Last Updated: 07/07/2025
SuperMoney User Recommendation Score +95
Strongly recommended22 total votes
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Highlights
Community Rating
Strongly recommended
APY (Annual Percentage Yield)
Up to 1.00%(Verified 06/21/2024)
Minimum Opening Deposit
Starting at $100
Minimum Balance to Earn APY
$0.01
Number of Reviews
CIT Bank Savings Builder Review
CIT Bank Savings Builder is offered by CIT Bank, a bank founded in 1908 and based in Raleigh, NC. CIT Bank savings are available in 50 states and Washington, DC.
Key Takeaways
- Higher than average APY. CIT Bank Savings Builder has an annual percentage yield of up to 1.00%, which is higher than the average interest rate for savings accounts. Note that you must keep a minimum balance of $0.01 to earn that interest rate.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- $100 minimum opening deposit. This is a typical minimum initial deposit.
- No ATM fees. CIT Bank Savings Builder does not charge fees on ATM transactions .
- ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
CIT Bank savings Pros & Cons
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CIT Bank 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 savings doesn't offer a signup bonus.
What is the minimum initial deposit for CIT Bank savings?
The minimum deposit to open a CIT Bank savings is $100.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does CIT Bank Savings Builder offer?
CIT Bank savings offers an APY up to 1.00% (APY stands for annual percentage yield, rates may change).
What fees does CIT Bank savings charge?
CIT Bank 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.
- Outgoing 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.
What features and perks does CIT Bank savings offer?
This savings account includes the following features:
- ATM reimbursement - This account provides ATM access and will reimburse you for the ATM fees charged by other networks.
- Fraud monitoring - CIT Bank 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 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 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 savings?
The customer support email for CIT Bank savings is custserv@cit.com.
How do people rate the customer service and user experience of CIT Bank savings?
Overall, CIT Bank savings is strongly recommended based on community reviews that rate customer service and user experience.
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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
SundayClosedMonday7:00AM - 7:00PMTuesday7:00AM - 7:00PMWednesday7:00AM - 7:00PMThursday7:00AM - 7:00PMFriday7:00AM - 7:00PMSaturdayClosed
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)
0.25% - 4.00%
Disclaimer popup with additional information
Minimum Opening Deposit
$100
Minimum Balance to Earn APY
N/A
SuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +95, or 4.9 on a 5-point rating scale.
+95
-1000+100
No one recommends
Everyone recommends
CIT Bank Savings Builder Community Reviews
Would you recommend CIT Bank Savings Builder to your friends?
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
I had a great experience with them their customer service is amazing and I will be using them again in the future .
MA
Muhammad A.
Jul 28, 2022
May or may not recommend
I had a great experience with them their customer service is amazing and I will be using them again in the future .
R C.
May 9, 2022
May or may not recommend
I only recently switched from Chase Savings to this one a few months ago, but I am happy with the benefits they advertise. I was skeptical at first because the offer seemed too good to be true compared to other banks and looked out for any hidden fees or technicalities that cancelled out the advantages they promised. So far, there seems to be no catch at all! I love that ...Show More
HN
Haley N.
Dec 16, 2021
May or may not recommend
I did not have a bad experience with this company but it was not extensive.
ET
El T.
Sep 1, 2021
May or may not recommend
I'm glad I contacted CIT Bank Savings Builder Savings Accounts that helped me out with something that is extremely important to me.
Maci B.
Jul 14, 2021
May or may not recommend
I had a great experience with them their customer service is amazing and I will be using them again in the future .
Sydjanai
Jul 3, 2021
May or may not recommend
As a young college student with limited and sensitive funds, I really appreciate the security of this account program. Your savings are insured, with no monthly maintenance fee, and additional bonuses offered to customers. My experience has been very easy and professional. I am also pleased with CIT Bank's high yields, low account creation minimums, which combine to offer really great increase of savings with little effort.
FJ
Felicial J.
