CIT Bank Promotions: $100/$200 Bonus + 1.80% Savings Builder, 1.85% Money Market, 1.85% APY CD Term for January 2020

New CIT Bank Customers: Offer valid on new Savings Builder accounts opened between January 16, 2020 and April 16, 2020 by consumers who, at account opening, did not have a valid CIT Bank User ID that was created prior to January 16, 2020 (a “New Customer”), provided that the following requirements are met:

• The Savings Builder account must be opened with Promo Code Bonus20 by New Customer. The Promo Code will appear on the enrollment web page for the Savings Builder Account Bonus Promotion.
• The account must be funded with a minimum of: $25,000 for a $100 bonus or $50,000 for a $200 bonus within 15 calendar days from the account opening date (the “Funding Period”).
• All funds used to qualify for bonus eligibility must be new funds. Funds on deposit with CIT Bank, N.A. are ineligible.
• Customer must maintain the required minimum balance for 90 calendar days (the “Review Period”) after the end of the Funding Period.
• Joint Accounts: Enrollment in the promotion will be attributed to the primary account owner. Any additional Savings Builder accounts opened by the primary account owner will not be eligible for the promotion.

Existing CIT Bank Customers: Offer valid for Savings Builder accounts owned or opened by customers with a valid CIT Bank User ID that was created prior to January 16, 2020 (an “Existing Customer”), which Savings Builder accounts are enrolled in the promotion between January 16, 2020 and April 16, 2020. Customers enrolled in a Savings Builder bonus promotion prior to January 1, 2020 are not eligible for this promotion.

Existing Customers with open Savings Builder Accounts must enroll their Savings Builder account into the promotion via the enrollment web page for the Savings Builder Account Bonus Promotion and deposit additional qualifying funds to the enrolled Savings Builder Account and meet the offer requirements set forth below.

Existing Customers without open Savings Builder accounts must open a new Savings Builder account with a valid Promo Code (which appears on the enrollment web page for the Savings Builder Account Bonus Promotion) and deposit qualifying funds to the new account and meet the offer requirements set forth below.

Qualifying funds with a minimum of $25,000 for a $100 bonus or $50,000 for a $200 bonus must be deposited to the Savings Builder account within 15 calendar days from the existing account enrollment date or the new account opening date as applicable (the “Funding Period”).

All funds deposited to qualify for bonus eligibility must be new funds. Funds already on deposit with CIT Bank, N.A. are ineligible.

Customer must maintain the required minimum balance for 30 calendar days (the “Review Period”) after the end of the Funding Period.

Required Minimum Balance:

For Existing Customers enrolling a new account who did not have an open Savings Builder account on January 15, 2020, the amount of the required minimum balance that must be maintained is either $25,000 for a $100 bonus or $50,000 for a $200 bonus.

For Existing Customers (whether enrolling an existing account or a new account) who had an open Savings Builder account on January 15, 2020, to determine whether the required minimum balance is maintained during the Review Period, the end of day balances as of January 15, 2020 in all of a customer’s individual Savings Builder accounts, and any joint Savings Builder accounts in which the customer has ownership, if not already enrolled by another joint owner, will be added together. This includes any Savings Builder account that was open on January 15, 2020 but is closed prior to enrollment. This combined amount will be referred to as the “Starting Balance.” The $25,000 or $50,000 minimum deposit required to earn the desired bonus amount is added to the Starting Balance to determine the minimum combined balance for all the customer’s Savings Builder accounts that must be maintained through the Review Period.

Joint Accounts: The balance in any joint Saving Builder account that was open on January 15, 2020 will be included in the Starting Balance applicable to the first joint account owner to enroll in the promotion. The Starting Balance also include all of that owner’s other Savings Builder Accounts, which cannot thereafter be separately enrolled in the promotion. The joint account holder who did not enroll the account can separately enroll any existing or new Savings Builder account owned by that non-enrolling account holder. The non-enrolling account holder’s Starting Balance will not include the joint account that was enrolled by the other account holder.

• Maintain at least a $25,000 balance OR make at least a $100 each month to earn the highest rate.
• The higher interest rate can be earned by completing one of following requirements:
  1. Monthly Savers:
     • Make at least one single deposit of $100 or more during the first Evaluation Period which begins on the third business day prior to the end of the month the account was opened.
     • Additional deposits made between the account opening date and the beginning of the first Evaluation Period will not qualify.
     • In order to continue to earn the higher rate, make at least one single deposit of $100 every month.
  2. High Balance Savers:
     • Have an account balance of $25,000 or more on each Evaluation Day. The Evaluation day is the fourth business day prior to the end of the month.

*APY assumes the account is opened on the 15th day of the month and no qualifying deposits of $100 are made following account opening. Actual APY may be greater or less depending on the date the account is opened.

