Banking » Compare Banks » CIT Bank vs Citi: Which Bank Account Suits You Best?
Advertiser Disclosure This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval. This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor. While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.

CIT Bank vs Citi: Which Bank Account Suits You Best?

If you’re looking for a more full service bank where you can have a savings account, current account, and credit card, then Citi is a better choice, since CIT Bank lacks a credit card option. However, CIT Bank does offer better CD rates if you have the minimum $1,000 deposit.
Author: Lorraine Smithills
Lorraine Smithills

Writer, Contributor

Experience

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
Interest Rates Last Update: June 3, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Lorraine Smithills
Lorraine Smithills

Writer, Contributor

Experience

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
Interest Rates Last Update: June 3, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Table Of Content

When CIT Bank Wins?

CIT Bank has a banking product line that rivals high street banks. There are several saving account options, CDs, an eChecking account, home loans, and mortgages. The main gaps in this line up are a lack of personal loans and a credit card option.

CIT Bank can be a better choice than Citi one if:

  • You are looking for the best possible rates on your CDs

  • You are happy to link your checking account and savings for the best rates

  • You want to earn cash back on your mortgage

CIT-Bank-Logo
CIT-Bank-Logo

When Citi Bank Wins?

Citi bank has a background as a credit card company, but this doesn’t mean that it has a limited banking product line.

Citi provides access to home loans, personal loans, lines of credit, wealth management options and investments together with everyday and premium banking packages. This exemplifies Citi as a viable alternative to the conventional high street bank.

citi logo

Citibank can be a better choice than CIT Bank if:

  • You want to have a savings account, checking account, and credit card with the same bank.

  • You want access to far more credit card options to better tailor your choice to your spending preferences.

  • You are confident that you can meet the requirements to have the account maintenance fees waived.

citi logo
CIT Bank
Citi Bank
Savings Accounts
Checking Accounts
CDs
Money Market Account
Debit Card
Credit Cards
Personal Loans
Mortgage
Government Mortgage
Business Loans
Investing Capabilities

Savings Account

CIT Bank has a couple of savings accounts. Savings Connect has two tiers allowing access to a higher rate (Up to 5.00% APY) if you have qualifying deposits or link your checking account.

Alternatively, Savings Builder has no account fees, but you can only have six or fewer transactions during a statement period.

CIT Bank
Citi Bank
APY
Up to 5.00%
4.35%
Fees
$0
$4.50/$10 per month Can be waived if you maintain an average combined monthly balance of $500/$1,500 in your eligible accounts, make one enhanced direct deposit or one qualifying bill payment per statement period
Minimum Deposit
$100
$0
Checking Needed?
No
Yes
Main Benefits
  • Other saving account options available
  • Daily compounding interest
  • Earn rewards by linking your savings account to your Citi checking account
  • Auto save function & other savings package

Checking Account

Citi checking accounts offer straightforward and convenient banking solutions. With features like online and mobile banking, direct deposit, and fee-free access to a large ATM network, managing your money is easy.

Citi provides various account options, such as Access Checking, Regular Checking, Priority, Citigold, and Private Client, each designed to suit different needs.

Citi Checking account options
(Screenshot from Citibank app)

CIT Bank has an interesting eChecking account that offers low rates, depending on your balance. The account has virtually no fees, as the only charges are for returned items, wire transfers, or stopped payments.

CIT also offers fee free ATM use, and you’ll even get up to $30 in fee reimbursements each month if you get a charge when using another bank’s machine.

CIT Bank
Citi Bank
APY
0.10% – 0.25%
0.01%
Fees
$0
$12 Can be waived if you make one qualifying direct deposit and one qualifying bill payment per statement period, maintain a combined balance of $1,500 per month across your eligible accounts or if you’re aged 62
Minimum Deposit
$100
$0
Main Benefits
  • Interest rate goes up to 0.25% if you exceed the $25k tier
  • No ATM/maintenance fees
  • Mobile check deposits
  • Transfer, pay and purchase via mobile with Zelle®, Bill Pay, Samsung Pay and Apple
  • Overdraft protection with auto transfer from your savings account
  • Unlimited check writing
  • ATM network with 65,000+ fee free machines
Top Offers From Our Partners

PNC bank logo

Promotion:
Up to $400 Open a new, select Virtual Wallet product and receive $500/$2,000/$5,000 or more in qualifying monthly direct deposits within 60 days to earn a $100/$200/$400 bonus.
Subject to state availability
PNC Virtual Wallet ® is available in AL, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KY, MD, MI, NC, NJ, NY, NM, OH, PA, SC, TX, VA, WI, and WV. Virtual Wallet ® is offered in the state of MO with the exception of the Greater Kansas City area. Product availability may vary based on where you open your account and the Zip code of your primary address.