May 20, 2021
May or may not recommend
I would say they are the best so far I've come across interm of yield. No hidden charges or cost of maintenance.
Anthony C.
Mar 15, 2021
May or may not recommend
This bank offers one of the highest yields and the best news in that you do not even have to have a big balance to get started saving today! I love the fact that my money is insured and available for me to withdraw at a moments notice with this bank.
WS
Warda S.
Feb 24, 2021
May or may not recommend
They have best customer service and quality benefits for their customers. They do not charge monthly maintenance fee. I would recommend this saving account for their professionalism and the extra side bonuses they are offered to their customers. When you sign up they give you extra bonus which is a plus.
Ralph B.
Jan 11, 2021
May or may not recommend
CIT Bank savings builder is my favorite bank! I have been with them for five years now, and I can confidently say that their financial services are top-notch.
They do not charge monthly maintenance fees, suggest the best rates on savings products. You can also get sign up bonuses too! They're honestly the best, and I would recommend them!
KD
Kevin D.
Jan 7, 2021
May or may not recommend
I loved spending my time with CIT Bank due to their professionalism and their excellent customer service. I felt like this bank was so much easier since most of the fees were free to us and they also added some bonuses to help us out even more. I totally would recommend to anyone who is curious is building their account here.
AB
Ashley B.
Nov 29, 2020
May or may not recommend
I've always saved money using my normal account. That meant zero interest. I came across CIT Bank Savings Builder and it's being fabulous! I save my money with a very high interest rate. Most fees are free and I also get to see my progress and oversee my accounts with different features made available by the company. Their customer service is also wonderful. Topnotch diversity and expertise! It's the best!
GI
Garbriele I.
Nov 25, 2020
May or may not recommend
What attracted me to open a savings account with CID bank was the starting up bonus. I was a bit sceptical at first but then I thought what do I have to lose? You really can’t go wrong with a 0.5% interest rate!! Nonetheless I received my starting up bonus and I was thrilled. I’m glad that my money is in safe hands and I’m generating a small income from ...Show More
MR
Madison R.
Nov 6, 2020
May or may not recommend
I have been very pleased with CIT Bank. It is one of the 10 different online banks I've banked with for the last 6 years. The CIT Bank are pretty much now the only banks I deal with online and I have since dropped the other 9 banks. CIT Bank offer among the highest available interest rates from banks that are sizable enough for me to feel safe with, ...Show More
ST
Samuel T.
Nov 3, 2020
May or may not recommend
One of the few reasons why I like CIT Bank Savings Builder is that they do not charge a monthly maintenance fee. You get a $300 sign up bonus on deposit of $50,000 and above. The bank has a lot of advantages that will appeal to anyone. Topnotch customer support service, ATM reimbursement and so much more. They also offer fraud monitoring; you get notified when your ATM is used ...Show More
SF
Scarlet F.
Oct 25, 2020
May or may not recommend
Great prices (about 1/4 of what my bank charges) but even more importantly, fantastic service. After an delivery issue after the cheques were shipped, they were super helpful in sorting it out. Really beyond what you normally get from online services. :):)
ST
Sarah T.
Oct 19, 2020
May or may not recommend
This bank is ideal for people looking for a full-service online bank, with a wide network of no-fee ATMs and some access to physical branches. People looking for the highest available rates on savings products can patronize the bank.
KA
Kimberley A.
Oct 16, 2020
May or may not recommend
Easy to operate and navigate. Trying to retain my APY has really been helpful in meeting my savings target. No service fees for funding and maintaining my account but would prefer if I got my deposit alerts much earlier.
Ridwan H.
Oct 9, 2020
May or may not recommend
Their financial service is super secured. Imagine getting notifications and flags for purchasing items that the company seems to high of value through your account. I really, love it, though the first time I experienced that I was pissed but when I contacted their representative, it was mind blowing knowing that the feature is Fraud Detection. Knowing my hard earned money is safe is more satisfying.
Showing 20 of 22 reviews
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