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CIT Bank Savings Account Review and Rates

CIT Bank, the banking division of the CIT Group, if offering their Achiever savings account which has many features and a savings rate that is more than 10 times the FDIC's national average savings rate. In fact, CIT Bank savings account rate is one of the best savings account rates available right now.

CIT Bank Savings Rates

CIT Bank's current savings rate on account balances of $25,000 or more is at 1.04 percent with an APY of 1.05 percent. That is one of the highest savings rates available from any bank right now.

If you don't have $25,000 to deposit into a savings account CIT Bank also has an option to open an account with as little as $100. The savings rate isn't as high on accounts with balances of less than $25k. The current rate is 0.90 percent with an APY of 0.90 percent which is still 10 times the FDIC's national average rate.

CIT Bank Savings Account Review

CIT Bank's Achiever savings account has many features and benefits. The bank makes opening an account quick and easy by letting you open a savings account online. The entire process from opening to getting the account approved just takes a few minutes.

You can also link external bank accounts which makes depositing and withdrawing money easy using electronic transfer (ACH). When you withdraw money if you prefer the old fashion way you can get a check by mail, you can call 855-GOBankCIT and request that a check be mailed to your home.

If you have on deposit $25,000 or more you can get outgoing wire transfers for free. The fee is $10 for CIT Savings accounts with a balance of less than $25,000.

  • No Monthly Maintenance Fee

  • No Incoming Wire Transfer Fee

  • No Online Transfer Fee  

  • No Outgoing Wire Transfer Fee (account balances of $25k or more) 
    No Mail Check Fee  

  • No Account Closure Fee

To opening a CIT Bank Achiever savings account to go To compare this bank's savings rate with other bank savings account rates use our rate table below:
Author: Lisa Graham
August 10th, 2012