Chase_logo

Promotion:
$300 New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.. Expired on 10/16/2024
Chase Overdraft Assist
With Chase Overdraft AssistSM, you won’t be charged an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day

UpgradeLogo

Fees:
No monthly fees No monthly fees and no overdraft fees. Plus get reimbursed for ATM fees with an active account 
Rewards:
Up to 2% cash back Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000 direct deposit, and up to 1% cash back for other purchases 
Promotion:
$500 Use Promo Code “RC500” for a $500 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you'll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

Promotion:
Up to $2,500 You could earn $1,500 or $2,500 if you open a new, eligible HSBC Premier checking account from July 1, 2024 through November 22, 2024, and complete qualifying activities: • Get a $1,500 Cash Bonus: Add New Money of $100,000 to $249,999 in deposit and/or eligible investment accounts within 20 days of opening your new checking account and maintain the Qualifying Balance for 3 full consecutive months. • Get a $2,500 Cash Bonus: Add New Money of $250,000+ in deposit and/or eligible investment accounts within 20 days of opening your new checking account and maintain the Qualifying Balance for 3 full consecutive months. – Cash Bonus will be deposited into your new checking account within 8 weeks of meeting all the offer requirements
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc

fifth-third-bank-logo

Promotion:
$200 $200 cash bonus if you make direct deposits totaling $2000 or more within 90 days of account opening.
No Minimum Deposit
Free checking account, no minimum balance, check writing, two days early paycheck
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

CDs

This area of comparison is a little more tricky. While Citi has no minimum deposit compared to CIT Bank’s $1,000 minimum, its rates are far lower. Citi only offers the potential to earn up to 0.15%, which is the rate for its five year CD.

On the other hand, you can earn double this rate with only a one year CIT Bank CD, with the potential to earn as much as 0.50% if you commit to a longer CD.

CIT Bank
Citi Bank
Minimum Deposit
$1,000
$500 – $2,500
APY Range
0.30% – 3.50%
0.05% – 4.75%
Citi CD Options
(Screenshot from Citibank app)

Mortgage Options

CIT Bank has a variety of mortgage products including fixed rate with a term of up to 30 years, and portfolio interest only deals. If you’re a qualified borrower, you may also be able to secure an interest only, fixed rate 30 year loan.

CIT Bank does offer customers up to $525 in cash back when you close on your loan and relationship discounts for up to 0.20%.

Citi also has several home loan options including to purchase a home, refinance or access home equity. Citi also offers potential cash back towards your closing costs. However, you can take the $500 credit or instead enjoy special pricing with a lower interest rate.

Citi Mortgage
(Screenshot from Citibank app)

Loan Options

This is an area where there is little comparison. Although CIT Bank does not offer personal loans, Citi has loans for up to $30,000. You can access a term of up to 60 months. Citi aims to make its personal loans accessible and quick.

The application process is simple and upon approval, a check will be mailed to you within five business days. If you sign up for Auto Deduct payments, you can qualify for a lower rate and Citi offers Thank You points if your loan is linked to an eligible checking account.

Citi get personal Loan on app
(Screenshot from Citibank app)

Top Savings Accounts From Our Partners

Chime Banking App

  • 2.00% APY on Chime Savings 
  • Build Credit History
  • No Monthly Fees

Quontic High Yield Savings

  • 4.50% APY on savings
  • Interest is compounded daily
  • No Monthly Service Fees

CIT Savings Connect 

  • Up to 5.00% APY on savings
  • No monthly service fees.
  • Zelle, Samsung & Apple Pay

Advertiser Disclosure

The product offers that appear on this site are from companies from which this website receives compensation. 

