Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Sorry, this deal has expired. Get notified of deals like this in the future. Add Deal Alert for this Item
Frontpage

CIT Bank Platinum Savings: Earn Up to Expired

4.85% APY*
+51 Deal Score
93,062 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
  • Deal Image
Deal Image
See Deal

Original Post

Written by
Edited June 16, 2023 at 09:39 AM by
Add Comment
Reply
Created 05-09-2023 at 09:02 AM by EfficientGame645
in Personal Finance (6) CIT Bank
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.

Check Out Similar Personal Finance Deals

View All
Popular
Nooydio 100 Envelopes Money Saving Challenge Book (Red or Violet) from $4.75 w/ S&S + Free Shipping w/ Prime or on $35+
7 3
Costco - Gold Canadian Maple Leaf 1oz Coin - $3409.99$3409.99
2 20
Southwest Rapid Rewards® Plus & Priority Credit Cards: Earn 100k Bonus Points w/ $4k Spend in First 5 Months
1 1
Chase High School Checking℠: $125 When You Open a New Account and Complete 10 Qualifying Transactions
3 1
Popular
Eligible PayPal Accounts: Earn $20 By Making A Purchase Of $25+ With PayPal Debit Mastercard
10 5
Frontpage
PayPal.com
Select PayPal Accounts: Earn $10 on your 1st Google purchase of $3+
Earn 1K Points ($10 Value)
(Valid thru 8/25)
120 162
Deal
Score +51
93,062 Views
4.85% APY*

273 Comments

View Forum Thread
12345

Your comment cannot be blank.

Featured Comments

I don't think CIT has anything to do with Citibank.
·
All fdic insured bank has a 250k protection from the federal government.
·
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%
·

Sign up for a Slickdeals account to remove this ad.

Joined Sep 2005
L6: Expert
> bubble2 1,047 Posts
152 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!
3
Reply
Joined May 2017
New User
> bubble2 38 Posts
34 Reputation
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%
1
Reply
Joined Jun 2014
L2: Beginner
> bubble2 90 Posts
26 Reputation
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.
1
8
Reply
Joined Oct 2019
L3: Novice
> bubble2 174 Posts
22 Reputation
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?
1
Reply
Joined Aug 2006
L2: Beginner
> bubble2 45 Posts
22 Reputation
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?
2
Reply
Joined Aug 2015
TwinDad
> bubble2 112 Posts
25 Reputation
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?
2
Reply
Joined May 2017
New User
> bubble2 38 Posts
34 Reputation
python5
05-09-2023 at 11:08 AM.
05-09-2023 at 11:08 AM.
[quote="seatopen;163390460"]
Quote from dragon17 :
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?
Previous outcomes dont mean this will be this outcome. During last debt ceiling there was specific legislation t-bills would be repaid.
1
Reply

Sign up for a Slickdeals account to remove this ad.

This comment has been rated as unhelpful by Slickdeals users

Show Comment
HIDDENCl4wHammer05-09-2023 at 11:09 AM.
Joined Dec 2007
L2: Beginner
> bubble2 44 Posts
14 Reputation
Xerxi
05-09-2023 at 11:37 AM.

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

05-09-2023 at 11:37 AM.
Quote from Cl4wHammer :
Id be careful with ANY bank below $100 Billion in deposits. Anything below that doesnt require stress Tests mandated by the Fed. Do with that info what you wish

All fdic insured bank has a 250k protection from the federal government.
1
1
1
Reply
Joined Dec 2011
L6: Expert
> bubble2 1,074 Posts
53 Reputation
shaolinwookie
05-09-2023 at 12:47 PM.
05-09-2023 at 12:47 PM.
im with ufb direct now, wish this was the rate before or i wouldve rather be with cit
Reply
Joined Feb 2018
L6: Expert
> bubble2 1,031 Posts
75 Reputation
n00n3
05-09-2023 at 01:34 PM.
05-09-2023 at 01:34 PM.
Quote from dragon17 :
High short term rates because of looming debt ceiling fiasco. Buyer beware.

If we have a debt fiasco, there will be other things you'll be worrying about besides just finances.
3
Reply
Joined Aug 2005
Cyberpunk
> bubble2 6,894 Posts
1,369 Reputation
Pro
amax
05-09-2023 at 01:40 PM.
05-09-2023 at 01:40 PM.
Quote from Threemonthtresuries :
5.28% tax free 3 month treasuries
Dumb oversimplification. Still subject to the significantly more impactful Federal taxes.
2
Reply
Joined Sep 2011
There Is Always Hope
> bubble2 15,433 Posts
27,540 Reputation
Pro
Deal Hunter
Eragorn | Staff
05-09-2023 at 02:06 PM.
05-09-2023 at 02:06 PM.
I currently have some money in a CIT Platinum Savings account with an "Interest Rate:
4.641%" that was via the last deal... do I need to set up a new account and then transfer the money from that account to this one for the extra 0.20% savings then?
Reply
Page 1 of 19
12345
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.

Sorry, this deal has expired.

Deal Alerts

Add a Deal Alert for CIT Bank savings and get notified of deals like this in the future.
Deal Alert Created Visit your Deal Alerts page to view your new alert.
Activate Your Account Your account needs to be activated to add Deal Alerts.
Click the link in the activation email you received when you signed up, and we'll add
this Deal Alert to your account.
Email Sent We resent your account activation email to
Turn on Deal Alert Email Notifications Your Deal Alert email notification setting is turned off.
Turn it back on to add this Deal Alert.