CIT Bank Platinum Savings
Visit Site

Best Of Product

CIT Bank Platinum Savings
in Savings Accounts from CIT Bank · Member FDIC
Claimed Visit Site

CIT Bank Platinum Savings

in Savings Accounts from CIT Bank · Member FDIC
Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend CIT Bank Platinum Savings to your friends?

Thanks for your vote!

You voted: May or may not recommend

Monthly Fee $0
(Verified 03/17/2023)
APY (Annual Percentage Yield) 0.25% - 4.40%
(Verified 03/17/2023)
Minimum Balance to Earn APY N/A

CIT Bank Platinum Savings Review

CIT Bank Platinum Savings is offered by CIT Bank, a bank founded in 1908 and based in Raleigh, NC. CIT Bank Platinum Savings are available in 50 states (and Washington, DC).

Key Takeaways

  • Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.40%*, which is much higher than the average interest rate for a savings account.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.

CIT Bank Platinum Savings Pros & Cons

Pros Cons
  • Available in all 50 states.
  • High variable APY*.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.

CIT Bank Platinum Savings FAQ

Are savings accounts from CIT Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #58978). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does CIT Bank offer a signup bonus?

CIT Bank Platinum Savings doesn't offer a signup bonus.

What is the minimum initial deposit for CIT Bank Platinum Savings?

The minimum deposit to open a CIT Bank Platinum Savings is $100.
CIT Bank Platinum Savings Minimums
Minimum Opening Deposit $100

What APY* does CIT Bank Platinum Savings offer?

CIT Bank Platinum Savings offers a variable APY* starting at 0.25% and ranging up to 4.40% (APY stands for annual percentage yield, rates may change).

What fees does CIT Bank Platinum Savings charge?

CIT Bank Platinum Savings does not charge a monthly service fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $10 fee.
  • An overdraft on your account will trigger a $30 fee per item.

Does CIT Bank Platinum Savings charge overdraft fees?

Yes, CIT Bank Platinum Savings charges a $30 overdraft fee.

CIT Bank Platinum Savings offers overdraft protection at a cost of $5 per transaction. This overdraft protection fee is charged every time the bank arranges a transfer from another one of your accounts, typically a savings account, to cover the overdraft.

What features and perks does CIT Bank Platinum Savings offer?

This savings account includes the following features:

  • Fraud monitoring - CIT Bank Platinum Savings monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - CIT Bank Platinum Savings allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to CIT Bank Platinum Savings?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for CIT Bank Platinum Savings?

The customer support email for CIT Bank Platinum Savings is

SuperMoney Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.


Hours of Operation

  • Sunday Closed
  • Monday 7:00am - 7:00pm
  • Tuesday 7:00am - 7:00pm
  • Wednesday 7:00am - 7:00pm
  • Thursday 7:00am - 7:00pm
  • Friday 7:00am - 7:00pm
  • Saturday Closed

Other Services by CIT Bank

Icon for Savings Accounts
View all savings accounts offered by CIT Bank


  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit $100
Monthly Fee $0
(Verified 03/17/2023)
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $10
Wire Transfer Fee - International (Incoming) $0
Overdraft Protection Fee (per transfer) $5
Overdraft Item Fee $30
Returned Deposit Fee (Domestic) $10
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.25% - 4.40%
(Verified 03/17/2023)

Be the first to rate


Would you recommend CIT Bank Platinum Savings to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Savings Accounts

CIT Bank Savings Accounts