Top Offers From Our Partners

UpgradeLogo

Savings Rate: 5.21% APY
CIT-Bank-Logo
Savings Rate: Up to 5.00% APY
Quontic bank logo
Savings Rate: 4.50% APY

valley direct logo

Savings Rate: 4.75% APY

consumers credit union logo

CD Rate: 5.00% – 5.20% APY
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

UpgradeLogo

Savings Rate: 5.21% APY
CIT-Bank-Logo
Savings Rate: Up to 5.00% APY

live-oak-bank-logo

Savings Rate: 4.40% APY
Quontic bank logo
Savings Rate: 4.50% APY

valley direct logo

Savings Rate: 4.75% APY APY

consumers credit union logo

CD Rate: 5.00% – 5.20% APY
Advertiser Disclosure
We get compensated for these product offers

Credit Cards

This is another area where there is no comparison. Citi has a vast selection of credit cards, in categories including Rewards, Travel, Balance Transfer, Cash back, and 0% intro rate. Many cards have no annual fee, and you can earn up to 5% cash back. One of Citi’s most popular cards is Diamond Preferred, which offers 0% Intro APR for 12 months on purchases from date of account opening and 0% Intro APR for 21 months on balance transfers.

Citi also partners with some popular brands including AT&T, American Airlines, Expedia, and Costco, so you access the best rewards with your preferred brands.

Many of the cards offer welcome bonuses for new cardholders, but these often have spending minimums and time limits to qualify.

Card
Rewards
Bonus
Annual Fee

citi double cash

Citi® Double Cash Card
1% – 2% 2% cash back rewards rate – 1% every time you swipe and another 1% upon payment.
N/A $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening
$0

Citi Strata Premier℠ Card

Citi Premier® Card
1X – 10X 10X per dollar on hotel, car rentals and attractions booked through CitiTravel.com, 3X points on restaurant, supermarket, gas station, and air travel and other hotels purchases, and 1X points per dollar on all other purchases
75,000 points 75,000 bonus points after spending $4,000 in the first 3 months of account opening, redeemable for $750 in gift cards or travel rewards on thankyou.com
$95

citi diamond preferred

Citi® Diamond Preferred® Card
None
None
$0

citi secured mastercard review

Citi® Secured Mastercard®
None
None
$0
citi-custom-cash_
Citi Custom Cash℠ Card
1-5% 5% cash back on your highest eligible spend category each billing cycle up to the first $500 spent and 1% cash back thereafter
$200 $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening (20,000 ThankYou® Points, which can be redeemed for $200 cash back)
$0

Customer Service

CIT Bank has a 24 hour automated telephone banking system or online support. If you want to speak to one of its customer service agents, you’ll need to call between 9 am and 9 pm on

CIT Bank allows you to access customer support online or using its 24 hour automated telephone banking system. However, if you do want to speak to a customer service agent, the lines are only open 9 am to 9 pm Monday to Friday and 10 am to 6 pm on Saturdays.

Citi’s customer service is a little more complicated. There are multiple phone lines to access the support team tailored to your product. For example for a credit card query, it is a different number than if you had a savings account question.

However, Citi also has a comprehensive help page. You can type in an inquiry and receive an answer, or message the customer service team via the website. You can even scan a QR code within the phone app to message the team.

However, the ratings on the consumer review platforms are more of a mixed bag. While CIT Bank has a great 3.8 out of 5 rating on Trustpilot, Citi has a pitiful 1.4 out of 5.

Online/Digital Experience

Both CIT Bank and Citi have apps to enhance the customer’s digital experience. CIT’s app is rated 4.6/5 on Apple and 4.2/5 on Google. The Citi mobile app is rated 4.9/5 and 4.7/5 on Apple and Google. Both apps allow you more control over your account, with 24/7 access to manage your transactions, make transfers, lock your card and receive notifications.

The bank’s websites are also very helpful and enhance the customer’s digital experience. You can browse the products and compare options if you’re not sure which is the best choice for you.

Which Bank is The Winner?

With both banks offering similar products, we need to look a little more closely at which bank is better.

