Cit Bank Interest Rates and Account Options

Cit Bank offers a range of interest-bearing accounts that can help you earn more on your savings.

Their High Yield Savings account has a competitive interest rate of up to 2.15% APY, making it a great option for those looking to grow their savings over time.

For those who want to save a fixed amount regularly, Cit Bank's No-Penalty CD is a great choice, offering a 2.25% APY for terms ranging from 6 to 60 months.

You can also consider Cit Bank's Money Market account, which earns a competitive interest rate of up to 2.10% APY and comes with a debit card and checks for easy access to your funds.

A unique perspective: What Is High Yield Savings Account Interest Rate

Cit Bank offers a range of high-yield savings accounts with competitive interest rates.

The CIT Savings Connect account has a top interest rate of 4.00% APY with no minimum balance requirement.

You can earn 1.55% APY with the CIT Bank Money Market account by making an opening minimum deposit of $100.

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The CIT Savings Builder account has tiered interest rates, with the top APY tier of 1.00% available to those who maintain a balance of $25,000 or make at least one monthly deposit of $100.

Here are the CIT Bank interest rates for different accounts:

These interest rates are subject to change at the bank's discretion, so it's always a good idea to check the CIT Bank website for the most up-to-date information.

You can open a Platinum Savings account with CIT Bank in minutes and start earning 5.05% interest with $5,000 or more.

To get started, you'll need to meet the minimum deposit requirement of $5,000. This will give you access to the high interest rate and start earning money right away.

With CIT Bank, you can open an account quickly and easily online, making it a convenient option for those who want to start earning interest fast.

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To open an account with a high savings interest rate, you can start by choosing a bank that offers a high-yield savings account, such as CIT Bank.

CIT Bank allows you to open a Platinum Savings account in minutes, which can help you get started quickly.

You'll need to have a minimum of $5,000 to open a Platinum Savings account at CIT Bank to earn 5.05% interest.

Checking out the CIT Bank Review can provide more information about the bank and its services.

If you're looking for a different type of account, CIT Bank also offers high-yield CDs, including term CDs and no-penalty 11-month CDs.

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A Savings Builder account is essentially a high-interest savings account that's perfect for meeting your savings goals. It's offered by CIT Bank and provides digital access 24/7.

To qualify for the higher interest rate, you'll need to either maintain a minimum balance of $25,000 or make at least one monthly deposit of $100 or more. This is a great option for those who want to earn a higher interest rate on their savings.

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The CIT Savings Builder account boasts interest rates that are significantly higher than the national average. In fact, its top rate of 1.00% APY is much higher than the nationwide average of 0.09% APY.

Here are some of the key benefits of the CIT Savings Builder account:

With CIT Bank, you can enjoy competitive rates on your account, which means you'll get a good return on your money.

Their accounts are FDIC insured, so your money is secure and protected.

The CIT Bank mobile app makes it easy to manage your account from anywhere.

One of the best things about CIT Bank is that they don't charge any monthly service fees, so you can keep all your earnings.

Here are some key account features to keep in mind:

The CIT Bank Savings Builder Promotion offers a unique way to earn a higher interest rate. You can earn up to 1.00% APY by making a minimum opening deposit of $100 to your CIT Bank Savings Builder Account. This rate is available when you maintain an account balance of $25,000 or make at least one monthly deposit of $100 or more.

The Savings Builder Account has a soft pull inquiry, which means it won't affect your credit score. You can also open the account with just $100, and there are no monthly service fees or early termination fees. To earn the top rate, you'll need to meet one of the two balance requirements: maintaining a balance of $25,000 or making a monthly deposit of $100 or more.

Here are the APY tiers for the Savings Builder Account:

Keep in mind that the APY assumes the account is opened on the 15th day of the month and no qualifying deposits of $100 are made following account opening.

Cit Bank interest rates are competitive, with a range of options to suit different needs. The minimum balance requirement to avoid fees is $100 for checking accounts and $500 for savings accounts.

Maintenance fees can be waived with certain conditions, such as maintaining a minimum balance or setting up direct deposit. This can help you save money and avoid unnecessary charges.

Interest rates on Cit Bank CDs range from 2.15% APY to 4.65% APY, depending on the term length and balance requirements. The longer the term, the higher the interest rate, but you'll need to keep your money locked in the CD for the specified period.

Fees for early withdrawal from Cit Bank CDs can be steep, up to $25 for amounts under $5,000. This is a significant penalty, so it's essential to carefully consider your financial situation before opening a CD.

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Having a high-yield savings account with CIT Bank can be a game-changer for your finances. You can earn significantly more interest than with traditional brick-and-mortar banks, as I found out when I moved my money from a 0.2% interest rate to CIT Bank's higher rate.

The CIT Savings Builder Account offers interest tiers, with the top APY of 1.00% available to those who maintain a balance of $25,000 or make a monthly deposit of $100 or more. If you don't meet these conditions, you'll earn the base interest rate of 0.250%.

To qualify for the top interest rate, you'll need to review your account on the fourth business day prior to the end of a month. This is known as an Evaluation Day. On this day, your account will be reviewed to see if you've maintained the $25,000 balance requirement or made at least one $100 deposit.

Setting up an automated deposit can help you always earn the top APY tier. This way, you'll never miss a deposit and can take advantage of the higher interest rate.

Here are the CIT Savings Builder Account interest tiers:

Keep in mind that the initial $100 minimum deposit to open the account does not count toward deposit requirements.

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CIT Bank's customer service is available to help with any questions or concerns you may have. You can reach them Monday through Friday from 8 a.m. to 9 p.m. ET.

If you're looking to contact CIT Bank on a Saturday, their customer service hours are from 9 a.m. to 5 p.m. ET. On Sundays, you can reach them from 11 a.m. to 4:00 p.m. ET.

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To get in touch with CIT Bank's customer service, you can call their main number at 855-462-2652 from within the United States. If you're calling from outside the US, you can reach them at 626-535-8964. You can also fax your questions or concerns to 866-914-1578.

If you're looking to contact CIT Bank specifically about home loans, you can call their dedicated number at 800-217-6629, which is available Monday through Friday from 9 a.m. to 8 p.m. ET.

Here are CIT Bank's customer service hours in a quick reference format:

Low interest rates can be a downer, but don't let them get you down.

You'll still earn interest on your money, even if rates are low.

CIT Bank offers two tiers of interest rates, which is a nice perk.

For balances up to $100,000, you can earn a higher rate, making it a great option for parking your savings.

For balances over $100,000, the rate is a bit lower, but still worth considering.

Give CIT Bank a shot if you're looking for a place to grow your savings, even in a low-rate environment.

CIT Bank offers a Platinum Savings account with a 5.05% interest rate on balances $5,000 and up.

This account is a great option for those with a decent amount of savings, as it provides a higher interest rate compared to other accounts.

CIT also has Savings Connect accounts with a 4.65% APY, which is a significant return on investment.

There is no minimum balance requirement for these accounts, making them accessible to a wider range of customers.

You just need to make a $100 minimum initial deposit to get started, which is a relatively low barrier to entry.

CIT is a fantastic option if you're looking for a safe place to park your cash and earn some interest.