2180 S 1300 East, Suite 250
Salt Lake City, Utah 84106
| 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 |
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.
| Online Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings Builder
|
2.30% | $25,000 | - | Learn More |
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 11 Month No Penalty CD
|
2.05% | $1,000 | - | Learn More |
| 12 Month Term CD
|
2.20% | $1,000 | - | Learn More |
| 18 Month CD
|
2.40% | $1,000 | - | Learn More |
| 24 Month Term CD
|
1.40% | $1,000 | - | Learn More |
| 36 Month Jumbo CD
|
1.40% | $1,000 | - | Learn More |
| 48 Month Jumbo CD
|
1.60% | $1,000 | - | Learn More |
| 60 Month Jumbo CD
|
1.75% | $1,000 | - | Learn More |
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 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).
CIT Bank has raised its Savings Builder rate to 2.45%. The Savings Builder account requires either a $25,000 minimum deposit, but can also be opened with as little as $100 with the rate extended each month that you add over $100 to the account each month.
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Customer Reviews for CIT Bank
JN Howard
August 10, 2019 |
I am not sure about all of the rave reviews. I've seen nothing but rate cuts and specious arguments about why I am earning less than the best rate (I have $200,000 on deposit, not $25). The website feels old and does not inspire confidence (versus Purepoint or Marcus). I see no reason to run, but no reason to stay.
Is this review helpful? Yes:0 / No: 0
USALoveAmerica
January 04, 2019 |
Current rate today Jan 4, 2019: 2.45%... Right on. I just transferred my money from brick and mortar to online CIT BANK. I will monitor and watch closely that they keep this competitive rate!!! Thanks to CIT BANK. Cheers!!!! Happy New Year. : )
Is this review helpful? Yes:1 / No: 0
Dan
December 25, 2018
Opened a savings account at 1.85%. Current rates at 2.25% but they keep me at 1.85, said it's a "new type of account". Not worth the hassle. Also concerned about website cybersecurity; they have poor practices. Wait times were on the long side but I was able to get through. Not the best experience but still beats every brick and mortar bank.
Is this review helpful? Yes:1 / No: 0
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