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CIT Bank Platinum Savings: Earn Up to

5.05% APY*
+115 Deal Score
232,826 Views
Update: This deal is still available.

CIT Bank our partner, offers the following benefits with their Platinum Savings account.
  • Must have a minimum daily balance of $5000 to earn 5.05% APY
  • No account opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • FDIC insured
  • *See site for details
Slickdeals may be compensated by CIT Bank

Original Post

Written by
Edited July 27, 2023 at 07:11 PM by
CIT Bank our partner, offers the following benefits with their Platinum Savings account.
  • Must have a minimum daily balance of $5000 to earn 5.05% APY
  • No account opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • FDIC insured
  • *See site for details
Slickdeals may be compensated by CIT Bank
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Deal
Score
+115
232,826 Views
5.05% APY*

Community Wiki

Last Edited by hmrambling December 3, 2023 at 05:35 PM
Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance.


APYs — Annual Percentage Yields are accurate as of July 27, 2023:

0.25% APY on balances of $0.01 to $4,999.99;

5.05% APY on balances of $5,000.00 or more.


Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.

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Featured Comments

I've been banking with them for nearly 5 years. No issues. My only issue is that their phone app is severely limited & kind of sucks. Other than that, if you send money, it arrives quickly & interest rates automatically raise without having to contact them. They seem to stay pretty competitive when it comes to the highest interest rate. I really like them & trust them with my money.

UPDATE: As of 06 NOV 23, the app on Android has been updated and reflects a top tier online banking experience. Very happy with the improvements that have been made.
You have more issues than just missing out on $10k!
Bigger-risk banks with worse policies and usually onerous requirements for the rate. Go with this one.

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Joined Jan 2009
L9: Master
> bubble2 4,784 Posts
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bigballs
07-27-2023 at 07:06 PM.
07-27-2023 at 07:06 PM.
Does the interest go up automatically for current account holders?
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Joined Nov 2006
L5: Journeyman
> bubble2 639 Posts
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JSP0421
07-27-2023 at 07:11 PM.
07-27-2023 at 07:11 PM.
Has anybody banked with them before? I was just looking at them over the weekend but don't know anyone that uses them.
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Joined Jul 2023
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CoralIdea2897
07-27-2023 at 07:17 PM.
07-27-2023 at 07:17 PM.
Weird, I wasn't logged in.
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Joined Dec 2008
L4: Apprentice
> bubble2 331 Posts
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Dominican1NYC
07-27-2023 at 07:19 PM.

Our community has rated this post as helpful. If you agree, why not thank Dominican1NYC

07-27-2023 at 07:19 PM.
Quote from JSP0421 :
Has anybody banked with them before? I was just looking at them over the weekend but don't know anyone that uses them.
I've been banking with them for nearly 5 years. No issues. My only issue is that their phone app is severely limited & kind of sucks. Other than that, if you send money, it arrives quickly & interest rates automatically raise without having to contact them. They seem to stay pretty competitive when it comes to the highest interest rate. I really like them & trust them with my money.

UPDATE: As of 06 NOV 23, the app on Android has been updated and reflects a top tier online banking experience. Very happy with the improvements that have been made.
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Last edited by Dominican1NYC November 6, 2023 at 07:25 AM.
Joined Dec 2008
L4: Apprentice
> bubble2 331 Posts
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Dominican1NYC
07-27-2023 at 07:20 PM.

Our community has rated this post as helpful. If you agree, why not thank Dominican1NYC

07-27-2023 at 07:20 PM.
Quote from bigballs :
Does the interest go up automatically for current account holders?
Yes, it does.
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Joined Aug 2018
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> bubble2 72 Posts
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HackrDeals
07-27-2023 at 07:34 PM.
07-27-2023 at 07:34 PM.
Quote from WiseAppliance910 :
Not that slick.
There are other banks offering 5.20+ apy

I'm thinking of doing this. Which banks offer 5.20+?
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Joined Jul 2007
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> bubble2 1,041 Posts
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greymoose
07-27-2023 at 07:40 PM.
07-27-2023 at 07:40 PM.
I just checked the details on my Platinum Savings and mine still says 4.832%. I wonder when it will update.
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Joined Mar 2009
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st_group
07-27-2023 at 08:03 PM.

Our community has rated this post as helpful. If you agree, why not thank st_group

07-27-2023 at 08:03 PM.
Quote from JSP0421 :
Has anybody banked with them before? I was just looking at them over the weekend but don't know anyone that uses them.
Have been banking with them for many years. No issues, fast transfers, can manage everything online including closing accounts. Only negative is that their phone support sucks since they encourage online banking only, and they keep adding new account types with higher rates, and you have to open an account and transfer money to new account (which is pretty painless and done within minutes online)
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Joined Aug 2005
Cyberpunk
> bubble2 6,342 Posts
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amax
07-27-2023 at 08:04 PM.
07-27-2023 at 08:04 PM.
Quote from HackrDeals :
I'm thinking of doing this. Which banks offer 5.20+?
Bigger-risk banks with worse policies and usually onerous requirements for the rate. Go with this one.
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