CIT Bank Savings Builder Review

CIT Bank Savings Builder is offered by CIT Bank, a bank founded in 2000 and based in Salt Lake City, UT. CIT Bank Savings Builder 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 Savings Builder has a signup bonus of $300 with a $50,000 deposit.

What is the minimum balance for CIT Bank Savings Builder?

What APY does CIT Bank offer?

CIT Bank Savings Builder offers an APY of 0.5% (APY stands for annual percentage yield, rates may change).

What features and perks does CIT Bank Savings Builder 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.
• ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks. Typically there is a limit to how much you can claim for these costs, so check the fine print if you plan to make multiple withdrawals within one month.
• Fraud monitoring - CIT Bank Savings Builder 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 Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.

CIT Bank Savings Builder Features

Description
Best Of?	Yes
Bank Account Features	No ATM Fees FDIC Member Branch Access Bauer Financial A+/A Rating Automatic Savings Debit Card Free Bill Pay Fraud Protection Debit Card Lock/Unlock Fraud Monitoring Mobile Banking ATM Reimbursement Interest Bearing Account No Monthly Maintenance Fee Mobile Check Deposit

What fees does CIT Bank Savings Builder charge?

CIT Bank Savings Builder 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.