Best checking bonus: $400
Editor's Choice
Up to $350 bonus, $0 fees
$350 Bonus
Up to $300¹ bonus + up to 4.00% APY⁸
Up to $300
$75 bonus, no fees, no minimums
$75 Bonus
Biggest business bonus: up to $1,200
$1,200 Bonus
$200 bonus, no monthly fees
$200 BonusWhy Choose CIT Bank
Top 50 U.S. online bank with FDIC insurance up to $250,000
Security
FDIC insured up to $250,000 per depositor
Simplicity
Open in 10 minutes with just $100
Returns
Rates higher than national average
Rewards
Boost rates with $100 monthly deposits
Efficiency
Manage everything online or mobile
Accessibility
$30/month ATM fee reimbursements
Explore CIT Bank Products
CIT Platinum Savings
The problem: Most savings accounts pay almost nothing while your money sits there losing value to inflation. Banks profit from your deposits while you earn pennies.
Here's what's different: CIT Platinum Savings offers competitive APY on your savings plus up to $300 bonus when you open with promo code PS2025. Only $100 minimum to open and your money stays FDIC insured.
The $300 bonus combined with competitive APY makes this the strongest CIT Bank promotion. Only $100 to open means almost anyone can qualify. CIT Bank is backed by First Citizens Bank, so you get FDIC insurance up to $250,000. Use promo code PS2025 at opening to unlock the full bonus.
Pros
- Up to $300 bonus with promo code
- Only $100 minimum to open
- Competitive high-yield APY
- FDIC insured up to $250,000
- No monthly maintenance fees
- Online and mobile banking
- Backed by First Citizens Bank
Cons
- Online-only bank (no physical branches)
- Must use promo code to qualify
- Bonus requires meeting deposit requirements
- APY can change over time
CIT Bank CDs
The problem: Savings accounts have variable rates that can drop anytime. You need predictable returns without market risk.
Here's what's different: CIT Bank CDs lock in competitive rates for your chosen term. Terms from 6 months to 5 years with guaranteed returns. FDIC insured and backed by a trusted institution.
CDs are perfect when you want guaranteed returns without market volatility. CIT offers competitive rates across multiple terms so you can ladder your investments. The trade-off is your money is locked up until maturity, but if you won't need the cash, the guaranteed returns beat variable savings rates.
Pros
- Guaranteed fixed returns
- Multiple term options available
- FDIC insured up to $250,000
- No market risk
- Competitive rates
- CD laddering strategies possible
Cons
- Early withdrawal penalties
- Money locked until maturity
- Rates fixed (can't benefit from rate increases)
- May require higher minimums
CIT No-Penalty CD
The problem: Traditional CDs lock your money up with harsh early withdrawal penalties. But you want CD rates without losing access to your cash.
Here's what's different: CIT's No-Penalty CD gives you guaranteed returns with the flexibility to withdraw anytime after 7 days with zero penalty. Get CD rates with savings account flexibility.
This is the best of both worlds. You get competitive CD rates but can access your money penalty-free after just 7 days. Perfect for emergency funds or short-term savings where you want better returns than regular savings but might need the cash. The 11-month term is ideal for parking money you're not quite ready to lock up long-term.
Pros
- Zero early withdrawal penalty
- Can withdraw after 7 days
- Competitive CD rates
- FDIC insured up to $250,000
- 11-month term is manageable
- Perfect for emergency funds
Cons
- Only 11-month term available
- Rate may be slightly lower than traditional CDs
- Must wait 7 days before withdrawal
- One-time withdrawal only
CIT Savings Connect
The problem: High-yield savings accounts often have high minimum balances or limited access. You need competitive rates with flexibility.
Here's what's different: CIT Savings Connect offers competitive APY with no monthly fees and easy access to your money. Build your savings without restrictions while earning far more than traditional banks.
Solid high-yield savings without the complexity. No monthly fees, no minimum balance requirement, competitive APY. Perfect for emergency funds or general savings where you want easy access but better returns than checking. Links easily with other CIT accounts if you want to build a complete banking relationship.
Pros
- Competitive high-yield APY
- No monthly maintenance fees
- No minimum balance required
- Easy online access
- FDIC insured up to $250,000
- Integrates with other CIT accounts
Cons
- APY can change over time
- Online-only bank
- Six withdrawal limit per month (federal rule)
- No physical branches
There is an infinite number of online banks to select from. And it might be difficult to determine which bank is the greatest for your needs because, with almost every online bank providing comparable features — such as mobile check deposits, credit cards, CDs, and savings accounts — finding the right one may be tough.
CIT Bank is a worthy competitor, and are they currently running some lucrative offers for new users.
CIT Bank promo codes and promotions are available nationwide online with some of the highest interest rates available. Remember, all of these high-interest rate accounts have a very low minimum requirement of only $100!
CIT Bank Promotions
CIT Bank’s products are perfect for preparing for unexpected emergencies, growing funds for a down-payment on a dream home, saving up for a loved one’s future, or anything in between.
And with stocks so high right now, it’s the time the perfect time to sell some investments and open a high-earning account.
CIT Bank Platinum Savings: Up to $300 bonus
CIT Bank is offering a straightforward cash bonus on its Platinum Savings account when you open an account using promo code PS2025 and deposit new funds within thirty days.
