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CIT Bank

CIT Bank Promotions

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

0.45%

CIT Bank Money Market Account - 0.45% APY

  • 0.45% APY
  • $100 minimum opening deposit
  • No monthly maintenance fee
  • Minimum Deposit Required: $100
  • How to Get Highest APY: No requirements
0.40%

CIT Savings Builder - 0.40% APY

Earn up to 0.40% 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 Required: $100
  • How to Get Highest APY: Monthly deposit of at least $100 OR balance of at least $25,000
0.50%

CIT Bank Term CDs

  • Up to 0.50% APY
  • $1,000 minimum opening deposit
  • No monthly maintenance fee
TermCD Rates
6 Month0.30% APY
1 Year0.30% APY
13 Month0.30% APY
18 Month0.30% APY
2 Year0.40% APY
3 Year0.40% APY
4 Year0.50% APY
5 Year0.50% APY
  • Minimum Deposit Required: $1,000
0.50%

CIT Bank Savings Connect - 0.50% APY

  • Earn a competitive high yield savings rate with access and convenience features of an eChecking account.
  • Earn up to 0.50% APY on Savings Connect and 0.25% APY on eChecking.
  • Savings Connect is a tiered interest rate account dependent on the account holder opening a linked qualifying eChecking concurrently and makes periodic qualifying deposits.
    • Base Tier: (0.42% APY, 0.399% Interest Rate) A minimum qualifying deposit of $200 is not deposited each month into the linked eChecking or the eChecking account is closed.
    • Upper Tier: (0.50% APY, 0.499% Interest Rate) A qualifying deposit of $200 or more is deposited into the linked eChecking account each month.
    • APY assumes a qualifying deposit of $200 or more is made to the linked eChecking account each month.
  • Minimum of $100 for both the Savings Connect and eChecking to open ($200 total).
  • Direct Deposit Required: Yes
  • Minimum Deposit Required: $200
  • How to Get Highest APY: Monthly deposit of $200 or more into your eChecking account
0.30%

CIT Bank No Penalty CD

  • 0.30% 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
  • Minimum Deposit Required: $1,000
0.50%

CIT Bank Jumbo CDs

  • Up to 0.50% APY
  • $100,000 minimum opening deposit
  • No monthly maintenance fee
TermCD Rates
2 Year0.40% APY
3 Year0.40% APY
4 Year0.50% APY
5 Year0.50% APY
  • Minimum Deposit Required: $100,000
0.25%

CIT Bank eChecking

  • Earn 0.25% APY with $25,000 minimum balance
  • Earn 0.10% APY on balances under $25,000
  • Deposit of $100 minimum to open an account
  • Debit card
  • Monthly ATM fee reimbursement (up to $30 per statement cycle)
  • Minimum Deposit Required: $100
7x

CIT Bank Money Market Account

  • Earn over 7x 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
  • Minimum Deposit Required: $100

Earn 7x National Average

Save smart and earn 0.45% APY at CIT Bank, a CreditDonkey recommended partner.

  • Minimum Deposit Required: $100

Compare Promotions

Discover Bank
Member FDIC

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 or by phone. Enter Offer Code CY21 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 30 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/15/21, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

Expires 12/15/2021
Citibank

Citi Priority Account - Up to $1,500 Cash Bonus

Expires 1/4/2022
  • Earn up to $1,500 cash bonus when you open a new account with required activities
  • Open a new eligible checking account in the Citi Priority Account during the offer period 10/5/21-1/4/22
  • Within 20 days of opening, deposit $50,000 in New-To Citibank funds between the new checking and savings accounts
  • Maintain a minimum balance of $50,000 in the checking account for an additional 60 consecutive calendar days from the 21st day
  • After all required activities are met, the cash bonus will be deposited to your account within 90 calendar days
  • Minimum Deposit to Open: $50,000
HSBC
Member FDIC

HSBC Premier Checking - $450 Welcome Deposit

Expires 1/5/2022
  • Get a $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities.
  • Open your new HSBC Premier checking account online by January 5, 2022; and
  • Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.
  • You will automatically receive the $450 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It's that simple.
  • Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
  • Direct Deposit Required: Yes
  • Minimum Deposit Required: $5,000/Month for 3 Months
Aspiration

Aspiration Spend & Save - Earn $150 Bonus

Spend $1,000 Within First 60 Days and Receive $150

CIT Bank Offers You May Have Missed

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

$300

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.

Expired 4/11/2020
$200

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.

Expired 2/17/2020
$150

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.

Expired 12/31/2019

About CIT Bank Promotions

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 yield.

CIT offers interest checking, savings builder 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 LinkPromoReview
CIT Bank Money Market Account0.45% APYReview
CIT Savings Builder0.40% APYReview
CIT Bank No Penalty CD0.30% APYReview
CIT Bank Money Market Account0.45% APYReview

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 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. Instead, if you need help, you will have to contact CIT online or by phone.

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.

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.

How long do CIT Bank coupons last? Sometimes, CIT may offer limited-time promo 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:

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

Listen to CIT Bank Review

What Bank Account to Open at CIT Bank

CIT Bank
Member FDIC

CIT Savings Builder - 0.40% APY

Earn up to 0.40% APY. Here's how it works: Maintain a minimum balance of $25k OR make at least a $100 minimum deposit every month. Member FDIC

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 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.

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.

