Last Updated: 07/07/2025
SuperMoney User Recommendation Score +82
Strongly recommended22 total votes
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
0.25% - 4.00%(Verified 06/12/2025)
Disclaimer popup with additional information
Minimum Opening Deposit
$100
Minimum Balance to Earn APY
N/A
Number of Reviews
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
- High yield savings. This account offers an annual percentage yield of up to 4.00%*, which is much higher than the average interest rate for a savings account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- $100 minimum opening deposit. This is a typical minimum initial deposit.
CIT Bank Platinum Savings Pros & Cons
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CIT Bank Platinum Savings FAQ
Are savings accounts from CIT Bank federally insured?
Yes, your deposits are insured 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.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 4.00% (APY stands for annual percentage yield, rates may change).
Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. APYs — Annual Percentage Yields are accurate as of June, 11 2025: 0.25% APY on balances of $0.01 to $4,999.99; 4.00% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
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 custserv@cit.com.
How do people rate the customer service and user experience of CIT Bank Platinum Savings?
Overall, CIT Bank Platinum Savings is strongly recommended based on community reviews that rate customer service and user experience.
SuperMoney Disclosure: SuperMoney.com 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
Other Savings Accounts from CIT Bank
APY (Annual Percentage Yield)
3.90%
Disclaimer popup with additional information
Minimum Opening Deposit
$100
Minimum Balance to Earn APY
N/A
APY (Annual Percentage Yield)
Up to 1.00%
Minimum Opening Deposit
Starting at $100
Minimum Balance to Earn APY
$0.01
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +82, or 4.6 on a 5-point rating scale.
+82
-1000+100
No one recommends
Everyone recommends
CIT Bank Platinum Savings Community Reviews
Would you recommend CIT Bank Platinum Savings to your friends?
SJ
Shamim J.
Feb 22, 2024
May or may not recommend
The CIT Bank Platinum Savings account has exceeded my expectations with its exceptional features and benefits. The competitive interest rates offered allow me to maximize my savings and reach my financial goals faster. The account's no monthly fees and low minimum balance requirement make it accessible to all, regardless of income level. The online banking platform is intuitive and user-friendly, providing easy access to account information and transactions. Additionally, the ...Show More
RW
Ryan W.
Jan 8, 2024
May or may not recommend
I highly recommend CIT Bank's Platinum Savings! The interest rates are great, way better than regular accounts, and my savings are growing fast. No monthly fees, which is a big plus. Online banking is super easy and the app is a lifesaver for managing my account anywhere. Plus, everything is FDIC insured, so I know my money's safe. Customer service is always helpful when I need them. Overall, a fantastic ...Show More
Aleeza M.
Jan 6, 2024
May or may not recommend
Like most folks here, I'm annoyed that CIT Bank has again created a new savings account with a higher rate instead of raising the rate of my existing account. If not for depositaccounts.com, I wouldn't have known about the new account/rate. However, it took me a little more than two minutes to go to the bank site and fund the new "Platinum" account with my existing "Savings Connect" account. It ...Show More
EM
Emily M.
Nov 19, 2023
May or may not recommend
This one is difficult to recommend truly. It does have some really neat features. It offers very competitive rates. It is member FDIC secured, which is a must. It has a better than most mobile banking app. Plus, it has no monthly service fees.
All Great Features, Right?
Well, they advertise such a high APY percentage; however, you will eventually learn that you only attain that rate with a 5K ...Show More
RU
Rabbia U.
Nov 19, 2023
May or may not recommend
This Platinum Savings Account by CIT is the safest option for me so far as they are insured with FDIC so I know my money is in safe hands. The other best thing for me is there is no charges for international wire transfer because I need to send money sometimes to my family outside USA. I highly recommend.
Akinlaja C.
Nov 11, 2023
May or may not recommend
CIT Bank Platinum Savings is a good option for people who are looking for a savings account that offers a high interest rate without requiring a minimum balance. Another unique feature of CIT Bank Platinum Savings is its free ATM withdrawals at all MoneyPass ATMs. This is a great benefit for people who need to access their cash on the go.
However, it is important to note that this account does ...Show More
ID
Irene D.
Nov 9, 2023
May or may not recommend
CIT Bank Platinum Savings has some amazing courier service, didn’t receive a monthly charge, and has an amazing user-friendly app. I had an amazing experience, and now I know my savings are in a good place
AC
Audree C.