If you’re looking for a more full service bank where you can have a savings account, current account, and credit card, then Citi is a better choice, since CIT Bank lacks a credit card option. However, CIT Bank does offer better CD rates if you have the minimum $1,000 deposit.

CIT-Bank-Logo
citi logo
The Smart Investor Logo
APY Savings The annual percentage yield (APY) is a percentage that represents the amount of money or interest earned on your savings account over the course of a year. The APY factored in compound interest. A savings calculator can help you quickly determine how much you'll earn with a given APY.
Up to 5.00%
4.35%
Up to 5.02%
Checking Fee The monthly fee on checking account
$0
$12 Can be waived if you make one qualifying direct deposit and one qualifying bill payment per statement period, maintain a combined balance of $1,500 per month across your eligible accounts or if you’re aged 62
Compare Banking
Mobile App Rating
4.6/5 on iOS
2.5/5 on Android
4.9/5 on iOS
4.7/5 on Android
Various Banks
Open Account
on CIT website
Open Account
on Citi website
Compare
on our website

FAQs

CitiBank offers checking account bonuses and sign-up bonuses on many credit cards. As of July 2024 , if you open a new Citi Personal Checking, you can get $200 – $2,000, based on your minimum deposit.

Unfortenately, as of July 2024, there is no promotion for opening a new bank account with CIT Bank. The main benefit you can get is the high rates on its savings accounts.

CIT Bank does allow co-ownership of various accounts. You will need to go through the ID verification phase for both parties in order for the names to appear on the account. Once the joint account is open, either party will be able to action requests. This is a great feature as many banks make it difficult to open a joint account, so if you are looking to combine finances with your partner, CIT Bank is certainly worthy of consideration.

You will need to provide some personal information, such as a valid home address, your Social Security number, and contact information, as with all major banks, whether they are online or have a physical branch network. 

You'll also need to show a government ID, such as a passport, driver's license, or state ID, to prove your identity.

Although Citi has a long track record, it does have a history of struggling during tough economic times. After the 2007/2008 financial crisis, Citi received a massive $517 billion federal bail out loan. It took until 2013 for the Government to sell the last of the bail out bonds from this fund.

However, today, Citi has holdings of $74 billion, so it should be prepared to weather any adverse economic times. Of course, Citi is FDIC insured, so for its customers, even if the bank starts to struggle, deposits of up to $250,000 are protected.

Citi does have some basic accounts if you want to take control of your finances and start working on rebuilding your credit. However, one of the best products for those with bad credit is the Citi Secured Mastercard. You’ll need a security deposit of at least $200 and this refundable deposit will be used to determine your credit limit.

You can then use your card and make regular payments. Your card activity will be reported to the major credit bureaus to help start rebuilding your credit report. The card has no annual fee and account ownership provides access to your FICO score online, so you can monitor your progress.

CIT Bank vs Citibank: Comparison Methodology

In our detailed comparison, The Smart Investor team thoroughly looked at CIT Bank and Citibank in five main areas:

  1. Checking Accounts (30%): We checked things like direct deposit, debit card availability, monthly fees, ATM and branch access, check deposit, bill pay options, and account alerts. We also considered any special offers for customers.

  2. Savings Accounts including CDs (20%): We focused on important stuff like how much interest you can earn (APY), the smallest amount you need to open an account, how flexible the accounts are, and if they're insured by FDIC. We also looked at special savings offers, different types of CDs, and any fees for taking money out early.

  3. Credit Cards (15%): We looked at what rewards you get, how much the card costs each year, any bonuses you get for signing up, perks for traveling, how much interest you pay on balances, and if you can transfer balances from other cards.

  4. Lending Options (15%): We checked out the different kinds of loans they offer, like personal loans, student loans, mortgages, and loans where you use your home as collateral.

  5. Customer Experience And Bank Reputation (20%): We looked into how easy it is to use their online and mobile banking, how helpful their customer support is, what people say about them online, any awards they've won, and how stable they are financially. This gave us a good idea of what it's like to be a customer and how much people trust them.

Compare Citibank Versus Other Banks

The Chase and Citi checking accounts both have no minimum deposit and a monthly account maintenance fee of $12. This can also be waived with a balance of $1,500 or more, or with qualifying deposits.

