Take advantage of CIT Bank promotions, rates, and offers.
The savings account promotion we have listed below has no monthly maintenance fees and it comes with free online banking.
At CIT Bank, you do not have to hesitate as your money is FDIC insured and the interest is compounded daily to maximize your earning potential.
CIT Bank offers Savings Accounts, Certificates of Deposit (CDs), IRA CDs, and more.
Because CIT Bank operates only online nationwide, overhead costs of operating physical branch locations are avoided and can use these savings, offering higher rates to their customers.
| PROMOTIONAL LINK | OFFER | REVIEW |
| CIT Bank 13-Month CD | 4.65% APY | Review |
| CIT Bank 18-Month CD | 4.60% APY | Review |
| CIT Bank 11-Month No Penalty CD | 4.10% APY | Review |
| CIT Bank 6-Month CD | 4.15% APY | Review |
| CIT Bank Savings Connect | 4.05% APY | Review |
| CIT Bank Money Market | 1.55% APY | Review |
| CIT Bank Savings Builder | 1.00% APY | Review |
Table of Contents
CIT Bank 4.10% APY 11-Month No Penalty CD
Certificates of Deposits are an easy and secure ways to earn higher savings rates for your money. One of CIT Bank’s best rates are on their 11-Month CD Special that earns 4.10% APY. This is one of the best opportunities to grow your money.
- Promotion Link:
- Account Type: No-Penalty 11-Month CD
- Availability: Nationwide; Online Only
- Hard/Soft Inquiry: Soft Pull
- Direct Deposit Requirement: None
- Opening Deposit: $1,000
- Monthly Service Fee: None
- Early Termination Fees: None
- How to earn rate:
- You will need the standard information, including your SSN, drivers license, the account information of the bank you wish to link to your CIT account, and similar information. The minimum deposit for CDs is $1,000 for the no penalty CD.
- Select the No-Penalty CD on CIT Bank’s website.
- Complete your application.
- Review and accept the terms and conditions.
- Set up a few security questions.
- Fund the new account (You can transfer money into CIT through an ACH transfer)
- You will need the standard information, including your SSN, drivers license, the account information of the bank you wish to link to your CIT account, and similar information. The minimum deposit for CDs is $1,000 for the no penalty CD.
| Term Length | Account Balance | APY |
| 11-Month No-Penalty CD | $1,000+ | 4.10% |
(FDIC Insured)
Account Features
- No penalty to access funds if needed before maturity
- No opening or maintenance fees
- Daily compounding interest to maximize your earning potential
- FDIC insured
Fine Print
- You may withdraw the total balance and interest earned, without penalty beginning seven days after the funds have been received for your CD. No withdrawals are permitted during the first six days following the receipt of funds.
CIT Bank Savings Connect Promotion
With the CIT Savings Connect Account, you can earn 4.05% APY.
- Account(s) Eligible: Savings Connect Account
- Availability: Nationwide
- Hard/Soft Inquiry: Soft Pull
- Opening Deposit: $100
- Monthly Service Fee: None
- Early Termination Fees: None
- How to earn rate:
- Simply open a Savings Connect account with a $100 deposit
- Earn 4.05% APY.
(Visit CIT Bank to learn more)
Account Features
- Earn More: Earn many times the national average with a Savings Connect account.
- Competitive Rate. Get a competitive rate on your Savings Connect account.
- Easy Access. Access your accounts 24/7 online and on the mobile app.
- Easy Deposits. Deposit checks remotely and make transfers easily with the CIT Bank mobile app.
- No monthly service fees.
- FDIC insured.
Fine Print
- Savings Connect offers a higher interest rate to customers.
- Interest rates and Annual Percentage Yields (APYs) are variable and may change without notice.
- The minimum to open a Savings Connect account is $100.
- Fees could reduce earnings on the accounts.
- The account must be funded within 30 days of account opening.
CIT Bank Certificate of Deposit Account(s)
CIT Bank CDs provide a safe, secure way to grow your savings. Choose from a selection of CD rates and terms to help you stay on target for your savings goals. See below for more info regarding CIT Bank Certificate of Deposits.
- Account Type: Certificate of Deposit (CD)
- Availability: Nationwide; Online Only
- Hard/Soft Inquiry: Soft Pull
- Direct Deposit Requirement: None
- Opening Deposit: $1,000
- Monthly Service Fee: None
- Early Termination Fees: None
- How to earn rate:
- You will need the standard information, including your SSN, drivers license, the account information of the bank you wish to link to your CIT account, and similar information. The minimum deposit for CDs is $1,000 for the no penalty CD.
- Select the CD term on CIT Bank’s website of your choice.
- Complete your application.
- Review and accept the terms and conditions.
- Set up a few security questions.
- Fund the new account (You can transfer money into CIT through an ACH transfer)
- You will need the standard information, including your SSN, drivers license, the account information of the bank you wish to link to your CIT account, and similar information. The minimum deposit for CDs is $1,000 for the no penalty CD.
