CIT Bank Platinum Savings: Earn up to 4.10% APY on Balances of $5k or More
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CIT Bank, our partner, offers the following benefits with their Platinum Savings account. Use promo code CITBOOST.
Our boost adds 0.35% APY* to our competitive standard rate for six months.
With our six-month boost, you earn:
- 4.10% APY* on balances $5,000 or more
- 0.60% APY* on balances less than $5,000
New Customers: Deposit Transfer Requirements
1. Open your account: Securely provide your address, phone number, email and Social Security number/ITIN. Plus, add the bonus code CITBOOST.
2. Make a deposit: Open an account with a minimum of $100. You can transfer funds with an electronic transfer, mail-in check or wire.
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.
APY Disclosure
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 January 9, 2026:
0.25% APY on balances of $0.01 to $4,999.99; 3.75% 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.
Boost Disclosure:
"This is a limited time offer available to New and Existing
customers who meet the Platinum Savings APY
Boost promotion criteria.
Accounts enrolled in the Platinum Savings Annual
Percentage Yield (APY) Boost promotion will receive a
0.35% APY boost on the Platinum Savings current
standard APY tiers for 6 months following the opening of
a new account or when an existing Platinum Savings
account is enrolled in the promotion. The Platinum
Savings APY boost will be applied on account balances up
to $9,999,999.00. Account balances above $9,999,999.00
will earn the standard APY. If the standard-published APY
should change during the promotion period, the APY
boost will move with it, offering an account APY above
the standard rate. The Promotion begins on February 13, 2026, and ends
June 30, 2026. Customers enrolled in the promotion prior
to the end date will receive the APY boost for the 6-
month period outlined in the terms and conditions.
The promotion can end at any time without notice."
CIT Bank, our partner, offers the following benefits with their Platinum Savings account. Use promo code CITBOOST.
Our boost adds 0.35% APY* to our competitive standard rate for six months.
With our six-month boost, you earn:
- 4.10% APY* on balances $5,000 or more
- 0.60% APY* on balances less than $5,000
New Customers: Deposit Transfer Requirements
1. Open your account: Securely provide your address, phone number, email and Social Security number/ITIN. Plus, add the bonus code CITBOOST.
2. Make a deposit: Open an account with a minimum of $100. You can transfer funds with an electronic transfer, mail-in check or wire.
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.
APY Disclosure
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 January 9, 2026:
0.25% APY on balances of $0.01 to $4,999.99; 3.75% 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.
Boost Disclosure:
"This is a limited time offer available to New and Existing
customers who meet the Platinum Savings APY
Boost promotion criteria.
Accounts enrolled in the Platinum Savings Annual
Percentage Yield (APY) Boost promotion will receive a
0.35% APY boost on the Platinum Savings current
standard APY tiers for 6 months following the opening of
a new account or when an existing Platinum Savings
account is enrolled in the promotion. The Platinum
Savings APY boost will be applied on account balances up
to $9,999,999.00. Account balances above $9,999,999.00
will earn the standard APY. If the standard-published APY
should change during the promotion period, the APY
boost will move with it, offering an account APY above
the standard rate. The Promotion begins on February 13, 2026, and ends
June 30, 2026. Customers enrolled in the promotion prior
to the end date will receive the APY boost for the 6-
month period outlined in the terms and conditions.
The promotion can end at any time without notice."
I am an existing CIT customer and these are the steps i had to follow to add this promo:
go to https://www.cit.com/citboost
click "get started"
enter your userID and pw on the right where it says "Already a CIT customer?"
(must be the primary account holder to be able to do this)
after the login it will have you accept some terms and you should see the confirmation page.
I saw the confirmation page that said I was enrolled. But when I checked my account details, it still says 3.682%. Does it take time to update?
Tried again and got this:
You are already enrolled!
We have confirmed your enrollment in the promotion named below.
That is nice... but it is only for $20k. I like having my money in a brookage account such as Merrill Edge, and then buying the money market funds if I need to store any cash.
