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CIT Bank Savings Connect has an annual percentage yield of up to 3.75%, which is higher than the national average interest rate on savings accounts. This account does not charge a monthly Service Charge. |
Online and mobile banking is easy and convenient with an eChecking account. CIT customers can access checking accounts 24 hours a day online or through the mobile app. Checking accounts can be opened with a $100 minimum opening deposit. |
CIT Bank CDs provide a safe, secure way to grow your savings. Choose from a selection of CD rates and terms to help you stay on target for your savings goals. |
CIT Bank Savings Connect has an annual percentage yield of up to 3.75%, which is higher than the national average interest rate on savings accounts. This account does not charge a monthly Service Charge.
Online and mobile banking is easy and convenient with an eChecking account. CIT customers can access checking accounts 24 hours a day online or through the mobile app. Checking accounts can be opened with a $100 minimum opening deposit.
CIT Bank CDs provide a safe, secure way to grow your savings. Choose from a selection of CD rates and terms to help you stay on target for your savings goals.
CIT Platinum Savings
4.8
- Earn their top-tier 3.85% APY when you maintain a $5,000+ balance
- No monthly service fees or account opening costs
- FDIC insured and easy online access to your funds
Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. *APYs — Annual Percentage Yields are accurate as of June 12, 2025: 0.25% APY on balances of $0.01 to $4,999.99; 3.85% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
CIT Savings Connect
5.0
- Earn a competitive 3.75% high-yield rate that beats the national average
- No monthly maintenance fees or hidden charges
- Open an account with just $100 minimum deposit
APY — Annual Percentage Yield is accurate as of June 12, 2025. Interest Rates for the Savings
Connect Account are variable and may change at any time without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the account.
Free checking account
CIT eChecking
4.5
- Earn up to 0.25% APY on your checking balance
- No monthly fees or minimum balance required
- Access your account anytime with mobile banking and Zelle®
The Annual Percentage Yields (APY) and interest rates are effective as of June 12, 2025. Fees may reduce earnings. Checking APYs and interest rates are variable and may change at any time without prior notice, including after account opening. The minimum opening deposit for eChecking is $100. To obtain the interest rate and APY disclosed, the minimum balance for the applicable balance tier must be maintained.
Must have a bank account in the U.S. to use Zelle. Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. The Apple Pay logo and Apple are registered trademarks of Apple Inc. The Samsung Pay logo and Samsung are registered trademarks of Samsung Electronics Co., Ltd.
For complete list of account details and fees, see our Personal Account disclosures: https://cit-fcb-t.cit.com/cit-bank/resources/forms
CIT Bank No-Penalty CD
4.5
3.35% APY | Min Opening Deposit: $1K
Reach your savings goals faster with the CIT Bank No-Penalty CD. Security and flexibility with access to funds. $1,000 minimum opening deposit.
APY — Annual Percentage Yield is accurate as of March 20, 2025. $1,000 minimum to open the account.
CIT Bank Term CD
4.6
0.3% – 3.50% APY | Min Opening Deposit: $1K
CIT Bank CDs provide a safe, secure way to grow your savings. Choose from a selection of CD rates and terms to help you stay on target for your savings goals.
There is an infinite number of online banks to select from. And it might be difficult to determine which bank is the greatest for your needs because, with almost every online bank providing comparable features — such as mobile check deposits, credit cards, CDs, and savings accounts — finding the right one may be tough.
CIT Bank is a worthy competitor, and are they currently running some lucrative offers for new users.
CIT Bank promo codes and promotions are available nationwide online with some of the highest interest rates available. Remember, all of these high-interest rate accounts have a very low minimum requirement of only $100!
CIT Bank Promotions
CIT Bank’s products are perfect for preparing for unexpected emergencies, growing funds for a down-payment on a dream home, saving up for a loved one’s future, or anything in between.
And with stocks so high right now, it’s the time the perfect time to sell some investments and open a high-earning account.
CIT Bank No-Penalty CD: 3.35% APY
CIT Bank No-Penalty CD
4.5
3.35% APY | Min Opening Deposit: $1K
Reach your savings goals faster with the CIT Bank No-Penalty CD. Security and flexibility with access to funds. $1,000 minimum opening deposit.
APY — Annual Percentage Yield is accurate as of March 20, 2025. $1,000 minimum to open the account.
Get the security of a CD with the flexibility to access your funds early if you need them. Lock in a great rate for 11 months. 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.
Highlights
- By far one of the best No Penalty CD on the market with this CIT Bank’s 11-Month CD.
- Enjoy a rate of 3.35% APY and withdraw anytime during the 11 months with no penalty!
- There is a minimum deposit of $1,000 to open a CIT Bank High Yield Certificate of Deposit.
- The CD account has no monthly maintenance fees and easy to open.
- Your money is FDIC insured and the interest is compounded daily to maximize your earning potential.
CIT Bank No-Penalty CD
4.5
3.35% APY | Min Opening Deposit: $1K
Reach your savings goals faster with the CIT Bank No-Penalty CD. Security and flexibility with access to funds. $1,000 minimum opening deposit.
APY — Annual Percentage Yield is accurate as of March 20, 2025. $1,000 minimum to open the account.
