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Savings Account Rates CIT Bank

Savings Account Rates CIT BankSavings account rates at CIT Bank are very competitive right now, especially on the bank's Savings Builder savings account. In fact, the Savings Builder savings rate places CIT Bank in the top 10 savings rates on the rate list. Current CIT Bank Savings Builder savings rate is at 2.27 percent with an APY of 2.30 percent. The account is FDIC insured and the minimum opening deposit is only $100.

To earn the 2.30% APY, you have to either have $25,000 or more on deposit or make a monthly deposit of $100 or more. If you don't make deposits of $100 or more each month or have a balance of less than $25,000 the savings rate is 1.26% APY for the first month. Each month after the savings rate drops to 1.00% APY.

Savings Builder Benefits and Features

  • No account opening or maintenance fees

  • Daily compounding interest to maximize your earning potential

  • A limit of six transactions per statement cycle (Federal Law)

  • Deposit checks remotely and make transfers with the CIT Bank mobile app

CIT Bank is also offering their Premier High Yield Savings Account. The current savings rate is at 1.53 percent with an APY of 1.55 percent. All account balances earn that savings rate and yield. The minimum opening deposit is only $100.
Author: Brian McKay
July 20th, 2019