Ends December 15, 2026Open a CIT Bank Platinum Savings account with promo code Boost50 and earn 0.50% more than the normal rate. On $10,000 that is about $400 in the first year.
Best with $5,000 or more. Under $5,000 the boosted rate is 0.75% APY, and Savings Connect pays more. Rates are variable and the promotion can end at any time. Member FDIC.
What is CIT Bank, and is it safe?
CIT Bank is an online bank. It is a division of First Citizens Bank and a Member FDIC, so your deposits are insured up to $250,000 per depositor. There are no branches, so you open the account and move money online.
Step 1: Pick your CIT Bank account
Tap the one that sounds like you and we will show you the account that fits.
The highest rate CIT Bank pays right now. You can take your money out whenever you want.
Open Platinum Savings with Boost50You get the full rate without needing $5,000. You can take your money out whenever you want.
Open Savings ConnectThe rate cannot drop for a year. A penalty may apply if you withdraw early.
Open the 1-Year CDA fixed rate, and you can withdraw everything after 7 days with no penalty.
Open the No-Penalty CDStep 2: Use the CIT Bank promo code Boost50
Boost50 is the CIT Bank promo code for Platinum Savings. It adds 0.50% APY on top of the standard rate for 6 months, so the rate is 4.25% APY on $5,000 or more and 0.75% APY under $5,000. The promotion runs from September 29 to December 15, 2026.
How to use the CIT Bank promo code
- Open Platinum Savings APY Boost.
- Enter the promo code Boost50 when you open the account. If you already have a Platinum Savings account, enroll it in the promotion.
- Fund the account. It takes $100 to open, and the boost applies to balances up to $9,999,999.
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 0.50% 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 September 29, 2026, and ends December 15, 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.
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 July 1, 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.
Step 3: See how much you will earn
Type in your balance to see about what each CIT Bank savings account would earn in the first year. It is an estimate: the rates are variable, and the Boost50 rate lasts 6 months.
At $10,000, Platinum Savings with Boost50 earns the most in the first year.
Estimate only. It assumes your balance stays the same, the current APYs stay the same, and the Boost50 rate applies to the first 6 months. Interest rates for Platinum Savings and Savings Connect are variable and may change at any time without notice.
All CIT Bank rates, highest first
Every CIT Bank savings account and CD, ranked by APY. APYs are as of July 1, 2026.
CIT Bank Platinum Savings review
Platinum Savings is a tiered account: the rate depends on your end-of-day balance. It pays 3.75% APY on $5,000 or more and 0.25% APY below that. With Boost50 it pays 4.25% on $5,000 or more for 6 months.
Pros
- 3.75% APY on balances of $5,000 or more, 4.25% with Boost50
- $100 to open
- No monthly service fees and no account opening fees
- Member FDIC
Cons
- Only 0.25% APY under $5,000 (0.75% with Boost50)
- The rate is variable and can change at any time
- The Boost50 promotion ends December 15, 2026 and lasts 6 months per account
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 0.50% 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 September 29, 2026, and ends December 15, 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.
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 July 1, 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.
CIT Savings Connect review
Savings Connect pays 3.65% APY at any balance, so it is the better pick if you are starting under $5,000.
Pros
- 3.65% APY on any balance
- $100 to open
- No monthly service fees and no account opening fees
- Member FDIC
Cons
- The rate is variable and can change at any time
- Pays less than Platinum Savings on balances of $5,000 or more
- Fees could reduce earnings on the account
APY (Annual Percentage Yield) is accurate as of July 1, 2026. Interest Rates for the Savings Connect Account are variable and may change at any time without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the account.
CIT Bank CD rates
CIT Bank CDs need $1,000 to open and have no account opening fees. Rates are fixed for the term, and interest compounds daily.
CIT Bank 1-Year CD
Pros, cons and details
Pros
- The highest CD rate here, 4.00% APY
- No account opening or maintenance fees
- Daily compounding
Cons
- $1,000 to open
- A penalty may apply for early withdrawal and reduces your earnings
Annual Percentage Yields (APYs) for all Term CDs are accurate as of July 1, 2026. A penalty may be imposed for early withdrawal of principal, and any early withdrawal (principal or interest) will reduce earnings.
CIT Bank No-Penalty CD
Pros, cons and details
Pros
- 3.90% APY locked in for 11 months
- Withdraw the full balance and interest after 7 days with no penalty
- No opening or maintenance fees
Cons
- $1,000 to open
- No withdrawals during the first 6 days
- Pays less than the 1-Year CD
APY (Annual Percentage Yield) is accurate as of July 1, 2026. $1,000 minimum to open the account. With a No-Penalty CD, you may withdraw the total balance and interest earned, without penalty, beginning 7 days after funds have been received for your CD. No withdrawals are permitted during the first 6 days following the receipt of funds.
CIT Bank 6-Month CD
Pros, cons and details
Pros
- 3.75% APY for a short 6-month lock
- No monthly service fees and no account opening fees
- Daily compounding
Cons
- $1,000 to open
- Renews into another 6-month term on its own
- A penalty may apply for early withdrawal
APY (Annual Percentage Yield) is accurate as of July 1, 2026. $1,000 minimum deposit is required to open the account. A penalty may be imposed for early withdrawal of principal, and any early withdrawal (principal or interest) will reduce earnings.
CIT Bank 13-Month CD
Pros, cons and details
Pros
- 3.25% APY locked in for 13 months
- No monthly service fees and no account opening fees
- Daily compounding
Cons
- $1,000 to open
- The lowest rate of the CIT CDs on this page
- Renews as a 1-Year CD at the then-published APY, and a penalty may apply for early withdrawal
APY (Annual Percentage Yield) is accurate as of July 1, 2026. $1,000 minimum deposit is required to open the account. A penalty may be imposed for early withdrawal of principal, and any early withdrawal (principal or interest) will reduce earnings. Upon maturity, the 13-Month CD will be automatically renewed as a 1-Year Term CD at the then-published APY.
CIT Bank promo code FAQ
Yes. The code is Boost50, and it works with Platinum Savings. It adds 0.50% APY for 6 months, which makes 4.25% APY on balances of $5,000 or more and 0.75% APY on balances under $5,000. It runs from September 29 to December 15, 2026, and CIT can end it at any time.
Open a Platinum Savings account through the Platinum Savings APY Boost page and enter Boost50. If you already have a Platinum Savings account, you can enroll it in the promotion instead.
Platinum Savings and Savings Connect open with $100. CIT Bank CDs need $1,000 to open.
The 1-Year CD pays the most at 4.00% APY, as of July 1, 2026. The No-Penalty CD pays 3.90%, the 6-Month CD 3.75% and the 13-Month CD 3.25%.
With the No-Penalty CD you can withdraw your full balance and the interest earned, without penalty, starting 7 days after the funds arrive. With the other CDs a penalty may apply, and any early withdrawal reduces your earnings.
Yes. The Platinum Savings and Savings Connect rates are variable and may change at any time without notice.
Yes. CIT Bank is a Member FDIC, and FDIC insurance covers deposits up to $250,000 per depositor.
Compare CIT Bank with other banks
Rates and terms on this page come from CIT Bank’s own disclosures, last aligned September 29, 2026. We update this page when CIT changes its promotions.
CIT Bank disclosures
For complete list of account details and fees, see our Personal Account disclosures. Rates and APYs on this page are as of July 1, 2026 and can change.
