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High Interest Savings Account – CIT Bank Review


Savings Builder account

Are you looking for a savings account that will give you a good return?

Get to know the savings bank account of CIT Bank. A smart way for families to build a more secure financial future.

In this test, we will examine the features, benefits and functions of this savings account. Read through to the end so that you receive our recommendation.

This post may contain affiliate links. Please read the full disclosure here.

Ok, let's start.

Why open a savings account?

Savings are super important. Not only does this give you peace of mind that the unexpected is happening, it's also a hub for your money to sit and grow as you work towards your goals:

  • Save for your child's education
  • Building savings for the down payment of a house or car
  • Establishment of an emergency savings account
  • Save for retirement
  • And more!

Savings are so important, but according to a recent CNBC article 65% of Americans save little to nothing.

What happens if the water heater in your house breaks?

You get into a car accident and have to pay the car insurance deductible?

Or do you need to get an emergency root canal (four digits, easy)?

These are everyday things that happen to everyone. And when they do, you don't want to get in trouble and wonder how you're going to get the money.

Therefore you should save!

And with so many savings, there's really no reason why you shouldn't be. Every little bit helps and a little effort can go a long way.

Are these ideas of interest to you?

More money saving ideas You can start implementing today.


The pillow app fights bank charges from your accounts

What is important in a savings account?

What functions do you need to consider after saving in a savings account?

You might think that all savings accounts are created the same way, but they are not.

You should look at things like interest, fees, policies, and more to see if the savings account is right for you and your family.

This article reviews the account of the CIT Bank Savings Builder. Read on to find out if it suits you.

What is the CIT Bank Savings Builder account?

The goal of the CIT Bank savings account is to help you save more and earn more with your savings account.

Check out the functions::

  • Earn one of the highest interest rates in the country – 23 times the national average2
  • Receive an interest rate of 2.078% from the day the account is opened until the first valuation day
  • Continue to earn up to 2.10% APY by:
    • Maintain a balance of $ 25,000 or more
    • At least a monthly deposit of $ 100 or more
  • No maintenance fees
  • No account opening fees
  • Daily compound interest to maximize your earning potential
  • Maximum limit of six transactions per instruction cycle3rd
  • Transfer checks remotely and transfer using the CIT Bank mobile app

They appreciate that you worked hard for your money, so they want to work hard for you and offer all of these benefits so you can increase your money.

They believe that a savings account is the right choice for your savings goals, whatever they may be.

CIT Bank login

Getting started is easier than ever with the three-step account opening process:

Step 1: Enter your details

Here you enter your personal data such as name, address, telephone number, email address and social security number.

Step 2: transfer your account

In this step, you fund your account by depositing at least $ 100 to open the account.

There are several ways to fund the savings account, including:

  • Electronic transmission
  • Bank Transfer
  • Send check

Step 3: done!

All done! Receive your confirmation email and you're good to go!

CIT bank locations

CIT Bank is one of the top 50 banks that serve consumers virtually.

There is no flexibility other than convenient online banking from home.

  • Log in to check your balance
  • Manage all of your accounts from your computer
  • Work with CIT bank representatives to answer your questions

CIT Bank has a lot of helpful resources to help you manage your finances with ease.

Online banking

Convenient online banking at your fingertips that lets you view and download bank statements, create bank reports, receive and manage account alerts, send secure messages, and more.

Mobile phone, cellphone

A user-friendly mobile app that lets you manage your money on the go. It is available on Google Play and the Apple App Store.


Access a large selection of calculators to support savings, retirement and debt management.


CIT Bank is a cell partner, meaning that you can send and receive money with the cell app without any problems.

Plus additional resources to help you improve your financial health and make smart money decisions.

CIT Bank Promo Code

If you are looking for CIT Bank promo codesThere are several available to help you accomplish multiple tasks, from opening a high-interest savings account to purchasing over 2% APY on a high-interest savings account for savings banks.

Interest rates and fees

CIT Bank's savings bank account offers an interest rate of up to 2.10% APY with a minimum balance of $ 25,000 or $ 100 monthly deposit.

You have an easy-to-understand 3-tier setup for interest:

Basic level

The base level has the lowest minimum credit requirement below $ 25,000. It offers an interest rate of 1.22% * APY and 0.995% **.

Upper level

This level also has a minimum credit requirement below $ 25,000, but with a monthly deposit of $ 100 or more (equalization requirement). It has an interest rate of 2.10% *** APY and 2.078%.

Upper level

This last level applies to $ 25,000 and above and offers an APY of 2.10% and an interest rate of 2.078%.

See this page Learn more about interest rates and fees.

* APY assumes that the account will be opened on the 15th day of the month and that no qualified deposits of USD 100 will be made after opening the account. The actual APY may be larger or smaller depending on the date you opened your account.

** The interest rate is 2.078% during the introductory phase and then 0.995% afterwards.

*** APY assumes that additional qualified deposits will be made in each evaluation period.

CD prices

If you are looking for a CDThe CIT Bank has a variety of options to choose from.

CDs have:

  • NO account opening fees
  • NO maintenance fees
  • Daily compound interest
  • FDIC insured

Opening a CD is the same process as opening a savings account released above.

The minimum amount to fund a CD is $ 1,000.

Depending on the term, the CD rates for term CDs are between 0.72% and 1.95%, 6 months to 18 months.

They also offer: No penalty 11-month CDs, Jumbo CDs, and RampUp CDs.

Curious about your interest and growth with a CD?

Check out CD calculator from CIT Bank.

CIT Bank money market

CIT Bank money market accounts Offer 1.85% APY with a minimum deposit of USD 100.

Opening a money market account is easy and you will go through the simple three-step process and top up your account with a minimum of $ 100.

Enjoy benefits like:

  • Earn 20 times more than the national average
  • 24/7 secure online banking
  • No monthly service fees
  • Quick and easy access to your money
  • Among other advantages

Final thoughts on the CIT Bank Savings Builder account

Our recommendation is that the CIT Bank savings account is one of the best savings accounts on the market.

If you are looking for a simple and flexible banking solution with attractive, competitive rates and low fees, this savings account is for you!

Let your money work for you and enjoy more security in banking with CIT Bank!

What do you think of the functions and advantages of the savings bank account of CIT Bank?

Would you like to top up your savings account? This CIT bank review shows you how to increase your income almost passively!



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