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
- FDIC insured
- Minimum Deposit Required: $100
- How to Get Highest APY: No requirements
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
0.50%
CIT Bank Term CDs
- 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
0.40%
CIT Savings Builder - Earn 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
0.30%
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
- FDIC insured
- 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
- 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
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
- FDIC insured
- Minimum Deposit Required: $100
Earn 7.5x National Average
Save smart and earn 0.45% APY at CIT Bank, a CreditDonkey recommended partner.
- Minimum Deposit Required: $100
Compare Promotions
HSBC Premier Checking - $450 Welcome Deposit
- 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 August 31, 2021; 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
Online Savings Account - Earn 0.40% APY
- No fees
- No minimum opening deposit
- No minimum balance required
- Minimum Deposit Required: $0
High Yield Savings
- 0.61% APY on balance < $25,000
- 0.25% APY on balance $25K-$100K
- 0.15% APY on balance > $100K
- No minimum balance requirements
- No fees to open or maintain account
- Free ATM card upon request
- FDIC Insured
- Minimum Deposit Required: $250
Money Market Account
- Earn 0.30% APY for balances under $100,000
- Earn 0.35% 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.
$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 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 Link | Promo | Review |
|---|---|---|
| CIT Bank Money Market Account | 0.45% APY | Review |
| CIT Savings Builder | 0.40% APY | Review |
| CIT Bank No Penalty CD | 0.30% APY | Review |
| CIT Bank Money Market Account | 0.45% 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
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.
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 Savings Builder - Earn 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.
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 | 0.45% APY | Review |
| CIT Savings Builder | 0.40% APY | Review |
| CIT Bank No Penalty CD | 0.30% APY | Review |
| CIT Bank Money Market Account | 0.45% APY | Review |
| Discover Bank Online Savings Account | 0.40% APY | Review |
| HSBC Premier Checking | $450 | Review |
| HSBC Premier Checking | Up to $600 | Review |
| Chase Total Checking® | $225 Bonus | Review |
| Chase Business Complete Banking℠ | $300 | Review |
| TD Beyond Checking | $300 Cash | Review |
| TD Convenience Checking℠ | $150 Cash | Review |
| Huntington 25 Checking® | $500 Bonus | Review |
| Huntington 5 Checking® | $200 Bonus | Review |
| Huntington Asterisk-Free Checking® | $150 Bonus | Review |
Highlights
Savings
Savings Builder up to 0.40% APY with $25,000+ balance or $100 monthly deposit.
Savings Builder up to 0.40% APY with $25,000+ balance or $100 monthly deposit.
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 Discover Bank
Money Market
0.45% APY
0.45% 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 Chase
- 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.
More Information
|  | |
 |  | |
CIT Bank | Ally Bank | |
|---|---|---|
Benefits and Features | ||
| Savings | Savings Builder up to 0.40% APY with $25,000+ balance or $100 monthly deposit. | |
| CD | Term 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% |
| 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 and data points from published website as of 06/29/2021 Ally Bank: Pricing information from published website as of 7/23/2021. | ||
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
Online Savings Account - Earn 0.40% APY
- No fees
- No minimum opening deposit
- No minimum balance required
- Minimum Deposit Required: $0
Chase Total Checking® - $225 Bonus
- New Chase 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.
- Minimum Deposit to Open: $0
- Direct Deposit Required: Yes
- Minimum Deposit Required: None
HSBC Premier Checking - $450 Welcome Deposit
- 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 August 31, 2021; 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
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 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
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
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Online Savings Account - 0.50% APY
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Citi Priority Account - Up to $1,500 Cash Bonus
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