B+ MyBankTracker Rating

CIT Bank

About CIT 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.

MyBankTracker rated based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank. See how it’s rated.

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Customer Reviews

Most Helpful CIT Bank Bank Customer Reviews

  •  
    BS
    Reviewed By Bank Shopper S. Jul 13, 2013

    Very Bad Customer Service

    Opened saving account because of above average interest rates but rates quickly dropped below that offered by top 5 banks.

    My CIT Saving account suddenly lost ability to transfer funds.
    Contacted support to investigate and restore transfer option.
    Nothing was done! I called to check status every few days and was told department handling this cannot be reached directly. I gave up after 2 months and closed my account.

    I took my business to another online bank. About the only positive thing I can say about CIT Bank is that they are opened on Saturday. But, the bad customer service and so-so interest rates makes CIT Bank a poor choice.

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  •  
    AB
    Reviewed By Art B. Nov 14, 2012

    You Get What You Pay For With This Cit Bank, "frustration"!

    Very bad experience. They are rude and not professional. They are not worth the effort. My advise is check out a reputable bank such as ally, ever bank or american express savings.

    Thank you for your feedback Is this review helpful?
  •  
    E
    Reviewed By Everson Aug 8, 2015

    Stupid Requirements

    Already have over 250K in this bank. Wanted to open a new account with my wife and daughter as joint owners. Was told they would have to speak to my Daughter and then submit it to management for approval. How dumb is that. Primary reason for the three names was because of FDIC INSURANCE on accounts in excess of 250K per depositor. Not only will I not make the additional deposit, I will withdraw the 250K when the CD matures in Sep. Banks pay nothing in interest and then some want you to jump through loops just to take your money. Not worth it to me.

    Thank you for your feedback Is this review helpful?

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  • Type Fee National Average
  • Monthly Inactivity N/A
  • Non-Sufficient Fund (Overdraft) N/A 0
  • Stop Payment item N/A 0
  • Return Deposit N/A 0
  • Domestic Wire Transfer (Outbound) N/A 0
  • Domestic Wire Transfer (Inbound) N/A 0
  • Non-Bank ATM N/A