You can earn $225 by depositing between $25,000 and $49,999.99, or $300 when you deposit $50,000 or more.
Only new money qualifies, and you must keep the account open until the bonus is paid, which typically happens within sixty days after the funding window closes.
The account earns a competitive APY for balances above $5K, making the total return a mix of interest plus the upfront bonus. The offer is best suited for people who already have idle cash sitting on the sidelines, since the bonus represents less than one percent on large deposits and may not outweigh the opportunity cost if you need those funds for higher value uses like debt payoff or investing.
As long as you understand the timelines, tax reporting on the bonus, and the new-money requirement, this is an easy low-risk offer to pick up.
Open your account here and claim $300
- Earn 3.75% APY on balances of $5,000+. Traditional banks typically pay 0.05%
- FDIC insured with same protections as brick-and-mortar banks
- No monthly fees or account opening costs
CIT Bank No-Penalty CD: 3.75% APY
CIT Bank’s No Penalty CD gives you the best of both worlds: the locked-in security of a CD and the freedom to access your money early without losing a single dollar of interest. You lock in a strong 3.75 percent APY for eleven months and still keep the option to withdraw your full balance plus earned interest starting just seven days after funding. No surprises and no penalties.
This offer stands out because it is one of the strongest no-penalty CD rates available right now and takes only $1,000 to open. There are no monthly fees, setup is fast, and your money is fully FDIC insured. Interest compounds daily so every dollar works harder for you the entire term.
If you want a safe place to grow your money with the flexibility to pull it out at any point, this is one of the best deals you can grab today.
Reach your savings goals faster with the CIT Bank No-Penalty CD. Security and flexibility with access to funds. $1,000 minimum opening deposit.
CIT Bank Term CDs: Up to 3.75% APY
CIT Bank CDs provide a safe, secure way to grow your savings. Choose from a selection of CD rates and terms to help you stay on target for your savings goals.
These are the following rates for CDs from CIT Bank ($1,000 minimum to open):
| CD Term Rates | APY |
|---|---|
| 18-Month | 2.75% |
| 13-Month | 3.25% |
| 6-Month | 3.75% |
| 5-Year | 0.50% |
| 4-Year | 0.50% |
| 3-Year | 0.40% |
| 2-Year | 0.40% |
| 1-Year | 0.30% |
Highlights
- There is a minimum deposit of $1,000 to open a CIT Bank High Yield Certificate of Deposit.
- The CD account has no monthly maintenance fees and it comes with free online banking.
- Your money is FDIC insured and the interest is compounded daily to maximize your earning potential.
CIT Bank CDs provide a safe, secure way to grow your savings. Choose from a selection of CD rates and terms to help you stay on target for your savings goals.
Related: 9 Best 12-Month CD Rates
CIT Bank Reviews
I'm “over the moon” with their interest rates, so what's not to love. With a very minimal deposit you get a great rate. Customer service is also good; easily accessible to get a human who can help you.
Posted by: Joanna D.
CIT Bank is a bank that is advertised as being a great bank. My personal experience with this bank says otherwise. You can, of course, set up standard accounts with them as well as a couple of special investing accounts. As far as bank security goes, that is another story. I got a phone call from the bank one day asking if someone withdrew a large amount of cash out of my account. I, of course, told them no because I was home. Apparently, someone was able to get into the bank's system and pull the required information to withdraw money from my account along with many other accounts. They did manage to recover my money but it took them months to do so. Afterwards, I ended my account with them and moved onto another bank. Overall, the bank got the job done but it could have been done better.
Posted by: Bettie R.
Here are just some of the things CIT Bank has to offer its customers:
Why Choose CIT Bank
Top 50 U.S. online bank with FDIC insurance up to $250,000
Security
FDIC insured up to $250,000 per depositor
Simplicity
Open in 10 minutes with just $100
Returns
Rates higher than national average
Rewards
Boost rates with $100 monthly deposits
Efficiency
Manage everything online or mobile
Accessibility
$30/month ATM fee reimbursements
Explore CIT Bank Products
About CIT Bank
Through their nationwide direct bank, CIT Bank offers consumers competitive deposit products to advance their savings strategies, including a range of CDs, a high-yield savings product and IRAs. CIT Bank has been recognized by personal finance sources including MyBankTracker, NerdWallet, and GOBankingRates for its products that drive value for banking customers.
CIT Bank provides a comprehensive suite of banking products designed to help you maximize your personal finances. Their product lineup includes High Yield Savings accounts for building emergency funds, Money Market accounts for higher balance customers, Certificates of Deposit (CDs) with competitive fixed rates, and Custodial Accounts for saving on behalf of minors. Each product is built around the same core principle: delivering above-average returns without the monthly fees that traditional banks charge.
As a direct bank backed by First Citizens Bank, CIT combines the security of FDIC insurance with the efficiency of online banking. This means higher interest rates for you since they don't have the overhead costs of physical branches. Whether you're just starting to save or looking to diversify your cash holdings across different account types, CIT Bank offers the tools and competitive rates to help your money grow faster.
Come check back soon as we will regularly update this post whenever CIT Bank has new promotions!