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

+34 Deal Score
110,099 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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Deal
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+34
110,099 Views

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 Sep 2003
L6: Expert
> bubble2 1,948 Posts
248 Reputation
ALS
03-09-2025 at 08:28 AM.
03-09-2025 at 08:28 AM.
Quote from carquote :
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

What triggers the offer? Just attempting to initiate a large outbound transfer in the app?
Reply
Joined Mar 2013
L3: Novice
> bubble2 161 Posts
14 Reputation
LanceS4665
03-09-2025 at 10:19 AM.
03-09-2025 at 10:19 AM.
Quote from MusicShark :
How do you have $50,000+ available without doing shady things in this world?

By not buying things not needed on SD
Reply
Joined Mar 2013
L3: Novice
> bubble2 161 Posts
14 Reputation
LanceS4665
03-09-2025 at 10:19 AM.
03-09-2025 at 10:19 AM.
Quote from zmmnj :
High income, low living expenses.
$50K cash is not that hard. By the way, it's bonus payout season if I am not mistaken.

50k in bonus? I'm in the wrong profession
Reply
Joined Mar 2011
L10: Grand Master
> bubble2 11,059 Posts
1,208 Reputation
gibsonbass
03-09-2025 at 10:27 AM.
03-09-2025 at 10:27 AM.
Quote from carquote :
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
Did you try to move hitting a bonus? I opened an account yesterday only. I wonder if I can get extra interest rate if I try to transfer a certain portion of the money to another bank.

Another thing, did offer popped up for automatically or they have that offer after you called them?
Reply
Joined Jun 2016
L3: Novice
> bubble2 167 Posts
30 Reputation
Ahdjeixn
03-09-2025 at 08:15 PM.
03-09-2025 at 08:15 PM.
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.

How did you try to pull money? From the app or website? Did you get a prompt offering a bigger rate or did somebody call you?
Reply
Joined Dec 2020
L3: Novice
> bubble2 252 Posts
phoshizzlez
03-09-2025 at 08:46 PM.
03-09-2025 at 08:46 PM.
Quote from Ahdjeixn :
How did you try to pull money? From the app or website? Did you get a prompt offering a bigger rate or did somebody call you?

Both app and website. A prompt came up before confirming.
Reply
Joined Sep 2003
L6: Expert
> bubble2 1,948 Posts
248 Reputation
ALS
03-10-2025 at 06:39 AM.
03-10-2025 at 06:39 AM.
Quote from phoshizzlez :
Both app and website. A prompt came up before confirming.

Care to say how much you were moving? I tested with 10k and no prompt just a button to start the transfer.
Reply

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Joined Dec 2020
L3: Novice
> bubble2 252 Posts
phoshizzlez
03-10-2025 at 06:44 AM.

Our community has rated this post as helpful. If you agree, why not thank phoshizzlez

03-10-2025 at 06:44 AM.
Quote from ALS :
Care to say how much you were moving? I tested with 10k and no prompt just a button to start the transfer.

I tried to move my whole balance. There should be a few screens to confirm. I think I got it on the second screen.
1
Reply
Joined Mar 2022
L2: Beginner
> bubble2 32 Posts
22 Reputation
HonestStraw7868
03-10-2025 at 06:54 AM.
03-10-2025 at 06:54 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.

Thanks this worked for me.
Reply
Joined Sep 2013
L3: Novice
> bubble2 741 Posts
65 Reputation
chucktaylur
03-10-2025 at 10:12 AM.
03-10-2025 at 10:12 AM.
Do I need to unfreeze my credit with the big 3 before applying?
Reply
Joined Dec 2020
L1: Learner
> bubble2 20 Posts
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OrangeHorn6119
03-10-2025 at 10:31 AM.
03-10-2025 at 10:31 AM.
Quote from renz23 :
Is this available for existing Platinum saving customer to create second Platinum saving account??

You can open another account
Reply
Joined Sep 2021
L2: Beginner
> bubble2 84 Posts
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SlimJimDanton1
03-10-2025 at 04:04 PM.
03-10-2025 at 04:04 PM.
I opened an account and transferred 50K and I got this email:

"You recently submitted an application for an account at CIT Bank (CITBank.com). In order to process your application, we need some additional information to confirm your identity. A CIT Bank agent will call or email you in the next 3-5 business days."

That was 4 days ago (incl weekend) so I guess I just have to wait to hear back from them at some point by end of week... annoying
Reply
Joined Jan 2007
EEEEZZZZZ
> bubble2 8,144 Posts
1,035 Reputation
dadab
03-10-2025 at 04:33 PM.
03-10-2025 at 04:33 PM.
Awesome tips from SDers....Tried to transfer out a big amount and it offered me to increase my rate to 4.641 with 4.75 APY from 4.31 APY. Can't complain.
Reply
Joined Sep 2009
L2: Beginner
> bubble2 88 Posts
10 Reputation
Fugiyama04
03-11-2025 at 03:11 AM.
03-11-2025 at 03:11 AM.
Quote from dadab :
Same here. I've platinum account but no way to enter the promo code.
If you already had an CIT Bank existing account as of 2/26/25, you still need to first officially enroll in this offer via the "Start savings now" button and then logging into your CIT Bank account instead of creating a new account. It will take you through enrolling into the offer for existing member
Reply
Last edited by Fugiyama04 March 11, 2025 at 03:15 AM.

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Joined Sep 2009
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> bubble2 88 Posts
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Fugiyama04
03-11-2025 at 03:18 AM.
03-11-2025 at 03:18 AM.
Quote from OrangeHorn6119 :
You can open another account
You don't have to open a new account you can enable the offer by clicking on the offer link and if you are an existing customer you can login and it will guide you in enrolling your existing platinum savings account with the offer
Reply
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