $300 minimum daily balance. Regions Lifegreen Account - minimum opening deposit $50. Must have Regions Checking Account. No monthly maintenance fee.
CD	Term CDs up to 1.85% APY. $1,000 minimum opening deposit. No monthly maintenance fee.	0.01% - 0.50% APY. Terms ranging from 1 - 72 months. (Promotional rate of 1.25% - 1.40% APY for 8 - 11 Months) $500 minimum opening deposit for CDs with terms 90 days or longer. $2,500 minimum opening deposit for CDs with terms 7 - 89 days.
Checking	eChecking: 0.25% APY with $25,000 minimum balance and 0.10% APY on balances under $25,000
Money Market	1.85% APY. $100 minimum deposit. No monthly maintenance fee.	Two types of Money Market accounts - Regions Money Market Account and Premium Money Market Account. Regions Money Market: $12 monthly fee. Premium Money Market: $15 monthly fee.
Customer Service	Monday - Friday: 8:00 am - 9:00 pm (ET) Saturday: 9:00 am - 5:00 pm (ET) Sunday: 11:00 am - 4:00 pm (ET)	24/7 Telephone Customer Service
ATMs		More than 1900 ATMs in 15 Southern and Midwestern US states.
IRA CD		0.10% - 0.50% APY. (Promotional rate of 1.25% - 1.40% APY for 8 - 11 Months) Terms ranging from 6 months - 72 months. $250 minimum opening deposit.
IRA Money Market		0.01% APY. Minimum $50 opening deposit.
Locations	Online Only	More than 1500 branches in 15 Southern and Midwestern US states.
	CreditDonkey® Reviews
Savings
Checking
Money Market
Customer Service
Mobile App
CD
Pros & Cons	Pros: High APY No monthly service fees Low opening deposits Cons: No physical locations No check writing	Pros: $50 to open checking account Relationship Rewards program LifeGreen Savings annual bonus Cons: No free checking option Limited branches Low savings APY
Bottom Line	Solid online bank with excellent rates and no monthly fees... Read full review	South and Midwest bank with special reward programs... Read full review
	CIT Bank Savings Builder - Up to $300 Bonus Savings Builder High Yield Savings Account - 1.85% APY $150/$300 Cash Bonus for New Account	LifeGreen Savings Account – Up to $100 Annual Savings Bonus LifeGreen® Checking Account - $200 Cash Bonus Regions Refer a Business - $150 Visa Reward Card
What Others View		Chase
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 10/1/2019 Regions Bank: Pricing information from published website as of 12/06/2019 based on 35203 zip code.

Which is Better: CIT Bank or Regions 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 checking, money market, and mobile app are notable. In particular, the money market is outstanding.

Articles on CIT Bank

CIT Bank Review
Want a higher interest rate at a good FDIC insured bank? CIT is tempting, but there are downsides you should not ignore. Read this review before you open an account.
• CIT Bank vs Ally Bank
• CIT Bank vs Citibank
• CIT Bank vs Synchrony Bank
CIT Bank Login
Forgot your CIT Bank username? We'll show you how to login your online bank account.
• CIT Bank vs Discover Bank
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 CD Rates
CIT Bank is known for competitive interest rates on online savings products. How are their CD rates? Check out the current rates and how they compare below.
CIT Bank Savings Builder Review
If you can save just $100 per month, you can earn a high APY with CIT Bank's Savings Builder. Find out if this bank is good for you.
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.
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.

Articles on Regions Bank

Regions Bank Review
Regions Bank offers a variety of deposit products, easy account opening requirements, and special reward programs. Read on to see if this bank is right for you.
• Regions Bank vs Bank of America
• Regions Bank vs Chase

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