Available nationwide, CIT Bank is offering 3.75% APY on balances of $5,000 or more when opening a CIT Bank Platinum Savings account with a $100 deposit.
Update 1/29/26: The rate has decreased to 3.75% APY from 3.85%. CIT Bank is offering a competitive rate with the Platinum Savings account – which also is a great hub account for push/pull transfers.
- Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. *APYs — Annual Percentage Yields are accurate as of January 9, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
- Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of January 20, 2026.
- For complete list of account details and fees, see our Personal Account disclosures.
About CIT Bank Platinum Savings
CIT Bank, a division of First Citizens Bank, is a top-10 online bank built on the heritage of First Citizen Bank’s experience.
With no maintenance or ATM fees and numerous conveniences, CIT Bank’s Platinum Savings account is an excellent banking solution for many depositors.
CIT Bank’s Platinum Savings has one of the highest interest rates with human phone and email support during business hours.
Whether you’re establishing a savings habit or looking for a high-yielding savings, CIT Bank’s Platinum Savings account is a powerful tool to boost your savings.
Open an account with a great rate and easy, 24/7 online access.
| Balance Requirement | APY Rate |
| $5,000+ | 3.75% |
| Less than $5,000 | 0.25% |
CIT Bank Platinum Savings Rate
- Interest Rate: 3.75% APY
- Account Type: CIT Bank Platinum Savings
- Availability: Nationwide (Online)
- Minimum Balance: None
- Maximum Balance: None
- Credit Inquiry: Soft pull
- Opening Deposit: $100
- Monthly Fee: There are no monthly fees
- Early Account Termination Fee: None
(FDIC-Insured)
CIT Bank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | 1 day | $250K | $7.5M | None |
| Pull | 1 day | $500K | $15M | None |
How to Earn CIT Bank Rate
- Open a CIT Bank Platinum Savings Account.
- Enter your info. Securely provide your address, phone number, email and Social Security number (or other taxpayer ID).
- Fund your account. Open an account with a minimum of $100. You can transfer funds with an electronic transfer, mail-in check or wire.
- And you’re done. That’s all there is to it. We’ll send an email confirming you have successfully opened your account.
- Earn 3.75% APY on n balances of $5,000 or more.
Why You Should Sign Up For This Account
- Competitive rates
- Secure. Your CIT Bank account is FDIC insured, which means it’s secure.
- Digital convenience. CIT Bank’s mobile app makes it easy to manage your account.
- No monthly service fees. No account opening or monthly services fees, so you can keep what you earn.
Bottom Line
Check out CIT Bank and open a Platinum Savings account to earn a competitive rate!
This is one of the favorite savings accounts to use as a Hub account to transfer my money. You can transfer $250K out per day or pull $500K per day from another bank. Best of all, it takes only a day to see your money!
The fact that you can earn a high rate on any balance makes this Savings Account all worthwhile.
Interested in Bank Bonuses? See promotions from our favorite banks: U.S. Bank, Citi, Huntington, Chase, TD, Discover Bank, Axos Bank, BMO, SoFi, and more!
For more bank offers, see the complete list of Best Bank Rates! For more, see our list of the latest CIT Bank promotions.
How does CIT Bank have a 250k ach limi while other banks like Bread Financial has a 5k daily limit? Can you anyone explain that to me?