Frontpage Deal

CIT Bank Savings Builder Account: Earn

2.30% APY
w/ $100/mo Deposit or $25k Balance
+200 Deal Score
288,675 Views
Update: This very popular deal is still available.

CIT Bank is offering their Savings Builder Account with 2.40% APY -> now 2.30% APY when you make a qualifying $100+ deposit every month or maintain a $25,000+ balance. Thanks bairdnco24

Note: The minimum to open a account is $100.

Details:
  • Get 2.30% APY from the day the account is opened through the first Evaluation Day
  • Continue earning 2.30% APY by:
    • Maintaining a balance of $25,000 or more
    • OR
    • Making at least one monthly deposit of $100 or more (Initial $100 deposit does not qualify)
  • There are no opening, monthly servicing, online transfer or incoming wire fees
  • Daily compounding interest to maximize your earning potential
  • Member FDIC
Share
Good deal?
You gave thanks to bairdnco24 for this post.
Thank you!
bairdnco24 posted this deal. Say thanks!

Original Post

Written by
Edited January 28, 2019 at 09:59 AM by
2.45% APR if $25,000 balance or monthly deposits of $100 or more.

https://www.cit.com/cit-bank/bank...r-account/
Add Comment
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+200
288,675 Views
2.30% APY

689 Comments

1 2 3 4 5

Sign up for a Slickdeals account to remove this ad.

This comment has been rated as unhelpful by Slickdeals users
Joined Sep 2012
L3: Novice
194 Posts
34 Reputation
#16
Might move my money to CIT after I get the bonus from Ally.

Thoughts on CIT bank?
Reply Helpful Comment? 1 1
This comment has been rated as unhelpful by Slickdeals users
Joined Sep 2007
L6: Expert
1,137 Posts
417 Reputation
Our community has rated this post as helpful. If you agree, why not thank ?
#17
Quote from saghey
:
Might move my money to CIT after I get the bonus from Ally.

Thoughts on CIT bank?
go ahead and move to whoever you want, but keep Ally. Ally has by far the easiest ACH transfers going. I use Ally as an intermediate to transfer between banks with higher interest.

For instance, VIO Bank is at 2.35% but has ridiculously low ACH transfer limits. However, by initiating a pull at Ally I was able to easily transfer $92K overnight out of VIO. Just be careful as some odd banks, like Dollar Savings Direct, restrict even ACH pulls initiated from other banks.

Check with CIT, but they are a big bank so I suspect their ACH limits won't be horrible....but keep Ally as your "home base". Not to mention Ally has great customer service.
Reply Helpful Comment? 26 1
This comment has been rated as unhelpful by Slickdeals users
Joined Sep 2012
L3: Novice
194 Posts
34 Reputation
#18
Quote from ECartman
:
go ahead and move to whoever you want, but keep Ally. Ally has by far the easiest ACH transfers going. I use Ally as an intermediate to transfer between banks with higher interest.

For instance, VIO Bank is at 2.35% but has ridiculously low ACH transfer limits. However, by initiating a pull at Ally I was able to easily transfer $92K overnight out of VIO. Just be careful as some odd banks, like Dollar Savings Direct, restrict even ACH pulls initiated from other banks.

Check with CIT, but they are a big bank so I suspect their ACH limits won't be horrible....but keep Ally as your "home base". Not to mention Ally has great customer service.
Yeah I was going to keep the account open. I still have Discover Savings after moving to Ally.
Reply Helpful Comment? 1 0
This comment has been rated as unhelpful by Slickdeals users
Joined Mar 2013
L5: Journeyman
725 Posts
264 Reputation
Pro
Our community has rated this post as helpful. If you agree, why not thank ?
#19
They're offering a higher rate probably because they've already adjusted to the Fed's rate increase from a few weeks ago. Other banks will follow shortly as well. If you already have your money in a high-yield savings account that earns 2%+, wait a month or two. No reason to switch to this.
Reply Helpful Comment? 58 5
Last edited by giantbruin January 4, 2019 at 09:22 AM.
This comment has been rated as unhelpful by Slickdeals users
Joined May 2006
L5: Journeyman
579 Posts
728 Reputation
Our community has rated this post as helpful. If you agree, why not thank ?
#20
FWIW, I have been keeping my cash in Vanguard's Prime Money Market Fund (VMMXX), currently at 2.46% compound yield. While not FDIC insured, this is Vanguard, so the risk is very low. If Vanguard goes, then we are all in very big trouble!

