CIT Bank

Online Bank, bankoncit.com

CIT Bank logo
B+ MyBankTracker
Rating
MyBankTracker rating based on the following criteria that includes customer reviews, financial health, bank fees and other key factors compared to the other banks.
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About the Bank

CIT Bank is an online bank that focuses on savings, CDs, IRAs, and home loans. It is known for offering very high interest rates with little to no fees. Its CDs come with flexible options to increase your deposit or your rate. CIT Bank is a part of CIT Group, Inc., a major financial holding company.

CIT Bank Fees

  • National Average
  • Monthly Inactivity $0 $6
  • Non-Sufficient Fund (Overdraft) N/A $30
  • Stop Payment item N/A $27
  • Return Deposit N/A $13
  • Domestic Wire Transfer (Outbound) $10 $22
  • Domestic Wire Transfer (Inbound) $0 $10
  • Non-Bank ATM N/A $1.0

Latest Customer Reviews

  •  
    Reviewed By Arpy Feb 12, 2018

    Mediocre rates, high early withdrawl penalties, hard to work with - look elsewhere

    When I originally opened an account at CIT, their interest rates were competitive and I liked the idea of their step up CD where I can increase the interest on my CD as rates climb. In the past year, their rates have become mediocre for an online bank with much better rates at other banks. The interest rates on the step up CDs have gone down over the past couple of years as rates have been going up. Their early withdrawl penalty is 6 months interest - much higher than competitors. They get you locked into lousy interest rates. Their website is antiquated and difficult to use. The bank is extremely difficult to deal with. There are much better deals out there. Don't get locked into this bank!

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  •  
    Reviewed By mrugshal Dec 8, 2017

    CIT Bank is cheater

    I opened a savings account under online promotion that if I maintain $15000 for 3 months, I will get $100 bonus. I kept the money for 95 days but they are refusing to release the bonus, saying the fine print says - " I was supposed to keep the balance for 3 statement cycles".

    Who reads the fine print when the short script says unambiguously to keep funds for 3 months?

    They are cheaters IMHO.

    Will never do business with them.

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  •  
    Reviewed By cyberdds Sep 21, 2017

    CIT is reliable

    Among the best online bank rates around, and they always deliver on what they promised.

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