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First Citizens Bank vs CIT Bank

First Citizens Bank is a full-service bank with waivable fees and low APYs. How does it compare to CIT Bank? Read our comparison chart below.

First Citizens Bank is a full-service bank with over 550 branches in 19 states. It offers a basic Free Checking account with just $50 deposit. Plus, it has premium checking options, savings, loans, credit cards, and business accounts.

While 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.

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

 First Citizens BankCIT Bank
 Visit SiteVisit Site
 

First Citizens Bank

CIT Bank

SPECIAL OFFER
Free Checking - Learn More

Read First Citizens Bank Review

SPECIAL OFFER
CIT Bank Savings Connect - Learn More

Read CIT Bank Review

 

Benefits and Features

Savings Savings Connect: 3.60% APY
Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit.
CD Term CDs up to 4.50% APY. $1,000 minimum opening deposit.
Checking eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000
Money Market 
1.55% APY
Customer ServiceMonday to Sunday 7:00AM - 11:00PM (ET)
  • Monday - Friday: 9:00 am - 9:00 pm (ET)
  • Saturday: 10:00 am - 6:00 pm (ET)
  • Sunday: Closed
LocationsOver 500 branches across 19 states.
Online Only
 

CreditDonkey® Reviews

 First Citizens BankCIT Bank
SavingsStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarStarStar
CheckingStarStarStarEmpty StarEmpty StarStarStarStarStarHalf Star
Customer ServiceStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarEmpty Star
Money MarketStarStarStarStarHalf Star
Pros & ConsPros:
  • Low opening deposit on some accounts
  • Monthly fees can be waived
  • Overdraft protection available
Cons:
  • Low APYs
  • Only available in 19 states
Pros:
  • High savings APY
  • No monthly fees
  • Low opening deposits
Cons:
  • No physical locations
  • No check writing
Bottom LineFull-service bank with waivable fees and low APYs... Read full reviewSolid online bank with excellent rates and no monthly fees... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

First Citizens Bank: Pricing information from published website as of 10/03/2021.

CIT Bank: Pricing information and data points from published website as of 10/18/2022.

First Citizens Bank
Member FDIC

Free Checking

  • $0 monthly fee when you enroll in paperless statements
  • $50 minimum opening deposit
  • No minimum balance
CIT Bank
Member FDIC

CIT Bank Savings Connect - 3.60% APY

  • Earn 15x the national average
  • $100 minimum opening deposit
  • No monthly maintenance fee
CIT Bank
Member FDIC

Money Market Account - Get a Year of Amazon Prime

Expires 12/23/2022
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 Term CDs

  • Up to 4.50% APY
  • $1,000 minimum opening deposit
  • No monthly maintenance fee
TermCD Rates
6 Month2.75% APY
1 Year0.30% APY
13 Month4.35% APY
18 Month4.50% APY
2 Year0.40% APY
3 Year0.40% APY
4 Year0.50% APY
5 Year0.50% APY

Which is Better: First Citizens Bank or CIT Bank?

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

In short: CIT Bank's savings, checking, and customer service are notable. In particular, the savings is outstanding.


Articles on First Citizens Bank

First Citizens Bank Review

First Citizens Bank offers many account options with low opening deposits and fees. But there are downsides. Find out if First Citizens is a good bank for you.

Articles on CIT Bank

CIT Bank Review

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 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.

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 Savings Connect vs Savings Builder

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.

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 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.

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.

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.

CIT Bank Login

Forgot your CIT Bank username? We'll show you how to login your online bank account.

CIT Bank Savings Builder Review

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 Routing Number

Want to transfer money in or out of your CIT Bank account? Read this review to find your ABA routing number.

Which Do You Think is Best?





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