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  CIT Bank Premier High Yield Savings Account

CIT Bank Premier High Yield Savings Account

in Savings Accounts from CIT Bank

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CIT Bank Premier High Yield Savings Account

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in Savings Accounts from CIT Bank

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Highlights
Highlights
Monthly Fee $0
APY (Annual Percentage Yield) 1.25%
APY Minimum Balance $0

CIT Bank Premier High Yield Savings Account Review

CIT Bank Premier High Yield Savings Account is offered by CIT Bank, a bank founded in 2000 and based in Salt Lake City, UT. CIT Bank Premier High Yield Savings Account is available in 50 states (and Washington, DC).

Are savings accounts from CIT Bank federally insured?

Yes, your CIT Bank savings accounts 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 Premier High Yield Savings Account doesn't offer a signup bonus.

What is the minimum balance for CIT Bank Premier High Yield Savings Account?

The minimum balance to open a CIT Bank Premier High Yield Savings Account is $100.
CIT Bank Premier High Yield Savings Account Account Minimums
Description
APY Minimum Balance $0
Minimum Initial Deposit $100
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Required Balance N/A
Minimum Direct Deposit to Avoid Monthly Fee $0
Minimum Balance to Avoid Monthly Fee $0

What APY does CIT Bank offer?

CIT Bank Premier High Yield Savings Account offers an APY of 1.25% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What features and perks does CIT Bank Premier High Yield Savings Account offer?

This account includes the following features:

  • Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
  • Fraud monitoring - CIT Bank Premier High Yield Savings Account 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.
  • CIT Bank Premier High Yield Savings Account Features
    Description
    Bank Account Features
    • Automatic Savings
    • Bauer Financial A+/A Rating
    • Fraud Monitoring
    • Interest Bearing Account
    • Mobile Banking
    • Mobile Check Deposit
    • No Monthly Maintenance Fee

What fees does CIT Bank Premier High Yield Savings Account charge?

CIT Bank Premier High Yield Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $10 fee.
  • Outoing international bank transfers come with a $10 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
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Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • 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
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

APY Minimum Balance $0
Minimum Balance to Avoid Monthly Fee $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee $0
Minimum Initial Deposit $100
Early Account Closure $0
Monthly Fee $0
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $10
Wire Transfer Fee - International (Outgoing) $10
Bauer Financial A+/A Rating  
Bank Account Features
  • Automatic Savings
  • Bauer Financial A+/A Rating
  • Fraud Monitoring
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 1.25%

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