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SunTrust Bank vs CIT Bank

SunTrust Bank is a southeastern regional bank known for good customer service. How does it compare to CIT Bank? Read our comparison chart below.

SunTrust Bank has 1,400 branches in the Southeast region. Checking accounts require $100 to open and offers different ways to waive fees. Select Savings account offers an annual 1% bonus up to $25. Promotional CD offers a high APY with a $2,000 minimum opening deposit.

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

 CIT Bank
 Learn MoreVisit Site
 

SunTrust Bank

CIT Bank

SPECIAL OFFER
SunTrust Advantage Checking Account - $400 Bonus - Learn More

Read SunTrust Bank Review

SPECIAL OFFER
CIT Bank Money Market Account - 1.00% APY - Learn More

Read CIT Bank Review

 

Benefits and Features

Savings0.01% APY for all savings account. For Essential Savings Account - no minimum opening deposit, no monthly maintenance fee, no tiered interest rates. For Select Savings Account - $100 minimum opening deposit, $7 monthly maintenance fee unless 1) minimum $25 per month auto-transfer from a SunTrust personal checking account or, 2) $1,000 minimum daily collected balance. Has tiered interest rates.Savings Builder up to 0.85% APY with $25,000+ balance or $100 monthly deposit.
CD0.05% APY. Terms ranging from 6 months - 24 months. $2000 minimum opening deposit.Term CDs up to 1.05% 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 MarketMinimum opening deposit $100. Monthly maintenance fee $17 unless 1) one (1) automated transfer ($100 minimum) occurs, OR 2) a minimum daily collected balance of $10,000 is maintained.
1.00% APY
Customer Service24/7 Telephone and Automated Customer ServiceMonday - Friday: 9:00 am - 9:00 pm (ET)
Saturday: 10:00 am - 6:00 pm (ET)
Sunday: Closed
ATMsMore than 2160 ATMs across 11 southeastern states and Washington DC. 
IRA CDTerms ranging from 1 - 10 years. 
Locations1400 bank branches across 11 southeastern states and Washington D.C.
Online Only
 

CreditDonkey® Reviews

 CIT Bank
Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • High APY for CDs
  • Free student account
  • Good customer service
Cons:
  • No free checking option
  • Low savings APY
  • Limited branches
Pros:
  • High yield
  • No monthly service fees
  • Low opening deposits
Cons:
  • No physical locations
  • No check writing
Bottom LineSoutheastern regional bank known for good customer service... Read full reviewSolid online bank with excellent rates and no monthly fees... Read full review
 Learn MoreVisit Site

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

SunTrust Bank: Pricing information from published website as of 08/05/2020 based on 91107 zip code.

CIT Bank: Pricing information from published website as of 06/03/2020

Which is Better: SunTrust Bank or CIT Bank?

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

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


Articles on SunTrust Bank


Articles on CIT Bank


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