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.
- 0.55% APY
- $100 minimum opening deposit
- No monthly maintenance fee
- FDIC insured
- Up to 0.50% APY
- $1,000 minimum opening deposit
- No monthly maintenance fee
- FDIC insured
0.55%
CIT Bank Money Market Account - 0.55% APY
0.50%
CIT Savings Builder - Earn 0.50% APY
Earn up to 0.50% APY. Here's how it works: Maintain a minimum balance of $25k OR make at least a $100 minimum deposit every month. Member FDIC
0.50%
CIT Bank Term CDs
| Term | CD Rates |
|---|---|
| 6 Month | 0.30% APY |
| 1 Year | 0.30% APY |
| 13 Month | 0.35% 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 |
- 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
- Up to 0.50% APY
- $100,000 minimum opening deposit
- No monthly maintenance fee
- FDIC insured
- 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
0.30%
CIT Bank No Penalty CD
0.50%
CIT Bank Jumbo CDs
| Term | CD Rates |
|---|---|
| 2 Year | 0.40% APY |
| 3 Year | 0.40% APY |
| 4 Year | 0.50% APY |
| 5 Year | 0.50% APY |
CIT Bank eChecking
Compare Promotions
- Get up to $240 with a 3% Cash Bonus Checking Offer when you open a new HSBC Advance checking account and complete the following qualifying activities.
- Open your new HSBC Advance checking account online by January 7, 2021; and
- Set up Qualifying Direct Deposits into your new HSBC Advance checking account; and then
- Enjoy 3% Cash Bonus, up to $240, on Qualifying Direct Deposits up to $40 per month, during the first 6 calendar months after account opening
- You will automatically receive the 3% Cash Bonus 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.
- No fees
- No minimum opening deposit
- No minimum balance required
HSBC Advance Checking - Up to $240 Cash Bonus
Online Savings Account - Earn 0.60% APY
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.
$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.
$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.
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 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 October 2020
| Offer Link | Promo | Review |
|---|---|---|
| CIT Bank Money Market Account | 0.55% APY | Review |
| CIT Savings Builder | 0.50% APY | Review |
| CIT Bank No Penalty CD | 0.30% APY | Review |
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
What Bank Account to Open at CIT Bank
CIT Savings Builder - Earn 0.50% APY
Earn up to 0.50% 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
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.
What Experts Say
CreditDonkey assembled a panel of industry experts to answer readers' most pressing questions:
- Why are modern banks still investing in brick-and-mortar branches?
- Are online banks safe?
- How can people make online banking more secure?
- What is a good personal savings rate?
- Are online banks FDIC-insured?
Here's what they said:
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
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
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.
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 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 | 0.55% APY | Review |
| CIT Savings Builder | 0.50% APY | Review |
| CIT Bank No Penalty CD | 0.30% APY | Review |
| Discover Bank Online Savings Account | 0.60% APY | Review |
| HSBC Advance Checking | Up to $240 | Review |
| HSBC Advance Checking | $200 | Review |
| HSBC Premier Checking | Up to $600 | Review |
| HSBC Premier Checking | $450 | Review |
| Chase Total Checking® | $200 Bonus | Review |
| new eligible Chase business checking account | $300 | Review |
| Chase Savings℠ | $150 | Review |
| Chase Private Client | $2,000 | Review |
| TD Beyond Checking | $300 Cash | Review |
| TD Convenience Checking℠ | $150 Cash | Review |
About CIT Bank Promos
CIT Bank is an online bank with some of the highest interest rates on the market. It offers an e-checking account and high yield savings products. All accounts have no monthly service fees.
Typically, CIT Bank promo codes are not needed for the year-round savings and CDs offers. In cases of special limited-time promos, we will provide CIT Bank coupons.
Highlights
Savings
Savings Builder up to 0.50% APY with $25,000+ balance or $100 monthly deposit.
Savings Builder up to 0.50% 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.
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
eChecking: 0.25% APY with $25,000+ balance and 0.10% APY on balances under $25,000
Compare: CIT Bank vs Ally Bank
Money Market
0.55% APY
0.55% APY
Customer Service
Monday - Friday: 9:00 am - 9:00 pm (ET)
Saturday: 10:00 am - 6:00 pm (ET)
Sunday: Closed
Monday - Friday: 9:00 am - 9:00 pm (ET)
Saturday: 10:00 am - 6:00 pm (ET)
Sunday: Closed
Locations
Online Only
Online Only
Compare: CIT Bank vs TD Bank
- Pricing information from published website as of 06/03/2020
- 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.
More Information
|  | |
 |  | |
CIT Bank | Ally Bank | |
|---|---|---|
Benefits and Features | ||
| Savings | Savings Builder up to 0.50% APY with $25,000+ balance or $100 monthly deposit. | |
| CD | Term CDs up to 0.50% APY. $1,000 minimum opening deposit. | 0.20% to 1.00% APY. Terms of 3 months to 5 years. 12-month CD APY of 0.65% |
| 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 | ||
| Customer Service | Monday - Friday: 9:00 am - 9:00 pm (ET) Saturday: 10:00 am - 6:00 pm (ET) Sunday: Closed | |
| ATMs | Over 43,000 no-fee Allpoint ATMs | |
| Locations | ||
| | |
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 from published website as of 06/03/2020 Ally Bank: Pricing information from published website as of 10/29/2020. | ||
CIT Bank Alternatives
- No fees
- No minimum opening deposit
- No minimum balance required
- Get up to $240 with a 3% Cash Bonus Checking Offer when you open a new HSBC Advance checking account and complete the following qualifying activities.
- Open your new HSBC Advance checking account online by January 7, 2021; and
- Set up Qualifying Direct Deposits into your new HSBC Advance checking account; and then
- Enjoy 3% Cash Bonus, up to $240, on Qualifying Direct Deposits up to $40 per month, during the first 6 calendar months after account opening
- You will automatically receive the 3% Cash Bonus 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.
- 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.
Online Savings Account - Earn 0.60% APY
HSBC Advance Checking - Up to $240 Cash Bonus
TD Beyond Checking - $300 Cash Bonus
Articles on CIT Bank
CIT Bank Savings Review
CIT Bank offers a high interest rate. But is it safe? Read this review to find out if what you heard is true.
Cit Savings Builder
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.
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