CIT

CIT

Savings

CIT

CIT

Savings

Earn one of the nation's top rates — 9x the national average. Get 0.50% interest rate from the day the account is opened through the first Evaluation Day.

Join investors

Highlights

0.20% - 4%

Asset Class Return1Y

#10 Rank

In Savings30d

avatars

Invest from

$100

Overview

A CIT Bank savings account helps you get more from your savings with interest rates for maximum growth. Get a competitive rate with a Savings Connect account and earn even more when you make a qualifying deposit in your linked eChecking account. Savings Connect is a tiered interest rate account that offers a higher interest rate to customers with a linked Qualifying eChecking account to which periodic Qualifying Deposits are made.

Things to Know

  • You make money on

    Interest

  • Fees

    0%

  • Min Investment

    $100

  • Payout frequency

    Monthly

  • Term of investment

    Zero

  • Target Return

    1.55%

  • Liquidity

    Easy

  • Open to

    All Investors

  • Mobile Application

    iOS, Android

Top Perks

  • Interest compounded daily

  • No account opening or maintenance fees

  • Deposit checks remotely and make transfers with the CIT Bank mobile app

How you make money

Deposit your money into the high yield savings account and start earning 0.449% interest from the day the account is opened. The interest is compounded daily and there are no account opening or maintenance fees. To keep the 0.45% APY you must have a $100 recurring monthly deposit or have a balance of over $25,000.

How CIT makes money

There are no fees to use the CIT High Yield Savings Account. As a bank, CIT makes money through the interest they make on loans and other banking fees.

Is it safe?

CIT Bank, N.A. is a member of the Federal Deposit Insurance Corporation (FDIC), which means your deposit accounts are insured up to $250,000 per depositor, for each account ownership category.

  • Established

    2000

  • Country Available

    US Only

  • Assets Managed

    n/a

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