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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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Was not aware that all CMA features are available in Brokerage account.
Looks like the only advantage of CMA is ATM fee reimbursement. Funny how Fidelity reps could not articulate that years ago when I inquired about differences of accounts. Have been using CMA + Brokerage for a long time now.
Will have to shuffle things around a bit to optimize my setup. I was using CMA as a hub but now knowing this I can move everything to Brokerage and only use CMA for cash withdrawals with debit card. I wonder if cash needs to be settled to withdraw, i.e. can I just transfer from Brokerage to CMA while at the ATM and withdraw?
You don't need to do that . On any cashiers it auto liquidates the amount needed. Fidelity also has a Reddit board and they have answered this in that board as well
If you already have SPAXX in your CMA, than it will automatically convert to cash when you use your debit card, this one of the few funds on Fidelity that can do this. If you have cash as well in your CMA than Fidelity will use that first.
Neve heard of Fierce, sounds like a cash account.
https://www.viobank.com/cornersto...et-savings
- Convenience of opening online
- Interest is compounded daily, growing your money fast
- Your money is FDIC insured up to $250,0003
- Only $100 minimum to open
- No monthly fee
I do not have an account at Vio Bank.
There are so many choices for us to make, and too many factors that go into our choice.
Personally, I own t-bills. The last 2 purchases had implied interest rates around 5.5% (17-week duration). I live in Maryland, which has a state income tax and calculated what the equivalent CD/savings rate would be. The equivalent rate would be around 6%. In other words a savings account or CD would have to earn 0.5% higher to have the same after tax return as a t-bill.
Also, VUSXX would have a similar advantage as it invests mostly in state tax exempt bonds or bills. I own VUSXX, which I use for quick cash access. Recently I moved money from VUSXX at Vanguard to my checking at Fidelity. The money showed up in checking in less than 2 days.
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First Citizens Bank
https://newsroom.firstc
Nov 14, 2022 — This conversion integrates CIT Bank branch customer accounts into First Citizens ... Because we respect your right to privacy, you can choose not ...
I can't add this to my citizens bank access
You get the rates as long you keep $5,000 or higher. If you have 4999.99 you'll get the lower rate
https://www.viobank.com/cornersto...et-savings
- Convenience of opening online
- Interest is compounded daily, growing your money fast
- Your money is FDIC insured up to $250,0003
- Only $100 minimum to open
- No monthly fee
I do not have an account at Vio Bank.
There are so many choices for us to make, and too many factors that go into our choice.
Personally, I own t-bills. The last 2 purchases had implied interest rates around 5.5% (17-week duration). I live in Maryland, which has a state income tax and calculated what the equivalent CD/savings rate would be. The equivalent rate would be around 6%. In other words a savings account or CD would have to earn 0.5% higher to have the same after tax return as a t-bill.
Also, VUSXX would have a similar advantage as it invests mostly in state tax exempt bonds or bills. I own VUSXX, which I use for quick cash access. Recently I moved money from VUSXX at Vanguard to my checking at Fidelity. The money showed up in checking in less than 2 days.
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Some are offering questionable teaser rates, they'll say 5.5% but in the fine print it says the real rate is 5% but they'll give you an extra .5% for the first month