Must use their debit card 15 times a month, have dd, and estatements. That first requirement is a hard pass for me. Thanks, though.
so... this seems to be for rich people... 4.10% APY* on balances $5,000 or more....
BUT what happens after the sixmonths?
My account is paying right now... 3.66% for any amount of money! Not this bullshit $5k.
.. while it is not a 4.1%... the difference is not enough for me to consider this deal.
The current reg rate is 3.75% with $5K. With the bonus 0.35% brings it to 4.1% for 6 mo. After 6mo, it will go back to 3.75% or whatever the rate is at the time. If you have $5k, it's better than your current rate.
For those who've had one of these accounts for a while, how steady is the APY? I have one with Amex and every month it goes down 0.1%. Thinking about switching, though I like Amex otherwise.
I have used CIT bank as my primary savings for many years. They tend to be competitive -- and if they are not & you start to move $ out, they will often give you an offer as others have mentioned - a 0.25% to 0.5% 1 YEAR bump from your current rate.
The thing I really like about CIT is that they have very large in/out daily limits, and ACH $ fast --- usually 1 biz day.
why are people putting their money into this instead of treasuries? you dont pay state and city taxes on them.
Because I live in a state that doesn't pay state taxes so it doesn't matter to me. Also, I only need to have a low minimum and no need for direct deposit either.
Have had my rainy day money in CIT since Sept 2023. My rate has always been greater than 4% for that entire time. Current interest rate is 4.162%, Last statement APY was 4.25%. My biggest regret is not moving money out of BOA savings 15 years ago.
Have had my rainy day money in CIT since Sept 2023. My rate has always been greater than 4% for that entire time. Current interest rate is 4.162%, Last statement APY was 4.25%. My biggest regret is not moving money out of BOA savings 15 years ago.
I opened my CIT savings account in June of 2023 at 5ish% and I'm only getting 3.75 now. Why is yours still high while mine has steadily gone down?
The current reg rate is 3.75% with $5K. With the bonus 0.35% brings it to 4.1% for 6 mo. After 6mo, it will go back to 3.75% or whatever the rate is at the time. If you have $5k, it's better than your current rate.
It may be better... but I would have to sell, pay capital gains tax and then open an account, get a hard pull on my credit and transfer my money and I think it is too much of a hassel. I prefer my 3.68% and again, NO LIMITS.
I opened my CIT savings account in June of 2023 at 5ish% and I'm only getting 3.75 now. Why is yours still high while mine has steadily gone down?
Have you done the transfer trick to see if they offer you a better rate? I do that every couple months to see if I can get an offer to increase it.
If you don't know the trick all you do is click "Transfers" when looking at your account. Next screen type in an amount that would wipe out the amount you have in CIT. Hit one time and transfer button. If you get a new screen with an offer you can choose to accept it. If you get a pop up to confirm transfer you didn't get an offer.
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Sign up for a Slickdeals account to remove this ad.
go to https://www.cit.com/citboost
click "get started"
enter your userID and pw on the right where it says "Already a CIT customer?"
(must be the primary account holder to be able to do this)
after the login it will have you accept some terms and you should see the confirmation page.
Tried again and got this:
You are already enrolled!
We have confirmed your enrollment in the promotion named below.
Platinum Savings APY Boost
CITBOOST
Enrollment Date:
04/27/2026
BUT what happens after the sixmonths?
My account is paying right now... 3.66% for any amount of money! Not this bullshit $5k.
.. while it is not a 4.1%... the difference is not enough for me to consider this deal.
The thing I really like about CIT is that they have very large in/out daily limits, and ACH $ fast --- usually 1 biz day.
Sign up for a Slickdeals account to remove this ad.
If you don't know the trick all you do is click "Transfers" when looking at your account. Next screen type in an amount that would wipe out the amount you have in CIT. Hit one time and transfer button. If you get a new screen with an offer you can choose to accept it. If you get a pop up to confirm transfer you didn't get an offer.