Get updated promotions and offers from CIT Bank here. Established in 2000, they are under the umbrella of CIT Group (a Fortune 500 company).
- CIT Bank (Commercial Investment Trust) consistently offers some of the best nationwide rates.
- They offer Savings and Money Market Accounts, Certificates of Deposit (CDs), and IRA CDs.
- Operating online only, they avoid the higher overhead costs of physical branch locations and can pass on theses savings in the form of higher rates.
See the current offers below.
Best Offers From CIT Bank
CIT Bank Platinum Savings 5.05% APY Offer
How To Earn The Rate:
- Get the current rate of 5.05% APY with a minimum balance of $5,000. Balances of less than $5,000 will get a 0.25% rate. See site for details.
- Minimum opening deposit of $100, however, must maintain a $5,000 daily balance to receive top-tier APY.
- Offer is available online, nationwide
- Member FDIC
CIT Bank Savings Connect 4.65% APY Offer
Offer Details:
- Offer is available online, nationwide
- Minimum opening deposit of $100
- There are no account opening or monthly service fees
Earn Up To 5.00% APY: CIT Bank’s Best Certificate of Deposit Account Offers (Available Nationwide)
Unlock Your Savings Potential with CIT Bank's CD Accounts - Daily Compounding Interest, No Fees, FDIC Insured, & More. Update 10/17/2023: The rate hasn't changed. Remain high. Update 5/8/2023: The 11-month CD rate increased from 4.80% to 4.90%. Update 3/31/2023:… GET OFFER
CIT Bank Savings Connect Earns 4.65% APY (Available Nationwide)
The CIT Bank Savings Connect account is a very competitive online savings account option. See the current rate details below. CIT Bank is a popular option for online banking, especially if you're seeking interest-bearing online checking and savings accounts. Not… GET OFFER
CIT Bank Platinum Savings Earns 5.05% APY (Nationwide)
The CIT Bank Platinum Savings account is a very competitive online savings account option for those with balances of $5,000 or more. See the current rate details below. Update 10/17/2023: Their market-leading 5.05% APY is still available. Update 7/27/2023: APY… GET OFFER
CIT Bank Money Market Account Earns 1.55% APY (Nationwide)
See the latest offer for the CIT Bank Money Market Account below. CIT Bank (Commercial Investment Trust) consistently offers some of the best nationwide rates. They offer Savings and Money Market Accounts, Certificates of Deposit (CDs), and IRA CDs. Operating… GET OFFER
CIT Bank eChecking Account – Free Online & Mobile Banking
The CIT Bank eChecking account is a free online and mobile banking option with an opening deposit requirement of $100. See Posts History below for more offers from this institution. Offer Details Account features: CIT Bank does not charge ATM… GET OFFER
READ MORE: COMPARE ALL THE BEST SAVINGS RATES HERE AND THE BEST CD RATES HERE
Are Online Banks Safe?
CIT Bank offers a secure banking experience.
Despite not having physical branches, online banks are still protected by FDIC insurance, just like traditional brick-and-mortar banks.
CIT Bank, being FDIC insured, ensures that your deposits are safeguarded up to $250,000 in the event of a bank failure. This coverage applies to the total combined deposit held across First Citizens Bank and CIT Bank.
READ MORE: GET THE $200 BONUS OFFER FOR A NEW CHASE CHECKING ACCOUNT
CIT Bank Pros & Cons
Here are the advantages and disadvantages of banking with CIT.
Pros of banking with CIT:
- Offers competitive interest rates compared to traditional banks
- No monthly service fees for any of CIT’s accounts
- Low opening deposits of $100 for checking and savings accounts, and $1,000 for CDs
- Minimal banking fees
- Convenient remote check deposit feature
Cons of banking With CIT:
- Inability to write checks from the checking account
- Possible wait times when contacting customer service by phone
READ MORE: GET THE $500 OFFER FROM BMO BEFORE IT ENDS
CIT Bank Fees
Common banking fees waived by CIT Bank:
- No account opening fees
- No monthly service fees
- No account closing fees
- No fees for incoming wire transfer
- No mailed check fees
- No online transfer fees
Potential fees you may encounter with CIT Bank:
- $10 fee for outgoing wire transfers (waived for accounts with a balance of $25,000 or more)
- $10 excessive transaction fee (applies to money market accounts)
- $30 fee for bill pay stop payment
- $30 overdraft fee
- $10 fee for debit card replacement (1 free card per year)
- 1% of the transaction amount for international ATM withdrawals
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
