CIT Bank Promotions

Read our in-depth review of CIT to see why CIT scored 4.5 stars out of 5. We like their high apy, no monthly service fees, and low opening deposits.

1.80%

Savings Builder High Yield Savings - 1.80% APY

Earn up to 1.80% APY. Here's how it works: Maintain a minimum balance of $25k OR make at least a $100 minimum deposit every month.

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$200

CIT Savings Builder - $200 Cash Bonus

Open a Savings Builder account with a minimum of $100 and enter the promo code, Bonus20. Fund your new account within 15 calendar days of the open date and meet one of the minimum balance requirements. Deposit $25,000 to $49,999 for $100 bonus or $50,000+ for $200 bonus. Maintain the minimum balance for 90 calendar days.

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Expires 4/16/2020

$100

CIT Savings Builder - $100 Cash Bonus

Open a Savings Builder account with a minimum of $100 and enter the promo code, Bonus20. Fund your new account within 15 calendar days of the open date and meet one of the minimum balance requirements. Deposit $25,000 to $49,999 for $100 bonus or $50,000+ for $200 bonus. Maintain the minimum balance for 90 calendar days.

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Expires 4/16/2020

$200

$200 Cash Bonus for Existing CIT Customers

Existing CIT Bank customers can earn a $100 or $200 bonus.

Here's how it works: Enroll in the Savings Builder Bonus promotion. Add funds within 15 calendar days with new money. Deposit $25,000 to $49,999 for $100 bonus or $50,000+ for $200 bonus. Maintain the minimum balance requirement for the desired bonus for 30 calendar days. An existing customer must have a valid CIT Bank User ID that was created prior to January 16, 2020. Existing customers enrolled in a Savings Builder bonus promotion prior to January 1, 2020 are not eligible for this promotion.

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Expires 4/16/2020

$100

$100 Cash Bonus for Existing CIT Customers

Existing CIT Bank customers can earn a $100 or $200 bonus.

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Expires 4/16/2020

1.85%

CIT Bank Money Market Account - 1.85% APY

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1.85% APY
$100 Minimum Opening Deposit
No monthly maintenance fee
FDIC Insured

Open a CD with CIT Bank

Open a CD

CIT Bank Term CDs

$1,000 Minimum Opening Deposit
Up to 1.85% APY
No monthly maintenance fee
FDIC insured
Daily Compounding Interest

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1.75%

CIT Bank No Penalty CD

1.75% APY
Option to Withdraw Full Balance and Interest After 7 Days of CD Funding Date
$1,000 Minimum Opening Deposit
11 Months
No monthly maintenance fee
FDIC insured
Daily Compounding Interest

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CIT Bank Jumbo CDs

$100,000 Minimum Opening Deposit
Up to 1.75% APY
Up to 5 years
No monthly maintenance fee
FDIC insured
Daily Compounding Interest

Get a High Interest Rate

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HSBC Advance Checking - Up to $350 Cash Back

$350

Open your new HSBC Advance checking account by March 1, 2020; and
Set up Qualifying Direct Deposits into your new HSBC Advance checking account; and then
Enjoy 2% Cash Back on Qualifying Direct Deposits into your new HSBC Advance checking account, up to $30 per month, during the first 12 calendar months after account opening — up to $350
You will automatically receive the 2% Cash Back in your new HSBC Advance checking account approximately eight weeks after completing that month's qualifying activities.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

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Expires 3/1/2020

Online Savings Account - Earn 1.70% APY

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No fees
No minimum opening deposit
No minimum balance required

About CIT Bank

CIT Bank offers some of the highest interest rates on the market. It is an online-only bank. Because there is no overhead typical of brick-and-mortar banks, CIT can pass the savings to customers in forms of higher interest rates.

CIT offers interest checking, savings account, money market, and a variety of CDs. There are no maintenance fees on any of the CIT bank accounts.

Best CIT Bank Promotion for January 2020

Offer Link	Promo	Review
CIT Savings Builder High Yield Savings	1.80% APY	Review
CIT Savings Builder	$200 Cash Bonus	Review
CIT Savings Builder	$100 Cash Bonus	Review
CIT Bank Money Market Account	1.85% APY	Review
CIT Bank No Penalty CD	1.75% APY	Review

How to Get Best Promo and Deals at CIT Bank

Wait for cash bonus offers. Occasionally, CIT Bank offers a cash bonus for opening a new account. CIT wants your business. Typically, these will require a large deposit. You can save up somewhere else and then transfer when these CIT promo become available.
Start saving with high rates anytime. You can open any account with no CIT Bank coupons needed, anytime you want. You just need $100 to open a savings account and $1,000 for CDs.