Nov 8, 2023
May or may not recommend
I would definitely recommend CIT Bank Platinum Savings. A close friend of mine is committed to them. They have no monthly fees, no charge for wire transfers which is such a relief. On top of that, they are FDIC-insured and that's always a big one for me when looking for savings/checking accounts. The only downside for me is the $100 minimum deposit. Other than that, they are more than reliable.
Malliyah E.
Nov 2, 2023
May or may not recommend
CIT Bank Platinum Savings offers a high-yield savings account with competitive interest rates. With no monthly fees and easy online access, it provides a convenient way to grow your savings. The account is backed by a reputable institution, ensuring security and peace of mind.
YA
Yesmin A.
Nov 1, 2023
May or may not recommend
CIT Bank Platinum Checking is a good option if you want to earn extra money with your checking account. But you need to keep a higher amount of money in the account compared to some other banks. I highly recommend
GM
Gina M.
Oct 29, 2023
May or may not recommend
I had a great experience with understanding my finances better and feeling like the money I was putting in was well invested. I was comfortable with knowing that my savings would grow and I could also use a very user friendly application to check.
EM
Emily M.
Oct 26, 2023
May or may not recommend
I would recommend CIT Bank Platinum Savings for various reasons:
-Great APY rate. It offers a higher rate than most banks. However, this is for a high deposit amount. For instance, I deposited 6,500 USD.
-I only go with banks that are FDIC-insured to protect my assets.
-It offers a really good and user-friendly mobile app.
-Plus I was never charged a monthly fee.
These reasons would lead me to ...Show More
KD
Kelcie D.
Oct 26, 2023
May or may not recommend
I'm a big nerd when it comes to making your money earn you more money. So whenever the topic comes up, CIT bank is the first thing that comes out of my mouth. Or at least a high yield savings account in general. I have a savings account with them at a 4.5% interest rate and I actually get excited to see my statement each month to see how much ...Show More
EY
Eshaal Y.
Jul 20, 2023
May or may not recommend
The interest rate on the Platinum Savings account is among the highest available in the market. The high variable APY of 4.95% and the absence of a monthly fee are attractive features that can help you save money every month while making purchases. They have a user-friendly interface, robust security measures, and exceptional customer support, CIT Bank ensures a superior savings experience. I would highly recommend the CIT Bank Platinum ...Show More
HA
Hina A.
Jul 15, 2023
May or may not recommend
I have an account with CIT bank platinum they have a C mobile app that makes it easy to manage my account. The best thing is I didn't have to pay account opening or monthly services fees, which is amazing! The saving account pays me up to 4.95% APY on my money. also, the CIT Bank is FDIC-approved and it is also insured. I would highly recommend it if ...Show More
Tara T.
Jul 13, 2023
May or may not recommend
Overall, I would not recommend the CIT Bank Platinum Savings Savings Accounts because of the high minimum balance requirement, the non-competitive interest rate, and the lack of ATM fee rebates. There are other high-yield savings accounts that offer a better deal.
Here are some other high-yield savings accounts that I would recommend:
Marcus by Goldman Sachs High Yield Online Savings Account: This account offers an interest rate of 0.70% APY for all ...Show More
TM
Tamutswa M.
Jul 12, 2023
May or may not recommend
Let me start by sharing my personal experience with Citibank Platinum Savings, and why I believe it's a fantastic choice for your savings goals.
First off, the interest rates offered by Citibank for their Platinum Savings account are truly impressive. Watching my savings grow at a steady pace has been quite satisfying. Citibank often goes above and beyond, providing rates that match or even surpass other banks. It's a win-win situation!
When ...Show More
ED
Emily D.
Jul 10, 2023
May or may not recommend
CIT Bank's savings account service stands out from the competition with its impressive APY of 4.95%. This high annual percentage yield alone makes it an attractive option for savers. However, what truly sets CIT Bank apart is its commitment to customer satisfaction and additional features. With a user-friendly interface, robust security measures, and exceptional customer support, CIT Bank ensures a superior savings experience. If you're seeking a bank that offers ...Show More
Turbomarketing
Jul 8, 2023
May or may not recommend
Based on my experience with this credit product, it can be a good idea to utilize it for buying gifts for the family during the holidays. The high variable APY and the absence of a monthly fee are attractive features that can help you save money while making purchases. However, it's essential to consider your budget and repayment ability to ensure responsible credit usage. Ultimately, it's important to evaluate your ...Show More
BK
Bethany K.
Apr 20, 2023
May or may not recommend
CIT Bank Platinum Saving Accounts seem to have it all! A high APY of 4.75%, fraud protection with customer support email access at any time, locations nation wide and great weekday AND weekend hours for in person service.
Showing 20 of 22 reviews
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