CIT Bank's CD Rates and Financial Information

CIT Bank Main Address and Contact Information

2180 South 1300 East, Suite 250
Salt Lake City, Utah 84106

CIT Bank FDIC Certification Number

35575

CIT Bank

CIT Bank Logo
Website: https://www.bankoncit.com/compare-all-products
Rating: StarStarStarStar  (4 out of 5)100

Notes: Received Five-Star BauerFinancial Star Rating(TM). Member FDIC.

CIT Bank CD Rates

Product APY Rate Min. Deposit
1 yr CD 1.320% 1.310% $1,000.00
Rates Updated: 08/28/2017

Articles Related to CIT Bank

CIT Bank - $100 Cash Bonus for Opening a Premier Savings Account

CIT Bank, an online bank, is offering a limited time $100 cash bonus for opening a Premier High Yield Savings Account. CIT Bank, already known for consistently offering one of the best savings rates available, definitely upped the ante with the $100 cash bonus.

You usually see cash deals like this on transactional accounts (e.g. checking accounts) because banks make money on these accounts by charging fees. It will be interesting to see if any of the other online banks start offering a cash bonus on a savings or money market account.

CIT Bank's savings rate on this account is tiered with higher account balances earning 5 basis points less. Account balances below $100,000 earn a rate of 1.30 percent and balances over earn a rate of 1.25 percent.

To get the $100 bonus deal you can't just go CIT Bank's website and open an account. In fact, if you go to CIT Bank's website under Premier High Yield Savings Account you won't even see a mention of the deal. The deal was featured in one of their Google ads. When you open an account you have to use the promo code, "Premier" to get the $100 bonus.

CIT Bank Premier High Yield Savings Account Details

Listed below are all the details on CIT Bank's account.

  • $100 minimum opening deposit
  • No fees to open or maintain the account
  • Interest is compounded daily giving the account an overall higher yield
  • Secure online banking 24/7
  • FDIC Insured

CIT Bank $100 Cash Bonus Details

Listed below are all the details on the $100 cash bonus.

  • A Premier High Yield Savings Account must be opened with Promotional Code "PREMIER" by September 8, 2017.
  • The savings account must be funded within 30 days of account opening.
  • Money used to fund the account must not already be deposited with CIT Bank or OneWest Bank to  qualify for bonus, aka "new funds."
  • The account must maintain a minimum $15,000 monthly balance for the first 3 full monthly statement cycles.
  • There is a limit of one Premier High Yield Savings account bonus offer per customer. If you have multiple accounts only one account will be eligible for the bonus.
  • CIT Bank Customers who received a CIT Bank bonus payment or enrolled in another CIT Bank bonus offer between January 1, 2017 and July 14, 2017 (regardless of whether the bonus has yet been paid) are not eligible for this Premier High Yield Savings account bonus offer.

CIT Bank earns a 4 out of 5 star rating. You can see the rating, view more rates, and see a financial overview of CIT Bank on MonitorBankRates' bank review section: CIT Bank 

 

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Best 1 Year CD Rates April 5, 2017

CD rates continue to move higher this week. We look for the trend of higher CD rates to continue in 2017 as long as there isn't a recession. The Fed is expected to increase the federal funds rate at least two more times this year, which will put more upward pressure on CD rates.

This week, the best 1 year CD rate in the database is now at 1.49 percent with an APY of 1.50 percent. A couple of weeks ago, the top 1 year CD rate was 5 basis points less.

The current national average 1 year CD rate also moved higher this week over last. The current national average 1 year CD rate is at 1.26 percent, up from last week's average of 1.30 percent.

Listed below is top ten 1 year CD rates currently available.

Top Ten 1 Year CD Rates

  1. Connexus Credit Union 1.49% APY 1.50%
  2. VirtualBank 1.45% APY 1.46%
  3. Banesco USA 1.45% APY 1.45%
  4. PurePoint Financial 1.39% APY 1.40% (Tied for 4th place)
  5. Live Oak Bank (Tied for 4th place)
  6. My e-BAnC by BAC Florida Bank (Tied for 4th place)
  7. CD Bank 1.36% APY 1.36%
  8. M.Y. Safra Bank, FSB 1.35% APY 1.36%  (Tied for 6th place)
  9. TAB Bank 1.35% APY 1.36%  (Tied for 6th place)
  10. Synchrony Bank 1.34% APY 1.35% (Tied for 7th place)
  11. AloStar Bank of Commerce 1.34% APY 1.35% (Tied for 7th place)
  12. Home Savings Bank 1.34% APY 1.35% (Tied for 7th place)
  13. First Internet Bank of Indiana 1.32% APY 1.33%
  14. CIT Bank 1.31% APY 1.32%
  15. PenFed 1.30% APY 1.31%

You can view a list of CD rates for all CD terms at MonitorBankRates.com.

