CIT Bank vs Santander Bank
CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Santander 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 Santander Bank has over 600 branches in the Northeast. Offers a range of checking and savings accounts, with simple requirements to waive service fees. High balance customers can earn higher interest. Their CDs offer high a APY with $500 minimum opening deposit.
Compare CIT Bank with Santander Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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CIT Bank | Santander Bank | |
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CIT Bank Money Market Account - 0.45% APY - | Individual Retirement Account (IRA) - $1,000 Bonus - | |
Benefits and Features | ||
Savings | Savings Builder up to 0.40% APY with $25,000+ balance or $100 monthly deposit. | 0.03% APY. $25 Minimum opening deposit. $1 monthly fee, unless 1) You have a Santander Checking Account, or have 2) $100 average daily balance in your savings account. |
CD | Term CDs up to 0.50% APY. $1,000 minimum opening deposit. | 0.10% - 2.25% APY. Terms ranging from 3 months to 5 years. Minimum deposit of $500, with Santander Checking Account. |
Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 | |
Money Market | 0.03% - 0.15% APY. Must be Santander Premier Plus Checking Account holder. Minimum deposit of $25. No monthly fee. | |
Customer Service | Monday - Friday: 9:00 am - 9:00 pm (ET) Saturday: 10:00 am - 6:00 pm (ET) Sunday: Closed | Mon-Sun 8:00 am - 8:00 pm (ET) (excluding Christmas Day) |
ATMs | Over 2000 ATMs throughout the Northeast, including in many CVS/pharmacy® locations | |
Locations | ||
CreditDonkey® Reviews | ||
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Savings | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Checking | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Money Market | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
CD | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
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Bottom Line | Solid online bank with excellent rates and no monthly fees... | Northeastern bank with low requirements to waive fees... |
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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 and data points from published website as of 02/16/2021 Santander Bank: Pricing information from published website as of 02/28/2021 based on 91107 zip code. |
Which is Better: CIT Bank or Santander 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 and money market are notable. In particular, the money market is outstanding.