CIT Bank, Earn 2.15% APY with Savings Builder Account

CIT Bank is offering a 2.15% APY on its Savings Builder Account. The rate is very competitive for large balances, and has easy requirements in order to qualify.

cit bank savings 2.15

Offer Requirements

Earn 2.15 APY with a CIT BANK Savings Builder Account if you fulfill ONE of the following requirements:

  • Account must have an end-of-day balance of at least $25,000 on the Evaluation Day OR
  • Account must have at least one deposit of $100 or more that posts to the account during the Evaluation Period

As an added bonus everyone will receive 2.15% to start but after that first full month they will need to meet one of the qualifying actions.

This process will occur every month. If you miss the monthly deposit and you’ll drop down to 1.14% APY for the following month but it’s easy to get back up to the higher rate. Just make that single $100 or more deposit before the next month is over and you’ll return to the higher rate.

Promo Page


The offer is available nationwide.

Existing customers should also qualify. I don;t see anything in the terms about it. Might be safe to double check first.

Guru’s Wrap-Up

We’ve seen bank increase deposit accounts rates lately. Nowadays there’s many banks out there that regularly offer 1.9-2% APY on Savings and Money Market accounts. For balances under $5,000 you can usually do even better.  But, 2.15% is one of the better offers for large balances and you can open an account with just $100. To get the 2.15% APY you just need to have at least $25,000 in the account or a monthly deposit of $100.

One main issue with CIT is that they do not raise rates automatically as other banks do. So you will be stuck with 2.15%, unless you call in and ask for them to adjust rate on your account. They often offer these new increased rates for new customers and leave rates unchanged for those who already have an account.

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