In summary, the CIT Bank's Platinum Savings Account, with its high APY* and attractive promotions, is an excellent option for customers looking to maximize their savings potential. However, keep in mind that this savings account may not be the best choice for those who prefer traditional, brick-and-mortar banking, or for those who frequently need to withdraw funds, as it might come with certain limitations. Security is also paramount at CIT Bank, ensuring your funds are safe and protected. While the bank operates primarily online, its user-friendly interface and top-notch customer service make banking a breeze. What makes CIT Bank particularly intriguing are its unique promotions, which typically offer substantial bonuses or even higher interest rates for new deposits or accounts. Currently, the CIT Bank's Platinum Savings Account offers a 5.05% APY* with a balance of $5,000 or more, but you can start with as little as $100 with 0.25% APY. The bank's rate stands out in the market, providing customers a competitive edge in growing their savings. Although the information provided by Curinos, New York, NY has been obtained from the various institutions, accuracy cannot be guaranteed.įDIC INSURANCE: up to $250,000 per depositor, per insured bank, for each ownership category.CIT Bank's Platinum Savings Account is an excellent choice for those seeking a high yield savings product. CD Rates: Average APYs are based on certificate of deposit accounts of $25,000. banks (ranked by total deposits) provided by Curinos, New York, NY as of. NATIONAL AVERAGE: National Average APYs are based on specific product types of top 50 U.S.

Following that, only withdrawal of the entire balance is allowed. NO PENALTY CD: Early withdrawals are not permitted within the first 6 days after account funding.

See all CD rates and terms offered here.īUMP-UP CD: A rate increase may be requested once during the term of the CD should the rate we offer for the Bump-Up CD rise. The maximum APY shown for CDs is for a 9-month CD. After maturity, if your CD rolls over, you will earn the offered rate of interest for your CD type in effect at that time. For CD accounts, a penalty may be imposed for early withdrawals.

For Money Market and High Yield Savings Accounts, the rate may change after the account is opened. ĪPYs are subject to change at any time without notice. ANNUAL PERCENTAGE YIELD (APY): All APYs are accurate as of.

High interest rate cd