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CIT Bank Platinum Savings: Earn Up to Expired

4.85% APY*
+52 Deal Score
88,526 Views
CIT Bank our partner, offers the following benefits with their Platinum Savings account.

Thanks Staff Member EfficientGame645 for sharing this deal
  • Must have a minimum daily balance of $5000 to earn 4.85% APY
  • No account opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • FDIC insured
  • *See site for details
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Created 05-09-2023 at 09:02 AM by EfficientGame645 | Staff
in Personal Finance (6)
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Deal
Score +52
88,526 Views
4.85% APY*

274 Comments

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I don't think CIT has anything to do with Citibank.
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All fdic insured bank has a 250k protection from the federal government.
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You can do this with treasurydirect.gov or a brokerage site like schwab, fidelity, or vanguard etc. They are federally taxed but not state. The latest 4 week t-bill was almost 6%
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Joined Sep 2005
L5: Journeyman
> bubble2 963 Posts
131 Reputation
Strength
05-09-2023 at 10:17 AM.
05-09-2023 at 10:17 AM.
Quote from Threemonthtresuries :
5.28% tax free 3 month treasuries
Is there an easy website you recommend to do this?
-dad with new baby with no time, thanks!
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Joined May 2017
New User
> bubble2 35 Posts
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python5
05-09-2023 at 10:43 AM.
05-09-2023 at 10:43 AM.
Quote from Strength :
Is there an easy website you recommend to do this?
-dad with new baby with no time, thanks!
You can do this with treasurydirect.gov or a brokerage site like schwab, fidelity, or vanguard etc. They are federally taxed but not state. The latest 4 week t-bill was almost 6%
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Joined Jun 2014
L2: Beginner
> bubble2 51 Posts
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dragon17
05-09-2023 at 10:48 AM.
05-09-2023 at 10:48 AM.
Quote from python5 :
You can do this with treasurydirect.gov or a brokerage site like schwab, fidelity, or vanguard etc. They are federally taxed but not state. The latest 4 week t-bill was almost 6%

High short term rates because of looming debt ceiling fiasco. Buyer beware.
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Joined Oct 2019
L3: Novice
> bubble2 158 Posts
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Saphronz
05-09-2023 at 10:53 AM.
05-09-2023 at 10:53 AM.
If I currently have a Platinum Saving do I get the update 4.85APR rate?
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Joined Aug 2006
L2: Beginner
> bubble2 44 Posts
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seatopen
05-09-2023 at 10:54 AM.
05-09-2023 at 10:54 AM.
[QUOTE=dragon17;163390331]High short term rates because of looming debt ceiling fiasco. Buyer beware.

What happens if the government don't raise the debt ceiling? Will buying t-bills lost the interest or would you lose your capital? If capital is lost, is it temporary or lost forever?
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Joined Aug 2015
TwinDad
> bubble2 87 Posts
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Happinessofpursuit
05-09-2023 at 11:02 AM.
05-09-2023 at 11:02 AM.
Quote from python5 :
You can do this with treasurydirect.gov or a brokerage site like schwab, fidelity, or vanguard etc. They are federally taxed but not state. The latest 4 week t-bill was almost 6%
i was just researching this. if one was to buy t-bill through fidelity, e.g. buying a zero coupon bond at a discount, would i incur capital gain (fed & state taxable)? or is this still state and local tax free?
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