Furthermore, both have a very impressive selection of more than credit card options.

Read Full Comparison: Chase vs Citi: Which Bank Account Wins?

Capital One began as a credit card company, but it has recently expanded its banking product line. Capital One offers checking and savings accounts, children's accounts, auto finance and refinancing, in addition to an impressive selection of credit cards.

Citi offers a diverse range of banking products, including checking and savings accounts, CDs, credit card options, mortgages, personal loans, wealth management plans, IRAs, and investment options.

Read Full Comparison: Citi vs Capital One: Which Bank is Best For You?

The Citi checking account is a fairly standard product. The account does have a $12 monthly fee, but it is waived if you make a qualifying deposit or make a qualifying bill payment. Overdraft protection is also available, which automatically transfers funds from your savings account to avoid overdraft fees.

Because the American Express savings account has a high yield, the number of withdrawals or transfers you can make each month is limited to nine. It's also a nice touch that American Express allows you to choose paper statements if you prefer the old-fashioned way.

Read Full Comparison: American Express vs Citi: Where to Save Your Money?

Citi offers an excellent range of banking products that cover the majority of your financial needs.

Personal loans, mortgages, credit cards, investment options, IRAs, and wealth management plans are available in addition to savings and checking accounts. Barclays' product line is more streamlined. This bank offers credit cards, savings accounts, credit cards, and personal loans.

The most obvious product gap is the absence of a checking account. As a result, Barclays becomes more of a supplementary bank rather than your primary day-to-day financial institution.

Read Full Comparison: Citi vs Barclays: Which Bank Account Is Better?

Bank of America is a large banking institution, and its impressive banking product line reflects this. Aside from savings and checking accounts, there are home loans, auto loans, investment options, and a variety of credit cards. Citi also has a diverse product offering. Credit cards, CDs, personal loans, mortgages, IRAs, investment options, wealth management plans, and checking and savings accounts are all available.

As a result, if you want to switch from your current bank, either bank is a viable option because you won't have to make any compromises in terms of banking products.

Read Full Comparison: Bank of America vs Citi: Which Bank Suits You Best?

Discover began as a credit card company and has since expanded into banking services. As a result, it stands to reason that Discover would offer a diverse range of credit cards. Discover offers a simpler checking account. There are no account fees or minimum deposits, and you can earn 0.40 percent.

Citi offers home loans, personal loans, lines of credit, wealth management options, and investments, as well as everyday and premium banking services. This exemplifies Citi's viability as a viable alternative to the traditional high-street bank.

Read Full Comparison: Discover vs Citi: Compare Banking Options

Both banks offer a good selection of banking products, making it easier to switch from your current bank.

Citi offers CDs, personal loans, mortgages, IRAs, investment options, wealth management plans, and a variety of credit card options in addition to checking and savings accounts.

Wells Fargo provides savings and checking accounts, but it also provides mortgages, loans, and investment options such as IRAs, 401ks, and wealth management products.

Read Full Comparison: Citi vs Wells Fargo: Which Bank Account Is Better?

While U.S. Bank offers some better conditions when it comes to lending options, Citibank is our winner in this comparison. Here's why.

Citibank vs. U.S. Bank: Which Bank Account Is Better?

Citibank is our winner due to its checking account options, various credit cards, and better savings account rates than Truist Bank.

Truist Bank vs. Citibank: Which Bank Account Is Better?

PNC Bank and Citibank are two big players in brick-and-mortar banking. Let's compare them side by side and see which is our winner: PNC Bank vs. Citibank

Citibank leads in credit cards, and TD Bank options for borrowers are broader. But what about the rest? Here's our comparison and winner: Citibank vs. TD Bank

We'll explore Citibank and M&T Bank savings accounts, checking accounts, CDs, credit cards, and lending products. Here's our winner: Citibank vs. M&T Bank

Citi is our winner for most consumers, but Ally is also a great option if you are willing to manage your account online. Here's why.

Citibank vs. Ally Bank: Which Bank Account Is Better?

