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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 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 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
 Visit SiteLearn More
 

CIT Bank

Regions Bank

SPECIAL OFFER
CIT Bank Savings Connect - 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

SavingsSavings Connect: 3.60% APY
Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit.
0.01% APY
CDTerm CDs up to 4.50% APY. $1,000 minimum opening deposit.
3.00% APY - 3.25% APY
CheckingeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 
Money Market
1.55% APY
0.01% APY
Customer Service
  • Monday - Friday: 9:00 am - 9:00 pm (ET)
  • Saturday: 10:00 am - 6:00 pm (ET)
  • Sunday: Closed
24/7 Telephone Customer Service
ATMs More than 1900 ATMs in 15 Southern and Midwestern US states.
IRA CD 
Check
IRA Money Market 
0.01% APY
Locations
Online Only
More than 1500 branches in 16 Southern and Midwestern US states.
 

CreditDonkey® Reviews

 CIT Bank
SavingsStarStarStarStarStarStarStarStarStarEmpty Star
CheckingStarStarStarStarHalf StarStarStarStarHalf StarEmpty Star
Money MarketStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
CDStarStarStarHalf StarEmpty Star
Pros & ConsPros:
  • High savings APY
  • No monthly 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 LineSolid online bank with excellent rates and no monthly fees... Read full reviewSouth and Midwest bank with special reward programs... Read full review
 Visit SiteLearn More

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 10/18/2022.

Regions Bank: Pricing information from published website as of 03/9/2022 based on 35203 zip code.

CIT Bank
Member FDIC

CIT Bank Savings Connect - 3.60% APY

  • Earn 15x the national average
  • $100 minimum opening deposit
  • No monthly maintenance fee
CIT Bank
Member FDIC

Money Market Account - Get a Year of Amazon Prime

Expires 12/23/2022
To get your year of Amazon Prime ($139 cash value):
  • Open a new Money Market account using promo code AMZN22.
  • Fund your account with $15,000 within 15 days.
  • Keep a minimum balance of $15,000 for 60 days.
After 60 days, if you've fulfilled the requirements, CIT will send you an email with your Prime membership code. Existing Amazon Prime members can use the one year of Amazon Prime to renew their membership for an additional year. Limit one Money Market promotion per account and per customer. Conditions apply. See advertiser website for details.
CIT Bank
Member FDIC

CIT Bank Term CDs

  • Up to 4.50% APY
  • $1,000 minimum opening deposit
  • No monthly maintenance fee
TermCD Rates
6 Month2.75% APY
1 Year0.30% APY
13 Month4.35% APY
18 Month4.50% APY
2 Year0.40% APY
3 Year0.40% APY
4 Year0.50% APY
5 Year0.50% APY

Which is Better: CIT Bank or Regions 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 Chase.

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


Articles on CIT Bank

CIT Bank CD Rates 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 CD Rates

CIT Bank is trustworthy. But does CIT have the best CD rates right now? Find out how CIT Bank's interest rate compares.

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 Savings Builder vs Savings Connect

CIT Bank has even more ways to save now. Savings Connect and Savings Builder both offer competitive rates. Find out the bank account that is best for you.

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 only bank with no physical branches. Find out how to manage your account, reach customer service, and the bank's current offers.

CIT Bank Savings Builder vs Money Market

CIT Bank offers both money market and savings accounts. But which is better to keep your money safe? Find out how to choose between the two.

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 Savings Builder Review

If you can save $100 per month, you can earn a high interest rate with CIT Bank Savings Builder. Find out if this bank is any good.

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 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.

Which Do You Think is Best?





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