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CIT Bank Platinum Savings: Try to move out money and receive APY boost offer

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Hello
On a laptop via web browser, I tried to initiate outbound wire transfer from CIT bank for an entire balance whole amount and instantly got pop-up screen with offer to boost APY by 0.480% for 12 months.
Try to initiate wire transfer for an entire balance whole amount and see if you can get the same offer.
Good luck.

https://www.cit.com/
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Created 08-06-2025 at 03:24 PM by soloma
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Joined Sep 2016
L2: Beginner
> bubble2 47 Posts
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nkl
08-06-2025 at 07:21 PM.
08-06-2025 at 07:21 PM.
What a great timing!! I was planning to open another bank account that offers 4.30% APY tonight. Now my CIT boosted to 4.50% APY after this offer. I am staying. Thanks OP!
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Last edited by nkl August 6, 2025 at 07:27 PM.
Joined May 2022
New User
> bubble2 19 Posts
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CleverLeopard1054
08-06-2025 at 07:37 PM.
08-06-2025 at 07:37 PM.
FYI there's no guarantee. I did this a few months ago and then they secretly adjusted it a few cycles later (I think it was 2-3 months) to a lower rate.
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Joined Sep 2013
L3: Novice
> bubble2 294 Posts
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jimsta
08-06-2025 at 07:39 PM.
08-06-2025 at 07:39 PM.
this worked for me! i had to move >50% of my balance
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Joined Sep 2016
L2: Beginner
> bubble2 47 Posts
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nkl
08-06-2025 at 07:46 PM.
08-06-2025 at 07:46 PM.
Quote from CleverLeopard1054 :
FYI there's no guarantee. I did this a few months ago and then they secretly adjusted it a few cycles later (I think it was 2-3 months) to a lower rate.
Yes, the published rate will change based on the market. This offer stated that the boost will apply to the next 12 months for whatever the new rate is +0.480%
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Joined Jun 2005
L6: Expert
> bubble2 1,898 Posts
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mtnagel
08-06-2025 at 07:57 PM.
08-06-2025 at 07:57 PM.
Was already on an increased rate but got this:
Quote :
Earn more with an updated rate

The current interest rate on your Platinum Savings account is 4.306%, with an APY of 4.40%.2

We will increase your interest rate by 0.096% for the next 12 months.1

That means your current new interest rate will be 4.402% and your APY will be 4.50% when your account balance remains $5,000.00 or greater. The current new interest rate will be 0.346 and the APY will be 0.35% when your account balance falls below $5,000.00.2
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Joined Nov 2022
New User
> bubble2 1 Posts
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ThriftyLake620
08-06-2025 at 08:54 PM.
08-06-2025 at 08:54 PM.
Love it.. tried it now and it worked!!
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Joined Sep 2015
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> bubble2 1,511 Posts
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soloma
08-06-2025 at 11:22 PM.
08-06-2025 at 11:22 PM.
actually, looks like its two offers in a row. idk if APY 4.00% is a good one, I did not take one. Just curious if there are more offers linked to a transfer button
https://slickdeals.net/f/18512299-cit-bank-platinum-savings-try-to-move-out-money-and-receive-offer-no-penalty-11m-cd-apy-4-00
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Joined Apr 2008
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Greygooser
08-07-2025 at 04:20 AM.
08-07-2025 at 04:20 AM.
worked perfectly. Thanks OP!
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Joined Sep 2016
L2: Beginner
> bubble2 47 Posts
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nkl
08-07-2025 at 04:20 AM.
08-07-2025 at 04:20 AM.
Quote from soloma :
actually, looks like its two offers in a row. idk if APY 4.00% is a good one, I did not take one. Just curious if there are more offers linked to a transfer button
https://slickdeals.net/f/18512299-cit-bank-platinum-savings-try-to-move-out-money-and-receive-offer-no-penalty-11m-cd-apy-4-00
4.00% APY is definitely not good for a CD account. For reliable banks that offers HYSA, 4.30% APY is the highest I can find as of today.
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Joined Dec 2008
L5: Journeyman
> bubble2 701 Posts
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joseatt
08-07-2025 at 04:25 AM.
08-07-2025 at 04:25 AM.
Quote from nkl :
4.00% APY is definitely not good for a CD account. For reliable banks that offers HYSA, 4.30% APY is the highest I can find as of today.
Did notice it was a no penalty CD?

With the job revision that is a good rate for the next 11 months if you were going to keep the money available.
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Joined Sep 2012
L10: Grand Master
> bubble2 9,454 Posts
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Baguda
08-07-2025 at 05:59 AM.
08-07-2025 at 05:59 AM.
Quote from nkl :
Yes, the published rate will change based on the market. This offer stated that the boost will apply to the next 12 months for whatever the new rate is +0.480%
Nobody has mentioned the high probability interest rates will be slashed severely over the next year starting with the next Fed meeting. The President has been harping on this and said he thought rates should be between Japan's .5% and the 1.75% rates of Denmark, Seychelles and Thailand.

I've heard many others in the market say they want interest rates back near 1% too because they clearly care more about borrowers, stock/bitcoin gamblers, and house flippers than savers or retirees living off interest on cash. I also heard a trial balloon about getting rid of the capital gains tax on stocks, housing, and bitcoin to reward the gamblers, but they want to keep income taxes on people who play it safe and only earn about 4% interest per year. If those people get their way, a year from now savers may only get 1% interest per year.

Have any of you come up with any solutions how to protect your cash against upcoming interest rate cuts? Buying into stocks, bitcoin, gold, or real estate near all time record highs doesn't seem appealing. In the past I would buy bank CDs, individual bonds, or US Treasuries, but the investing news articles I see seem to be hating on those right now. Individual bonds take a lot of research or you have to hire an advisor and most just do funds which anyone can do on their own.
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Last edited by Baguda August 7, 2025 at 06:02 AM.
Joined Jul 2018
L4: Apprentice
> bubble2 410 Posts
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BlueCorn773
08-07-2025 at 06:13 AM.
08-07-2025 at 06:13 AM.
Quote from dregan :
yeah that's correct but this is assuming the base rate will remain 4% over the next year which seems pretty unlikely i.e. i believe it will drop, but it will most likely drop for all banks
b i n g o
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Joined Dec 2008
L4: Apprentice
> bubble2 374 Posts
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Dominican1NYC
08-07-2025 at 06:29 AM.
08-07-2025 at 06:29 AM.
Did anybody's % show the raise on their account? Mine is still showing 4%.
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Joined Apr 2008
L4: Apprentice
> bubble2 337 Posts
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Nickb1907
08-07-2025 at 06:41 AM.
08-07-2025 at 06:41 AM.
I try this every couple months to see if they give me a boost. So far I have had my account for about 2 years and received this boost about 3 times.
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Joined Jul 2011
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> bubble2 178 Posts
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divinedeal
08-07-2025 at 09:17 AM.
08-07-2025 at 09:17 AM.
Anyone accepted another promo offer on top of a previous one?
It says it will "replace any previous interest rate increase that may be in place on your account. It will not be added to any previous offers you may have accepted".
Wondering if there's a chance it could actually lower my rate.
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