CIT Bank Platinum Savings: Earn Up to $300 Cash Bonus + 3.85% APY (Nationwide) – Ends 12/8/25

Want to grab up to $300 in bonus cash before the year ends?

Right now, CIT Bank’s Platinum Savings account is offering a limited-time promotion that runs through December 8, 2025. Along with the cash bonus, you’ll earn a standout 3.85% APY¹ on balances of $5,000 or more — more than nine times the national average².

Add in FDIC insurance and no monthly fees, and this is one of the most competitive savings offers available today.

In this post, I’ll break down how to qualify for the bonus, how the Platinum Savings rate compares to other high-yield accounts, and whether it makes sense for your savings strategy.

• Update 9/23/25: New cash bonus offer now available, ends 12/8/25. The APY has decreased slight to 3.85% APY.
• Update 6/12/25: The APY rate has decreased slightly to 4.00% APY.
• Update 5/28/25: The cash bonus has ended.
• Update 3/21/2025: The APY has decreased slightly to 4.10% APY.
• Update 2/5/2025: The APY decreased slightly to 4.30% APY.

CIT Bank is a popular option for online banking, especially if you’re seeking interest-bearing online checking and savings accounts. Not only are they perfect for daily use, but the accounts also earn a competitive rate. Plus, they’re easy to open with low opening deposit requirements.

How the CIT Platinum Savings $300 Cash Bonus Works

CIT Bank is offering new Platinum Savings customers the chance to earn up to $300 in bonus cash — but the amount you receive depends on how much you deposit:

• Deposit $25,000–$49,999 → Earn a $225 bonus
• Deposit $50,000 or more → Earn a $300 bonus

To qualify, you’ll need to open your account and fund it by December 8, 2025, and then maintain the qualifying balance through the promotional period. Once the requirements are met, your bonus will be credited directly to your account.

CIT Bank Platinum Savings Earns 3.85% APY (Nationwide)

The Platinum Savings account offers one of the highest APY rates in the market. Open an account to earn this top rate.

• Current rate: 3.85% APY – minimum balance of $5K required. See Site for Details.
  • 0.25% with balances of less than $5,000.
• Minimum opening deposit of $100, however, must maintain a $5,000 daily balance to receive top-tier APY.
• Offer is available online, nationwide
• Access your accounts 24/7 online and on the mobile app.
• Deposit checks remotely and make transfers easily with the CIT Bank mobile app.
• There are no account opening or monthly service fees for savings accounts.
• Member FDIC

>> OPEN A PLATINUM SAVINGS ACCOUNT WITH CIT BANK FOR THE RATE

READ MORE: SEE ALL THE BEST OFFERS FROM CIT BANK HERE

Account Features

• High APY¹: Earn 3.85% APY on balances of $5,000 or more.
• No Monthly Fees: Enjoy a fee-free account with no monthly maintenance fees.
• FDIC-Insured: Your deposits are insured by the FDIC, so your savings are safe.
• Digital Convenience: Manage your account easily with CIT Bank’s mobile app

¹ 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 September 23, 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.

² Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of September 15, 2025.

For complete list of account details and fees, see their Personal Account Disclosures.

How To Open An Account

• Click the link above to open an account online.
• Enter your info. You’ll need to provide information such as your address, phone, email and social security number.
• Fund your account. Minimum of $100 to open your account. You can transfer funds with electronic transfer, mail in check, or wire.
• You’ll receive a confirmation email once you’re done.

READ MORE: FOR BALANCES LESS THAN $5,000 CONSIDER THE CIT SAVINGS CONNECT ACCOUNT

Why Choose A Savings Account From CIT Bank?

High-yield savings accounts are a great way to make your money work for you, and CIT Bank offers some of the best options out there.

These accounts typically offer higher interest rates than traditional savings accounts, which means your money will grow faster.

CIT Bank’s high-yield savings accounts also come with no monthly maintenance fees and no minimum balance requirement, so you can start saving with whatever amount you have.

READ MORE: SEE THE NATION’S BEST ONLINE SAVINGS AND MONEY MARKET RATES

How Does CIT Bank Handle Online Security?

Managing your finances can be a hassle, but CIT Bank makes it easy with their online banking platform. You can access your account from anywhere with an internet connection, and you can do everything from checking your balance to transferring money.

The platform is also secure, so you can be sure your personal and financial information is protected.

They take several measures to protect their customers’ personal and financial information. They use advanced encryption technology to protect your account information, and they also have multiple layers of security in place to detect and prevent fraud.

Additionally, CIT Bank’s system is regularly audited to ensure compliance with the highest industry standards.

READ MORE: WELCOME OFFERS FROM AXOS AND BMO.

How Good Is Mobile Banking With CIT?

CIT Bank’s mobile app is a great way to stay on top of your finances on the go.

The app is available for both iOS and Android devices, and it’s loaded with features that make managing your money a breeze. You can check your account balance, transfer money, deposit checks, and even pay bills (if you also use their checking account) right from your phone.

You can set up push notifications in the app, so you’ll always be aware of any important account activity.

READ MORE: ALSO EARN GREAT RATES WITH CIT BANK’S CD ACCOUNTS

Bottom Line

If you’re looking for a high-yield savings account, the Platinum Savings account from CIT Bank is worth considering. For balances of $5,000 or more, it offers one of the highest rates in the market. The account is available nationwide and can be opened with a minimum deposit of $100, and there are no account opening or monthly service fees.

One thing to keep in mind is that, like many other online banks, CIT Bank doesn’t have physical branches. This means you won’t be able to walk into a bank and speak with a teller or banker in person. However, they have a great customer service team available 7 days a week that can help you with any questions or concerns you may have.

All in all, if you’re looking for a high-yield savings account and are comfortable with online banking, this account from CIT Bank may be a good fit.

>> OPEN A PLATINUM SAVINGS ACCOUNT WITH CIT BANK FOR THE RATE

FIND MORE CIT BANK BONUSES HERE

READ MORE: SEE THE BEST BANK BONUSES HERE

By Tony Jay, a seasoned finance blogger and executive editor, who boasts over two decades of experience in the banking sector, with a specialization in online banking and savings strategies. Tony holds a doctoral degree from Tulane University. Edited by John Huynh, who brings more than two decades of experience in finance and investing, including as a senior finance and operations manager at a renowned research institute and degrees in economics and international studies from UC Irvine.