Chase is one of the biggest banks in the Unites States, they offer everything from personal banking to mortgages to loans, as well as a popular range of credit cards.
Not to mention, they offer more checking options compared to other competitors.
Whereas, CIT Bank offers accounts for savings and multiple CDs, including a no-penalty CD.
There are no monthly service fees, but both the savings and money market requires a $100 minimum deposit while term CDs require a $1,000 minimum.
Continue reading below to see a side-by-side comparison between the two banks, so you can see which one offers the services you need the most.
|Chase Business Complete BankingSM||$300 Cash||Review|
|Chase Private Client||$3,000 Cash||Review|
|Chase Total Checking®||$200 Cash||Review|
|J.P. Morgan Self-Directed Investing||Up to $700 Cash||Review|
|Chase College CheckingSM||$100 Cash||Review|
|Chase Secure BankingSM||$100 Cash||Review|
|Locations||Branches in Several States (Locator)||Online-only bank|
|ATMs||Chase ATMs nationwide|
|Pros||-Branches in many states
-New customer coupons
-Full service banking
-No monthly service fees
-Low opening deposits
|Cons||-Low interest rates
– Not in all states
|-No physical locations
-No check writing
|Bottom Line||Chase is a good choice if you’re looking for a bank with full range of service||CIT Bank is a good online bank that offers a good eChecking account and savings options.|
Chase Bank Promotions
CIT Bank Promotions
With the CIT Bank Savings Builders account:
• Earn a top tier, competitive APY on your money—one of the top savings rates in the nation. Earn up to 1.00% APY on your funds - grow your savings faster.
• Build a habit of savings. Pay yourself first. Start with $100 per month and build your habit of savings-—all while getting a top rate.
• FDIC Insured
With the CIT Bank Money Market Account, you can earn a competitive interest rate and access your money easily.
• Earn 1.55% APY on your funds
• One of the nation's top rates — several times the national average.
• Get up to 6 digital transfers/withdrawals per statement cycle
• Save smart and get more for your money
• Higher rates than traditional banks
• Get 24/7 Account Access
• Secure banking features
• Open with as little as $100
• FDIC insured
• Available online nationwide
• Earn up to 5.00% APY
• $1,000 minimum to open
• Selection of terms to meet your needs
• A range of choices. Low minimum deposits.
• No fees to open or maintain the account
• Available as Custodial
• Open a CIT Bank Certificate of Deposit Account today!
With the CIT Bank No-Penalty 11-Month CD:
• Earn 4.80% APY on your funds with just a $1,000 minimum deposit.
• The perfect balance between a great fixed rate and flexible money access.
• Access funds, if needed. No penalty.
• No opening or maintenance fees
• Shorter 11-month timeframe and a great APY
• If you need your funds prior to the maturity date, you can withdraw your money — including any interest earned — beginning seven days after the funds have been received. No penalty. No problem. It's the security of a CD with the flexibility to access your funds early if you need them.
Compare to Other Banks
- Chase vs Bank of America
- Chase vs Fifth Third Bank
- Chase vs Wells Fargo
- Chase vs US Bank
- Chase vs PNC Bank
- Discover Bank vs Chase
Which Bank is Better: Chase or CIT Bank?
- Chase is a good choice if you’re looking for a bank with full range of services, physical locations, lots of ATMS, and good mobile banking.
- CIT Bank’s money market account is outstanding. They offer high rates without the balance requirements, so this is a good choice if you aren’t able to commit saving a certain amount each month.
For other banking options, see our list of the best bank account bonuses & savings account offers.
More on Chase Bank:
- What Are Chase Bank’s Hours?
- How To Find and Use Your Chase Bank Login
- What Do You Need to Open a Chase Bank Account?
- How To Order Checks via Chase: Online, Vendor Site or by Phone
- How to Set Up Chase Online Bill Pay
- How to Stop Payment for a Chase Check
- Chase Business Routing Number
- How to Stop Payment for a Chase Check
More on CIT Bank:
- What Are CIT Bank’s Hours?
- CIT Bank Routing Number
- How to Open CIT Bank Account
- Why CIT Bank is Trustworthy
- How To Use and Find Your CIT Bank Login
Leave a Reply