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 | |
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CIT Bank Bonus Offer: $300 for New and Existing Customers - | Consumer Checking Account - $400 Bonus - | |
Benefits and Features | ||
| Savings | Savings Builder up to 1.70% 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 are under the age of 18. |
| CD | Term CDs up to 1.72% APY. $1,000 minimum opening deposit. | Standard Term CD: 0.05% - 0.15% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Special CD: 0.30% APY. Terms of 5 months. Minimum deposit of $5,000. Bonus of up to 0.35% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account. |
| Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 | |
| Money Market | Also known as the Platinum Savings Account. 0.05% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 0.10% requires account linked to Portfolio by Wells Fargo® relationship. | |
| Customer Service | Monday - Friday: 9:00 am - 9:00 pm (ET) Saturday: 10:00 am - 6:00 pm (ET) Sunday: Closed | 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% - 0.35% APY. Terms of 1 month to 114 months. Minimum deposit of $1,000. Special CD: 0.30% APY. Terms of 5 months. Minimum deposit of $2,500. Bonus of up to 0.40% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account. | |
| IRA Money Market | 0.03% - 0.05% APY. $100 minimum opening deposit. | |
| Locations | Approximately 5,400 retail banking branches coast to coast. | |
CreditDonkey® Reviews | ||
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| Pros & Cons | Pros:
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| Bottom Line | Solid online bank with excellent rates and no monthly fees... | |
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| What Others View | ||
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 Wells Fargo: Pricing information from published website as of 04/10/2020 based on 91107 zip code. | ||
Which is Better: CIT Bank or Wells Fargo?
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.
Articles on CIT Bank
CIT Bank Review
Want a high interest rate at a good FDIC insured bank? CIT is tempting, but has some downsides. Read this CIT Bank review before you open an account.
CIT Bank Savings Builder Review
If you can save just $100 per month, you can earn a high APY with CIT Bank Savings Builder. Find out if this bank is good for you.
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 Promo Code
Get $150 cash bonus with $25k deposit or $300 cash bonus with $50k deposit. You must use the promo code to get this deal. CIT Bank promotion is open to new AND existing customers. Limited time offer expires 5/30/2020.
CIT Bank Reviews
If you're storing your cash in a low-interest account, you're giving away free money. Worse, with fees, you could be losing money. Instead, consider an online bank with high interest and no fees.
How to Open CIT Bank Application
Opening an account with CIT Bank is simple. Take a look at what you'll need and check out your account options in our guide.
CIT Bank Savings Bonus
Does your money sit untouched in a low interest savings account? If so, maximizing your earnings can difficult. But don't worry—plenty of banks provide a solid APY with exciting new bonus offers.
CIT Bank Savings Builder Bonus
You can get up to $300 as a bonus from CIT Bank, whether you're a new or current customer. Keep reading to find out how to grab that bonus before it's gone.
Is CIT Bank Online Only
CIT Bank is an online-only bank with no physical branches. It offers checking and savings accounts with high rates and no monthly fees. Read on to find out how to manage your account and reach customer service.
CIT Bank Promotions
Established in 2000, CIT Bank has become a major player in the online banking industry. Because CIT has no physical branches to operate, they can offer customers attractive yields on deposit accounts while charging little to no fees.
Is CIT Bank a Real Bank
CIT Bank offers online checking and savings at high interest rates and low fees. Can it be trusted to keep your money safe? Read on for everything you need to know.
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 Routing Number
How do I find my Wells Fargo routing number? Here's how you can check.
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 Are Online Savings Accounts FDIC InsuredOnline banks are treated the same as traditional banks by the U.S. government. Online savings accounts are FDIC insured. If the bank were to fail, your money (up to $250,000) would be protected. | ||
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