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Wells Fargo vs CIT Bank

 CIT Bank
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Wells Fargo

CIT Bank

Consumer Checking Account - $400 Bonus - Learn More

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CIT Savings Builder - Earn 0.95% APY - Learn More

Read CIT Bank Review


Benefits and Features

Savings0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, or are under the age of 18.Savings Builder up to 0.95% APY with $25,000+ balance or $100 monthly deposit.
CDStandard Term CD: 0.05% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Special CD: 0.05% APY. Terms of 5 months. Minimum deposit of $5,000. Bonus of up to 0.08% APY if you maintain a linked Portfolio by Wells Fargo relationship.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 MarketAlso known as the Platinum Savings Account. 0.03% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 0.06% requires account linked to Portfolio by Wells Fargo relationship.
1.00% APY
Customer ServiceAvailable 24 hours a day, 7 days a week.Monday - Friday: 9:00 am - 9:00 pm (ET)
Saturday: 10:00 am - 6:00 pm (ET)
Sunday: Closed
ATMsMore than 13,000 ATMs across the country. 
IRA CDStandard Term CD: 0.01% - 0.05% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Special CD: 0.05% APY. Terms of 5 months. Minimum deposit of $2,500. Bonus of up to 0.08% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account. 
IRA Money Market0.03% APY. $100 minimum opening deposit. 
LocationsApproximately 5,400 retail banking branches coast to coast.
Online Only

CreditDonkey® Reviews

 CIT Bank
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • High yield
  • No monthly service fees
  • Low opening deposits
  • No physical locations
  • No check writing
Bottom Line Read full reviewSolid online bank with excellent rates and no monthly fees... Read full review
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What Others View

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    Wells Fargo: Pricing information from published website as of 07/03/2020 based on 91107 zip code.

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

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