Frontpage Deal

CIT Bank Savings Builder Account: Earn

2.30% APY
w/ $100/mo Deposit or $25k Balance
+216 Deal Score
349,740 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
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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/
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Deal
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+216
349,740 Views
2.30% APY

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This comment has been rated as unhelpful by Slickdeals users
Joined Nov 2013
sckcnt
387 Posts
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#61
People complain they will keep your money hostage or having issues transferring money out. I will suggest to use your other bank to start the ACH transfer instead of using CIT for large amount of money. I puked all my cash through Barclays and had no issues. I used CIT for their initial savings accounts, went to Barclays and now I am back to this CIT Savings builder.
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Joined Nov 2015
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#62
Discover saving 2.1%. Probably stick to it now. They adjust rates when it increase without me doing anything.
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Joined Apr 2017
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#63
Quote from SlicksterDealer
:
Yes, CIT opens a new type of account with a better interest rate about every year and starts dropping the interest rates on their existing accounts. So watch the interest rate like a hawk and cancel the account when they start playing their games. Or just refuse to open an account with them ever again (is the path I am choosing).
This is so true. I had savings with them for just about a year and had to go through three different account changes to maintain a market interest rate.
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Joined Jun 2007
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#64
Dang I just signed up with All America Bank aka Redneck 5 months ago. It maybe time to switch again.
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Joined Jul 2017
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#65
Current yield on vanguard prime money market is 2.45% as well cost is 0.16%. rate fluctuates with fed rate. no hoops to jump through with rate changes.
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Joined Dec 2010
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#66
Quote from plusring
:
The ACH limit needs to be considered if you need to move the money out (e.g., an emergency).

I opened a Memory Bank account recently (2.4% APY), not knowing that there is a $2,000 ACH limit, and $10,000 ACH per month limit. Mad

That is a big issue for me. CIT actually has NO limits on ACH transfers, per day or per month. I'm all in!
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#67
To get the latest interest rate simply invest in Treasury bills, period. It's not that much work and gets you 2.4% (and climbing) last I checked.
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Joined Dec 2010
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#68
Quote from gddo
:
That is a big issue for me. CIT actually has NO limits on ACH transfers, per day or per month. I'm all in!
Can confirm. I opened a CIT Bank account a year ago to make an emergency savings account (finally) and have been moving money in and out to help pay for my daughter's college. Never run into an issue ACHing, except that it takes the full 3-5 business days to move. If you can handle that, then go for it.

I've also had no issues with their website or the app on my phone.

I am disappointed that I'll need to close and then open a new account to take advantage of this though. I have a vacation savings account through Alliant Credit Union and they keep bumping up the interest rate with no action needed from me. If CIT Bank did that, then they'd be close to perfect.
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Joined Jun 2009
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#69
Looks good.. Merging all to CIT..
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#70
Quote from gddo
:
That is a big issue for me. CIT actually has NO limits on ACH transfers, per day or per month. I'm all in!
What if you close the account? (extreme emergency when you need lot of money)
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#71
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Joined May 2004
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#72
same issue with capital 360...they have new offers in new bank account types and they wont inform or automatically upgrade u. u r stuck with old rate, unless u ask for it and upgrade to new kind of account.
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#73
PNC is offering 2.35%. I've been pleased with the experience.(FYI some states not eligible) Time to move out of Dollar Direct. They used to be good at upping their rates to match other banks but they have yet to come up on their 1.85%
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#74
We're sorry, but this product currently is not available in your area.
Quote from rockmo
:
PNC is offering 2.35%. I've been pleased with the experience.(FYI some states not eligible) Time to move out of Dollar Direct. They used to be good at upping their rates to match other banks but they have yet to come up on their 1.85%
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#75
Quote from thamizhan420
:
Are these available only for citizens and green card holders? What about people on Visa? Their online application seems to have options only for the above 2 sections of people
A large majority of financial institutions don't want to take that risk since they don't invest enough in risk management. Visa holders need to carefully weed out those and apply for the ones that take that risk. E.g Alliant and Capital One
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