March 15, 2020

CIT Bank Savings Bonus

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Does your money sit untouched in a low interest savings account? If so, maximizing your earnings can difficult. But don't worry—plenty of banks provide a solid APY with exciting new bonus offers.

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One option that's hard to ignore is CIT Bank. They have some of the highest interest rates on the market, making them a popular choice for active savers.

What to Expect With CIT Bank

CIT Bank recently launched their new Savings Builder account. With it, you can watch your money grow faster than it would in a traditional bank.

You won't have to worry about monthly fees or high opening deposits. Instead, CIT Bank offers a cash bonus when opening a Savings Builder account.

With a chance to earn up to $300, new and existing customers can enjoy this attractive offer until May 30, 2020.

Let's take a further look at CIT Bank offers below.

Shortcut: View the full list of CIT Bank bonus offers here.

CIT Bank Bonuses

CIT Bank is currently running a promotion that benefits both new and existing customers.

There are two bonus tiers to choose from. Each have their own requirements and allow you to earn a 1.75% APY rate.

Here's how it works:

  • Receive a $150 cash bonus if you deposit between $25,000 to $49,999
  • Receive a $300 cash bonus if you deposit $50,000 or more

New customers must enter the promo code Spring20 when filling out the application. Fund your account within 15 days and maintain that same required balance (listed above) for another 90 days. Once you've done this, cha-ching, you're eligible for a cash bonus.

Existing customers are also required to make their deposit within the first 15 days. You must maintain this balance for 30 days until your account has been reviewed and approved for a cash bonus.

CIT Bank Savings Builder Requirements

If you don't meet requirements for the CIT Bank Savings Builder bonus, we still recommend you open an account. Chances are, it will be tough trying to find a bank that offers better interest rates.

See current offer>>

So, in order to get the highest APY when opening your Savings Builder account, maintain a balance of at least $25,000 or make a monthly deposit of $100.

Depositing $100 every month is a smart option for any saver. However, the only downfall is that you won't be eligible for a cash bonus. You need to have at least $25,000 deposited to receive a $150 bonus, and $50,000 for a $300 bonus.

Bottom Line

The CIT Bank Savings Builder account is ideal for anyone looking to earn more with their savings.

Ditch the traditional savings account and enjoy one of the highest interest rates available. Plus, who wouldn't want a bonus offer of $150 or $300?

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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.

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