How long do CIT Bank coupons last? Sometimes, CIT may offer limited-time cash bonus for opening a new account. This will require coupon codes. Typically, CIT Bank offers are available year-round with no expiration date or promo codes needed. You may apply for the accounts at any time and receive the latest rates.

Pros & Cons of Banking With CIT

PROS:

Higher interest rates than traditional banks
No monthly service fees on any of CIT's accounts
Low opening deposits ($100 for checking & savings account and $1,000 for CDs)
Minimal banking fees
Remote check deposits

CONS:

No physical locations
No check writing from the checking account
May experience wait times on the phone

What Bank Account to Open at CIT Bank

Savings Builder High Yield Savings - 1.80% APY

Earn up to 1.80% APY. Here's how it works: Maintain a minimum balance of $25k OR make at least a $100 minimum deposit every month.

Click Here to See Terms

How do I use CIT Bank coupons? Typically, CIT Bank offers do not require coupons. Just simply access the deal through our CIT page and you will receive the latest rates and promo. In cases of special limited-time promos, we will provide CIT Bank coupons. All applications are online only.

Savings. The APY for CIT high yield savings account is solid. You just need $100 to open the account. There are no maintenance fees.
Money Market. CIT Bank money market account offers significantly higher APY rates than competitor online banks. The opening deposit is just $100 and there are no maintenance fees. The APY is even higher than that of popular savings account and many CDs. Plus, you get more account access flexibility. You don't need a promo to enjoy the high rate.
No-Penalty CD. CIT offers a popular no-penalty CD with an excellent rate. You get the flexibility to withdraw your balance and interest earned without being penalized. There is a minimum deposit of $1,000.
eChecking. CIT Bank's new checking account comes with a free MasterCard debit card, free online bill pay, and mobile check deposits. CIT charges no ATM fees, and will reimburse other banks' ATM fees up to $15 per month.

How to save money at CIT Bank? CIT Bank offers several savings and CD accounts with high rates to help you grow your savings faster. You can get the CIT Bank coupons by applying for the accounts through one of our current promotions.

What Not to Open at CIT Bank

Term CDs over 2 years. Usually, CDs with longer terms have higher APY. However, CIT's longer term CDs (2 years and above) actually have lower APYs than their 18-month CD. If you're looking for a long-term CD, other banks can offer better rates.

Related: Best Online Savings Account

Are Online Banks Safe?

CIT is safe. Even though online banks don't have physical branches, they are FDIC insured like a brick-and-mortar bank. CIT Bank is a member of the FDIC and follows the rules and regulations as traditional banks. This means if CIT Bank defaults, the federal government will pay back what you had, up to $250,000.

CIT Bank Fees

CIT Bank waives many common banking fees. All accounts have:

No account opening fees
No monthly service fees
No account closing fees
No fees for incoming wire transfer
No mailed check fees
No online transfer fees

Some fees you may encounter are:

$10 outgoing wire transfer ($0 for accounts $25,000+)
$10 excessive transaction (for Money Market Account)
$30 bill pay stop payment
$30 overdraft fee
$10 debit card replacement (1 free card per year)
1% of transaction amount for international ATM withdrawals

CIT Bank Location

CIT is a popular online-only bank with no physical branches. There is only one physical location at their headquarters in Pasadena. However, this is only their business headquarters' office. It's not a place where you can walk in, open accounts, or do banking business.

75 North Fair Oaks Ave
Pasadena, CA 91103

Is CIT Bank the same as OneWest bank?
CIT Group acquired OneWest Bank in 2015, which is a regional bank based in Southern California with over 60 branches. However, CIT Bank is online only and separate from OneWest Bank. You cannot perform any CIT banking operations at OneWest locations.

What Banks Have Promotions

CIT Bank offers some of the best interest rates for savings, money market, and CD accounts. Here are the top banks offering promotions:

Offer Link	Promo	Review
CIT Savings Builder High Yield Savings	1.80% APY	Review
CIT Savings Builder	$200 Cash Bonus	Review
CIT Savings Builder	$100 Cash Bonus	Review
CIT Bank Money Market Account	1.85% APY	Review
CIT Bank No Penalty CD	1.75% APY	Review
Discover Online Savings Account	1.70% APY	Review
HSBC Advance Checking	Up to $350	Review
HSBC Premier Checking	Up to $700	Review
Chase Sapphire℠ Checking	$1,000	Review
Chase Total Business Checking®	$200	Review
Chase Premier Plus Checking℠	$300	Review
Chase Total Checking® + Chase Savings℠	Up to $350	Review
Chase Total Checking®	$200	Review
Chase Savings℠	$150	Review
Chase Private Client	$2,000	Review
Chase College Checking℠	$100	Review
Chase You Invest℠ by J.P. Morgan	$625	Review
TD Beyond Checking	$300	Review
TD Convenience Checking℠	$150	Review
Huntington Asterisk-Free Checking Account	$150	Review

In-Depth Review

Highlights

Savings
Savings Builder up to 1.80% APY with $25,000+ balance or $100 monthly deposit.