CIT Bank Term CDs: Up to 3.50% APY
CIT Bank Term CD
4.6
0.3% – 3.50% APY | Min Opening Deposit: $1K
CIT Bank CDs provide a safe, secure way to grow your savings. Choose from a selection of CD rates and terms to help you stay on target for your savings goals.
These are the following rates for CDs from CIT Bank ($1,000 minimum to open):
| CD Term Rates | APY |
|---|---|
| 18-Month | 3.00% |
| 13-Month | 3.50% |
| 6-Month | 3.00% |
| 5-Year | 0.50% |
| 4-Year | 0.50% |
| 3-Year | 0.40% |
| 2-Year | 0.40% |
| 1-Year | 0.30% |
Highlights
- There is a minimum deposit of $1,000 to open a CIT Bank High Yield Certificate of Deposit.
- The CD account has no monthly maintenance fees and it comes with free online banking.
- Your money is FDIC insured and the interest is compounded daily to maximize your earning potential.
CIT Bank Term CD
4.6
0.3% – 3.50% APY | Min Opening Deposit: $1K
CIT Bank CDs provide a safe, secure way to grow your savings. Choose from a selection of CD rates and terms to help you stay on target for your savings goals.
Related: 9 Best 12-Month CD Rates
CIT Bank Reviews
I’m “over the moon” with their interest rates, so what’s not to love. With a very minimal deposit you get a great rate. Customer service is also good; easily accessible to get a human who can help you.
Posted by: Joanna D.
CIT Bank is a bank that is advertised as being a great bank. My personal experience with this bank says otherwise. You can, of course, set up standard accounts with them as well as a couple of special investing accounts. As far as bank security goes, that is another story. I got a phone call from the bank one day asking if someone withdrew a large amount of cash out of my account. I, of course, told them no because I was home. Apparently, someone was able to get into the bank’s system and pull the required information to withdraw money from my account along with many other accounts. They did manage to recover my money but it took them months to do so. Afterwards, I ended my account with them and moved onto another bank. Overall, the bank got the job done but it could have been done better.
Posted by: Bettie R.
Here are just some of the things CIT Bank has to offer its customers:
- Security. CIT Bank is a top 50 U.S. online bank and member of the Federal Deposit Insurance Corporation (FDIC), insuring your accounts up to $250,000 per depositor, for each account category.
- Simplicity. Opening an account takes as little as 10 minutes and $100.
- Returns. They work hard for your hard-earned money with interest rates higher than the national average and no opening or monthly service fees.
- Rewards. Savings and Checking accounts earn a competitive rate you can increase with a monthly deposit of at least $100 or by maintaining a minimum balance of $25,000.
- Efficiency. Don’t wait in line at a bank—manage your account, transfer funds, and deposit checks online or through the mobile app.
- Accessibility. Use any ATM with an eChecking debit card without paying any fees—you can receive up to $30 per month to offset other bank’s ATM charges.
- Knowledge. Plan how you’ll meet your financial goals and get a real-time look at personal finances with CIT’s calculators.
CIT Bank offers three main depository product types: savings accounts, Certificates of Deposit (CDs), and IRA CDs.
Each of its products typically comes with one of the top interest rates available nationwide, helped by the fact that the bank does not have the overhead costs associated with operating branch locations because of its wholly online system.
About CIT Bank
Through their nationwide direct bank, CIT Bank offers consumers competitive deposit products to advance their savings strategies, including a range of CDs, a high-yield savings product and IRAs. CIT Bank has been recognized by personal finance sources including MyBankTracker, NerdWallet, and GOBankingRates for its products that drive value for banking customers.
Overview: CIT Bank offers High Yield Savings, Money Market, CDs and Custodial Accounts designed to help you maximize your personal finances.
The Final Word
CIT Bank offers three main depository product types: savings accounts, Certificates of Deposit (CDs), and IRA CDs. Each of its products typically comes with one of the top interest rates available nationwide, helped by the fact that the bank does not have the overhead costs associated with operating branch locations because of its wholly online system.
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CIT Bank Savings Connect has an annual percentage yield of up to 3.75%, which is higher than the national average interest rate on savings accounts. This account does not charge a monthly Service Charge. |
Online and mobile banking is easy and convenient with an eChecking account. CIT customers can access checking accounts 24 hours a day online or through the mobile app. Checking accounts can be opened with a $100 minimum opening deposit. |
CIT Bank CDs provide a safe, secure way to grow your savings. Choose from a selection of CD rates and terms to help you stay on target for your savings goals. |
CIT Bank Savings Connect has an annual percentage yield of up to 3.75%, which is higher than the national average interest rate on savings accounts. This account does not charge a monthly Service Charge.
Online and mobile banking is easy and convenient with an eChecking account. CIT customers can access checking accounts 24 hours a day online or through the mobile app. Checking accounts can be opened with a $100 minimum opening deposit.
CIT Bank CDs provide a safe, secure way to grow your savings. Choose from a selection of CD rates and terms to help you stay on target for your savings goals.
I hope these tips shed some light on basic money management and features of the best savings accounts. Even though it seems like a lot of information to digest in one go, remember to start slowly, one step at a time. Before you know it, you’ll be managing your personal finances like a boss.
Come check back soon as we will regularly update this post whenever CIT Bank has new promotions!