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 Savings Connect | Up to 0.90% APY | Review |
CIT Bank Money Market | 0.70% APY + Amazon Prime Offer | Review |
CIT Bank Savings Builder | 0.55% APY | Review |
CIT Bank CDs | Up to 0.50% APY | Review |
CIT Bank No Penalty CD | 0.30% APY | Review |
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CIT Bank Money Market Amazon Prime Membership Offer + 0.55% APY
With the Money Market Account, you can earn a 0.55% 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.
This limited time offer of a one-year Amazon Prime membership is available to Customers who open a new CIT Bank Money Market account.
Customers will receive a one-year Amazon Prime membership1 provided that the following three requirements are met:
- Open a new CIT Bank Money Market account and enter the promotion code “AMZN22” at the time of account opening.
- Deposit at least $15,000 to the account within the first 15 calendar days following account opening (the “Funding Period”). The $15,000 used to fund the account must come from a funding source outside of CIT Bank. Transfers from existing CIT Bank accounts will not qualify.
- Maintain an end-of-day account balance of at least $15,000 each of the 60 days following the end of the Funding Period. If the end-of-day balance falls below $15,000 at any time during this 60-day period, you will not qualify for the Amazon Prime membership offer.
There is a limit of one Money Market promotional offer per account and per customer. If multiple Money Market accounts are opened, only one account will be eligible. Custodial accounts are not eligible. This offer is non-transferable.
Customers meeting all of the above requirements will be sent an email with instructions on how to activate their one-year Amazon Prime membership. This instructional email will be sent to the email address on file for the primary account owner approximately 30 days after the end of 60-day period specified in requirement #3, above. The account must remain open for the instructional email to be sent.
IMPORTANT: All customers who qualify for the one-year Amazon Prime membership must redeem it no later than 03/23/2024. Customers who fail to redeem by this deadline will forfeit the one-year Amazon Prime membership from CIT Bank.
Note: information and access to the one-year Amazon Prime membership is provided in electronic form, via email. No paper certificates or gift cards are available.
- Account(s) Eligible: Money Market
- Availability: Nationwide (Bank Locator)
- Hard/Soft Inquiry: Soft Pull
- Direct Deposit Requirement: None
- Opening Deposit: $100
- Monthly Service Fee: None
- Early Termination Fees: None
(FDIC Insured)
How to Earn Your Money Market Account 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 | 0.55% |
- 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
- $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 0.55% 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 (Bank Locator)
- Hard/Soft Inquiry: Soft Pull
- Opening Deposit: $100
- Monthly Service Fee: None
- Early Termination Fees: None
(FDIC Insured)
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 | 0.31% |
Upper | $0 – $25,000, but with monthly deposit of $100 or more | 0.55% |
Upper | $25,000+ | 0.55% |
*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.
- 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.
- $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
CIT Bank Savings Connect Promotion
With the CIT Savings Connect Account linked eChecking account, you can earn up to 0.90% APY.
- Account(s) Eligible: Savings Connect Account linked with eChecking
- Availability: Nationwide (Bank Locator)
- Hard/Soft Inquiry: Soft Pull
- Opening Deposit: $100 for each account
- Monthly Service Fee: None
- Early Termination Fees: None
(Visit CIT Bank to learn more)
How to Earn Rate
- 1. Simply open a Savings Connect account with a linked eChecking account.
- The minimum opening deposit for each account is $100.
- 2. Make a monthly $200 electronic payment into your eChecking account.
- 3. Earn up to 0.90% APY.
- Earn More: Earn 10x the national average with a Savings Connect account.
- Competitive Rate. Get a competitive rate on your Savings Connect account by opening a linked eChecking account and making the automated monthly deposit of $200 or more.
- Easy Access. Access your accounts 24/7 online and on the mobile app or through any U.S. ATM with your eChecking debit card.
- ATM Reimbursement. CIT Bank doesn’t charge ATM fees and reimburses up to $30 in other U.S. bank’s ATM fees on eChecking accounts.
- Easy Deposits. Deposit checks remotely and make transfers easily with the CIT Bank mobile app.
- Easy access to your eChecking account through Zelle®Scroll to disclosure:3, Bill Pay and your CIT Debit card.
- No monthly service fees.
- FDIC insured.
- 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.
- 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 Qualifying eChecking account must be opened concurrently with the Savings Connect account and the ownership of both accounts must be identical.
- The minimum to open an eChecking account is $100.
- Both accounts must be funded within 30 days of account opening.
CIT Bank 0.30% APY 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 0.30% 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
(FDIC Insured)
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)
Term Length | Account Balance | APY |
11-Month No-Penalty CD | $1,000+ | 0.30% |
- No penalty to access funds if needed before maturity
- No opening or maintenance fees
- Daily compounding interest to maximize your earning potential
- FDIC insured
- 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 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
- 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
(FDIC Insured)
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)
CD Rates | |
---|---|
6-Month Term | 0.30% APY |
1-Year Term | 0.30% APY |
13-Month Term | 0.35% APY |
18-Month Term | 0.30% 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 |
- 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
- 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.
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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