CIT Bank vs Fifth Third Bank
CIT Bank is a solid online bank with excellent rates and no monthly fees. How does it compare to Fifth Third Bank? Read our comparison chart below.
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.
While Fifth Third Bank has 1,300 branches across the Midwest and Southwest. Basic checking account requires $1,500 minimum balance to avoid fees. Promotional CD offers a high APY for terms up to 27 months with a $5,000 minimum opening deposit.
Compare CIT Bank with Fifth Third Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Visit Site | Visit Site | |
CIT Bank | Fifth Third Bank | |
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CIT Bank Platinum Savings - | Personal Checking Account - $400 Bonus - | |
Benefits and Features | ||
Savings | Platinum Savings: 4.70% APY with a balance of $5,000 or more Savings Connect: 4.35% APY Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit | |
CD | Term CDs up to 3.50% APY. $1,000 minimum opening deposit. | 0.01% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 2.00% to 4.00% APY. Terms are 3, 7, 13, and 24 months, minimum deposit of $5,000. |
Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 |
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Money Market | 0.01% APY Standard Rate (0.01% Relationship Rate) | |
Mobile App | ||
ATMs | No ATM fees from CIT Bank. Up to $30 in other banks' ATM fees reimbursed per month (for eChecking Account) | Allpoint® and 7-Eleven® network of ATMs. More than 40,000 fee-free ATMs nationwide. |
Customer Service | Mon - Fri: 9 am - 9 pm ET Sat: 10 am - 6 pm ET Sunday: Closed |
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Locations | ||
CreditDonkey® Reviews | ||
Savings | ||
Checking | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
CD | ||
Pros & Cons | Pros:
| Pros:
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Bottom Line | Solid online bank with excellent rates and no monthly fees... | Midwest & Southwest bank with high balance requirements... |
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 10/24/2024. Fifth Third Bank: Pricing information from published website as of 10/24/2024 based on 45202 zip code. |
CIT Bank Platinum Savings - 4.70% APY
- 4.70% 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 - 4.35% APY
- Earn 9x the national average
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
CIT Bank Term CDs - Up to 3.50% APY
- Up to 3.50% APY
- $1,000 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
Term | CD Rates |
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6 Month | 3.00% APY |
1 Year | 0.30% APY |
13 Month | 3.50% APY |
18 Month | 3.00% APY |
2 Year | 0.40% APY |
3 Year | 0.40% APY |
4 Year | 0.50% APY |
5 Year | 0.50% APY |
Personal Checking Account - $400 Bonus
Open an eligible Fifth Third checking account. Make direct deposits totaling $500 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.
Fifth Third Momentum® Checking - $400 Bonus
Open an eligible Fifth Third checking account. Make direct deposits totaling $500 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.
Which is Better: CIT Bank or Fifth Third Bank?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing CIT Bank or Discover Bank.
In short: CIT Bank's savings, checking, and money market are notable. In particular, the savings is outstanding.