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CIT Bank vs SunTrust Bank

CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to SunTrust 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 SunTrust Bank has 1,400 branches in the Southeast region. Checking accounts require $100 to open and offers different ways to waive fees. Select Savings account offers an annual 1% bonus up to $25. Promotional CD offers a high APY with a $2,000 minimum opening deposit.

Compare CIT Bank with SunTrust 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

SunTrust Bank

SPECIAL OFFER
CIT Bank Savings Builder - Up to $300 Bonus - Learn More

Read CIT Bank Review

SPECIAL OFFER
SunTrust Advantage Checking Account - $300 Bonus - Learn More

Read SunTrust Bank Review

 

Benefits and Features

SavingsSavings Builder up to 1.85% APY with $25,000 minimum balance or $100 monthly deposit. $100 minimum opening deposit.0.01% APY for all savings account. For Essential Savings Account - no minimum opening deposit, no monthly maintenance fee, no tiered interest rates. For Select Savings Account - $100 minimum opening deposit, $7 monthly maintenance fee unless 1) minimum $25 per month auto-transfer from a SunTrust personal checking account or, 2) $1,000 minimum daily collected balance. Has tiered interest rates.
CDTerm CDs up to 1.85% APY. $1,000 minimum opening deposit. No monthly maintenance fee.1.50% - 1.60% APY. Terms ranging from 6 months - 24 months. $2000 minimum opening deposit.
CheckingeChecking: 0.25% APY with $25,000 minimum balance and 0.10% APY on balances under $25,000 
Money Market1.85% APY. $100 minimum deposit. No monthly maintenance fee.Minimum opening deposit $100. Monthly maintenance fee $17 unless 1) one (1) automated transfer ($100 minimum) occurs, OR 2) a minimum daily collected balance of $10,000 is maintained.
Customer ServiceMonday - Friday: 8:00 am - 9:00 pm (ET)
Saturday: 9:00 am - 5:00 pm (ET)
Sunday: 11:00 am - 4:00 pm (ET)
24/7 Telephone and Automated Customer Service
ATMs More than 2000 ATMs across 11 southeastern states and Washington DC.
IRA CD Terms ranging from 1 - 10 years.
Locations
Online Only
1400 bank branches across 11 southeastern states and Washington D.C.
 

CreditDonkey® Reviews

 CIT Bank
Savings
Checking
Money Market
Customer Service
Mobile App
CD
Pros & ConsPros:
  • High APY
  • No monthly service fees
  • Low opening deposits
Cons:
  • No physical locations
  • No check writing
Pros:
  • High APY for CDs
  • Free student account
  • Good customer service
Cons:
  • No free checking option
  • Low savings APY
  • Limited branches
Bottom LineSolid online bank with excellent rates and no monthly fees... Read full reviewSoutheastern regional bank known for good customer service... 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 10/1/2019

SunTrust Bank: Pricing information from published website as of 12/06/2019 based on 91107 zip code.

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


Articles on CIT Bank

    CIT Bank Review

    Want a higher interest rate at a good FDIC insured bank? CIT is tempting, but there are downsides you should not ignore. Read this review before you open an account.

    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 CD Rates

    CIT Bank is known for competitive interest rates on online savings products. How are their CD rates? Check out the current rates and how they compare below.

    CIT Bank Savings Builder Review

    If you can save just $100 per month, you can earn a high APY with CIT Bank's Savings Builder. Find out if this bank is good for you.

    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 SunTrust Bank


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