I have found that VMMXX responds very quickly to the Fed, while savings accounts like Discover take longer to adjust.

See here for more info:

https://investor.vanguard.com/mut...file/VMMXX
Reply Helpful Comment? 21 1
This comment has been rated as unhelpful by Slickdeals users Show Post
HIDDEN
01-04-2019 at 09:12 AM
This comment has been rated as unhelpful by Slickdeals users
This comment has been rated as unhelpful by Slickdeals users
Joined Apr 2008
L6: Expert
1,193 Posts
633 Reputation
#22
Quote from godfather927
:
The upcoming Robinhood Checking accounts are going to be offering 3% on any balances with them. There's a fairly long wait list however, so not sure how long it would take if you signed up now before being able to begin earning interest at that rate.
What banks is this? How do I get on the waiting list?
Reply Helpful Comment? 1 1

Sign up for a Slickdeals account to remove this ad.

This comment has been rated as unhelpful by Slickdeals users
Joined Sep 2008
L6: Expert
1,921 Posts
301 Reputation
#23
Quote from godfather927
:
The upcoming Robinhood Checking accounts are going to be offering 3% on any balances with them. There's a fairly long wait list however, so not sure how long it would take if you signed up now before being able to begin earning interest at that rate.
Quote from Greygooser
:
What banks is this? How do I get on the waiting list?
No this is not happening, check the news, they pulled this offer completely.
Reply Helpful Comment? 14 0
This comment has been rated as unhelpful by Slickdeals users
Joined Oct 2007
Foxiest of the Hounds
13,147 Posts
399 Reputation
#24
Quote from Greygooser
:
What banks is this? How do I get on the waiting list?
Quote from karazi
:
No this is not happening, check the news, they pulled this offer completely.
Apologies, it seems I was out of the loop on this and it looks like they are not offering this after all.

https://www.marketwatch.com/story...2018-12-31

That's unfortunate.
Reply Helpful Comment? 6 0
This comment has been rated as unhelpful by Slickdeals users
Joined Mar 2007
L8: Grand Teacher
3,414 Posts
1,230 Reputation
#25
Quote from godfather927
:
The upcoming Robinhood Checking accounts are going to be offering 3% on any balances with them. There's a fairly long wait list however, so not sure how long it would take if you signed up now before being able to begin earning interest at that rate.

It was pulled because they were claiming the accounts were SIPC insured but they hadn't bothered to check with SIPC to see if that was legal. It wasn't. :-)


The whole affair has been a huge embarrassment for Robinhood, which has had a good reputation on the cheap/free stock trading front.
Reply Helpful Comment? 9 0
This comment has been rated as unhelpful by Slickdeals users Show Post
HIDDEN
01-04-2019 at 09:40 AM
This comment has been rated as unhelpful by Slickdeals users
This comment has been rated as unhelpful by Slickdeals users
Joined Nov 2006
L10: Grand Master
6,012 Posts
707 Reputation
#27
this is CIT bank lol not CITI
Reply Helpful Comment? 5 2
This comment has been rated as unhelpful by Slickdeals users Show Post
HIDDEN
01-04-2019 at 09:56 AM
This comment has been rated as unhelpful by Slickdeals users
This comment has been rated as unhelpful by Slickdeals users
Joined Jan 2018
L6: Expert
1,427 Posts
300 Reputation
Pro
#29
Quote from smay2121
:
I just happened to look at this yesterday...
Merchant is rated an 'F' by the BBB.
https://www.bbb.org/us/ut/salt-la...6-13001677
BBB is P4P. You have to pay to get an 'A' rating. If paid, they'll give an 'A' rating to anyone. I ignore all BBB ratings.

https://abcnews.go.com/Blotter/business-bureau-best-ratings-money-buy/story?id=12123843
Reply Helpful Comment? 11 2

Sign up for a Slickdeals account to remove this ad.

This comment has been rated as unhelpful by Slickdeals users
Joined Sep 2005
L6: Expert
1,961 Posts
530 Reputation
#30
Anybody knows whether the new CIT a/c opening involves hard credit pull?

TIA
Reply Helpful Comment? 1 1
Page 2 of 46
1 2 3 4 5
Join the Conversation
Add a Comment
 
Copyright 1999 - 2019. Slickdeals, LLC. All Rights Reserved. Copyright / Infringement Policy  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)  •  Interest-Based Ads
Link Copied to Clipboard