Available nationwide, CIT Bank is offering 3.90% APY on all balances when opening a CIT Bank Savings Connect account with a $100 deposit.
Update 7/16/25: The rate has decreased to 3.90% APY (from 4.00%). This is one of the best savings accounts to use as a Hub account to transfer your money.
APY — Annual Percentage Yield is accurate as of June 12, 2025. Interest Rates for the Savings Connect Account are variable and may change at any time without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the account.
About CIT Bank Savings Connect
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.
With no maintenance or ATM fees and numerous conveniences, CIT Bank’s Savings Connect account is an excellent banking solution for many depositors.
CIT Savings Connect 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 Savings Connect 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 |
| $1+ | 3.90% |
CIT Bank Savings Connect Rate
- Account Type: CIT Bank Savings Connect
- Interest Rate: 3.90% APY
- 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)
Important Notes for CIT Bank Savings Connect
- Interest is compounded daily.
- Set up 10 links to external accounts.
- Free outgoing wire transfers for accounts with balances of at least $25k.
- Incoming wire transfers are fee free.
- No limit on number of beneficiaries.
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
- Simply open a Savings Connect account with a minimum opening deposit of $100.
- You’ll need to provide your address, phone, email and social security number.
- Minimum of $100 to open your account. You can transfer funds with electronic transfer, mail in check, or wire.
- You will earn 3.90% APY on all balances.
Why You Should Sign Up For This Account
- Earn More: Earn many times the national average with a Savings Connect account.
- Competitive Rate. Get a competitive rate on your Savings Connect account.
- Easy Deposits. Deposit checks remotely and make transfers easily with the CIT Bank mobile app.
- No monthly service fees.
- FDIC insured.
Other CIT Bank Accounts To Consider
Bottom Line
Check out CIT Bank and open a Savings Connect account to earn a competitive rate!
The fact that you can earn a high rate on any balance makes this Savings Account all worthwhile.
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Check back often to see the latest info on CIT Bank Savings Account.
This one pays bonuses as promised. Got a cash one several years ago and the Amazon prime one. Good customer service over phone several times. Excellent rates for now. Keep watching as its new parent Citizens of Carolina is known for its low cost of funds.