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CIT Bank Platinum Savings: Earn Up to Expired

5.00% APY*
+161 Deal Score
421,538 Views
Update: This deal is still available.

CIT Bank our partner, offers the following benefits with their Platinum Savings account.
  • Must have a minimum daily balance of $5000 to earn 5.05% -> now 5.00% 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

Original Post

Written by
Edited September 17, 2024 at 01:36 PM 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
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+161
421,538 Views
5.00% APY*

Community Wiki

Last Edited by Punishark September 3, 2024 at 10:45 AM
Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance.


APYs — Annual Percentage Yields are accurate as of September 3, 2024:

0.25% APY on balances of $0.01 to $4,999.99;

5.00% APY on balances of $5,000.00 or more.


Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.

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I've been banking with them for nearly 5 years. No major problems. My only issue is that their phone app is severely limited & kind of sucks. Other than that, if you send money, it arrives quickly & interest rates automatically raise without having to contact them. They seem to stay pretty competitive when it comes to the highest interest rate. I really like them & trust them with my money.

UPDATE: As of 06 NOV 23, the app on Android has been updated and reflects a top tier online banking experience. Very happy with the improvements that have been made.
You have more issues than just missing out on $10k!
Have been banking with them for many years. No issues, fast transfers, can manage everything online including closing accounts. Only negative is that their phone support sucks since they encourage online banking only, and they keep adding new account types with higher rates, and you have to open an account and transfer money to new account (which is pretty painless and done within minutes online)

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Joined Jan 2009
L9: Master
> bubble2 4,949 Posts
574 Reputation
bigballs
07-27-2023 at 07:06 PM.
07-27-2023 at 07:06 PM.
Does the interest go up automatically for current account holders?
Reply
Joined Nov 2006
L5: Journeyman
> bubble2 642 Posts
169 Reputation
JSP0421
07-27-2023 at 07:11 PM.
07-27-2023 at 07:11 PM.
Has anybody banked with them before? I was just looking at them over the weekend but don't know anyone that uses them.
2
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Joined Jul 2023
New User
> bubble2 1 Posts
10 Reputation
CoralIdea2897
07-27-2023 at 07:17 PM.
07-27-2023 at 07:17 PM.
Weird, I wasn't logged in.
5
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Joined Dec 2008
L4: Apprentice
> bubble2 357 Posts
79 Reputation
Dominican1NYC
07-27-2023 at 07:19 PM.

Our community has rated this post as helpful. If you agree, why not thank Dominican1NYC

07-27-2023 at 07:19 PM.
Quote from JSP0421 :
Has anybody banked with them before? I was just looking at them over the weekend but don't know anyone that uses them.
I've been banking with them for nearly 5 years. No major problems. My only issue is that their phone app is severely limited & kind of sucks. Other than that, if you send money, it arrives quickly & interest rates automatically raise without having to contact them. They seem to stay pretty competitive when it comes to the highest interest rate. I really like them & trust them with my money.

UPDATE: As of 06 NOV 23, the app on Android has been updated and reflects a top tier online banking experience. Very happy with the improvements that have been made.
9
1
6
Reply
Last edited by Dominican1NYC June 5, 2024 at 06:00 AM.
Joined Dec 2008
L4: Apprentice
> bubble2 357 Posts
79 Reputation
Dominican1NYC
07-27-2023 at 07:20 PM.

Our community has rated this post as helpful. If you agree, why not thank Dominican1NYC

07-27-2023 at 07:20 PM.
Quote from bigballs :
Does the interest go up automatically for current account holders?
Yes, it does.
2
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Joined Aug 2018
L2: Beginner
> bubble2 75 Posts
237 Reputation
HackrDeals
07-27-2023 at 07:34 PM.
07-27-2023 at 07:34 PM.
Quote from WiseAppliance910 :
Not that slick.
There are other banks offering 5.20+ apy

I'm thinking of doing this. Which banks offer 5.20+?
Reply
Joined Jul 2007
Explorer
> bubble2 1,131 Posts
666 Reputation
greymoose
07-27-2023 at 07:40 PM.
07-27-2023 at 07:40 PM.
I just checked the details on my Platinum Savings and mine still says 4.832%. I wonder when it will update.
Reply
Joined Mar 2009
L3: Novice
> bubble2 145 Posts
29 Reputation
st_group
07-27-2023 at 08:03 PM.

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

07-27-2023 at 08:03 PM.
Quote from JSP0421 :
Has anybody banked with them before? I was just looking at them over the weekend but don't know anyone that uses them.
Have been banking with them for many years. No issues, fast transfers, can manage everything online including closing accounts. Only negative is that their phone support sucks since they encourage online banking only, and they keep adding new account types with higher rates, and you have to open an account and transfer money to new account (which is pretty painless and done within minutes online)
3
1
1
Reply
Joined Aug 2005
Cyberpunk
> bubble2 6,758 Posts
1,307 Reputation
amax
07-27-2023 at 08:04 PM.
07-27-2023 at 08:04 PM.
Quote from HackrDeals :
I'm thinking of doing this. Which banks offer 5.20+?
Bigger-risk banks with worse policies and usually onerous requirements for the rate. Go with this one.
10
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