Western Alliance Bank vs CIT Bank

Western Alliance Bank is a solid bank that offers high APY savings products via Raisin. How does it compare to CIT Bank? Read our comparison chart below.

Western Alliance Bank offers high-yield savings products through SaveBetter. Through the SaveBetter platform, you can open Western Alliance Bank's savings and CD accounts with just $1 minimum and no monthly fee.

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

	Western Alliance Bank	CIT Bank
		Member FDIC
	Learn More	Visit Site
	SPECIAL OFFER High Yield Savings Account - 5.26% APY - Learn More Read Western Alliance Bank Review	SPECIAL OFFER CIT Bank Platinum Savings - Learn More Read CIT Bank Review
	Benefits and Features
Savings	5.26% APY	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	Up to 5.51%; 3-12 month term CDs. $1 minimum deposit.	Term CDs up to 5.00% APY. $1,000 minimum opening deposit.
Checking	N/A	eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000
Money Market		1.55% APY
Customer Service		Mon - Fri: 9 am - 9 pm ET Sat: 10 am - 6 pm ET Sunday: Closed
Mobile App		iOS & Android
ATMs		No ATM fees from CIT Bank. Up to $30 in other banks' ATM fees reimbursed per month (for eChecking Account)
Locations		Online Only
	CreditDonkey® Reviews

Savings
CD
Customer Service
Mobile App
Checking
Money Market
Pros & Cons	Pros: High APY No fees $1 to open Cons: No ATM card No checking account Only available via Raisin	Pros: High savings APY No monthly fees Low opening deposits Cons: No check writing
Bottom Line	Solid bank that offers high APY savings products via Raisin... Read full review	Solid online bank with excellent rates and no monthly fees... Read full review
	Learn More	Visit Site
	High Yield Savings Account - 5.26% APY 3-Month High-Yield CD - 5.51% APY 6-Month High-Yield CD - 5.28% APY	CIT Bank Platinum Savings CIT Bank Savings Connect CIT Bank Term CDs - Up to 5.00% APY
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Western Alliance Bank: Information sourced from the published website as of 12/04/2023. CIT Bank: Pricing information and data points from published website as of 12/05/2023.

High Yield Savings Account - 5.26% APY

Get Deal

No fees
$1 minimum deposit
24/7 online access
FDIC insured

3-Month High-Yield CD - 5.51% APY

Get Deal

No fees
$1 minimum deposit
24/7 online access
FDIC insured

6-Month High-Yield CD - 5.28% APY

Get Deal

No fees
$1 minimum deposit
24/7 online access
FDIC insured

Member FDIC

CIT Bank Platinum Savings - 5.05% APY

Learn More

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

Member FDIC

CIT Bank Savings Connect - 4.65% APY

Learn More

Earn 11x the national average
$100 minimum opening deposit
No monthly maintenance fee
Member FDIC

Member FDIC

CIT Bank Term CDs - Up to 5.00% APY

Learn More

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: Western Alliance 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 Western Alliance Bank or Chase.

In short: CIT Bank's customer service and mobile app are notable.