Find the most updated CIT Bank promotions, bonuses, rates, and offers for June 2022 here.
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About CIT Bank Promotions Review
For more than 100 years, CIT Group Inc., a Fortune 500 company, has helped drive innovation as a leader in middle-market lending, and financing the retail, energy, healthcare, transportation and technology sectors.
CIT Bank is also perfect if you are looking for high interest rates to build up your savings account! If you want to check up on the internet’s most complete list of Bank Account Rates.
Currently, CIT Bank is offering Savings Accounts, Money Market Accounts, and CDs with various rates but we recommend you compare their rates with our full list of CD Rates.
Next, I’ll review current CIT Bank offers below.
| PROMOTIONAL LINK | OFFER | REVIEW |
| CIT Bank Savings Connect | Up to 1.20% APY | Review |
| CIT Bank Money Market | 0.85% APY + Amazon Prime Offer | Review |
| CIT Bank Savings Builder | 0.65% APY | Review |
| CIT Bank No Penalty CD | 1.25% APY | Review |
| CIT Bank CDs | Up to 0.50% APY CD | Review |
CIT Bank Money Market Amazon Prime Membership Offer + 0.85% APY
Earn 0.85% APY when you open a CIT Bank Money Market Account. With this account, you can earn a higher rate than at traditional banks and access your money easily.
This limited time offer of a one-year Amazon Prime membership is available to Customers who open a new CIT Bank Money Market account.
Customers will receive a one-year Amazon Prime membership1 provided that the following three requirements are met:
- Open a new CIT Bank Money Market account and enter the promotion code “AMZN22” at the time of account opening.
- Deposit at least $15,000 to the account within the first 15 calendar days following account opening (the “Funding Period”). The $15,000 used to fund the account must come from a funding source outside of CIT Bank. Transfers from existing CIT Bank accounts will not qualify.
- Maintain an end-of-day account balance of at least $15,000 each of the 60 days following the end of the Funding Period. If the end-of-day balance falls below $15,000 at any time during this 60-day period, you will not qualify for the Amazon Prime membership offer.
There is a limit of one Money Market promotional offer per account and per customer. If multiple Money Market accounts are opened, only one account will be eligible. Custodial accounts are not eligible. This offer is non-transferable.
Customers meeting all of the above requirements will be sent an email with instructions on how to activate their one-year Amazon Prime membership. This instructional email will be sent to the email address on file for the primary account owner approximately 30 days after the end of 60-day period specified in requirement #3, above. The account must remain open for the instructional email to be sent.
IMPORTANT: All customers who qualify for the one-year Amazon Prime membership must redeem it no later than 03/23/2024. Customers who fail to redeem by this deadline will forfeit the one-year Amazon Prime membership from CIT Bank.
Note: information and access to the one-year Amazon Prime membership is provided in electronic form, via email. No paper certificates or gift cards are available.
Account Type: Money Market- Availability: Nationwide; Online Only
- Opening Deposit: $100 minimum
- Monthly Service Fee: None
(FDIC Insured)
With a low-minimum opening deposit of $100, the CIT Bank Money Market Account is ideal for building an emergency fund or saving for a large purchase.
How To Earn Rate
- 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
- Interest Rates for the Money Market Account are variable and may change at any time without prior notice.
- Fees will reduce earnings.
CIT Bank No-Penalty CD
CIT Bank CDs provide a safe, secure way to grow your savings and you can even choose from a selection of CD terms to help you stay on target for your savings goals. Earn 1.25% APY.
- Account Type: No-Penalty 11-Month CD
- Availability: Nationwide; Online Only
- Opening Deposit: $1,000 minimum
- Monthly Service Fee: None
(FDIC Insured)
How To Earn Rate
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.
- Select the No-Penalty CD on CIT Bank’s website.
- Complete your application.
- Review and accept the terms and conditions.
- Set up a few security questions.
- Fund the new account (You can transfer money into CIT through an ACH transfer)
| Term Length | Account Balance | APY |
| 11-Month No-Penalty CD | $1,000+ | 1.25% |
- 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.
