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CIT Bank Savings Connect

in Savings Accounts from CIT Bank · fdic

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CIT Bank Savings Connect

Claimed Promo Offer Available!

in Savings Accounts from CIT Bank · Member FDIC

SuperMoney Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

12 users recommend
0 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Monthly Fee $0
APY (Annual Percentage Yield) 0.42% - 0.5%
APY Minimum Balance N/A
Number of Reviews 12

CIT Bank Savings Connect Review

CIT Bank Savings Connect is offered by CIT Bank, a bank founded in 1908 and based in Salt Lake City, UT. CIT Bank Savings Connect is available in 50 states (and Washington, DC).

Key Takeaways
  • Higher than average APY. CIT Bank Savings Connect has an annual percentage yield of up to 0.5%, which is higher than the national average interest rate on savings accounts.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Bill pay. Pay your bills to practically anyone in the United States through CIT Bank.
CIT Bank Savings Connect Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • 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 Savings Connect FAQ

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 Connect doesn't offer a signup bonus.

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

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

What APY does CIT Bank offer?

CIT Bank Savings Connect offers an APY starting at 0.42% and ranging up to 0.5% (APY stands for annual percentage yield, rates may change).

What fees does CIT Bank Savings Connect charge?

CIT Bank Savings Connect 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 Savings Connect charge overdraft fees?

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

CIT Bank Savings Connect 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 Savings Connect offer?

This savings account includes the following features:

  • Fraud monitoring - CIT Bank Savings Connect 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 Connect 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 Connect?

In most cases, the answer is yes. 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 Connect?

The customer support email for CIT Bank Savings Connect is custserv@cit.com.

How do people rate the customer service and user experience of CIT Bank Savings Connect?

Overall, CIT Bank Savings Connect 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.

Contact

Promotional Offers

Special Offers

Boost your savings by linking to a CIT eChecking account.

Open a Savings Connect account with a linked eChecking account and make a minimum $200 electronic monthly deposit into your eChecking account to increase your APY to 0.50%.

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

Availability

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

Feature Breakdown

Minimum Opening Deposit $100
Early Account Closure $0
Monthly Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Overdraft Item Fee $30
Overdraft Protection Fee (per transfer) $5
Returned Deposit Fee (Domestic) $10
Wire Transfer Fee - Domestic (Outgoing) $10
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) 0.42% - 0.5%

CIT Bank Savings Connect Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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