Available nationwide, CIT Bank is offering up to 0.50% APY on your funds when opening a CIT Bank Savings Connect account with a linked eChecking account. Continue reading below to learn everything you need to know below.
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| PROMOTIONAL LINK | OFFER | REVIEW |
| CIT Bank Savings Connect | Up to 0.50% APY | Review |
| CIT Bank Money Market | 0.45% APY | Review |
| CIT Bank Savings Builder | 0.40% APY | Review |
| CIT Bank CDs | Up to 0.50% APY CD | Review |
| CIT Bank No Penalty CD | 0.30% APY | Review |
Table of Contents
About CIT Bank Savings
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.
I’ll review CIT Bank Savings below. If you are interested in bank bonuses offered by CIT Bank, be sure to check out our CIT Bank Promotions page.
Note: Interested in Bank Bonuses? See promotions from our favorite banks: HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA, CIT Bank, Bank of America, or CIT Bank.
CIT Bank Savings Connect Information
- Account Type: Savings Connect, eChecking
- Interest Rate: Up to 0.50% APY
- Availability: Nationwide (Online)
- Minimum Balance: None
- Credit Inquiry: Soft pull
- Opening Deposit: $100 for each account
- Credit Card Funding: None
- Monthly Fee: There are no monthly fees
- Additional Requirements: See below
- Early Termination Fee: None
(Visit CIT Bank to learn more)
American Express® High Yield Savings Account - You earn 0.40% interest rate along with no minimum deposits or monthly fees. Amex High Yield Savings account has been my favorite Hub account for the past 7 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why: *No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account. *1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two. *No loss of interest during transfers - On the day you initiate your transaction on the high yield savings account website, the funds will be reflected in your Current Balance and begin earning interest. Some other features from American Express High Yield Savings Account include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month. |
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Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos Bank and CIT Bank accounts offer great rates available nationwide which I recommend. |
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| PROMOTIONAL LINK | OFFER | REVIEW |
| Aspiration | 1.00% APY + $100 Cash | Review |
| Axos My Savings Builder | Up to 0.70% APY | Review |
| Axos Bank High Yield Savings | 0.61% APY | Review |
| Axos Bank High Yield Money Market | 0.60% APY | Review |
| CIT Bank Money Market | 0.45% APY | Review |
| American Express High Yield Savings | 0.40% APY | Review |
| Discover Bank Online Savings | 0.40% APY | Review |
CIT Bank ACH Capabilities & Limits
| ACH Type | Speed | Daily $ Limit | Monthly $ Limit | Notes |
| Push | ? | ? | ? | None |
| Pull | ? | ? | ? | None |
Editor’s Note: Help us with the table above in the comment section if you have experience with CIT Bank’s ACH capabilities.
How to Earn CIT Bank 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 0.50% APY.
| Tier | Description | APY |
| Base | Applies to a Savings Connect account when no Qualifying Deposit of $200 or more is made to the Qualifying eChecking account during the preceding Evaluation Period, or if the Qualifying eChecking account was closed or ceased to meet the criteria for a Qualifying eChecking account as of the most recent Evaluation Day. | 0.42% APY |
| Upper | Applies to a Savings Connect account linked to a Qualifying eChecking account, to which a Qualifying Deposit of $200 or more is made as required. | 0.50% APY |
Why You Should Sign Up For This Account
- Earn More: Earn 10x the national average with a Savings Connect account.
- Competitive Rate. Get a competitive rate on your Savings Connect account by opening a linked eChecking account and making the automated monthly deposit of $200 or more.
- Easy Access. Access your accounts 24/7 online and on the mobile app or through any U.S. ATM with your eChecking debit card.
- ATM Reimbursement. CIT Bank doesn’t charge ATM fees and reimburses up to $30 in other U.S. bank’s ATM fees on eChecking accounts.
- Easy Deposits. Deposit checks remotely and make transfers easily with the CIT Bank mobile app.
- Easy access to your eChecking account through Zelle®Scroll to disclosure:3, Bill Pay and your CIT Debit card.
- No monthly service fees.
- FDIC insured.
CIT Bank Overdraft
In the event you go over your CIT eChecking balance, overdraft protection transfers money from your CIT Savings Connect (or money market account) to cover the insufficient funds at no extra charge.
On the flip side, if you do not have a linked savings account, there will be a $30 charge per overdraft, up to four times a day.
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. Let us know about your experience with this bank and comment below.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on CIT Bank Savings Account.
(Visit CIT Bank to learn more)
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| Huntington 25 Checking | $300 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| Axos Bank Basic Business Checking | $100 Cash | Review |
| Aspiration Spend & Save Account | $100 Cash | Review |
| Ally Invest | Up to $3,000 Cash | Review |
| BlockFi | Up To $250 BTC | Review |
| American Express High Yield Savings | 0.40% APY | Review |
| Discover Cashback Debit Account | $360 Cash | Review |
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