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CIT Bank is another online-only bank that is currently offering some of the best Savings and CD rates in the nation. They are best known for their Savings Account and CD options, and rates are consistently near the top of the market nationwide.
CIT (Commercial Investment Trust) offers Savings Accounts, Certificates of Deposit (CDs), and IRA CDs. Because they operate solely online, they avoid the overhead costs of operating physical branch locations and can pass on theses savings in the form of higher rates.
CIT Bank operates under the CIT Group, which is a Fortune 500 holding company that’s involved in financing and leasing activities throughout the world.
CIT Bank Online Savings Builder Account Offer: 2.15% APY
Get up to 2.15% APY with this new online Savings account from CIT Bank.
- Current rate offer: up to 2.15% APY
- $100 minimum to open
- There are no opening, monthly servicing, online transfer or incoming wire fees.
How To Earn The Highest Rate
The higher interest rate can be earned by completing one of following requirements:
- Monthly Savers:
- Make at least one single deposit of $100 or more during the first Evaluation Period which begins on the third business day prior to the end of the month the account was opened.
- Additional deposits made between the account opening date and the beginning of the first Evaluation Period will not qualify.
- In order to continue to earn the higher rate, make at least one single deposit of $100 every month.
- High Balance Savers:
- Have an account balance of $25,000 or more on each Evaluation Day. The Evaluation day is the fourth business day prior to the end of the month.
Rate Tiers
| Tier | Balance Requirement | APY |
| Base | < $25,000 | 1.14%* |
| Upper | < $25,000, but with monthly deposit of $100 or more | 2.15%** |
| Upper | ≥ $25,000 | 2.15% |
| *APY assumes the account is opened on the 15th day of the month and no qualifying deposits of $100 are made following account opening. Actual APY may be greater or less depending on the date the account is opened. **APY assumes additional qualifying deposits are made each Evaluation Period. |
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CIT Bank Online Money Market Rate Offer: 1.85% APY
CIT Bank now offers an online Money Market account that earns one of the best rates nationwide. This account is basically a liquid savings account that pays a variable rate of interest and allows deposits, transfers and withdrawals with a limit of six such transactions per monthly statement cycle which is governed by federal regulation.
- Current rate: 1.85% APY
- Rate offer has no listed expiration date, but is variable and may change at anytime.
- CIT Bank Money Market account is eligible for this offer
- Offer is available online, nationwide
- Minimum opening deposit of $100
- No Monthly Service Fees
- 6 transactions monthly (deposits, transfers, withdrawals)
- Use People Pay to send money from your Money Market account to almost anywhere with an email address or mobile phone number.
- FDIC insured
CIT Bank Online Premier High Yield Savings 1.55% APY Offer
CIT Bank’s Premier High Yield Savings account will now earn the highest rate on all balance tiers. Formerly, the highest rate was capped at $250,000 balances.
- Rate offer has no listed expiration date
- Highest current rate: 1.55% APY
- Premier High Yield Savings is eligible for the offer
- Offer is available online, nationwide
- Minimum opening deposit of $100
- No Monthly Service Fees
- Interest is compounded daily for this account
- There is no minimum daily balance requirement
- FDIC Insured
How To Get The 1.55% APY
1.55% APY details:
- 1.55% APY is applied to all balances.
- Interest rates for the Premier High Yield Savings account are variable and may change at any time without prior notice.
CIT CD Account Promotions
CIT Bank offers a variety of CD options:
- Term CDs
- No-Penalty CDs
- Jumbo CDs
We’d recommend one of the Term CDs, where the minimum deposit is $1,000 and the rates are good. If you’re depositing at least $100K, then the Jumbo CDs will give the highest rates.
Term CDs
- Minimum deposit of $1,000
- Selection of terms to meet your needs – From their short-term 6-Month and 1-Year CDs to their longer term 5-Year CDs
- No account opening or maintenance fees
- Daily compounding interest to maximize your earning potential
- FDIC insured**
| Term CD Rates | |
| Term | APY |
| 6 Month | 0.72% |
| 1 Year | 2.20% |
| 13 Month | 2.25% |
| 18 Month | 2.50% |
| 2 Year | 1.40% |
| 3 Year | 1.30% |
| 4 Year | 1.50% |
| 5 Year | 1.70% |
No-Penalty CDs
- Minimum deposit of $1,000
- You may withdraw the total balance and interest earned, without penalty, beginning seven days after funds have been received for your CD. No withdrawals are permitted during the first six days following the receipt of funds
- No account opening or maintenance fees
- Daily compounding interest to maximize your earning potential
- FDIC insured**
| No-Penalty CD Rates | |
| Term | APY |
| 11 Month | 2.05% |
Jumbo CDs
- Minimum deposit of $100,000
- No account opening or maintenance fees
- Daily compounding interest to maximize your earning potential
- FDIC insured**
| Jumbo CD Rates | |
| Term | APY |
| 2 Year | 1.45% |
| 3 Year | 1.40% |
| 4 Year | 1.60% |
| 5 Year | 1.75% |
BBVA Compass also tends to have good online CD specials. Read my guide on finding the best CD rates here. See the pages below for some of the top CD account choices.
- Ally Bank Online Checking, Savings, CD, Investing Promotions
- BBVA Compass Bank Promotions: $150 To $250 Checking/Savings Bonuses
- Barclays Bank Promotions: Savings And CD Account Offers, Bonuses
- Synchrony Bank Online Savings, CD, Money Market Promotions
- CIT Bank Promotions: Online Savings Builder Account Offers 2.15% APY
- Popular Direct Online Savings And CD Account Promotions, Offers
- Virtual Bank Checking, Money Market, CD Promotions & Offers
- Salem Five Bank Checking, Savings, CD Promotions
- Live Oak Bank Online Savings And CD Offers, Promotions
- Crestmark Bank Online CD Account Promotions Available Nationwide
Take a look at the best Checking & Savings sign-up bonuses here, including offers from HSBC Bank, Chase Bank, TD Bank, Simple Bank and more.
- TD Bank Promotions: $300 & $150 Checking Account Bonuses
- BBVA Compass Bank Promotions: $150 To $250 Checking/Savings Bonuses
- Simple Bank Review: Unlimited $20 Bonuses & Top Savings Rate Offer
- Chase Coupon Promo Codes: $200, $300, $350, $500 – November 2018
- CIT Bank Promotions: Online Savings Builder Account Offers 2.15% APY
- HSBC Bank $350 & $750 Checking Account Bonuses
- Chase Total Checking Account Bonus: $200 Coupon Available Online
- Chase Premier Plus Checking℠ Bonus: $300 Coupon Offer
- Chase Student Checking Promotions: $100 Chase College Checking℠ Bonus
- Chase Bank Business Checking Promotion: $200 Sign-Up Cash Bonus
- HSBC Bank Premier Checking Account $750 Bonus Offer
- HSBC Bank Advance Checking Account $350 Bonus Offer
*These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.