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.
0.20% - 4%
Asset Class Return•1Y
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
Term of investment
Interest compounded daily
No account opening or maintenance fees
Remote check deposits, transfers via CIT 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.