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CIT Bank Platinum Savings: Earn Up to $300 Bonus After Deposit Transfer Requirements Expired

+34 Deal Score
110,012 Views
CIT Bank our partner, offers the following benefits with their Platinum Savings account. Use promo code PS2025.

New Customers: Deposit Transfer Requirements:
  • Transfer a one-time deposit of $25,000 -$49,999.99 for a Bonus of $225
  • Transfer a one-time deposit of $50,000+ for a Bonus of $300
  • Terms:
    • Promo Code: Account must be opened with a valid Promo Code within the Promotion Period.
    • Funding Period: 30 days from the account open date
    • Bonus fulfillment: 60-days from the funding date.
Details:
  • Must have a minimum daily balance of $5000 to earn 4.10% 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

Original Post

Written by
Edited May 29, 2025 at 10:28 AM by
CIT Bank our partner, offers the following benefits with their Platinum Savings account. Use promo code PS2025.

New Customers: Deposit Transfer Requirements:
  • Transfer a one-time deposit of $25,000 -$49,999.99 for a Bonus of $225
  • Transfer a one-time deposit of $50,000+ for a Bonus of $300
  • Terms:
    • Promo Code: Account must be opened with a valid Promo Code within the Promotion Period.
    • Funding Period: 30 days from the account open date
    • Bonus fulfillment: 60-days from the funding date.
Details:
  • Must have a minimum daily balance of $5000 to earn 4.10% 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
Created 02-27-2025 at 10:19 AM by EfficientGame645
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177 Comments

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Featured Comments

Big initial deposit required, but banks paying 4.3% on savings typically do not pay sign-up bonuses. Getting both a good rate and SUB is nice, and unusual.

No direct deposit games - nice. Finally, a bank that doesn't care where the money comes from.

The risk here is that you have to keep $5k in for 60-90 days to get the 4.3%, but CIT can lower the rate in that timeframe. However, CIT has historically had good rates on this account for quite a while - not at the very top of what is available, but certainly within shooting distance of the top. I would expect them to remain competitive.
Live with parents.
No avocado toast. Saving for home, etc

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Joined Oct 2004
Cracker
> bubble2 4,220 Posts
1,003 Reputation
beggerking
03-07-2025 at 10:40 AM.
03-07-2025 at 10:40 AM.
been with CIT for about 1.5 years. good rate and their transfer is fast and easy for house purchases. great bank
Reply
Joined Nov 2011
L2: Beginner
> bubble2 32 Posts
18 Reputation
chrismtb
03-07-2025 at 10:44 AM.
03-07-2025 at 10:44 AM.
This one is $300 for only $20k deposit, 4.2% interest right now. You need to keep the money in for 60 days.
https://www.doctorofcredit.com/li...ngs-bonus/
Reply
Joined Jul 2009
L1: Genius
> bubble2 534 Posts
110 Reputation
D3als0nWh33ls
03-07-2025 at 06:44 PM.
03-07-2025 at 06:44 PM.
Quote from MusicShark :
How do you have $50,000+ available without doing shady things in this world?

No avocado toast. Saving for home, etc
2
1
Reply
Joined Sep 2005
Traveler
> bubble2 1,088 Posts
254 Reputation
merlinx
03-07-2025 at 08:01 PM.
03-07-2025 at 08:01 PM.
Quote from MusicShark :
How do you have $50,000+ available without doing shady things in this world?

Uhh.. Define Shady Wink
1
Reply
Joined Aug 2011
L1: Learner
> bubble2 20 Posts
10 Reputation
kinborekinbo
03-07-2025 at 10:07 PM.
03-07-2025 at 10:07 PM.
So, let me get this straight. I deposit $50k, on which the bank earns interest elsewhere, and I get a bonus of....0.6%?? (and pay taxes to Uncle Sam on top)?

1
Reply
Joined Jun 2016
L3: Novice
> bubble2 174 Posts
30 Reputation
konjecture
03-07-2025 at 10:34 PM.
03-07-2025 at 10:34 PM.
Quote from kinborekinbo :
So, let me get this straight. I deposit $50k, on which the bank earns interest elsewhere, and I get a bonus of....0.6%?? (and pay taxes to Uncle Sam on top)?
I mean you can always invest your $50k in other assets such as stocks or crypto, for hopefully more returns, but they also come with risks. Here you get the bonus and a steady 4.3% APY (until the feds lower interest rates again).
Reply
Joined Sep 2005
Traveler
> bubble2 1,088 Posts
254 Reputation
merlinx
03-08-2025 at 07:54 AM.
03-08-2025 at 07:54 AM.
Quote from chrismtb :
This one is $300 for only $20k deposit, 4.2% interest right now. You need to keep the money in for 60 days.
https://www.doctorofcredit.com/li...ngs-bonus/
Seems like a solid deal. Always has thumbs down when posted. I wonder why?
Reply

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Joined Dec 2020
L3: Novice
> bubble2 252 Posts
phoshizzlez
03-08-2025 at 08:14 AM.
03-08-2025 at 08:14 AM.
Quote from WolfTheCat :
Big initial deposit required, but banks paying 4.3% on savings typically do not pay sign-up bonuses. Getting both a good rate and SUB is nice, and unusual.

