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.

		Santander BankCitibankDiscover BankChaseTD Bank
	CIT Bank	Santander Bank
	SPECIAL OFFER CIT Bank Money Market Account - Learn More Read CIT Bank Review	SPECIAL OFFER Personal Checking Account - $300 Bonus - Learn More Read Santander Bank Review
	Benefits and Features
Savings	Savings Builder up to 0.70% 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% APY. 15-month. 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	1.00% APY	0.03% - 0.05% 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 CIT Bank Money Market Account CIT Bank Savings Connect - 1.35% APY	Personal Checking Account - $300 Bonus Personal Checking Account - $400 Bonus Personal Checking Account - $500 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 06/30/2022 Santander Bank: Pricing information from published website as of 3/16/2022 based on 91107 zip code.

Member FDIC

Money Market Account - Get a Year of Amazon Prime

Learn More

Expires 9/23/2022

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.

Member FDIC

CIT Bank Money Market Account - 1.00% APY

Learn More

• 1.00% APY
• $100 minimum opening deposit
• No monthly maintenance fee

Member FDIC

CIT Bank Savings Connect - 1.35% APY

Learn More

• Earn a competitive high yield savings rate with access and convenience features of an eChecking account.
• Earn 1.35% APY on Savings Connect and up to 0.25% APY on eChecking.
• Minimum of $100 for both the Savings Connect and eChecking to open ($200 total)

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

CIT Bank

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CIT Bank Savings Builder Review

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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.

CIT Bank Money Market vs Savings Builder

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.

CIT Bank Savings Connect vs Savings Builder

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.

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.

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 Login

Forgot your CIT Bank username? We'll show you how to login your online bank account.

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 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 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.

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Which Do You Think is Best?