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Maximize Your Savings with the CIT Bank Platinum Savings Account: Earn Up to 4.40% APY

Last updated 04/16/2024 by

SuperMoney Team

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CIT Bank has launched a new savings product called the Platinum Savings Account, which offers an annual percentage yield (APY) of up to 4.40% on balances of $5,000 or more. This rate is 12 times higher than the national average and one of the best rates available in the market. There are no account opening or maintenance fees, and the account offers daily compounding interest. However, the APY drops to 0.25% on balances less than $5,000.
Introducing the CIT Bank Platinum Savings account – a new savings product that offers an incredibly high annual percentage yield (APY) of up to 4.40% on balances of $5,000 or more. This is 12x the national average, making it one of the best rates available in the market today. From the savings accounts we track, only Axos’ UFB Preferred Savings provides a higher rate (5.02% APY) from among the savings accounts we track.
With a minimum opening deposit of just $100, you can start earning daily compounding interest to maximize your earning potential. And the best part? There are no account opening or maintenance fees, making it an affordable option for everyone.

The catch is CIT Bank Platinum Savings Account only offers an APY of 0.25% on balances less than $5,000. If you don’t have $5,000 to deposit in your savings account, consider starting with CIT Bank’s Savings Connect account, which offers 4.20% APY with no minimum balance.
Managing your account is easy with the CIT Bank mobile app, which allows you to deposit checks remotely and make transfers at your convenience. If you are in the market for a new savings accounts, CIT Platinum Savings offers one of the highest interest rates available on the market.

Pro Tip

A good saving account provides competitive annual percentage yields (APYs) and doesn't charge fees. SuperMoney reviewed hundreds of savings accounts and these are our top picks of the best savings accounts on the market

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About CIT Bank

CIT Bank is a leading online bank headquartered in Pasadena, California. It is the banking subsidiary of CIT Group Inc., a financial holding company founded in 1908. CIT Bank was established in 2009 and offers a range of online banking products, including checking, savings, money market, and certificate of deposit (CD) accounts. CIT Bank is known for its competitive interest rates and no-fee accounts, making it a popular choice for consumers looking for high-yield savings options. The bank also offers mobile banking and 24/7 customer support.

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