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CIT Bank Savings Account: Bookmark This Deal

CIT Bank savings

If you’re in the market for a savings account, this is a deal you’ll want to bookmark. CIT Bank’s new savings offer is tough to beat.

It’s paying 1.30% APY with a $100 minimum on balances up to $100,000. And when you open an account, you’ll get a $100 bonus.

The only savings deal that currently beats that is from Live Oak Bank, which is offering 1.35% APY with no minimum.

Indeed, banks are starting to compete for the best rates, and that’s great news for savers.

You can check out our monthly roundup of the best savings accounts for more options and opportunities.

With the national average savings account rate at a dismal 0.09%, this deal from CIT Bank is certainly better-than-average.

RATE SEARCH: Compare the best savings account rates.

The Details On This CIT Bank Savings Account

Rate: 1.30% APY on balances up to $100,000 and 1.25% APY on balances over $100,000

Minimum To Open: $100

Minimum to Avoid Fees: None

Availability: Nationwide

Requirements: You must be at least 18-years-old and a U.S. citizen to open an account with CIT Bank.

Other Perks: When you open the CIT Bank savings account, you’ll get a $100 bonus, no account opening or maintenance fees, daily compounding interest, free online banking and an FDIC-insured account.

How to Apply: You can apply for an account using CIT Bank’s online application. You can fund the account with a transfer from an outside bank account.

About CIT Bank

CIT Bank, N.A. and OneWest Bank, a division of CIT Bank, N.A. are the same FDIC-insured institution. CIT Bank is an Internet bank, open to savers throughout the nation.

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