No direct deposit games - nice. Finally, a bank that doesn't care where the money comes from.

The risk here is that you have to keep $5k in for 60-90 days to get the 4.3%, but CIT can lower the rate in that timeframe. However, CIT has historically had good rates on this account for quite a while - not at the very top of what is available, but certainly within shooting distance of the top. I would expect them to remain competitive.
I've been pretty happy with my savings account. Transfer from my checking at Chase reflects usually next business day. I tried to transfer money out of Cit Bank and they gave me an offer of 4.75% APY for 12 months and I took it. Well, not exactly guaranteed, but I think it's a guaranteed bump of .333% apr.
Reply
Last edited by phoshizzlez March 8, 2025 at 08:16 AM.
Joined Mar 2010
L2: Beginner
> bubble2 52 Posts
14 Reputation
carquote
03-08-2025 at 10:29 AM.
03-08-2025 at 10:29 AM.
Quote from phoshizzlez :
I've been pretty happy with my savings account. Transfer from my checking at Chase reflects usually next business day. I tried to transfer money out of Cit Bank and they gave me an offer of 4.75% APY for 12 months and I took it. Well, not exactly guaranteed, but I think it's a guaranteed bump of .333% apr.

I also tried to transfer out about a week ago and was offered an increase for 12 months but I'm only at 4.641% and not 4.75. I wonder why you are receiving a higher rate.
Reply
Joined Dec 2020
L3: Novice
> bubble2 252 Posts
phoshizzlez
03-08-2025 at 10:35 AM.
03-08-2025 at 10:35 AM.
Is that 4.6% apr or apy?
Reply
Joined Mar 2011
L10: Grand Master
> bubble2 11,059 Posts
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gibsonbass
03-08-2025 at 10:46 AM.
03-08-2025 at 10:46 AM.
Quote from carquote :
I also tried to transfer out about a week ago and was offered an increase for 12 months but I'm only at 4.641% and not 4.75. I wonder why you are receiving a higher rate.
Did you try to transfer whole or certain portion of the money?
Reply
Joined Mar 2010
L2: Beginner
> bubble2 52 Posts
14 Reputation
carquote
03-08-2025 at 10:47 AM.
03-08-2025 at 10:47 AM.
Quote from gibsonbass :
Did you try to transfer whole or certain portion of the money?

Just a portion. I just called them and was told the 4.641 is the 4.75APY, it just isn't showing under the last statement APY since I just had the change applied this month
Reply
Joined Mar 2010
L2: Beginner
> bubble2 52 Posts
14 Reputation
carquote
03-08-2025 at 10:48 AM.
03-08-2025 at 10:48 AM.
Quote from phoshizzlez :
Is that 4.6% apr or apy?

APR which I guess equates to the 4.75 APY so it was my misunderstanding
Reply
Joined Aug 2011
L1: Learner
> bubble2 20 Posts
10 Reputation
kinborekinbo
03-08-2025 at 04:33 PM.
03-08-2025 at 04:33 PM.
Quote from konjecture :
I mean you can always invest your $50k in other assets such as stocks or crypto, for hopefully more returns, but they also come with risks. Here you get the bonus and a steady 4.3% APY (until the feds lower interest rates again).
The language is quite shifty, is what I was trying to say. There's the savings rate (which you're alluding to) and there's the 'bonus' (which I am talking about).

High Yield Savings for 4.1--4.5% can be had through many online banks at a much, much, much lower capital than 25k!!! Most do not ask for 50k as opening deposit to give you 4ish %savings rate.

The 'bonus' is a different beast and completely misleading, in that it's really not. You're giving the bank 50k and getting only 0.6% back after two months.
THAT is heresy, but then we are talking about financial institutions, so par for the course.
3
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Joined Jun 2016
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> bubble2 174 Posts
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konjecture
03-08-2025 at 06:30 PM.
03-08-2025 at 06:30 PM.
Quote from kinborekinbo :
The language is quite shifty, is what I was trying to say. There's the savings rate (which you're alluding to) and there's the 'bonus' (which I am talking about).

High Yield Savings for 4.1--4.5% can be had through many online banks at a much, much, much lower capital than 25k!!! Most do not ask for 50k as opening deposit to give you 4ish %savings rate.

The 'bonus' is a different beast and completely misleading, in that it's really not. You're giving the bank 50k and getting only 0.6% back after two months.
THAT is heresy, but then we are talking about financial institutions, so par for the course.
True, but here is how I look at it. If I have $50k that I don't want to take any risks on (i.e. don't want to put it on the market), I would put it in a HYSA which would give me 4.3% interest (average is less than 4% for most HYSA banks). Now, let's say, Bank A gives me 4.3% interest and nothing else, and Bank B gives me 4.3% interest on the same money but also gives me a $300 bonus for keeping the money there for 2 months. I mean if I don't need my $50k for 2 months, then why will I not go for Bank B for the $300 free money along with the usual 4.3% rate?

As I said, you can get better returns elsewhere, but it comes with risks.
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