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.
In comparison to US Bank has different locations with more than 3,000 branches across 26 states.
They offer a wide variety of checking, savings, CDs, and retirement accounts available to those who are looking for them. Plus they also have specific accounts for students and seniors.
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.
CIT Bank | US Bank | |
Locations | Online-only bank | More than 3,000 branches across the U.S. (Locator) |
ATMs | More than 4,700 ATMs | |
Savings | 4.5/5 | 3/5 |
CD | 4/5 | |
Checking | 4.5/5 | 3/5 |
Money Market | 5/5 | 3/5 |
Customer Service | 4/5 | 4.5/5 |
Mobile App | 4.5/5 | 4.5/5 |
Pros | -High yield -No monthly service fees -Low opening deposits |
-Promo CD with high APY -Free student account -24/7 customer service |
Cons | -No physical locations -No check writing |
-High minimums to waive fees – Low savings |
Bottom Line | CIT Bank is a good online bank that offers a good eChecking account and savings options.| | US Bank offers a wide selection of accounts catered to your needs. |
U.S. 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 4.90% 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
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- US Bank vs Citibank
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- Chase vs US Bank
- Huntington Bank vs US Bank
- PNC Bank vs US Bank
- Wells Fargo vs US Bank
- Citibank vs US Bank
- Bank of America vs US Bank
Bottom Line
Which Bank is Better: CIT Bank or US Bank?
In summary:
- 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.
- US Bank offers different types of accounts from savings to retirements. They also catering to students and senior citizens.
For other banking options, see our list of the best bank account bonuses & savings account offers.
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
More on US Bank:
- What Are US Bank’s Hours?
- How To Open a US Bank Account
- US Bank Routing Number
- How To Find and Use Your US Bank Login
- What Is the US Bank Cashier’s Check Fee?
- US Bank Review
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