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.
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
I think it depends on your amount. I'm at $250k. So I'll make around $2,500 more a year by moving my money.
Upgrade offering the same rate I think. How does CIT compare? And does anyone know if they let you add beneficiaries/ joint owner?
Yes they do. I had a no penalty CD with them, and my wife was on it too. They are paying 4.9% now I withdrew it and put it into a local bank at 5 1/4% for 12 months. I never put a large amount into one CD, I always split it up. They don't care how many you have if I need five or $10,000 cash it's not a big hit as compared to a 50 or $100,000 CD.
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.
POS website doesn't load consistently, then rejected application despite exceptional credit rating (could be due to multiple attempts at completing application across different browsers)..
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?
Just call and chat and they'll move you into the newer (higher) rate account.
Fidelity is better than Etrade unless you like getting the matured T-Bill $$$ 16+ hours after you get it at Fidelity.
We have been with them for years and they have paid us to put accounts there. Currently we are getting 3.85% interest in the bank account for unused funds. i don't know what Fidelity gets?
Add a Deal Alert for CIT Bank savings and get notified of deals like this in the future.
Deal Alert CreatedVisit 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 SentWe 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.
273 Comments
Your comment cannot be blank.
Featured Comments
Sign up for a Slickdeals account to remove this ad.
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
Yes. You're right. I saw the updated rate on the website too... Earlier it used to read 4.64 something and now it reads 4.735
Yes they do. I had a no penalty CD with them, and my wife was on it too. They are paying 4.9% now I withdrew it and put it into a local bank at 5 1/4% for 12 months. I never put a large amount into one CD, I always split it up. They don't care how many you have if I need five or $10,000 cash it's not a big hit as compared to a 50 or $100,000 CD.
The Venn diagram of banker jokes, puns, and fans of Maylene and the Sons of Disaster could quite possibly be literally one: me.
-dad with new baby with no time, thanks!
Correct. I did the same thing. They were pleasant and easy to work with on the phone as well.
Sign up for a Slickdeals account to remove this ad.
No it's not, it's a division of FCB. A division is not a separate entity.
Waste of time for me unfortunately...
Our community has rated this post as helpful. If you agree, why not thank tunabreath
FZDXX is a mutual fund, not FDIC insured and it has fees associated with it (see expense ratio).
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?
Sign up for a Slickdeals account to remove this ad.