CIT Bank

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

CIT Bank

2019 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 - August 21, 2019

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
18 Month CD
2.40% $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).

CIT Raises Savings Builder Rate to 2.45%
Jan 3, 2019

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.

Customer Reviews for CIT Bank

  • JN Howard

    August 10, 2019 |

    Online Savings Rates

    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.

  • USALoveAmerica

    January 04, 2019 |

    Online Savings Rates

    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. : )

  • Dan

    December 25, 2018

    Online Savings Rates

    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.

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