    Read more...
CD Rates Report: 1 Year CD Rates as of January 14, 2017

Listed below is a current CD rates report for 1 year certificates of deposit as of January 14, 2017.

Current 1 Year CD Rates

  • Pentagon Federal Credit Union 1.35% Yield 1.36% (tied for 1st place)
  • EverBank 1.35% Yield 1.36% (tied for 1st place)
  • VirtualBank 1.30% Yield 1.31%
  • Live Oak Bank 1.29% Yield 1.30%
  • My e-BAnC by BAC Florida Bank 1.28% yield 1.29%
  • E-Loan 1.27% Yield 1.28% (tied for 5th place)
  • Popular Direct 1.27% Yield 1.28% (tied for 5th place)
  • Pacific National Bank 1.26% Yield 1.27%
  • California First National Bank 1.25% Yield 1.26% (tied for 7th place)
  • TAB Bank 1.25% Yield 1.26% (tied for 7th place)
  • Synchrony Bank 1.24% Yield 1.25% (tied for 8th place)
  • Colorado Federal Savings Bank 1.24% Yield 1.25% (tied for 8th place)
  • Salle Mae 1.24% Yield 1.25% (tied for 8th place)
  • AloStar Bank of Commerce 1.22% Yield 1.23% (tied for 9th place)
  • giantbank AloStar 1.22% Yield 1.23% (tied for 9th place)
  • CIT Bank 1.21% Yield 1.22% (tied for 10th place)
  • BankDirect 1.21% Yield 1.22% (tied for 10th place)

For a list of today's 1 year CD rates in our database go to MontiorBankRates.com.

    Read more...
Highest Deposit Rates November 27, 2016

Variable deposit rates continue to inch slowly higher this week. The best savings rate available is at 1.25 percent with a yield of 1.26 percent. The best money market account rate available is slightly lower at 1.24 percent with a yield of 1.25 percent.

Listed below are the best savings rates and money market rates available in our database for November 27, 2016.

Best Savings Rates

  1. Popular Direct 1.25% Yield 1.26%
  2. Synchrony Bank 1.04% Yield 1.05% (tied for 2nd place)
  3. AloStar Bank of Commerce 1.04% Yield 1.05% (tied for 2nd place)
  4. Goldman Sachs Bank USA 1.04% Yield 1.05% (tied for 2nd place)
  5. Barclays Bank 1.00% Yield 1.00% (tied for 3rd place)
  6. Ally Bank 1.00% Yield 1.00% (tied for 3rd place)
  7. Radius Bank 1.00% Yield 1.00% (tied for 3rd place)
  8. iGObanking.com 1.00% Yield 1.00% (tied for 3rd place)
  9. FNBO Direct 0.95% Yield 0.95% (tied for 4th place)
  10. CIT Bank 0.95% Yield 0.95% (tied for 4th place)
  11. Discover Bank 0.95% Yield 0.95% (tied for 4th place)
  12. Colorado Federal Savings Bank 0.85% Yield 0.85% (tied for 5th place)
  13. My Savings Direct 0.85% Yield 0.85% (tied for 5th place)

Best Money Market Account Rates

  1. EBSBDirect 1.24% Yield 1.25%
  2. EverBank 1.11% Yield (promo rate)
  3. Dime 1.09% Yield 1.10%
  4. firstcentral.direct 1.04% Yield 1.05%
  5. Capital One 1.00% Yield 1.00% (tied for 5th place)
  6. California First National Bank 1.00% Yield 1.00% (tied for 5th place)
  7. Pacific National Bank 1.00% Yield 1.00% (tied for 5th place)
  8. ableBanking, a division of Northeast Bank 1.00% Yield 1.00% (tied for 5th place)
  9. Sallie Mae 0.90% Yield 0.90%
  10. Synchrony Bank 0.85% Yield 0.85% (tied for 7th place)
  11. Ally Bank 0.85% Yield 0.85% (tied for 7th place)
    Read more...
Best Variable Deposit Rates October 12, 2016

Variable deposit rates have been slowly creeping up for the past several months. The interest rate increases have been small; in increments of less than 10 basis points for the most part. Even with the small increases, the best variable deposit rates are almost comparable to best the 1 year CD rates.

The best savings rate on our rate database is at 1.25 percent with an APY of 1.26 percent from Popular Direct. This savings rate is only 4 basis points lower than the top 1 year CD rate in our database at 1.29 percent with a yield of 1.30 percent. The highest money market yield on our list is 5 basis point lower at 1.24 percent with a yield of 1.25 percent.

