NorthOne vs CIT Bank
NorthOne is a good business banking features and tools if you're okay with paying a monthly fee . How does it compare to CIT Bank? Read our comparison chart below.
NorthOne offers business banking with built-in financial tools. You get unlimited sub-accounts, unlimited transactions, invoice maker, and app integrations. But there is a $10 monthly fee with no options to waive.
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 NorthOne with CIT Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Visit Site | Visit Site | |
NorthOne | CIT Bank | |
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Get 3 months of free business banking - | CIT Bank Platinum Savings - | |
Benefits and Features | ||
Savings | No savings account, but you can create unlimited envelopes for savings goals | Platinum Savings: 5.05% APY with a balance of $5,000 or more Savings Connect: 4.65% APY Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit |
CD | Term CDs up to 5.00% APY. $1,000 minimum opening deposit. | |
Checking | $10 monthly fee (cannot be wavied); no balance requirements | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 |
Money Market | ||
APY | ||
Customer Service | Phone, email, and live chat: Monday - Sunday, 8 am - 10 pm EST. | Mon - Fri: 9 am - 9 pm ET Sat: 10 am - 6 pm ET Sunday: Closed |
Minimum Deposit to Open | ||
Mobile App | ||
ACH Transfer Fee | ||
ATMs | No ATM fees from CIT Bank. Up to $30 in other banks' ATM fees reimbursed per month (for eChecking Account) | |
Balance Requirement | ||
Cash Deposit Fee | ||
Incoming Wire Transfer Fee | ||
Locations | ||
Out of Network ATM Fee | ||
Outgoing Wire Transfer Fee | ||
Overdraft Fee | ||
Monthly Fee | ||
CreditDonkey® Reviews | ||
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Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Fees | ![]() ![]() ![]() ![]() ![]() | |
Savings | ![]() ![]() ![]() ![]() ![]() | |
Money Market | ![]() ![]() ![]() ![]() ![]() | |
Pros & Cons | Pros:
| Pros:
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Bottom Line | Good business banking features and tools if you're okay with paying a monthly fee... | Solid online bank with excellent rates and no monthly fees... |
Visit Site | Visit Site | |
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 09/21/2023. |
Get 3 months of free business banking
- Unlimited envelopes for all your business budgets
- Integrations with popular accounting and payment processing apps
- Free invoice maker
Get 1 month of free business banking
- Unlimited envelopes for all your business budgets
- Integrations with popular accounting and payment processing apps
- Free invoice maker
NorthOne Business Banking
- Unlimited envelopes for all your business budgets
- Integrations with popular accounting and payment processing apps
- Free invoice maker
- $50 minimum opening deposit
- $10 monthly fee
CIT Bank Platinum Savings - 5.05% APY
- 5.05% 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
CIT Bank Savings Connect - 4.65% APY
- Earn 11x the national average
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
CIT Bank Term CDs - Up to 5.00% APY
- Up to 5.00% APY
- $1,000 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
Term | CD Rates |
---|---|
6 Month | 5.00% APY |
1 Year | 0.30% APY |
13 Month | 4.65% APY |
18 Month | 4.60% APY |
2 Year | 0.40% APY |
3 Year | 0.40% APY |
4 Year | 0.50% APY |
5 Year | 0.50% APY |
Which is Better: NorthOne 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 NorthOne or Chase.
In short: NorthOne's customer service and mobile app are impressive.