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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.

    $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. See advertiser website for full details.

    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. See advertiser website for full details.

    Expires 4/16/2020
    $200

    $200 Cash Bonus for Existing CIT Customers

    Enroll in the 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.

    Expires 4/16/2020
    $100

    $100 Cash Bonus for Existing CIT Customers

    Enroll in the 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.

    Expires 4/16/2020
    1.85%

    CIT Bank Money Market Account - 1.85% APY

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

    CIT Bank Term CDs

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

    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

Compare Promotions

    HSBC

    HSBC Advance Checking - Up to $350 Cash Back

      Get up to $350 with a 2% Cash Back Checking Offer when you open a new HSBC Advance checking account and complete the following qualifying activities.
    • 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.
    Expires 3/1/2020
    Discover

    Online Savings Account - Earn 1.70% APY

    • 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.

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

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.

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 LinkPromoReview
CIT Savings Builder High Yield Savings1.80% APYReview
CIT Savings Builder$200 Cash BonusReview
CIT Savings Builder$100 Cash BonusReview
CIT Bank Money Market Account1.85% APYReview
CIT Bank No-Penalty CD1.75% APYReview
Discover Online Savings Account1.70% APYReview
HSBC Advance CheckingUp to $350Review
HSBC Premier CheckingUp to $700Review
Chase Sapphire℠ Checking$1,000Review
Chase Total Business Checking®$200Review
Chase Premier Plus Checking℠$300Review
Chase Total Checking® + Chase Savings℠Up to $350Review
Chase Total Checking®$200Review
Chase Savings℠$150Review
Chase Private Client$2,000Review
Chase College Checking℠$100Review
Chase You Invest℠ by J.P. Morgan$625Review
TD Beyond Checking$300Review
TD Convenience Checking℠$150Review
Huntington Asterisk-Free Checking Account$150Review

    Highlights

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

CIT Bank

Ally Bank

 

Benefits and Features

SavingsSavings Builder up to 1.80% APY with $25,000+ balance or $100 monthly deposit.
1.60% APY
CDTerm 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%
CheckingeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,0000.10% APY under $15,000; 0.50% APY $15,000 or more
Money Market
1.85% APY
0.75% APY
Customer ServiceMonday - 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
 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: Pricing information from published website as of 10/1/2019

Ally Bank: Pricing information from published website as of 01/22/2020.


CIT Alternatives

    Discover

    Online Savings Account - Earn 1.70% APY

    • No fees
    • No minimum opening deposit
    • No minimum balance required
    Chase

    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
    Huntington

    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.

    HSBC

    HSBC Advance Checking - Up to $350 Cash Back

      Get up to $350 with a 2% Cash Back Checking Offer when you open a new HSBC Advance checking account and complete the following qualifying activities.
    • 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.
    Expires 3/1/2020
    Axos Bank

    Rewards Checking

    • Up to 1.25% APY
    • No minimum balance requirements
    • No fees to open or maintain account
    • Overdraft Protection
    • Daily Compounding Interest
    • FDIC insured

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

    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.

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More Bank Promotions


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