Listed below are today's current highest savings rates and money market rates

Highest Savings Rates

  1. Popular Direct 1.25% Yield 1.26%
  2. Synchrony Bank 1.04% Yield 1.05% (tied for 2nd place)
  3. AloStar Bank of Commerce 1.04% Yield 1.05% (tied for 2nd place)
  4. Goldman Sachs Bank USA 1.04% Yield 1.05% (tied for 2nd place)
  5. Barclays Bank 1.00% Yield 1.00% (tied for 3rd place)
  6. Ally Bank 1.00% Yield 1.00% (tied for 3rd place)
  7. Radius Bank 1.00% Yield 1.00% (tied for 3rd place)
  8. iGObanking.com 1.00% Yield 1.00% (tied for 3rd place)
  9. FNBO Direct 0.95% Yield 0.95% (tied for 4th place)
  10. CIT Bank 0.95% Yield 0.95% (tied for 4th place)
  11. Discover Bank 0.95% Yield 0.95% (tied for 4th place)
  12. American Express Bank 0.90% Yield 0.90% (tied for 5th place)
  13. Pacific National Bank 0.90% Yield 0.90% (tied for 5th place)

Highest Money Market Rates

  1. East Boston Savings Bank Direct 1.24% Yield 1.25%
  2. EverBank 1.11% Yield (promotional rate)
  3. Dime 1.09% Yield 1.10% (tied for 2nd place)
  4. iGObanking.com 1.09% Yield 1.10% (tied for 2nd place)
  5. Capital One 1.00% Yield 1.00% (tied for 3rd place)
  6. California First National Bank 1.00% Yield 1.00% (tied for 3rd place)
  7. Pacific National Bank 1.00% Yield 1.00% (tied for 3rd place)
  8. ableBanking, a division of Northeast Bank 1.00% Yield 1.00% (tied for 3rd place)
  9. Sallie Mae 0.90% Yield 0.90%
  10. Synchrony Bank 0.85% Yield 0.85% (tied for 4th place)
  11. Ally Bank 0.85% Yield 0.85% (tied for 4th place)
  12. EH National Bank 0.81% Yield 0.81%

To view a current list of savings account rates and money market account rates search our database at SavingsAccount.MonitorBankRates.com.

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CIT Bank 1 Year CD Rates now at 1.21%
CIT Bank 1 Year CD rates are now at 1.21 percent with a yield of 1.22 percent. View current 1 Year CD rates at CIT Bank below.     Read more...
1.35% APY - New Highest 1 Year CD Rate in our Database

We have a new best 1 year CD rate in our database. Colorado Federal Savings Bank recently increased their 1 year rate and now has the highest 1 year CD rate at 1.34 percent with a yield of 1.35 percent. Connexus Credit Union had the top 1 year rate at 1.32 percent with a yield of 1.33 percent. You can view a complete list of 1 year CD rates in our database below.

Current 1 Year CD Rates

  • Colorado Rate FSB Rate 1.34% Yield 1.35%
  • Connexus Credit Union Rate 1.32% Yield 1.33%
  • Live Oak Bank Rate 1.29% Yield 1.30%
  • AloStar Bank of Commerce Rate 1.25% Yield 1.26%
  • California First National Bank Rate 1.25% Yield 1.26%
  • My e-BAnC by BAC Florida Bank Rate 1.25% Yield 1.26%
  • Synchrony Bank Rate 1.24% Yield 1.25%
  • Bank Direct Rate 1.24% Yield 1.25%
  • Sallie Mae Rate 1.24% Yield 1.25%
  • iGObanking.com Rate 1.24% Yield 1.25%
  • CIT Bank Rate 1.22% Yield 1.23%
  • First Internet Bank of Indiana Rate 1.20% Yield 1.21%
    Read more...
CIT Bank CD Rates Lowered

CIT Bank CD rates were lowered this week on 5 year and 2 year certificates of deposit. Despite the recent decreases, the bank's rates are still very competitive. Rates were lowered on CIT Bank's regular, jumbo, IRA, and jumbo IRA CD accounts. You can compare these new rates with other CD rates at banks by searching the rate database at MonitorBankRates.com.

