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.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
| Chase Total Checking® | $200 Cash | Review |
| J.P. Morgan Self-Directed Investing | Up to $625 Cash | Review |
| Chase Secure BankingSM | $100 Cash | Review |
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| Chase | CIT Bank | |
| Locations | Branches in Several States (Locator) | Online-only bank |
| ATMs | Chase ATMs nationwide | |
| Savings | 3.5/5 | 4.5/5 |
| CD | ||
| Checking | 4/5 | 4.5/5 |
| Money Market | 5/5 | |
| Customer Service | 4/5 | 4/5 |
| Mobile App | 5/5 | 4.5/5 |
| Pros | -Branches in many states -New customer coupons -Full service banking |
-High yield -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
Chase Business CheckingChase Premier Plus CheckingSMChase Total Checking®Chase SavingsSMYou InvestSM by J.P. MorganChase SapphireSM CheckingChase Total Checking® + Chase SavingsSMChase College CheckingSMChase Private Client
 • Earn $300 when you open a new Chase Business Complete Checking account. For new Chase business checking customers with qualifying activities. • More ways to waive fees. Multiple options to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card • Built-in card acceptance. Accept card payments anytime, anywhere in the U.S., and get transparent pricing with Chase QuickAcceptSM. • Same-day deposits with QuickAcceptSM. Free up the cash you need to keep your business moving forward with same-day deposits at no additional cost. • Alerts to help you stay on top of your account activity. • Easy account management through Chase Business online and the Chase Mobile® app. • Unlimited electronic deposits, ACH and Chase Quick DepositSM. • Convenient access to 16,000 ATMs and more than 4,700 branches. |
• New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit • Access to 16,000 Chase ATMs and more than 4,700 branches • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device. • Open your account online now • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. • Chase Overdraft AssistSM: $0 overdraft fee when you overdraw your account $50 or less* *We won't charge an overdraft fee if you are overdrawn $50 or less at the end of the business day. Chase may pay, for a $34 fee, overdraft transactions at our discretion based on your account history, deposits and transaction amount. If you've enrolled in Debit Card Coverage, everyday debit card purchases like groceries, may be approved at our discretion when you don't have enough money in your account. |
CIT Bank Promotions
CIT Bank Savings BuilderCIT Bank Money MarketCIT Bank CDCIT Bank No-Penalty CD
 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 0.55% 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 |
Learn more about CIT Bank Savings Builder from CIT Bank. Our full list of CIT Bank bonuses here.
With the CIT Bank Money Market Account, you can earn a competitive interest rate and access your money easily. • Earn 0.70% 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 |
Learn more about CIT Bank Money Market from CIT Bank. Our full list of CIT Bank bonuses here.
 • Available online nationwide • Earn 0.30% APY on a 12-Month CD Term • Earn up to 0.50% 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! |
Learn more about CIT Bank CD from CIT Bank. Our full list of CIT Bank bonuses here.
With the CIT Bank No-Penalty 11-Month CD: • Earn 0.30% 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. |
Learn more about CIT Bank No-Penalty CD from CIT Bank. Our full list of CIT Bank bonuses here.
Compare to Other Banks
Chase Bank:
- 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
CIT Bank:
Bottom Line
Which Bank is Better: Chase or CIT Bank?
In summary:
- 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
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