**APY assumes additional qualifying deposits are made each Evaluation Period.

• Make the most of your money. Online savings banks offer much higher rates than everyday banks. Open an account with $25,000 or more and earn a top tier, competitive APY on your money—one of the top savings rates in the nation.
• Build a habit of savings. If you don’t have $25,000 in your account, you can still earn the higher APY Tier by making a monthly $100 or more deposit. Pay yourself first. Start with $100 per month and build your habit of savings-—all while getting a top rate.
• Emergencies and unexpected events. Whether it’s for a job loss, pet expense, car or home repair, or medical issue, it’s most often the #1 reason people save.
• New or next home. Grow your savings faster than at your everyday bank for your first—or next dream home.

• On each Evaluation Day the interest rate applicable for the next Evaluation Period will be determined.
• Accounts with an end-of-day balance of at least $25,000 on the Evaluation Day or with at least one deposit of $100 or more that posts to the account during the Evaluation Period will earn the Upper Tier interest rate during the next Evaluation Period.
• Accounts with an end-of-day balance less than $25,000 on an Evaluation Day without a deposit of $100 or more that posts to the account during the Evaluation Period will earn the Base Tier interest rate for the next Evaluation Period.
• This process will occur every month.
• The First Evaluation Period for this account begins on June 26, 2019 and ends on the First Evaluation Day, Friday, July 26, 2019.
• With a balance less than $25,000, in order to continue earning the Upper Tier interest rate during the next Evaluation Period, the customer must make at least one deposit of $100 or more during the First Evaluation Period, June 26 through July 26, 2019.

• Open a CIT Bank Money Market account online with $100 opening deposit
• Input your info – Provide your name, address, phone, email and social security number or Tax ID.
• Fund the account – Fund your account with $100 minimum initial deposit

• Type of an account eligible for People Pay – You will need the have a Money Market account to use the People Pay service
• Set up recurring payments – You may schedule payments for specific amounts and frequencies, including: weekly, biweekly, monthly, bimonthly, quarterly, semi-annually or annually
• People Pay Usage outside of U.S – You may pay bills from outside the U.S. if you are using a compatible browser. Payments may only be made in U.S. currency to payees within the United States
• For a joint membership in People Pay – Both account holders must be signers on a Money Market account. Each account holder needs a unique username and password to access People Pay. People Pay activity for both account holders can be viewed under Account Services in Online Banking
• People Pay work through Pay Pal – You must enroll in the Pay Pal service. There may be a fee charged by Pay Pal for their People Pay service. The CIT Bank People Pay service is offered free of charge
• Non-sufficient or unavailable funds – If you accidentally schedule a payment and have unavailable funds,
  your account will be charged a non-sufficient or unavailable funds fee of $30. Additional scheduled payments will be suspended until the matter is resolved with People Pay. For more information, please call the Contact Center at 855-462-2652
• Customer Support – For People Pay inquiries, please call the Contact Center at 855-462-2652 or send them a Secure Message via Online Banking

• Money Market Annual Percentage Yield (APY) is accurate as of May 10, 2019.
• Interest Rates for the Money Market Account are variable and may change at any time without prior notice.
• Fees will reduce earnings.

You will need the standard information, including your SSN, drivers license, the account information of the bank you wish to link to your CIT account, and similar information.The minimum deposit for CDs is $1,000 for the no penalty CD.

1. Select the No-Penalty CD on CIT Bank’s website.
2. Complete your application.
3. Review and accept the terms and conditions.
4. Set up a few security questions.
5. Fund the new account (You can transfer money into CIT through an ACH transfer)

• No penalty to access funds if needed before maturity
• No opening or maintenance fees
• Daily compounding interest to maximize your earning potential
• FDIC insured

• APY — Annual Percentage Yield is accurate as of December 31, 2019.
• You may withdraw the total balance and interest earned, without penalty beginning seven days after the funds have been received for your CD. No withdrawals are permitted during the first six days following the receipt of funds.

You will need the standard information, including your SSN, drivers license, the account information of the bank you wish to link to your CIT account, and similar information. The minimum deposit for CDs is $1,000 for the no penalty CD.

1. Select the CD term on CIT Bank’s website of your choice.
2. Complete your application.
3. Review and accept the terms and conditions.
4. Set up a few security questions.
5. Fund the new account (You can transfer money into CIT through an ACH transfer)

• No penalty to access funds if needed before maturity
• There is no opening or maintenance fees
• Daily compounding interest to maximize your earning potential
• FDIC insured

• APY — Annual Percentage Yield is accurate as of November 8, 2019.
• You may withdraw the total balance and interest earned, without penalty beginning seven days after the funds have been received for your CD.
• No withdrawals are permitted during the first six days following the receipt of funds.