Banking Reviews

Picture of Lorraine Smithills

Lorraine Smithills

Lorraine is a freelance finance writer with years of experience in the banking sector and after a successful career in one of the largest retail and commercial financial services providers. She has a passion for helping people with less financial confidence to get control of their money through budgeting, saving, and responsible credit practices.
Search
Banking Reviews
Best Banking Accounts
Savings Accounts
Top Offers From Our Partners

UpgradeLogo

Savings Rate: 5.21% APY
CIT-Bank-Logo
Savings Rate: Up to 5.00% APY
Quontic bank logo
Savings Rate: 4.50% APY

consumers credit union logo

CD Rate: 5.00% – 5.20% APY
Advertiser Disclosure
We get compensated for these product offers
Top Offers From Our Partners

PNC bank logo

Promotion:
Up to $400 Open a new, select Virtual Wallet product and receive $500/$2,000/$5,000 or more in qualifying monthly direct deposits within 60 days to earn a $100/$200/$400 bonus.
Subject to state availability
PNC Virtual Wallet ® is available in AL, AZ, CA, CO, DC, DE, FL, GA, IL, IN, KY, MD, MI, NC, NJ, NY, NM, OH, PA, SC, TX, VA, WI, and WV. Virtual Wallet ® is offered in the state of MO with the exception of the Greater Kansas City area. Product availability may vary based on where you open your account and the Zip code of your primary address.

Chase_logo

Promotion:
$300 New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account and make direct deposits totaling $500 or more within 90 days of coupon enrollment.. Expired on 10/16/2024
Chase Overdraft Assist
With Chase Overdraft AssistSM, you won’t be charged an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day

fifth-third-bank-logo

Promotion:
$200 $200 cash bonus if you make direct deposits totaling $2000 or more within 90 days of account opening.
No Minimum Deposit
Free checking account, no minimum balance, check writing, two days early paycheck

UpgradeLogo

Fees:
No monthly fees No monthly fees and no overdraft fees. Plus get reimbursed for ATM fees with an active account 
Rewards:
Up to 2% cash back Up to 2% cash back on common everyday expenses for active accounts with monthly $1,000 direct deposit, and up to 1% cash back for other purchases 

Promotion:
$500 Use Promo Code “RC500” for a $500 bonus when you apply for a Rewards Checking account
Up to 3.30% APY
to get the maximum rate (up to $50,000) you’ll need monthly direct deposits of $1,500 (0.40% APY), 10 transaction on your debit card (+0.30% APY), average daily balance of $2,500 on Axos Invest Managed Portfolio (+1.00% APY), average daily balance of $2,500 on Axos Invest Self Directed Trading Account(+1.00% APY) and make full monthly payment on loans (mortgage, personal and auto) with Axos account (+0.60% APY).

penfed personal loan

APY on Daily Balances
0.15% APY on daily balances of less than $20,000 or 0.35% APY on daily balances of $20,000 up to $50,000
Get paid up to 2 days early
Set up direct deposits and get your paycheck up to 2 days early

Promotion:
Up to $2,500 You could earn $1,500 or $2,500 if you open a new, eligible HSBC Premier checking account from July 1, 2024 through November 22, 2024, and complete qualifying activities: • Get a $1,500 Cash Bonus: Add New Money of $100,000 to $249,999 in deposit and/or eligible investment accounts within 20 days of opening your new checking account and maintain the Qualifying Balance for 3 full consecutive months. • Get a $2,500 Cash Bonus: Add New Money of $250,000+ in deposit and/or eligible investment accounts within 20 days of opening your new checking account and maintain the Qualifying Balance for 3 full consecutive months. – Cash Bonus will be deposited into your new checking account within 8 weeks of meeting all the offer requirements
Wealth Products & Advice
Get access to wealth products, insights and advice from an HSBC Financial Professional through HSBC Securities (USA) Inc
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

#1 In Banking

Our Newsletter

Get expert advice, insider tips, fresh banking promotions and rate changes on savings accounts and CDs

Banking Promotions & Latest Rate Updates

Our Banking Newsletter

Sign up for our newsletter and gain access to expert advice,
insider knowledge, and exclusive updates

Sign Up for

Our Newsletter

Join our community for the latest attractive savings rate changes ,expert insights, and member-only perks