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 is an online division of First Citizens Bank. It's known for high interest rates on its savings accounts and CDs. In addition, it offers an eChecking account. All accounts have no monthly service fees.
While Wells Fargo is one of America's largest banks with approximately 4,100 locations and more than 11,000 ATMs. Offers many checking options, including Everyday Checking and Clear Access Banking for those who have 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, reviews, pros and cons.
|  Member FDIC |  Member FDIC |
| Visit Site | Learn More |
| SPECIAL OFFER CIT Bank Platinum Savings - Learn MoreRead CIT Bank Review | SPECIAL OFFER Personal Checking Account - $125 BonusRead Wells Fargo Review |
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| Benefits and Features |
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Savings | Platinum Savings: 4.10% APY with a balance of $5,000 or more
Savings Connect: 4.00% APY
Savings Builder up to 1.00% 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, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account, or primary account owner is 24 years old or under. |
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CD | Term CDs up to 3.50% APY. $1,000 minimum opening deposit. | Standard Fixed Term CD available online: 2.00% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Relationship APY: 2.01% APY when you link a Wells Fargo Prime Checking, Premier Checking, or Private Bank Interest Checking account to the CD. More CD terms are available in branch. |
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Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 | Clear Access Banking, Everyday Checking, Prime Checking, Premier Checking |
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Money Market | 1.55% APY | |
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Mobile App | iOS & Android | iOS & Android |
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ATMs | No ATM fees from CIT Bank. Up to $30 in other banks' ATM fees reimbursed per month (for eChecking Account) | 11,000+ ATMs across the country |
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Customer Service | Mon - Fri: 9 am - 9 pm ET
Sat: 10 am - 6 pm ET
Sunday: Closed
| Available 24 hours a day, 7 days a week. |
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IRA CD | | Standard Term CD: 0.01% to 2.75% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Relationship APY: 0.02% to 2.76% APY when you link a Wells Fargo Prime Checking, Premier Checking, or Private Bank Interest Checking account to the CD. |
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Locations | Online Only | approximately 4,100 retail banking branches coast to coast |
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| CreditDonkey® Reviews |
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Savings |      |      |
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Checking |      |      |
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Money Market |      | |
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Mobile App |      |      |
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Customer Service |      |      |
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CD | |      |
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Pros & Cons | Pros:- High savings APY
- No monthly fees
- Low opening deposits
Cons: | Pros:- Low requirements for Everyday Checking
- Full service bank
- 24/7 customer service
Cons:- Low savings rates
- Not in all states
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Bottom Line | Solid online bank with excellent rates and no monthly fees... Read full review | A "big 4" bank with a good range of checking accounts and full services... Read full review |
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| Visit Site | Learn More |
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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 05/09/2025. Wells Fargo: Pricing information from the published website as of 05/09/2025 is based on the 91101 zip code. |

Member FDIC
- Transfer a one-time deposit of $50,000+ for a Bonus of $300
- 4.10% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- No monthly maintenance fee
- Member FDIC
Terms and Conditions- There are is no period of time where the customer will be required to maintain the funds.
- Account must be open when bonus is credited
- Promotion is available per account and Primary customer
- Bonus will be credited into the Platinum Savings Account that fulfills the funding requirement
- Funding can be deposited in one-deposit or incrementally
- Promotion Period will be 3 months or until CIT's goals are met, whichever comes first

Member FDIC
- Transfer a one-time deposit of $25,000 - $49,999.99 for a Bonus of $225
- 4.10% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- No monthly maintenance fee
- Member FDIC
Terms and Conditions- There are is no period of time where the customer will be required to maintain the funds.
- Account must be open when bonus is credited
- Promotion is available per account and Primary customer
- Bonus will be credited into the Platinum Savings Account that fulfills the funding requirement
- Funding can be deposited in one-deposit or incrementally
- Promotion Period will be 3 months or until CIT's goals are met, whichever comes first

Member FDIC
- 4.10% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
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 UFB Direct.
In short: CIT Bank's savings is outstanding. Wells Fargo's mobile app is impressive.
Articles on 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 is a well-known online bank with high savings interest rates. Find out how CIT Bank's CD rates compares to other trustworthy banks.
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 Platinum Savings is CIT Bank's newest savings account. It advertises a higher APY. Check out how it compares to Savings Connect. Get a higher rate now.
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 is an online bank that offers a variety of savings products. Find out how to manage your account, reach customer service, and the bank's current offers.
CIT Platinum Savings Account boasts a higher APY than its other savings accounts. But there's a catch. Read on to learn how to get the highest APY.
CIT Bank offers a CD account that has no penalty for early withdrawal. Read on to learn about the APY and any requirements or fees that come with it.
CIT Bank savings accounts offer some of the highest APYs with minimal requirements. Read on to learn how CIT can help you grow your money.
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.
Forgot your CIT Bank username? We'll show you how to login your online bank account.
Want to transfer money in or out of your CIT Bank account? Read this review to find your ABA routing number.
Articles on Wells Fargo
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 may offer a cash bonus when you open a checking account. Read on to learn more.
Looking for a traditional bank to grow your funds? Wells Fargo offers a high-yield savings account with a decent rate. Read on to find out more.
Wells Fargo is one of the largest banks in the U.S. Should you get a Wells Fargo CD? Might be worth considering. Learn more.
Wells Fargo is one of the biggest banks in the country. Here's when you can visit a branch near you.
Not all routing numbers are the same for Wells Fargo. Here's how to find the routing number for your bank account.
Which Bank Account is Right for You?
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