CIT Bank Savings Connect Up to 1.20% APY
Earn up to 1.20% APY when you open a CIT Bank Savings Connect account linked with an eChecking account.
- Account Type: Savings Connected linked with eChecking
- Availability: Nationwide; Online Only
- Opening Deposit: $100 minimum each account
- Monthly Service Fee: None
(Visit CIT Bank to learn more)
How To Earn Rate
- 1. Simply open a Savings Connect account with a linked eChecking account.
- The minimum opening deposit for each account is $100.
- 2. Make a monthly $200 electronic payment into your eChecking account.
- 3. Earn up to 1.20% APY.
- Savings Connect is a tiered interest rate account that offers a higher interest rate to customers with a linked Qualifying eChecking account to which periodic Qualifying Deposits are made.
- Interest rates and Annual Percentage Yields (APYs) are variable and may change without notice.
- The minimum to open a Savings Connect account is $100.
- Fees could reduce earnings on the accounts.
- The Qualifying eChecking account must be opened concurrently with the Savings Connect account and the ownership of both accounts must be identical.
- The minimum to open an eChecking account is $100.
- Both accounts must be funded within 30 days of account opening.
CIT Bank Savings Builder 0.65% APY Rate
The CIT Bank Savings Builders account is a tiered savings account that allows you to earn competitive rates based on account balances or when you have a direct deposit.
- Account Type: Savings Builder
- Availability: Nationwide; Online Only
- Opening Deposit: $100 minimum
- Monthly Service Fee: None
(Visit CIT Bank for more details.)
You can begin your savings journey with Savings Builder which allows you to earn interest regardless of your account balance.
How To Earn Rate
- 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:
- 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.
- 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.
- Monthly Savers:
*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.
| Tier | Balance Requirement | APY |
| Base | $0 – $25,000 | 0.33% |
| Upper | $0 – $25,000, but with monthly deposit of $100 or more | 0.65% |
| Upper | $25,000+ | 0.65% |
- 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.
CIT Bank CD Accounts
With only $1,000 account opening deposit you can open a CD with Cit Bank. Additionally, you get to enjoy no maintenance fees, daily compounding interest to maximize your earning potential. Currently, you can earn up to 0.50% APY on a CIT Bank CD account.
- Account Type: CD
- Availability: Nationwide; Online Only
- Opening Deposit: $1,000 minimum
- Monthly Service Fee: None
(FDIC Insured)
How To Earn Rate
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.
- Select the CD term on CIT Bank’s website of your choice.
- Complete your application.
- Review and accept the terms and conditions.
- Set up a few security questions.
- Fund the new account (You can transfer money into CIT through an ACH transfer)
| CD Rates | |
|---|---|
| 6-Month Term | 0.30% APY |
| 1-Year Term | 0.30% APY |
| 13-Month Term | 0.35% APY |
| 18-Month Term | 0.30% APY |
| 2-Year Term | 0.40% APY |
| 3-Year Term | 0.40% APY |
| 4-Year Term | 0.50% APY |
| 5-Year Term | 0.50% APY |
- 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.
Bottom Line
If you don’t mind not having a not having a physical location, you can sign up for any CIT Bank promotions and enjoy these bonuses!
Also, get great interest rates on savings accounts that features a daily compounding of interest to maximize earning potential! Never worry about hidden fees, and bank on-the-go!
Compare these offers with other institutions like Discover Bank, TD Bank, Chase, Huntington, and our extensive list of banking promotions.
*Check back to find the latest CIT Bank promotions, offers, and rates.
Up to 45 days total review period. Not bad…1.7% and you get $300. Not many places are paying 1.7%. But, you will be issued a $300 form 1099 taxable on the bonus. So if your are 22% bracket you lose….$66 in taxes plus state taxes.
Lots of deals to catch from CIT. Good perks for loyal customers.
What’s up, constantly i used to check website posts here in the early hours in the morning, as i like to learn more and more.
Hard pull for me.
Can this be funded with a credit card? and if so how much.