(FDIC Insured)
| CD Rates | |
|---|---|
| 6-Month Term | 4.15% APY |
| 1-Year Term | 0.30% APY |
| 13-Month Term | 4.65% APY |
| 18-Month Term | 4.60% APY |
| 2-Year Term | 0.40% APY |
| 3-Year Term | 0.40% APY |
| 4-Year Term | 0.50% APY |
| 5-Year Term | 0.50% APY |
Account Features
- No penalty to access funds if needed before maturity
- There is no opening or maintenance fees
- Daily compounding interest to maximize your earning potential
- FDIC insured
Fine Print
- You may withdraw the total balance and interest earned, without penalty beginning seven days after the funds have been received for your CD.
- No withdrawals are permitted during the first six days following the receipt of funds.
CIT Bank Money Market 1.55% APY
With the Money Market Account, you can earn a 1.55% APY when you make an opening minimum deposit of $100 to your CIT Bank Money Market Account. You’ll earn the rate on all balances.
- Account(s) Eligible: Money Market
- Availability: Nationwide
- Credit Inquiry: Soft Pull
- Direct Deposit Requirement: None
- Opening Deposit: $100
- Monthly Service Fee: None
- Early Termination Fees: None
- How to earn rate:
- Enter your info. You’ll need to provide your address, phone, email and social security number (or other taxpayer ID).
- Fund your account. A minimum of $1,000 is required to open your account. You can transfer funds with electronic transfer, mail in check, mobile check deposit, or wire.
- Done! CIT Bank will send you a confirmation email.
| Balance Requirement | APY |
| None | 1.55% |
(FDIC Insured)
Account Features
- Type of an account eligible for People Pay – You will need the have a Money Market account to use the People Pay service
- Set up recurring payments – You may schedule payments for specific amounts and frequencies, including: weekly, biweekly, monthly, bimonthly, quarterly, semi-annually or annually
- People Pay Usage outside of U.S – You may pay bills from outside the U.S. if you are using a compatible browser. Payments may only be made in U.S. currency to payees within the United States
- For a joint membership in People Pay – Both account holders must be signers on a Money Market account. Each account holder needs a unique username and password to access People Pay. People Pay activity for both account holders can be viewed under Account Services in Online Banking
- People Pay work through Pay Pal – You must enroll in the Pay Pal service. There may be a fee charged by Pay Pal for their People Pay service. The CIT Bank People Pay service is offered free of charge
- Non-sufficient or unavailable funds – If you accidentally schedule a payment and have unavailable funds,
your account will be charged a non-sufficient or unavailable funds fee of $30. Additional scheduled payments will be suspended until the matter is resolved with People Pay. For more information, please call the Contact Center at 855-462-2652 - Customer Support – For People Pay inquiries, please call the Contact Center at 855-462-2652 or send them a Secure Message via Online Banking
Fine Print
- $100 minimum opening deposit
- Interest Rates are variable and may change at any time without prior notice
- Fees will reduce earnings
- Account is limited to a total of six (6) preauthorized or automatic transfers or withdrawals, electronic banking transfers between other accounts or similar order per statement cycle period
- An excess activity fee will be charged each time the transaction limits are exceeded
- FDIC insured, up to $250,000 per depositor
CIT Bank Savings Builder Promotion
With the Savings Builder Account, you can earn up to 1.00% APY when you make a minimum opening deposit of $100 to your CIT Bank Savings Builder Account. Earn the rate by maintaining an account balance of $25,000 OR make at least one monthly deposit of $100 or more.
- Account(s) Eligible: Savings Builder
- Availability: Nationwide
- Hard/Soft Inquiry: Soft Pull
- Opening Deposit: $100
- Monthly Service Fee: None
- Early Termination Fees: None
- How to earn rate:
- Enter your info. You’ll need to provide your address, phone, email and social security number (or other taxpayer ID).
- Fund your account. A minimum of $100 is required to open your account. You can transfer funds with electronic transfer, mail in check, or wire.
- Now you’re done. CIT Bank will send a confirmation email.
| Tier | Balance Requirement | APY |
| Base | $0 – $25,000 | 0.40% |
| Upper | $0 – $25,000, but with monthly deposit of $100 or more | 1.00% |
| Upper | $25,000+ | 1.00% |
*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.
(FDIC Insured)
Account Features
- Make the most of your money. Online savings banks offer much higher rates than everyday banks. Open an account with $25,000 or more and earn a top tier, competitive APY on your money—one of the top savings rates in the nation.
- Build a habit of savings. If you don’t have $25,000 in your account, you can still earn the higher APY Tier by making a monthly $100 or more deposit. Pay yourself first. Start with $100 per month and build your habit of savings-—all while getting a top rate.
- Emergencies and unexpected events. Whether it’s for a job loss, pet expense, car or home repair, or medical issue, it’s most often the #1 reason people save.
- New or next home. Grow your savings faster than at your everyday bank for your first—or next dream home.
Fine Print
- $100 minimum opening deposit
- 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
- FDIC insured, up to $250,000 per depositor
Author’s Verdict
Here you will always find an updated list of CIT Bank promotions, bonuses, and offers. CIT Bank makes it even easier, by being an online banking service they make their rates and offers available nationwide.
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