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  CIT Savings Builder

CIT Savings Builder

in Savings Accounts from CIT Bank

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CIT Savings Builder

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in Savings Accounts from CIT Bank

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Highlights
Highlights
APY (Annual Percentage Yield) 1.26% - 2.3%
APY Minimum Balance $1
Monthly Fee $0

CIT Savings Builder Review

CIT Savings Builder is offered by CIT Bank, a bank founded in 2000 and based in Salt Lake City, UT. CIT 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.

What APY does CIT Bank offer?

CIT Savings Builder offers an APY starting at 1.26% and ranging up to 2.3% (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 Savings Builder offer?

This account includes the following features:

CIT Savings Builder Features
Description
Bank Account Features
  • Bauer Financial A+/A Rating
  • FDIC Member
  • Fraud Monitoring
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No Monthly Maintenance Fee
  • Online-Only Account
  • Fraud monitoring - CIT 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.
  • Nationwide ATM network - Withdraw money and check your balance from wherever you are.

What fees does CIT Savings Builder charge?

CIT 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.
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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. 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
  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 $1
Minimum Initial Deposit $100
Monthly Fee $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
  • Bauer Financial A+/A Rating
  • FDIC Member
  • Fraud Monitoring
  • Interest Bearing Account
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No Monthly Maintenance Fee
  • Online-Only Account
APY (Annual Percentage Yield) 1.26% - 2.3%

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3 Reviews

CIT Bank Savings Accounts

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APY (Annual Percentage Yield)

APY Minimum Balance

Monthly Fee

CIT Bank Savings Builder

CIT Bank Savings Builder

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APY (Annual Percentage Yield) 1.26% - 2.3%     0% 6%
APY Minimum Balance $25,000 APY Minimum Balance
Monthly Fee $0 Monthly Fee
CIT Bank Premier High Yield Savings Account
APY (Annual Percentage Yield) 1.55% APY (Annual Percentage Yield)
APY Minimum Balance $0 APY Minimum Balance
Monthly Fee $0 Monthly Fee