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CIT Bank Platinum Savings: Earn Up to Expired

4.85% APY*
+51 Deal Score
92,564 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
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Original Post

Written by
Edited June 16, 2023 at 09:39 AM by
CIT Bank our partner, offers the following benefits with their Platinum Savings account.
  • 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
Slickdeals may be compensated by CIT Bank
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Created 05-09-2023 at 09:02 AM by EfficientGame645
in Personal Finance (6) CIT Bank
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Score +51
92,564 Views
4.85% APY*

273 Comments

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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.
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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 Jul 2009
L4: Apprentice
> bubble2 448 Posts
38 Reputation
LiBingBing
05-12-2023 at 05:34 AM.
05-12-2023 at 05:34 AM.
Quote from cameraguy916 :
I am getting 5.15% with Marcus by Goldman Sachs - you just need someone to refer you. I referred my wife and my parents, and now they are all getting 5.15% as well.
never mind
Reply
Joined Dec 2011
L6: Expert
> bubble2 1,054 Posts
53 Reputation
shaolinwookie
05-12-2023 at 05:59 AM.
05-12-2023 at 05:59 AM.
Quote from vrcsu :
They rejected me and my wife during application opening process! We both have 800+ credit score! I never got rejected by any bank in the past!
ive learned that a bank will reject you even if you dont owe any bank or have a good credit score. i had a bank account for less than a year and apparantly that flagged me on some systems, i gotr denied by capitol one and a local bank recently
1
Reply
Joined Dec 2011
L6: Expert
> bubble2 1,054 Posts
53 Reputation
shaolinwookie
05-12-2023 at 06:00 AM.
05-12-2023 at 06:00 AM.
maybe UFB direct will increase their rate soon
Reply
Joined Aug 2012
L5: Journeyman
> bubble2 939 Posts
119 Reputation
DealsofDeals
05-12-2023 at 06:15 AM.
05-12-2023 at 06:15 AM.
Quote from mozmoz1 :
I have American Express savings. Their interest is only 3.65, so ill be moving my money to CIT. Also, they don't have an APP for savings account. Otherwise no issues.

I am on same thought but reading the comments I am still thinking for 1 % more should i risk to move or stay on Amex

Also prior Amex saving was the most high paying or atleast comptetive with other saving accounts but look at them today they are way low compared to their peers
Reply
Joined Aug 2021
Sith Lord
> bubble2 195 Posts
62 Reputation
SithLord2021
05-12-2023 at 06:50 AM.
05-12-2023 at 06:50 AM.
I can't seem to get to the actual product page. Browser shows a blank page when I click on the savings account product page.

Seems like a CIT bank website problem.
Reply
Last edited by SithLord2021 May 12, 2023 at 11:41 AM.
Joined Mar 2023
New User
> bubble2 4 Posts
10 Reputation
CoralGame3435
05-12-2023 at 10:20 AM.
05-12-2023 at 10:20 AM.
That's an awful rate, you can easily get a 12 month CD from Fidelity brokered CDs with yield of 5.15%
5
Reply
Joined Nov 2011
L10: Grand Master
> bubble2 8,533 Posts
569 Reputation
iBoo
05-12-2023 at 10:26 AM.
05-12-2023 at 10:26 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

Where can we check the current status of each banks current deposit?
Reply

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Joined Dec 2014
L3: Novice
> bubble2 523 Posts
274 Reputation
wnpstm85
05-12-2023 at 11:53 AM.
05-12-2023 at 11:53 AM.
Quote from partyman66 :
Tons of bad reviews on them though from what I saw after doing some digging. CITBank is at least a part of CITIBank, so they are more likely to be reputable.

Cit is part of bank that bought Silicon Valley bank. First citizen bank I believe
Reply
Joined Dec 2014
L3: Novice
> bubble2 523 Posts
274 Reputation
wnpstm85
05-12-2023 at 11:54 AM.
05-12-2023 at 11:54 AM.
Quote from boohoo :
is this as easy as marcus when linking accounts?

No need routing and account number with micro deposits
Reply
Joined Dec 2014
L3: Novice
> bubble2 523 Posts
274 Reputation
wnpstm85
05-12-2023 at 11:57 AM.
05-12-2023 at 11:57 AM.
Quote from pizzatown :
What's the withdrawal limit?

I've moved 50k no problem
Reply
Joined Dec 2014
L3: Novice
> bubble2 523 Posts
274 Reputation
wnpstm85
05-12-2023 at 12:01 PM.
05-12-2023 at 12:01 PM.
Quote from Cl4wHammer :
They are separate entities.

From website from fdic insurance perspective this isn't true. IMO FDIC opinion is the important one.

CIT Bank is a division of First-Citizens Bank & Trust Company, a member of the Federal Deposit Insurance Corporation (FDIC), which means your deposit accounts are insured up to $250,000 per depositor, for each account ownership category. Deposits held under the names First Citizens Bank & Trust Company and CIT Bank are not separately insured but must be combined for purposes of determining whether a depositor has exceeded the federal insurance deposit limit
Reply
Joined Aug 2008
L3: Novice
> bubble2 194 Posts
76 Reputation
squishymax
05-12-2023 at 03:22 PM.
05-12-2023 at 03:22 PM.
So why not just do fidelity ticker fzdxx it has a 7 day average of 4.88% seems simpler but am I missing something?
Reply
Joined Sep 2014
L5: Journeyman
> bubble2 648 Posts
260 Reputation
sharkna80
05-12-2023 at 03:30 PM.
05-12-2023 at 03:30 PM.
Everybody worried about the US debt like its their junkie friend who cant seem to hold a job down and hasn't saved a penny. US has never defaulted and won't because the repercussions are severe and unknown. Nobody wants that. Politicians use this as a bargaining chip and a deal will be made in the 11th hour. If you're worried the t-bills will be worthless, don't be.
Reply
Joined Feb 2015
L4: Apprentice
> bubble2 302 Posts
30 Reputation
mozmoz1
05-12-2023 at 03:53 PM.
05-12-2023 at 03:53 PM.
Just opened an account, waiting on them to verify my connecting account.
Reply

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Joined Aug 2017
New User
> bubble2 10 Posts
10 Reputation
phamacom80
05-12-2023 at 04:25 PM.
05-12-2023 at 04:25 PM.
Quote from Strength :
Is there an easy website you recommend to do this?
-dad with new baby with no time, thanks!

It was never that high. What date?
Reply
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