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CIT Bank Platinum Savings: Earn Up to Expired

5.00% APY*
+161 Deal Score
438,990 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
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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
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Created 07-27-2023 at 09:27 AM by EfficientGame645
in Financial Tools & Services (6) CIT Bank
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Deal
Score +161
438,990 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.

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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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.
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You have more issues than just missing out on $10k!
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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 Dec 2004
L4: Apprentice
> bubble2 412 Posts
236 Reputation
Pro
spacemidget
06-08-2024 at 12:17 PM.
06-08-2024 at 12:17 PM.
Quote from Punishark View quoted comment :
How far into "trying" did you go? I set up a transfer for a few days out, clicked transfer, then another screen popped up saying it wasn't complete and another green "Submit Transfer" button appeared. I backed out after that, because I'm actually ok leaving it in CIT Bank.

And another question - do I need to leave it in for a while (CD-like) to get the increased rate? Thanks in advance.
All I did was try a regular transfer and clicked the "transfer" button. This normally pops up asking you to confirm but instead it gave me the offer.
Reply
Joined Feb 2007
L2: Beginner
> bubble2 61 Posts
30 Reputation
Punishark
06-08-2024 at 12:50 PM.
06-08-2024 at 12:50 PM.
Quote from spacemidget View quoted comment :
All I did was try a regular transfer and clicked the "transfer" button. This normally pops up asking you to confirm but instead it gave me the offer.
I'm not getting the same results, unfortunately. I'm just getting this -

"Your new transfer has not yet been submitted. Please verify your transfer information below and click "Submit Transfer" to authorize this transfer. If you want to make a change before submitting your new transfer, click "Edit." Or click "Cancel" to cancel the transfer." with a green "Submit Transfer" button on the bottom.
Reply
Joined May 2014
New User
> bubble2 12 Posts
leeh8543
06-09-2024 at 09:55 AM.
06-09-2024 at 09:55 AM.
Quote from Punishark View quoted comment :
I'm not getting the same results, unfortunately. I'm just getting this -

"Your new transfer has not yet been submitted. Please verify your transfer information below and click "Submit Transfer" to authorize this transfer. If you want to make a change before submitting your new transfer, click "Edit." Or click "Cancel" to cancel the transfer." with a green "Submit Transfer" button on the bottom.
I did what you did, I scheduled. for the transfer and didn't see it. So I hit do it immediately and then it worked Hope it helps you.
Reply
Joined Feb 2007
L2: Beginner
> bubble2 61 Posts
30 Reputation
Punishark
06-09-2024 at 11:43 AM.
06-09-2024 at 11:43 AM.
Quote from leeh8543 View quoted comment :
I did what you did, I scheduled. for the transfer and didn't see it. So I hit do it immediately and then it worked Hope it helps you.
I guess third time's a charm. Just tried again and got the rate bump!
Reply
Joined Dec 2004
L4: Apprentice
> bubble2 412 Posts
236 Reputation
Pro
spacemidget
06-09-2024 at 12:05 PM.
06-09-2024 at 12:05 PM.
Quote from Punishark View quoted comment :
I guess third time's a charm. Just tried again and got the rate bump!
Does it show the new rate under your account details? Mine still has the old rate.
Reply
Joined Feb 2007
L2: Beginner
> bubble2 61 Posts
30 Reputation
Punishark
06-09-2024 at 12:22 PM.
06-09-2024 at 12:22 PM.
Quote from spacemidget View quoted comment :
Does it show the new rate under your account details? Mine still has the old rate.

Not yet. I figure give it a day or so.
Reply
Joined Mar 2007
L5: Journeyman
> bubble2 692 Posts
234 Reputation
Trav06
06-09-2024 at 01:36 PM.
06-09-2024 at 01:36 PM.
I can't even open one of these accounts and I don't know why. I have good credit, etc. Called support and they saw that I had applied but had no insight on why I wasn't getting approved. Oh well...
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Joined Nov 2011
L3: Novice
> bubble2 316 Posts
34 Reputation
Wingy291
06-10-2024 at 12:27 PM.
06-10-2024 at 12:27 PM.
And no monthly direct deposit minimums?!?!?!?!!!
Reply
Joined Feb 2007
L2: Beginner
> bubble2 61 Posts
30 Reputation
Punishark
06-12-2024 at 08:54 PM.
06-12-2024 at 08:54 PM.
Quote from spacemidget View quoted comment :
Does it show the new rate under your account details? Mine still has the old rate.
Updated rate FINALLY showed up under account details. 4.975% APR
Reply
Last edited by Punishark June 12, 2024 at 09:53 PM.
Joined Oct 2023
New User
> bubble2 1 Posts
10 Reputation
LovelyMammoth9569
06-13-2024 at 05:59 AM.
06-13-2024 at 05:59 AM.
Quote from spacemidget View quoted comment :
All I did was try a regular transfer and clicked the "transfer" button. This normally pops up asking you to confirm but instead it gave me the offer.
I got this too, but I had to try and transfer out $100k. $20k didn't activate it for me, but I have the account maxed out at FDIC limits. It has to look like you are moving out a large chunk of your money I assume, not just moving a small amount to pay a bill / downpayment / etc.
Reply
Joined Jul 2010
L6: Expert
> bubble2 1,240 Posts
78 Reputation
lenser
06-14-2024 at 06:33 AM.
06-14-2024 at 06:33 AM.
Quote from gr8nrg View quoted comment :
Many better banks currently have higher APY. Forbright, for example has 5.3%. UFB Direct 5.25%
Any experience with Forbight?
Reply
Joined Apr 2019
L5: Journeyman
> bubble2 626 Posts
76 Reputation
Min13
06-17-2024 at 02:09 AM.
06-17-2024 at 02:09 AM.
Quote from lenser View quoted comment :
Any experience with Forbight?
A few banks have 5.5. Not sure the reviews on them. Would need to investigate
Reply
Joined Dec 2020
L3: Novice
> bubble2 296 Posts
phoshizzlez
06-17-2024 at 01:25 PM.
06-17-2024 at 01:25 PM.
Is the promo rate popup showing up in the app or website when trying to initiate a transfer?
Reply
Joined Nov 2016
L3: Novice
> bubble2 123 Posts
40 Reputation
WannaB3R4cer
06-18-2024 at 05:32 AM.
06-18-2024 at 05:32 AM.
Quote from phoshizzlez View quoted comment :
Is the promo rate popup showing up in the app or website when trying to initiate a transfer?

It worked for me in the website. Didn't try it in the app
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Joined Dec 2020
L3: Novice
> bubble2 296 Posts
phoshizzlez
06-18-2024 at 06:04 AM.
06-18-2024 at 06:04 AM.
Quote from WannaB3R4cer View quoted comment :
It worked for me in the website. Didn't try it in the app

Ok. Thanks. Tried on the site and it popped up for me.
Reply
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