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	Santander Bank
	SPECIAL OFFER CIT Bank Money Market Account - 0.45% APY - Learn More Read CIT Bank Review	SPECIAL OFFER Individual Retirement Account (IRA) - $1,000 Bonus - Learn More Read Santander Bank Review
	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	0.45% APY	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	Online Only	Over 575 branches in the US
	CreditDonkey® Reviews
Savings
Checking
Money Market
Customer Service
Mobile App
CD
Pros & Cons	Pros: 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 Line	Solid online bank with excellent rates and no monthly fees... Read full review	Northeastern bank with low requirements to waive fees... Read full review
	CIT Bank Money Market Account - 0.45% APY CIT Bank Savings Connect (Savings + Checking) CIT Bank Term CDs	Individual Retirement Account (IRA) - $1,000 Bonus Individual Retirement Account (IRA) - $200 Bonus Individual Retirement Account (IRA) - $350 Bonus
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.

Articles on CIT Bank

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CIT Bank Locations

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Articles on Santander Bank

Santander Bank Review

If you're in the Northeast, Santander Bank offers solid basic checking and savings options, as well as competitive rates for CDs. Read on to see if it fits your needs.

Which Do You Think is Best?