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.
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|
-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.|
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 0.40% 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 0.45% 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 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!
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.
Compare to Other Banks
- CIT Bank vs US Bank
- CIT Bank vs Ally Bank
- CIT Bank vs Wells Fargo
- CIT Bank vs KeyBank
- CIT Bank vs Regions Bank
- Ally Bank vs CIT Bank
- Chase vs CIT Bank
- Synchrony Bank vs CIT Bank
- US Bank vs Citibank
- US Bank vs Bank of America
- 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
Which Bank is Better: CIT Bank or US Bank?
- 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.
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