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CIT Bank Platinum Savings: Earn Up to Expired
5.00% APY*
Update: This deal is still available.
CIT Bank our partner, offers the following benefits with their Platinum Savings account.
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
Original Post
Written by
Edited September 17, 2024
at 01:36 PM
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
Created 07-27-2023
at 09:27 AM
by EfficientGame645
in
Financial Tools & Services
(6)
CIT Bank
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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.
This post can be edited by most users to provide up-to-date information about developments of this thread based on user responses, and user findings. Feel free to add, change or remove information shown here as it becomes available. This includes new coupons, rebates, ideas, thread summary, and similar items.
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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.
This post can be edited by most users to provide up-to-date information about developments of this thread based on user responses, and user findings. Feel free to add, change or remove information shown here as it becomes available. This includes new coupons, rebates, ideas, thread summary, and similar items.
Once a Thread Wiki is added to a thread, "Create Wiki" button will disappear. If you would like to learn more about Thread Wiki feature, click here.
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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.
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Our community has rated this post as helpful. If you agree, why not thank NoSleep007
I never understood why some banks can do a large ach transfer limit while others can't.
My question is why does CITBank requires $5000 for this savings account? While other banks that have 5% don't.
(that's non APY)...
And yes - it updated automatically - I just checked...
For basic savings for $$$ stored for paying bills and such though Bill Pay, so far so good for a bank with basic features. Their web site is beyond basic, but it does what it needs to do...
(that's non APY)...
And yes - it updated automatically - I just checked...
For basic savings for $$$ stored for paying bills and such though Bill Pay, so far so good for a bank with basic features. Their web site is beyond basic, but it does what it needs to do...
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APY: 5.316%
Interest rate: 5.180%
https://www.ivybank.com/savings
High-Yield Savings
Our High-Yield Savings Account1, 2 offers you our best rate to bring you the highest return on your savings.
Nationally competitive rate
$2,500 minimum opening balance
$2,500 minimum balance to earn disclosed APY
FDIC Insured3
I just make sure I schedule all payments 1 week ahead of due date and have no concerns (yet)... but still monitoring things as I'm just 3 months as a new customer...
It's nice having the funds I allocated to bill pay to be making a decent interest rate...
Obviously transferring funds from CIT savings to CIT checking is immediate for that monthly transfer for bill pay stuff. (thus keep as much of your funds in savings until needed)
Our community has rated this post as helpful. If you agree, why not thank ChronoTriggered
APY: 5.316%
Interest rate: 5.180%
https://www.ivybank.com/savings
High-Yield Savings
Our High-Yield Savings Account1, 2 offers you our best rate to bring you the highest return on your savings.
Nationally competitive rate
$2,500 minimum opening balance
$2,500 minimum balance to earn disclosed APY
FDIC Insured3
Says 4.8% now
- Regular term CDs
- No-penalty CDs
- Ramp-up CD
- Various savings and money market accounts
All of these products have differences besides the interest rates. You will need to select which one meets your savings goals and needs.For ACH transfers you will need to understand the requirements and limitations. CIT is fairly flexible, however, your primary bank may have restrictions.
Our community has rated this post as helpful. If you agree, why not thank CoronaKid
There are other banks offering 5.20+ apy
The reason he makes this statement without listing the banks is because he knows we'll tear those banks to shreds. A lot of those banks pull you in and then gradually reduce rates or make it very hard to move money around. Cit bank offers a consistently high rate and it's very easy to set up. Anybody that says it's hard to set up must've struggled in kindergarten.
You sound like a rep for SoFi. I'd say CIT bank is even easier to open up than SoFi. It's also at 4.40% which is significantly lower. I guess it's to pay for all those commercials.
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