CIT Bank

2180 S 1300 East, Suite 250
Salt Lake City, Utah 84106

CIT Bank

2018 Overview

General Online Bank Information

Deposits FDIC Insured Yes
Insured Bank CIT Bank
FDIC Certificate # 35575
Date Established 2000
Assets $21.46 billion
Loans $14.88 billion
Deposits $16.81 billion
Capital $2.75 billion
Money that you deposit is held by CIT Bank. CIT Bank is an FDIC insured institution founded in 2000. It has approximately $21.90 billion in assets.

For a more detailed analysis of CIT Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 19, 2018

Online Savings and Money Market Rates APY MIN MAX
Online CD Rates APY MIN MAX
11 Month No Penalty CD
2.05% $1,000 - Learn MoreShow Less
12 Month Term CD
2.20% $1,000 - Learn MoreShow Less
13 Month CD
2.25% $1,000 - Learn MoreShow Less
18 Month CD
2.50% $1,000 - Learn MoreShow Less
24 Month Term CD
1.40% $1,000 - Learn MoreShow Less
36 Month Jumbo CD
1.40% $1,000 - Learn MoreShow Less
48 Month Jumbo CD
1.60% $1,000 - Learn MoreShow Less
60 Month Jumbo CD
1.75% $1,000 - Learn MoreShow Less

Bank Offers

CIT Has New 2.15% Savings Builder Rate
Oct 5, 2018

CIT has raised its online savings rate to 2.15% today for accounts over $25,000 or for accounts over $100 so long as you also transfer in $100 each month.  Those customers already in CIT money market accounts may be able to convert to this new rate.


CIT Raises Savings Builder Rate to 2.25%
Nov 21, 2018

CIT Bank has raised the rate on its Savings Builder account to 2.25%.   In order to get this rate, depositors must either (a) maintain a $25,000 account balance, or (b) maintain a $100 balance and deposit at least $100 in each monthly observation period.  BestCashCow has rated CIT Bank as a Best Bet for 2019 (read more here).


Customer Reviews for CIT Bank


  • Call Center Staff

    August 18, 2018 |

    Online Savings Rates

    The website is not crisp and the call center staff is focused on "upselling" CDs. Otherwise, a good experience.

  • mrcasella

    July 13, 2018 |

    CD rates good-but website is dated and could not transfer funds from savings to new cd. Holding period is too long. Site needs drastic improvement-see ALLY Bank.

  • JB Steele

    May 28, 2018 |

    Online Savings Rates

    Customer for many years and I have only had good experiences. If money market is higher than savings, a 2 minute phone call gets you into the higher account. They used to have great CDs too, and I wish they would offer those again.

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