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:

Bank Promo LinkPromoReview
CIT Bank Money Market Account0.45% APYReview
CIT Savings Builder0.40% APYReview
CIT Bank No Penalty CD0.30% APYReview
CIT Bank Money Market Account0.45% APYReview
Discover Online Savings$200 BonusReview
Discover Online Savings$150 BonusReview
Discover Bank Online Savings Account0.40% APYReview
HSBC Premier Checking$450Review
Chase Total Checking®$225 BonusReview
Chase Business Complete Banking℠$300Review
Chase Secure Banking℠$100 BonusReview
TD Beyond Checking$300 CashReview
TD Convenience Checking℠$150 CashReview
Huntington 25 Checking®$500 BonusReview
Huntington 5 Checking®$200 BonusReview
Huntington Asterisk-Free Checking®$150 BonusReview
Huntington Business Checking 100$100 BonusReview
Huntington Unlimited Business Checking$400 BonusReview
Huntington Unlimited Plus Business Checking$750 BonusReview

    More Information

  • Pricing information and data points from published website as of 06/29/2021
  • 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
 Visit SiteLearn More
 

CIT Bank

Ally Bank

 

Benefits and Features

SavingsSavings Builder up to 0.40% APY with $25,000+ balance or $100 monthly deposit.
0.50% APY
CDTerm CDs up to 0.50% APY. $1,000 minimum opening deposit.0.15% to 0.80% APY. Terms of 3 months to 5 years. 12-month CD APY of 0.55%
CheckingeChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000
  • 0.10% APY under $15,000
  • 0.25% APY $15,000 or more
Money Market
0.45% APY
0.50% APY
Customer Service
  • Monday - Friday: 9:00 am - 9:00 pm (ET)
  • Saturday: 10:00 am - 6:00 pm (ET)
  • Sunday: Closed
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 Bank: Pricing information and data points from published website as of 06/29/2021

Ally Bank: Pricing information from published website as of 11/27/2021.

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

Citibank

Citi Priority Account - Up to $1,500 Cash Bonus

Expires 1/4/2022
  • Earn up to $1,500 cash bonus when you open a new account with required activities
  • Open a new eligible checking account in the Citi Priority Account during the offer period 10/5/21-1/4/22
  • Within 20 days of opening, deposit $50,000 in New-To Citibank funds between the new checking and savings accounts
  • Maintain a minimum balance of $50,000 in the checking account for an additional 60 consecutive calendar days from the 21st day
  • After all required activities are met, the cash bonus will be deposited to your account within 90 calendar days
  • Minimum Deposit to Open: $50,000
Discover Bank
Member FDIC

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 or by phone. Enter Offer Code CY21 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 30 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/15/21, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

Expires 12/15/2021
Chime

Free Mobile Checking

  • $0 opening deposit
  • No monthly service fee
  • No balance requirements
  • 60,000+ fee-free ATMs
  • Get direct deposit 2 days early
  • No foreign transaction fees
  • Minimum Deposit Required: $0
Chase
Member FDIC

Chase Total Checking® - $225 Bonus

Expires 1/19/2022
  • New Chase checking customers enjoy a $225 bonus when you open a new Chase Total Checking® account and set up direct deposit
  • Access to 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.
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
  • Overdraft Services - no fee if you're overdrawn by $50 or less at the end of the business day*
  • *We charge a $34 Insufficient Funds Fee per item during our nightly processing beginning with the first item that overdraws your account balance by more than $50 (maximum of 3 fees per business day, up to $102).
  • Minimum Deposit to Open: $0
  • Direct Deposit Required: Yes
  • Minimum Deposit Required: None
TD Bank
Member FDIC

TD Beyond Checking - $300 Cash Bonus

  • New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
  • 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, Rush Bill Payments and more.
  • Monthly maintenance fee waived when you receive monthly direct deposits of $5,000 or more, or maintain a minimum daily balance of $2,500, or a combined balance of $25,000 across eligible TD accounts.
  • TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
  • Overdraft Payback - 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 Zero Liability protection and 24/7 fraud monitoring.
  • Monthly maintenance fee waived on one TD Simple Checking℠ account and any Savings and Money Market 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 offers a high interest rate. But how reliable is this online bank? Read this review to find out if what you heard is true.

CIT Bank Savings Builder Review

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

CIT Bank CD Rates

CIT Bank is trustworthy. But does CIT have the best CD rates right now? Find out how CIT Bank's interest rate compares.

CIT Bank Money Market vs Savings Builder

CIT Bank offers both money market and savings accounts. But which is better to keep your money safe? Find out how to choose between the two.

CIT Bank Savings Connect vs Savings Builder

CIT Bank has even more ways to save now. Savings Connect and Savings Builder both offer competitive rates. Find out the bank account that is best for you.

What is CIT Bank

In the modern world, there are some things you just don't have to do anymore. Like drawing water from a well. Or paying fees just to keep your bank account open.

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?

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

Ally Bank

Ally Bank Promotions

Online Savings Account - 0.50% APY
Citibank
Member FDIC

Citibank Promotions

Citi Priority Account - Up to $1,500 Cash Bonus

Marcus

Marcus Online Savings - Earn 0.50% APY

Capital One 360 Promo Code

Personal Checking Account - $100 Bonus
Discover Bank
Member FDIC

Discover Bank

Discover Online Savings - $200 Cash Bonus
Chime

Chime

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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 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.

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