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CIT Bank: Open a Premier High Yield Savings Account- Get 1.30% APY + $100 Cash Bonus

+4 Deal Score
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CIT Bank offers 1.30% APY on balances up to $100,000. They also offer a $100 cash bonus when you open a Premier High Yield Savings Account and meet the following requirements.
  • Account must be opened with Promotional Code "PREMIER" by September 8, 2017
  • Account must be funded within 30 days of account opening
  • Funds used to qualify for bonus must be new funds, not already or recently on deposit with CIT Bank or OneWest Bank
  • Must maintain a minimum $15,000 monthly balance for the first 3 full monthly statement cycles.

Premier High Yield Savings Account
  • $100 Minimum Opening Deposit
  • No Fees to Open or Maintain
  • Daily Compounding Interest
  • 24/7 Secure Online Banking
  • US-based Customer Service
  • FDIC Insured

Account Balance Tiers TOTAL Balance APY*

$0 - $100,000- 1.30%
$100,000.01 and more- 1.25%

*Interest will be 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.


Limit one Premier High Yield Savings account bonus offer per customer. If multiple accounts are opened by a customer, only one account will be eligible for the bonus.
Customers who received a CIT Bank bonus payment or enrolled in another CIT Bank bonus offer between January 1, 2017 and July 14, 2017 (regardless of whether the bonus has yet been paid) are not eligible for this Premier High Yield Savings account bonus of
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20 Comments

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This comment has been rated as unhelpful by Slickdeals users
Joined Nov 2013
万卷古今,一朝昏
3,846 Posts
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#2
Poor customer service and ugly web interface.
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Joined Jan 2006
L7: Teacher
2,804 Posts
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#3
Why do you need customer service? Who cares what the web interface looks like when they are paying 1.3% interest?
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Joined Oct 2016
L2: Beginner
46 Posts
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#4
And remember they are Chex sensitive..
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Joined Sep 2008
L5: Journeyman
784 Posts
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#5
Stay away
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Joined Sep 2009
L7: Teacher
2,134 Posts
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#6
Quote from BeanMeScot
:
Why do you need customer service? Who cares what the web interface looks like when they are paying 1.3% interest?
Customer service is pretty important in the world of banking IMO. Say if you accidentally inquired a banking fee for whatever reason, good customer service will make an exception and waive it for you.
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Joined Jan 2006
L7: Teacher
2,804 Posts
424 Reputation
#7
Y'all are sure being coy. I never use customer service. I move my money in, collect interest, and when I find another place that offers higher interest, I move there. This isn't a checking account. Just saving account.
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Joined Nov 2016
L2: Beginner
78 Posts
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#8
I agree with others on customer service. If you want an account like this, I'd recommend using it as a second bank account, then the customer service doesn't matter as much.

I'd also prefer a higher APY with a lower limit, especially for a second account. 1.3% on up to $100,000 makes this harder to benefit from unless you keep a lot in that account.
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Joined Sep 2015
L4: Apprentice
309 Posts
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#9
These savings account deals always sound pretty good, but they're really not.

If you actually have $15,000 to park in a savings account for 3 months you could probably just invest it in literally anything else.

The $100 bonus after 3 months is an *annual* rate of return of 2.7%. Divide by 4 for actual return over 3 months.

It's not bad, but it's hardly worth writing about. Bank bonus that don't require such large deposits are the way to go.
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Joined Feb 2011
L8: Grand Teacher
3,282 Posts
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#10
hard pull to open?
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Joined Jul 2006
L10: Grand Master
6,454 Posts
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#11
Quote from erictom
:
hard pull to open?
That's what she said
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Joined Feb 2011
L8: Grand Teacher
3,282 Posts
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#12
Quote from bigbearballs
:
That's what she said
could someone confirm?
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Joined Dec 2006
L6: Expert
1,936 Posts
267 Reputation
#13
What a pain to open. After all the extra info they asked I get this....

We've received your application, but need some additional information to confirm your identity. A CIT Bank representative will be in touch by email or phone within the next 1-3 business days. Thank you for your patience.

EDIT: applied with promo on the 31st of Aug.....finally got my account opened on the Sept 20th. took some calls and email follow up for "verification" but it's done. Now i got five days to get the 15k min to get the bonus....talk about cutting it close....
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Last edited by akoforever22 September 25, 2017 at 04:25 PM.
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Joined Dec 2008
L3: Novice
286 Posts
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#14
Quote from youhsf12
:
These savings account deals always sound pretty good, but they're really not.

If you actually have $15,000 to park in a savings account for 3 months you could probably just invest it in literally anything else.

The $100 bonus after 3 months is an *annual* rate of return of 2.7%. Divide by 4 for actual return over 3 months.

It's not bad, but it's hardly worth writing about. Bank bonus that don't require such large deposits are the way to go.
Emergency fund
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Joined Feb 2011
L8: Grand Teacher
3,282 Posts
75 Reputation
#15
can not login in, is this bank reliable?
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