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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 02:36 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 10:27 AM
by EfficientGame645
in
Financial Tools & Services
(6)
CIT Bank
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View AllCommunity Wiki
Last Edited by Punishark
September 3, 2024
at
11:45 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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What sort of return do you get on USFR's?
Just want to make sure before I dump a large sum in here.
Just want to make sure before I dump a large sum in here.
They'll be accessible in 2weeks after transfer. You'll see your overall balance and then usable balance. If you set up direct deposit then it's accessible right away. But if you're sending it from 1 bank to CIT then it's locked or on a hold for 2weeks
No real issues though - I only joined so my money would be a little more difficult to access so I went impulsively spend it from my main bank account.
I believe your money starts earning interest once the transfer shows up in your CIT account.
I believe your money starts earning interest once the transfer shows up in your CIT account.
It's a great account for high interest and that's about where the greatness ends. The tolerable things are subpar are the case sensitive usernames, the terrible integration with some finance dashboards that consolidate your accounts, the slow money moves, and the only way to get anything done is with secure messages which take time with back and forths. For me, the rates outweigh the negatives.
If anyone knows of another high rate bank with very high or no limits on ETF transfers, please let me know.
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for example try raisin.com
https://www.fnbodirect.
They have been my bank of choice for many years.
To me, all these bank teaser rates are full of shit. My advice is use the stock market and if you don't believe in the market, invest in funds such as TMCXX. This is a start for anyone who wants to start investing in the stock market... index funds or a specific stock.
There are other banks offering 5.20+ apy
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To me, all these bank teaser rates are full of shit. My advice is use the stock market and if you don't believe in the market, invest in funds such as TMCXX. This is a start for anyone who wants to start investing in the stock market... index funds or a specific stock.