CIT Bank CD Rates

BankProductRate (new / old)Yield (new / old)
CIT Bank2 yr CD1.29 / 1.391.30 / 1.40
CIT Bank5 yr CD1.88 / 2.081.90 / 2.10
CIT Bank5 yr jumbo CD1.93 / 2.131.95 / 2.15
CIT Bank2 yr IRA CD1.29 / 1.391.30 / 1.40
CIT Bank5 yr IRA CD1.88 / 2.081.90 / 2.10
CIT Bank2 yr jumbo IRA CD1.34 / 1.461.35 / 1.47
CIT Bank5 yr jumbo IRA CD1.93 / 2.131.95 / 2.15
CIT Bank2 yr jumbo CD1.34 / 1.461.35 / 1.47
    Read more...
3/1/16 - Best Variable Deposit Rates

Listed below are the best variable deposit rates for March 1, 2016. For a list of today's deposit rates search our database of rates at Deposit Rates.

Best Money Market Account Rates

  • EverBank Rate 0.61% Yield 1.11%
  • Silvergate Bank 1.10% Yield 1.10%
  • Dime Rate 1.09% Yield 1.10%
  • Northeast Bank Rate 1.09% Yield 1.10%
  • iGObanking.com Rate 1.09% Yield 1.10%
  • ableBanking Rate 1.00% Yield 1.00%
  • Sallie Mae 0.90% Yield 0.90%
  • Ally Bank Rate 0.85% Yield 0.85%
  • Mutual of Omaha Bank Rate 0.85% Yield 0.85%
  • Synchrony Bank Rate 0.85% Yield 0.85%
  • MyCBB Rate 0.83% Yield 0.83%
  • Discover Bank 0.80% Yield 0.80%
  • EH National Bank 0.80% Yield 0.80%

Best Savings Account Rates

  • Synchrony Bank Rate 1.04% Yield 1.05%
  • GE Capital Bank Rate 1.04% Yield 1.05%
  • Barclays Bank Rate 1.00% Yield 1.00%
  • Ally Bank Rate 1.00% Yield 1.00%
  • iGObanking.com Rate 1.00% Yield 1.00%
  • My Savings Direct Rate 1.00% Yield 1.00%
  • CIT Bank Rate 0.99% Yield 1.00%
  • FNBO Direct Rate 0.95% Yield 0.95%
  • Discover Bank Rate 0.95% Yield 0.95%
  • American Express Rate 0.90% Yield 0.90%
  • Colorado Federal Savings Bank 0.85% Yield 0.85%
    Read more...
Top Deposit Rates for February 24, 2016

Listed below are the top online savings rates and money market rates for 2/24/16.

Top Online Savings Account Rates

  • Synchrony Bank Rate 1.04% Yield 1.05%
  • GE Capital Bank Rate 1.04% Yield 1.05%
  • Barclays Bank Rate 1.00% Yield 1.00%
  • Ally Bank Rate 1.00% Yield 1.00%
  • iGObanking.com Rate 1.00% Yield 1.00%
  • My Savings Direct Rate 1.00% Yield 1.00%
  • CIT Bank Rate 0.99% Yield 1.00%
  • FNBO Direct Rate 0.95% Yield 0.95%
  • Discover Bank Rate 0.95% Yield 0.95%
  • American Express Rate 0.90% Yield 0.90%

Money Market Account Rates

  • EverBank Rate 0.61% Yield 1.11%
  • Silvergate Bank 1.10% Yield 1.10%
  • Dime Rate 1.09% Yield 1.10%
  • Northeast Bank Rate 1.09% Yield 1.10%
  • iGObanking.com Rate 1.09% Yield 1.10%
  • ableBanking Rate 1.00% Yield 1.00%
  • Sallie Mae 0.90% Yield 0.90%
  • Ally Bank Rate 0.85% Yield 0.85%
  • Mutual of Omaha Bank Rate 0.85% Yield 0.85%
  • Synchrony Bank Rate 0.85% Yield 0.85%
  • MyCBB Rate 0.83% Yield 0.83%
  • Discover Bank 0.80% Yield 0.80%

To see variable deposit rates from many banks and credit unions search our rate table at Deposit Rates.

    Read more...

Compare CIT Bank's CD Rates With Other Bank Rates Below

CIT Bank Financials

Total Assets: $9,598,957,000
Total Deposits: $6,731,660,000
Equity Capital: $2,208,666,000
Domestic Deposits: $6,731,660,000
Net Income: $18,413,000
Net Income (Quarterly): $18,413,000
Headquarters: Livingston
FDIC Field Office: Salt Lake City
Regulator: FDIC
County: Salt Lake
# of Offices: 1
Metropolitan Statistical Area (MSA): Salt Lake City-Ogden, UT
Consolidated Metropolitan Statistical Area (CMSA):
OTS Region: West
FDIC Region: San Francisco
Last Updated: 2010-01-20
Source: FDIC