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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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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Current APY
5.00%
Current Interest Rate
4.879%
Interest Rate Increase
0.096%
New Interest Rate
4.975%
New APY
5.10%
Effective Date
06/18/2024
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Look how much money you can move a month out of that account. CIT is VERY rare in that the monthly withdrawal cap is massive. Some people are putting the FDIC limit into these banks $250k in cash. Most banks with high APY will only let you withdrawal like 10k-30k in cash a month. Your money would be held hostage for over a year. 😬😳
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I had a relatively similar issue. I was inputing my username wrong so I kept failing the log in. I thought ok I'll reset the password, but I kept inputing wrong username for the password reset so it kept prompting a phone I didn't not recognize. I was worried because I thought someone else had access to my account. I called CS and they went through security process. Then they told me I was inputting the wrong username when trying to reset password. So I asked why did it prompt to send a code to a phone I didn't recognize or register? And they said that number that popped up was made up by the system itself. It didn't belong to anyone. However if I Inputted my correct username for my password reset. It would give me my actual number. It was very confusing, but they walked me through it and resolved it. That's how I figured out that weird phone number mix up.
thank you. did just that and it worked perfectly
Go with Vanguard Vusxx it keeps it in government obligations and at the end of the year it posts a percentage that usually around 90% that you don't have to pay state taxes on and it pays a higher rate. the sheet doesn't put the ticker symbol but the full name that's the only thing I don't like on it but it's better savings they've been paying 5.41% compounded for like over a year compared to this trash.
Thank you so much. I just tried it and it worked.
At first I tried to transfer out 10k, nothing happened. I clicked cancel. Then tried again with 50k and they offered me a rate bump for 12 months resulting in 5.1% APY
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Current APY
5.00%
Current Interest Rate
4.879%
Interest Rate Increase
0.096%
New Interest Rate
4.975%
New APY
5.10%
Effective Date
06/18/2024
I just did it exactly like you and it worked like a charm, thank you so much ☺️