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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.

 CIT Bank
 Visit SiteLearn More
 

CIT Bank

Wells Fargo

SPECIAL OFFER
CIT Bank Money Market Account - Learn More

Read CIT Bank Review

SPECIAL OFFER
Personal Checking Account - $200 Bonus - Learn More

Read Wells Fargo Review

 

Benefits and Features

SavingsSavings 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
CDTerm 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.
CheckingeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000Clear Access Banking, Everyday Checking, Portfolio by Wells Fargo
Money Market
1.00% APY
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
  • 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% 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
Online Only
Approximately 5,400 retail banking branches coast to coast.
 

CreditDonkey® Reviews

 CIT Bank
SavingsStarStarStarStarHalf Star
CheckingStarStarStarStarHalf Star
Money MarketStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf Star
Pros & ConsPros:
  • High yield
  • No monthly service fees
  • Low opening deposits
Cons:
  • No physical locations
  • No check writing
Bottom LineSolid online bank with excellent rates and no monthly fees... Read full review Read full review
 Visit SiteLearn More

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.

CIT Bank
Member FDIC

Money Market Account - Get a Year of Amazon Prime

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.
CIT Bank
Member FDIC

CIT Bank Money Market Account - 1.00% APY

  • 1.00% APY
  • $100 minimum opening deposit
  • No monthly maintenance fee
CIT Bank
Member FDIC

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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