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KeyBank vs CIT Bank

KeyBank is a bank with a variety of deposit products and great financial tools. How does it compare to CIT Bank? Read our comparison chart below.

KeyBank has over 1,200 branches in 16 states. It offers a range of checking and savings accounts. Some relationship products offer perks like lower loan rates and higher savings APY. Key Bank has higher monthly service fees and heavier requirements to waive, but there is a free checking option.

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

 CIT Bank
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KeyBank

CIT Bank

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

Read KeyBank Review

SPECIAL OFFER
CIT Bank Bonus Offer: $300 for New and Existing Customers - Learn More

Read CIT Bank Review

 

Benefits and Features

Savings0.01% APY. $10 minimum opening deposit. $4 monthly maintenance fee unless you 1) have $300 daily balance, or have 2) $5 monthly minimum direct deposit or recurring transfer from another Key account, or 3) have a HelloWallet Financial Wellness Score of at least 1.Savings Builder up to 1.75% APY with $25,000+ balance or $100 monthly deposit.
CDStandard Term CD: 0.05% - 0.10% APY. Terms of 7 days to 10 years. Minimum deposit of $2,500. Promotional CD: 0.05% - 0.75% APY. Terms of 14 and 20 months. Minimum deposit of $10,000.Term CDs up to 1.85% 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 MarketStandard rate of 0.05% APY depending on balance. (6-Month Variable bonus relationship rate of 0.22% APY for a minimum opening deposit of $5,000) $50 minimum opening deposit. Monthly maintenance charge of $12. Can be waived with $5,000 daily balance or monthly direct deposit of at least $25.00 or having a qualifying Key Checking Account.
1.80% APY
Customer ServiceTelephone Service available 24/7Monday - Friday: 8:00 am - 9:00 pm (ET)
Saturday: 9:00 am - 5:00 pm (ET)
Sunday: 11:00 am - 4:00 pm (ET)
ATMsMore than 1,500 ATMs in Alaska, Colorado, Connecticut, Florida, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington. 
LocationsMore than 1,200 branches in 16 states: Alaska, Colorado, Connecticut, Florida, Idaho, Indiana, Maine, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, Utah, Vermont, and Washington.
Online Only
 

CreditDonkey® Reviews

 CIT Bank
Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • HelloWallet financial tools
  • Free checking option
  • 24/7 customer service
Cons:
  • Limited branches
  • High account fees
Pros:
  • High yield
  • No monthly service fees
  • Low opening deposits
Cons:
  • No physical locations
  • No check writing
Bottom LineBank with a variety of deposit products and great financial tools... Read full reviewSolid online bank with excellent rates and no monthly fees... Read full review
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What Others View

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

    KeyBank: Pricing information from published website as of 02/24/2020 based on 44114 zip code.

    CIT Bank: Pricing information from published website as of 02/20/2020

    Which is Better: KeyBank or CIT Bank?

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

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


    Articles on KeyBank


    Articles on CIT Bank


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    CIT Bank Promo Code

    Get $150 cash bonus with $25k deposit or $300 cash bonus with $50k deposit. You must use the promo code to get this deal. CIT Bank promotion is open to new AND existing customers. Limited time offer expires 5/30/2020.

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