CIT Bank vs Wells Fargo
CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Wells Fargo? 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 Wells Fargo is one of America's largest banks with over 5,400 locations and 13,000 ATMs. Offers many checking options, including Teen Checking and Opportunity Checking for those who had financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 minimum opening deposit.
Compare CIT Bank with Wells Fargo, side-by-side. Read on for an in-depth look, including ratings and reviews.
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 |  | |
CIT Bank | Wells Fargo | |
|---|---|---|
CIT Bank Money Market Account - | Personal Checking Account - $200 Bonus - | |
Benefits and Features | ||
| Savings | Savings Builder up to 0.70% APY with $25,000+ balance or $100 monthly deposit. | 0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, or primary account owner is 24 years old or under |
| CD | Term CDs up to 0.50% APY. $1,000 minimum opening deposit. | Standard Term CD: 0.01% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Bonus of up to 0.02% APY if you maintain a linked Portfolio by Wells Fargo relationship. |
| Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 | Clear Access Banking, Everyday Checking, Portfolio by Wells Fargo |
| Money Market | Also known as the Platinum Savings Account. 0.01% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 0.02% requires account linked to Portfolio by Wells Fargo relationship. | |
| Customer Service |
| Available 24 hours a day, 7 days a week. |
| ATMs | More than 13,000 ATMs across the country. | |
| IRA CD | Standard Term CD: 0.01% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Bonus of up to 0.02% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account. | |
| IRA Money Market | 0.01% APY. $100 minimum opening deposit. | |
| Locations | Approximately 5,400 retail banking branches coast to coast. | |
CreditDonkey® Reviews | ||
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| Savings |   | |
| Checking | | |
| Money Market | | |
| Customer Service |  | |
| Mobile App | | |
| Pros & Cons | Pros:
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| Bottom Line | Solid online bank with excellent rates and no monthly 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 06/30/2022 Wells Fargo: Pricing information from published website as of 03/25/2022 based on 91107 zip code. | ||
Money Market Account - Get a Year of Amazon Prime
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.
CIT Bank Money Market Account - 1.00% APY
- 1.00% APY
- $100 minimum opening deposit
- No monthly maintenance fee
CIT Bank Savings Connect - 1.35% APY
- 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 Wells Fargo?
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.
Articles on CIT Bank
CIT Bank
CIT Bank offers a high interest rate. But how reliable is this online bank? Read this review to find out if what you heard is true.
CIT Bank Savings Builder
If you can save $100 per month, you can earn a high interest rate with CIT Bank Savings Builder. Find out if this bank is any good.
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 Builder vs Savings Connect
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 Wells Fargo
Wells Fargo Bank Review
Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options.
Wells Fargo Bank Hours
Wells Fargo is one of the biggest banks in the country. Here's when you can visit a branch near you.
Wells Fargo Routing Number
Not all routing numbers are the same for Wells Fargo. Here's how to find the routing number for your bank account.
Which Do You Think is Best?
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