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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.

 CIT Bank
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CIT Bank

Santander Bank

SPECIAL OFFER
CIT Bank Bonus Offer: $300 for New and Existing Customers - Learn More

Read CIT Bank Review

SPECIAL OFFER
Individual Retirement Account (IRA) - $1,000 Bonus - Learn More

Read Santander Bank Review

 

Benefits and Features

SavingsSavings Builder up to 1.75% 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.
CDTerm CDs up to 1.86% APY. $1,000 minimum opening deposit.0.60% - 2.25% APY. Terms ranging from 3 months to 5 years. Minimum deposit of $500, with Santander Checking Account.
CheckingeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 
Money Market
1.80% APY
0.10% - 0.52% APY. Must be Santander Premier Plus Checking Account holder. Minimum deposit of $25. No monthly fee.
Customer ServiceMonday - Friday: 9:00 am - 9:00 pm (ET)
Saturday: 10:00 am - 6:00 pm (ET)
Sunday: Closed
Mon-Sun 6:00 am - 10:00 pm (ET) (excluding Christmas Day)
ATMs Over 2000 ATMs throughout the Northeast, including in many CVS/pharmacy® locations
Locations
Online Only
Over 600 branches in the US
 

CreditDonkey® Reviews

 CIT Bank
Savings
Checking
Money Market
Customer Service
Mobile App
CD
Pros & ConsPros:
  • High yield
  • No monthly service fees
  • Low opening deposits
Cons:
  • No physical locations
  • No check writing
Pros:
  • Easy to waive monthly fees
  • High APY for CDs
  • Free student checking
Cons:
  • Low interest for Premier Plus Checking
Bottom LineSolid online bank with excellent rates and no monthly fees... Read full reviewNortheastern bank with low requirements to waive fees... Read full review
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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 from published website as of 02/20/2020

Santander Bank: Pricing information from published website as of 03/29/2020 based on 91107 zip code.

Which is Better: CIT Bank or Santander 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 savings and money market are notable. In particular, the money market is outstanding.


Articles on CIT Bank


Articles on Santander Bank


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