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. It has no checking. 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.

	CIT Bank	Wells Fargo


	SPECIAL OFFER Open a CIT Bank 2.10% APY Savings Builder High Yield Savings Account - Learn More Read CIT Bank Review	SPECIAL OFFER Checking and Savings Account - $650 Bonus - Learn More Read Wells Fargo Review
	Benefits and Features
Savings	Savings Builder up to 2.10% APY with $25,000 minimum balance or $100 monthly deposit. $100 minimum opening 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 1.95% APY. $1,000 minimum opening deposit. No monthly maintenance fee.	Standard Term CD: 0.05% - 0.35% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Special CD: 1.15% - 1.50% APY. Terms of 9, 29, and 39 months. Minimum deposit of $5,000. Bonus of up to 1.55% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
Money Market	1.85% APY. $100 minimum deposit. No monthly maintenance fee.	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: 8:00 am - 9:00 pm (ET) Saturday: 9:00 am - 5:00 pm (ET) Sunday: 11:00 am - 4:00 pm (ET)	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: 1.15% - 1.50% APY. Terms of 9, 29, and 39 months. Minimum deposit of $2,500. Bonus of up to 1.55% 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	Online Only	More than 5,400 branches across the country.
	CreditDonkey® Reviews

Savings
Money Market
Customer Service
Mobile App
Pros & Cons	Pros: High APY No minimum deposit for savings No monthly service fees Cons: No checking accounts No ATM card
Bottom Line	Solid online bank with excellent rates and no monthly fees... Read full review	Read full review

	Open a CIT Bank 2.10% APY Savings Builder High Yield Savings Account Money Market Account - 1.85% APY Open a CD with CIT	Checking and Savings Account - $650 Bonus Consumer Checking Account - $400 Bonus Savings Account - $250 Bonus
What Others View		Chase
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 Wells Fargo: Pricing information from published website as of 10/19/19 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 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.

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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 savings products. How are their CD rates? Find out the current rates and how they compare.

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 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.

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