Compare: CIT vs Discover

CD
Term CDs up to 1.85% APY. $1,000 minimum opening deposit.

Checking
eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000

Read: Free Online Checking Account

Compare: CIT vs Ally Bank

Money Market
1.85% APY

Customer Service
Monday - Friday: 8:00 am - 9:00 pm (ET)
Saturday: 9:00 am - 5:00 pm (ET)
Sunday: 11:00 am - 4:00 pm (ET)

Locations
Online Only

Compare: CIT vs Chase

More Information

Pricing information from published website as of 10/1/2019
For the complete terms and conditions, view the merchant's website. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. Please review the terms and conditions on the merchant's website.

	CIT Bank	Ally Bank


	Benefits and Features
Savings	Savings Builder up to 1.80% APY with $25,000+ balance or $100 monthly deposit.	1.60% APY
CD	Term CDs up to 1.85% APY. $1,000 minimum opening deposit.	0.75% to 2.15% APY. Terms of 3 months to 5 years. 12-month CD APY of 2.00%
Checking	eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000	0.10% APY under $15,000; 0.50% APY $15,000 or more
Money Market	1.85% APY	0.75% APY
Customer Service	Monday - Friday: 8:00 am - 9:00 pm (ET) Saturday: 9:00 am - 5:00 pm (ET) Sunday: 11:00 am - 4:00 pm (ET)	24/7
ATMs		Over 43,000 no-fee Allpoint ATMs
Locations	Online Only	Online Only

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. CIT: Pricing information from published website as of 10/1/2019 Ally Bank: Pricing information from published website as of 01/22/2020.

CIT Alternatives

Online Savings Account - Earn 1.70% APY

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No fees
No minimum opening deposit
No minimum balance required

Chase Sapphire℠ Checking

Enjoy a $1,000 welcome bonus when you join Sapphire℠ Banking. Within 45 days, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible personal checking, savings and/or investment accounts, (excludes any J.P. Morgan retirement accounts and CDs) and maintain that balance for 90 days.
Enjoy a new kind of banking experience
No ATM fees worldwide - down the street or around the globe
Perks that add up - relationship rates, special access and help when you need it
Open online
Email my upgrade code
Available in: AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KY, LA, MA, MD, MI, MS, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WI, WV

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Asterisk-Free Checking Account - $150 Bonus

Open a Huntington Asterisk-Free Checking account online. Make total deposits of at least $1,000 within 60 days of account opening. Your bonus of $150 will be deposited in your Asterisk-Free checking account after all requirements are met and your account is open for 90 days. This offer is available to applicants residing in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.

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HSBC Advance Checking - Up to $350 Cash Back

$350

Open your new HSBC Advance checking account by March 1, 2020; and
Set up Qualifying Direct Deposits into your new HSBC Advance checking account; and then
Enjoy 2% Cash Back on Qualifying Direct Deposits into your new HSBC Advance checking account, up to $30 per month, during the first 12 calendar months after account opening — up to $350
You will automatically receive the 2% Cash Back in your new HSBC Advance checking account approximately eight weeks after completing that month's qualifying activities.
Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

Get Deal

Expires 3/1/2020

Articles on CIT Bank

CIT Bank Review

Want a high interest rate at a good FDIC insured bank? CIT is tempting, but has some downsides. Read this CIT Bank review before you open an account.

CIT Bank Savings Builder Review

If you can save just $100 per month, you can earn a high APY with CIT Bank Savings Builder. Find out if this bank is good for you.

CIT Bank CD Rates

CIT Bank is known for competitive interest rates on online savings products. How are their CD rates? Check out the current rates and how they compare below.

CIT Bank Promo Code

View list of latest CIT Bank online promotions. CIT Bank offers high yield online bank accounts with low minimum deposit requirements and minimal fees.

Who is CIT Bank

CIT Bank offers accounts with high interest rates and low fees. But just who is CIT Bank? And should you trust them with your money? Read on to learn more.

CIT Bank Login

Forgot your CIT Bank username? We'll show you how to login your online bank account.

CIT Bank Complaints

CIT Bank offers a high APY. But there are some downsides, too. Read on to learn more about CIT Bank common complaints and possible solutions.

CIT Bank Routing Number

Want to transfer money in or out of your CIT Bank account? Read this review to find your ABA routing number.

CIT Bank Locations

CIT Bank is an online only bank with no physical branches. Find out how to manage your account, reach customer service, and the bank's current offers.