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CIT Bank Promotions

    Premier High Yield Savings Account

    • 1.55% APY
    • $100 Minimum Opening Deposit
    • No Fees to Open or Maintain Account
    • Daily Compounding Interest
    • No Minimum Daily Balance Requirement
    • FDIC Insured

    Money Market Account

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

    Open a CD with CIT

    Term CDs

    • $1,000 Minimum Opening Deposit
    • Up to 1.95% APY
    • Up to 5 years
    • No monthly maintenance fee
    • FDIC insured
    • Daily Compounding Interest

    No-Penalty CD

    • Option to Withdraw Full Balance and Interest After 7 Days of CD Funding Date
    • $1,000 Minimum Opening Deposit
    • Up to 1.85% APY
    • 11 Months
    • No monthly maintenance fee
    • FDIC insured
    • Daily Compounding Interest

    RampUp Plus CDs

    • $25,000 Minimum Opening Deposit
    • Up to 1.27% APY
    • 1 and 2-Year
    • No monthly maintenance fee
    • FDIC insured
    • Daily Compounding Interest

    RampUp CDs

    • $25,000 Minimum Opening Deposit for 3-Year Term / $50,000 Minimum for 4-Year Term
    • Up to 1.38% APY
    • 3 and 4-Year
    • No monthly maintenance fee
    • FDIC insured
    • Daily Compounding Interest

    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

CIT Bank Offers You May Have Missed

Don't miss another hot deal. Check back often at CreditDonkey.

    $100

    $100 Cash Bonus when you open a Premier High Yield Savings Account.

    Expired 12/21/2017

    Conditions apply.

    1.35% APY - Premier High Yield Savings Account

    Expired 12/21/2017

    1.35% APY on balances up to $250k


Tips for 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 savings, money market, and a variety of CDs. There are no maintenance fees on any of the deposit accounts.

How to Get the Best Promo at CIT Bank

  • Look for promo codes. Keep your eye out on our page for coupons. Once in a while, CIT offers deal coupons to new customers. For example, you may get a cash bonus when you open a certain account. If you see one, be aware of when the offer expires and act on it quick.

  • Get the Money Market account. CIT's money market account is one of the best out there. Its APY is one of the highest offered by CIT. You don't need a coupon code to enjoy the high rate.

What Bank Account to Open at CIT Bank

  • Money Market. CIT's 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 the savings account and many CDs, and plus you get more flexibility in how you use your money.

  • High Investor Savings. The APY for CIT's savings account is pretty solid too. You just need $100 to open the account. There are no maintenance fees.

  • No-Penalty CD. If you're not sure if you can commit to not touching your money for a specific term, CIT offers a 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.

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.

  • Ramp-up CD. This CD gives you the option to increase your rate once over your term, if the APY goes up. However, the APY is not as good as just the normal term CD. And plus, you need a huge minimum deposit to open one.

Disclaimer: Opinions expressed here are those of the author's alone. Please support CreditDonkey on our mission to help you make savvy financial decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content.

    Highlights

    Savings
    1.55% APY. $100 minimum opening deposit. No fees to open or maintain account. No minimum daily balance requirement.
    CD
    Term CDs up to 1.95% APY. $1,000 minimum opening deposit. No monthly maintenance fee.
    Money Market Account
    1.85% APY. $100 minimum deposit. No monthly maintenance fee.

    More Information

  • Pricing information from published website as of 6/9/2018
  • 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 BankAlly Bank
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CIT Bank

Ally Bank

 

Benefits and Features

Savings1.55% APY. $100 minimum opening deposit. No fees to open or maintain account. No minimum daily balance requirement.1.65% APY. No monthly service fee and no minimum deposit.
CDTerm CDs up to 1.95% APY. $1,000 minimum opening deposit. No monthly maintenance fee.1.00% to 2.75% APY. Terms of 3 months to 5 years. 12-month CD APY of 2.10% for balances under $5,000 (2.30% for balances $25,000+). No minimum deposit to open.
Checking 0.10% APY under $15,000; 0.60% APY $15,000 or more. No monthly service fee and no minimum deposit. Ally will refund ATM fees for other banks up to $10 per statement cycle.
Money Market 0.90% APY under $25,000; 1.00% APY $25,000 or more. No monthly service fee and no minimum deposit.
Customer Service 
24/7
ATMs Over 43,000 no-fee Allpoint ATMs
Locations 
Online Only
Money Market Account1.85% APY. $100 minimum deposit. No monthly maintenance fee. 
 Visit SiteLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

CIT Bank: Pricing information from published website as of 6/9/2018

Ally Bank: Pricing information from published website as of 6/15/2018


Articles on CIT Bank

    CIT Bank Reviews

    December 16, 2017 - Reviews for CIT Bank Promo Code
    CIT Bank offers high interest rates on its online savings and CD accounts. But there are some downsides. Here's what you need to know before you open an account.

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About CreditDonkey®
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.