Our pick for a CIT Bank product: CIT Bank Savings Builder High Yield Savings Account
Up to 0.4%
- Monthly fees: $0
- Interest compounded daily
- Minimum deposit to open: $100
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Save with competitive APYs and tiered interest rates when you sign up for a CIT Bank checking, savings account or CD.
CIT Group, the parent company of CIT Bank, cracks the list of the top 10 bank-holding companies in the US. As its principal bank subsidiary, CIT Bank holds over $30 billion of customer deposits across its 71 branches and more than $40 billion in assets.
CIT Bank undertakes extensive measures to safeguard your information and hard-earned money. As an FDIC-insured bank, CIT uses antivirus protection and 128-bit SSL encryption to ensure a secure browser connection and monitors transactions and other financial activity to protect your personal and financial information.
CIT Bank is not accredited with the Better Business Bureau, though it earns a B- rating due to four complaints filed against it. It only has one customer review on the Bureau website, which is negative. The long-time customer was upset that the advertised rates online were only for new accounts and not existing CIT bankers.
A majority of complaints on the Consumer Financial Protection Bureau against CIT Bank were about its home loans, but some customers also complained about long wait times to have their online applications approved.
The FDIC gives CIT Bank a satisfactory CRA rating.
Finance your home with fixed or adjustable rates.
Invest in your small business or augment its cash flow with business loans and equipment financing through CIT Bank‘s business division, Direct Capital.
As one of the longest-standing online banks in the US, CIT Bank offers mobile banking and fee-free accounts with the assets of a large institution. If you’re looking for a savings product with high APYs and tiered interest rates, you may be happy with one of CIT Bank‘s options. However, as a strictly online bank, you won’t be able to access your accounts through a debit card or ATM.
CIT’s eChecking account offers more interest than most physical banks, but it can’t compete online.
CIT Savings Connect combines aspects of a checking and savings account in one product.
This money market account supports your savings mission with a 0.45% APY.
The CIT Savings Builder account has one of the highest interest rates in the country. To earn the 0.40% APY, all you need to do is deposit $100 a month.
Enjoy a competitive 1.55% APY and no account fees with this direct bank’s online-only savings account.
Match your CD to your savings goals at this online bank.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.