CIT Bank

Summary

Boost your savings game with CIT Bank's Savings Connect Account, offering a stellar 4.20% APY*. With just a $100 minimum opening deposit, CIT makes it easy to get started. No account opening or maintenance fees, quick setup in about 5 minutes, and FDIC insurance ensure a hassle-free banking experience.

Company Overview

Welcome to CIT Bank, your online banking buddy. Access secure and convenient banking services without leaving your home. As a division of First Citizens Bank, CIT Bank stands out with higher interest rates on savings accounts and lower fees, thanks to its streamlined service model.

MORE: What’s The Best Savings Account?

What CIT Bank Savings Connect Does Best

CIT Bank takes the lead with a whopping 4.20% APY, coupled with no fees and FDIC insurance. With easy account setup, it's a digital haven for your finances. CIT Bank, a division of First Citizens Bank, known for its competitive interest rates and strong customer service has been offering banking solutions since 1908.

MORE: What’s The Best Savings Account?

Any Negatives?

While CIT Bank offers top-notch online and mobile banking, customer service by telephone isn't 24/7. Also, if you're in the market for personal loans or credit cards, you won't find them here. Paper checks are a no-go for payments.

Our Final Verdict: 0/10

CIT Bank Savings Connect is your ticket to higher interest and lower fees. Say goodbye to branch lines and hello to 24/7 online and mobile banking. CIT Bank keeps you in control with advanced features, from debit card controls to easy money transfers. Your savings deserve the CIT Bank advantage.

*APY — Annual Percentage Yield is accurate as of May 3, 2024. 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.

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FAST FACTS
  • $5,000 minimum balance for highest rate
  • Earn 4.20% APY
  • No account opening or maintenance fees
  • FDIC Insured
SAVINGS ACCOUNTS
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