CIT Bank Promotions
Read our in-depth review of CIT Bank to see why CIT Bank scored 4.4 stars out of 5. We like their high savings apy, no monthly fees, and low opening deposits.
CIT Bank Savings Connect - 4.60% APY
- Earn 11x the national average
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
- Minimum Deposit to Open: $100
- Direct Deposit Required: No
- How to Get Highest APY: All balances get the high APY
CIT Bank Term CDs - Up to 5.00% APY
- Up to 5.00% APY
- $1,000 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
| Term | CD Rates |
|---|---|
| 6 Month | 5.00% APY |
| 1 Year | 0.30% APY |
| 13 Month | 4.65% APY |
| 18 Month | 4.60% APY |
| 2 Year | 0.40% APY |
| 3 Year | 0.40% APY |
| 4 Year | 0.50% APY |
| 5 Year | 0.50% APY |
- Minimum Deposit to Open: $1,000
CIT Bank No Penalty CD - 4.90% APY
- 4.90% APY
- Option to withdraw full balance and interest after 7 days of CD funding date
- $1,000 minimum to open an account
- 11 months
- No monthly maintenance fee
- Member FDIC
CIT Bank Money Market Account - 1.55% APY
- 1.55% APY
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
- Minimum Deposit to Open: $100
- How to Get Highest APY: No requirements
CIT Savings Builder - 1.00% APY
Earn up to 1.00% APY. Here's how it works: Maintain a minimum balance of $25k OR make at least a $100 minimum deposit every month. Member FDIC
- Minimum Deposit to Open: $100
- How to Get Highest APY: Monthly deposit of at least $100 OR balance of at least $25,000
CIT Bank Jumbo CDs
- Up to 0.50% APY
- $100,000 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
| Term | CD Rates |
|---|---|
| 2 Year | 0.40% APY |
| 3 Year | 0.40% APY |
| 4 Year | 0.50% APY |
| 5 Year | 0.50% APY |
- Minimum Deposit to Open: $100,000
CIT Bank Money Market Account
- Earn 3x the national average
- New customers can apply online with a minimum of $100 to open an account
- Fund the account with electronic transfer, mail in check, or wire transfer
- No monthly service fees
- Deposit checks remotely and make transfers with the CIT Bank mobile app
- Member FDIC
- Minimum Deposit to Open: $100
Earn 11x National Average
Save smart and earn 4.60% APY at CIT Bank, a CreditDonkey recommended partner.
- Minimum Deposit to Open: $100
Earn 3x National Average
Save smart and earn 1.55% APY at CIT Bank, a CreditDonkey recommended partner.
- Minimum Deposit to Open: $100
Compare Promotions
Discover Online Savings - $200 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY223 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 6/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
Money Market Deposit Account - 5.01% APY
- $1 minimum deposit
- No fees
- 24/7 online access to funds
- NCUA insured
- Minimum Deposit to Open: $1
Citi Priority Account - Earn up to $2,000 Cash Bonus
- Earn up to $2,000 cash bonus when you open a new eligible Citi Priority Checking Account with required activities
- Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
- Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
- If your balance falls to a lower tier at any point during the maintenance period, the bonus changes.
- Bonus will be paid within 30 days after you successfully complete all required activities.
GoHenry Kids' Debit Card
- Real-time spend notifications.
- Block and unblock cards easily.
- Teach financial independence safely.
All Ages - Banking and Invest in One App
- Flexible controls, spending notifications, in-app chore list
- Age: No minimum age
- Fees: Starts at $4.99/month, per family (up to 5 kids). $9.98/month for Greenlight Max. $14.98 per month for Greenlight Infinity.
CIT Bank Offers You May Have Missed
Don't miss another hot deal. Check back often at CreditDonkey.
CIT Bank Bonus Offer: $300 for New and Existing Customers
CIT Bank now offers up to $300 cash bonus for new and existing CIT Savings Builder customers. This limited time promotion expires May 30, 2020. Conditions apply.
CIT Bank Bonus Offer: $200 for New and Existing Customers
CIT Bank now offers up to $200 cash bonus for new and existing CIT Savings Builder customers. This limited time promotion expires April 16, 2020. Conditions apply.
Savings Builder - $150 or $300 Cash Bonus
Open a Savings Builder account with a minimum of $100 and enter promo code Bonus19. Fund your new account within 15 calendar days and meet one of the minimum balance requirements. Deposit $25,000 to $49,999 for $150 bonus or $50,000+ for $300 bonus. Maintain the balance for the desired bonus for 90 calendar days.
About CIT Bank Promotions
CIT Bank offers some of the highest interest rates on the market. It is an online bank that offers a variety of savings products. Because of CIT's merger with First Citizens Bank, you can also access products and services offered by First Citizens.
CIT offers interest checking, savings account, money market account, and CDs. There are no maintenance fees on any of the CIT bank accounts.
Best CIT Bank Promotion for June 2020
| Offer Link | Promo | Review |
|---|---|---|
| CIT Bank Platinum Savings | 4.85% APY | Review |
| CIT Bank Savings Connect | 4.60% APY | Review |
| CIT Bank Term CDs | Up to 5.00% APY | Review |
| CIT Bank No Penalty CD | 4.90% APY | Review |
| CIT Bank Money Market Account | 1.55% APY | Review |
| CIT Savings Builder | 1.00% APY | Review |
| CIT Bank Money Market Account | 1.55% APY | Review |
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 FDIC insured, which means that your deposits are insured up to $250,000 in case of bank failure. This is for a combined deposit held between First Citizens Bank and CIT Bank.
CIT Bank Location
CIT is a popular online bank based in Raleigh, North Carolina. Because of CIT's merger with First Citizens Bank, you can now enjoy greater banking convenience from any First Citizens Bank location.
