Citibank vs CIT Bank

Citibank is a large national bank best for high balance customers. How does it compare to CIT Bank? Read our comparison chart below.

Citibank has 700 branches across the U.S. Accounts must be opened as a checking & savings package. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

While 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.

Compare Citibank with CIT Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Citibank	CIT Bank
	SPECIAL OFFER Citi Priority Package - $700 Bonus - Learn More Read Citibank Review	SPECIAL OFFER CIT Bank Savings Builder - Up to $300 Bonus - Learn More Read CIT Bank Review
	Benefits and Features
Savings	0.04% APY. No minimum deposit. $4.50 monthly fee unless you maintain an average monthly balance of $500.	Savings Builder up to 1.85% APY with $25,000 minimum balance or $100 monthly deposit. $100 minimum opening deposit.
CD	0.05% - 1.75% APY. Terms ranging from 3 months to 5 years. Minimum opening deposit is $1,000 in CA, and NV, $2,500 in MD, DC, VA, and FL, $500 in all other markets.	Term CDs up to 1.85% APY. $1,000 minimum opening deposit. No monthly maintenance fee.
Checking		eChecking: 0.25% APY with $25,000 minimum balance and 0.10% APY on balances under $25,000
Money Market	A.k.a 'Savings Plus' Account. 0.01% - 0.10% APY. Minimum opening deposit $100.	1.85% APY. $100 minimum deposit. No monthly maintenance fee.
Customer Service	24/7 Live Customer Service (Telephone)	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)
ATMs	2400 ATMs across the country. Citibank also works at all MoneyPass ATMs, which means access to over 60,000 no-fee ATMs.
IRA CD	Can convert an IRA to a regular CD account. 0.05% - 1.75% APY. Terms ranging from 3 months to 5 years. Minimum opening deposit is $1,000 in CA, and NV, $2,500 in MD, DC, VA, and FL, $500 in all other markets.
IRA Money Market	Can convert an IRA account to a regular Money Market account. 0.01% - 0.10% APY. Minimum opening deposit $100.
Locations	700 Citibank branches across 13 states (mostly in California and New York)	Online Only
	CreditDonkey® Reviews
Savings
CD
Checking
Customer Service
Mobile App
Money Market
Pros & Cons	Pros: Perks for high balance customers Many fee-free ATMs Global presence Cons: No free checking option Higher balance requirements Low savings APY	Pros: High APY No minimum deposit for savings No monthly service fees Cons: No checking accounts No ATM card
Bottom Line	Large national bank best for high balance customers... Read full review	Solid online bank with excellent rates and no monthly fees... Read full review
	Citi Priority Package - $700 Bonus Citi Account Package - $400 Bonus Citi Basic Banking Package - $200 Bonus	CIT Bank Savings Builder - Up to $300 Bonus Open a CIT Bank 1.85% APY Savings Builder High Yield Savings Account CIT Bank Savings Builder - $150 Bonus
What Others View	Chase HSBC Bank
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Citibank: Pricing information from published website as of 11/15/2019. CIT Bank: Pricing information from published website as of 10/1/2019

Which is Better: Citibank or CIT Bank?

Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing Citibank or Chase.

In short: CIT Bank's savings is notable.

Articles on Citibank

Citibank Review
Citibank offers credit cards and banking services. But service fees and balance requirements are on the high side. Is it the right bank for you? Keep reading to find out.
• Citibank vs Chase
• Citibank vs US Bank
• Citibank vs Bank of America
Citibank Routing Number
Looking to transfer money in or out of your Citibank checking or savings account? You'll need the right routing number. Find your Citibank routing number and learn about money transfers below.
• Citibank vs HSBC Bank
• Citibank vs Wells Fargo

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 vs Ally Bank
• CIT Bank vs Synchrony Bank
• CIT Bank vs Discover Bank
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 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.

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