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.

CIT Bank Money Market Account

Get Deal

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
FDIC insured

Minimum Deposit Required: $100

0.50%

CIT Bank Money Market Account - 0.50% APY

Get Deal

0.50% APY
$100 minimum opening deposit
No monthly maintenance fee
FDIC insured

Minimum Deposit Required: $100

0.45%

CIT Savings Builder - Earn 0.45% APY

Learn More

Earn up to 0.45% 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

0.50%

CIT Bank Term CDs

Get Deal

Up to 0.50% APY
$1,000 minimum opening deposit
No monthly maintenance fee
FDIC insured

Term	CD Rates
6 Month	0.30% APY
1 Year	0.30% APY
13 Month	0.30% APY
18 Month	0.30% APY
2 Year	0.40% APY
3 Year	0.40% APY
4 Year	0.50% APY
5 Year	0.50% APY

Minimum Deposit Required: $1,000

0.30%

CIT Bank No Penalty CD

Get Deal

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
FDIC insured

Minimum Deposit Required: $1,000

0.50%

CIT Bank Jumbo CDs

Get High Yield Jumbo CD

Up to 0.50% APY
$100,000 minimum opening deposit
No monthly maintenance fee
FDIC insured

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 Required: $100,000

0.25%

CIT Bank eChecking

Learn More

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 $15 per statement cycle)
FDIC insured

Minimum Deposit Required: $100

Compare Promotions

Member FDIC

HSBC Advance Checking - $200 Welcome Deposit

Get $200 Welcome Deposit

Expires 3/31/2021

Get a $200 Welcome Deposit for eligible new customers who open a new HSBC Advance checking account and complete the following qualifying activities.
Open your new HSBC Advance checking account online by March 31, 2021; and
Make recurring monthly Qualifying Direct Deposits totaling at least $500 from a third party to your HSBC Advance checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening
You will automatically receive the $200 Welcome Deposit in your new HSBC Advance 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: $500/Month for 3 Months

Member FDIC

Online Savings Account - Earn 0.50% APY

Get Deal

No fees
No minimum opening deposit
No minimum balance required

Minimum Deposit Required: $0

Member FDIC

High Yield Savings - 0.61% APY

Get Deal

0.61% APY on all balance tiers
No minimum balance requirements
No fees to open or maintain account
Free ATM card upon request
FDIC Insured

Minimum Deposit Required: $250

High Yield Savings Account - Earn up to $125 Bonus

Learn More

Earn $25 on your first $5,000 deposit and an additional bonus of $5 for each subsequent $5,000 that you deposit up to $125.

Minimum Deposit Required: $5,000 to earn $25

Member FDIC

Money Market Account

Get Deal

Earn 0.35% APY for balances under $100,000
Earn 0.40% APY for balances $100,000 and over

Minimum Deposit Required: $2,500

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.

Go to CIT Bank Website

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.

Go to CIT Bank Website

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.

Go to CIT Bank Website

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 January 2021

Offer Link	Promo	Review
CIT Bank Money Market Account	0.50% APY	Review
CIT Bank Money Market Account	0.50% APY	Review
CIT Savings Builder	0.45% APY	Review
CIT Bank No Penalty CD	0.30% 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 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

Member FDIC

CIT Savings Builder - Earn 0.45% APY

Click Here to Learn More

Earn up to 0.45% 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.

Related: Best Online Savings Account

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 Link	Promo	Review
CIT Bank Money Market Account	0.50% APY	Review
CIT Bank Money Market Account	0.50% APY	Review
CIT Savings Builder	0.45% APY	Review
CIT Bank No Penalty CD	0.30% APY	Review
Discover Bank Online Savings Account	0.50% APY	Review
HSBC Advance Checking	$200	Review
HSBC Advance Checking	Up to $240	Review
HSBC Premier Checking	$450	Review
HSBC Premier Checking	Up to $600	Review
Chase Total Checking®	$200 Bonus	Review
Introducing Chase Business Complete Banking℠	$300	Review
TD Beyond Checking	$300 Cash	Review
TD Convenience Checking℠	$150 Cash	Review

In-Depth Review

Highlights

Savings
Savings Builder up to 0.45% APY with $25,000+ balance or $100 monthly deposit.

Compare: CIT Bank vs Discover Bank

CD
Term CDs up to 0.50% 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
0.50% APY

Customer Service
Monday - Friday: 9:00 am - 9:00 pm (ET)
Saturday: 10:00 am - 6:00 pm (ET)
Sunday: Closed

Locations
Online Only

Compare: CIT Bank vs Chase

More Information

Pricing information and data points from published website as of 12/20/2020
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	Ally Bank


	Benefits and Features
Savings	Savings Builder up to 0.45% APY with $25,000+ balance or $100 monthly deposit.	0.50% APY
CD	Term CDs up to 0.50% APY. $1,000 minimum opening deposit.	0.20% to 0.85% APY. Terms of 3 months to 5 years. 12-month CD APY of 0.60%
Checking	eChecking: 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	0.50% 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

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 12/20/2020 Ally Bank: Pricing information from published website as of 1/16/2021.

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.

Learn More

CIT Bank Alternatives

Member FDIC

Online Savings Account - Earn 0.50% APY

Get Deal

No fees
No minimum opening deposit
No minimum balance required

Minimum Deposit Required: $0

Member FDIC

Chase Total Checking® - $200 Bonus

Get $200 Coupon

Expires 4/14/2021

Enjoy a $200 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.

Direct Deposit Required: Yes
Minimum Deposit Required: None

Member FDIC

HSBC Advance Checking - $200 Welcome Deposit

Get $200 Welcome Deposit

Expires 3/31/2021

Get a $200 Welcome Deposit for eligible new customers who open a new HSBC Advance checking account and complete the following qualifying activities.
Open your new HSBC Advance checking account online by March 31, 2021; and
Make recurring monthly Qualifying Direct Deposits totaling at least $500 from a third party to your HSBC Advance checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening
You will automatically receive the $200 Welcome Deposit in your new HSBC Advance 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: $500/Month for 3 Months

Member FDIC

TD Beyond Checking - $300 Cash Bonus

Get Deal

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 CheckingSM 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

Free Checking

Get Started

No monthly service charge
Free online & mobile banking
Member FDIC

Articles on CIT Bank

CIT Bank Review

CIT Bank offers a high interest rate. But is CIT reliable and safe? 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 has competitive interest rates on online savings accounts. But how do their CD rates compare? Find out below.

How to Open CIT Bank Application

Opening an account with CIT Bank is simple. Take a look at what you'll need and check out your account options in our guide.

Is CIT Bank Online Only

CIT Bank offers high interest rates and no monthly fees. But is this online bank legit? Find out the details here.

Is CIT Bank a Real Bank

CIT Bank offers online checking and savings with high interest rates and low fees. But is it safe? Find out before you sign up.

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.