Raleigh, North Carolina 27601
How to Get Best Promo and Deals at CIT Bank
- Wait for cash bonus offers. Occasionally, there is a CIT Bank promo code for a bonus when you open an 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.
Pros & Cons of Banking With CIT
PROS:
- High interest rates compared to 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 check writing from the checking account
- May experience wait times on the phone
What Bank Account to Open at CIT Bank
CIT Savings Builder - 1.00% APY
Earn up to 1.00% APY. Here's how it works: Maintain a minimum balance of $25k OR make at least a $100 minimum deposit every month. Member FDIC
- 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 MMA 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 $30 per month.
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.
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)
- $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
What Experts Say
CreditDonkey assembled a panel of industry experts to answer readers' most pressing questions. Here's what they said:
What Banks Have Promotions
CIT Bank promo has some of the best APY for savings, money market, and CD accounts. Here are the top banks offering promotions:
Highlights
Platinum Savings: 4.85% APY with a balance of $5,000 or more
Savings Connect: 4.60% APY
Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit
Term CDs up to 5.00% APY. $1,000 minimum opening deposit.
eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000
1.55% APY
Mon - Fri: 9 am - 9 pm ET
Sat: 10 am - 6 pm ET
Sunday: Closed
iOS & Android
No ATM fees from CIT Bank. Up to $30 in other banks' ATM fees reimbursed per month (for eChecking Account)
Online Only
- Pricing information and data points from published website as of 05/09/2023.
- 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.
More Information
| ||
 |  | |
CIT Bank | Ally Bank | |
|---|---|---|
Benefits and Features | ||
| Savings | Platinum Savings: 4.85% APY with a balance of $5,000 or more Savings Connect: 4.60% APY Savings Builder up to 1.00% APY with $25,000+ balance or $100 monthly deposit | |
| CD | Term CDs up to 5.00% APY. $1,000 minimum opening deposit. | 2.50% to 4.80% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.50% |
| Checking | eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000 | 0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000 |
| Money Market | ||
| Customer Service | Mon - Fri: 9 am - 9 pm ET Sat: 10 am - 6 pm ET Sunday: Closed | |
| Mobile App | ||
| ATMs | No ATM fees from CIT Bank. Up to $30 in other banks' ATM fees reimbursed per month (for eChecking Account) | Over 43,000 no-fee Allpoint ATMs |
| Locations | ||
| | |
CIT Bank: Pricing information and data points from published website as of 05/09/2023. Ally Bank: Pricing information from published website as of 5/24/2023. | ||
Mobile Banking App
- Take a picture of your check and deposit it to your eChecking, Savings or Money Market accounts.
- Move funds between your CIT Bank accounts.
- Make transfers to and from your CIT Bank accounts and accounts at other institutions.
- Check account balances and transaction history.
- View and download statements.
CIT Bank Alternatives
Citi Priority Account - Earn up to $2,000 Cash Bonus
Earn up to $2,000 cash bonus when you open a new eligible Citi Priority Checking Account with required activities. Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds. Maintain a minimum balance for 60 consecutive calendar days from the 21st day. If your balance falls to a lower tier at any point during the maintenance period, the bonus changes. Bonus will be paid within 30 days after you successfully complete all required activities.
| Balance Levels | Maximum Bonus |
|---|---|
| $10,000 - $29,999 | $200 |
| $30,000 - $74,999 | $500 |
| $75,000 - $199,999 | $1,000 |
| $200,000 - $299,999 | $1,500 |
| $300,000 and above | $2,000 |
Discover Online Savings - $150 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY223 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 6/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
Chase Total Checking® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
- Access to more than 16,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fee if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
*With Chase Overdraft Assist℠, we won't charge an Overdraft Fee if you're overdrawn by $50 or less at the end of the business day OR if you're overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.
- Minimum Deposit to Open: $0
- Direct Deposit Required: Yes
- Minimum Deposit Required: None
Business Checking - Up to 2.0% APY
- 2.0% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
- $0 minimum opening deposit
- $0 monthly service fee
- Minimum Deposit to Open: $0
TD Beyond Checking - $300 Cash Bonus
- Earn $300 when you receive direct deposits totaling $2,500 or more within 60 days
- Get more from your checking account. With TD Beyond Checking with Payback Plus, you'll earn interest and get reimbursed for non-TD ATM transactions, Overdraft Payback and more.
- Monthly maintenance fee waived when you receive monthly direct deposits of $5,000 or more within a statement cycle, or maintain a minimum daily balance of $2,500, or a combined balance of $25,000 across eligible TD accounts.
- TD ATM fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
- Get overdraft fees automatically reversed up to two times a year.
- Get your money where it needs to go —fast— with Rush Bill Payments, Send Money with Zelle®, incoming wires and a reimbursement for one outgoing wire (domestic or international) per statement cycle.
- TD checking accounts come with an instant-issue debit card - and, you can pay with confidence with contactless technology Visa Zero Liability protection and 24/7 fraud monitoring.
- Monthly maintenance fee waived on one TD Simple Checking℠ account and any Savings accounts. Plus, get free standard check orders, money orders, official bank checks and stop payments.
- Direct Deposit Required: Yes
- Minimum Deposit Required: $2,500 within 60 days
Articles on CIT Bank
CIT Bank Review
CIT Bank CD Rates
Who is CIT Bank
CIT Bank Platinum Savings vs Savings Connect
CIT Bank Savings Connect vs Savings Builder
CIT Bank Complaints
CIT Bank Locations
CIT Platinum Savings Review
CIT Bank No Penalty CD Review
CIT Bank High Yield Savings Review
CIT Bank Money Market vs Savings Builder
What is CIT Bank
CIT Bank Login
CIT Bank Savings Builder Review
CIT Bank Routing Number
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