CIT Bank offers personal banking products as a subsidiary of CIT (NYSE: CIT), a commercial lender with a strong presence in the global industrial market. Established in 1908, parent company CIT maintains a leading role in the online lending market with approximately $14 billion in deposits and more than $20 billion in assets.
CIT Bank is offer low-fee deposit accounts that include a high-yield savings account, certificates of deposit, and IRAs. Its savings account features tiered rates to help customers earn more interest as their savings grow. CIT Bank CDs include a range of options, like flexible CDS , fixed-rate CDS and jumbo CDs, with terms of up to five years. Like many online banks, CIT Bank provides above-market interest rates while keeping fees at a minimum for deposit accounts. CIT Bank also offers traditional and Roth IRAs. CIT Bank accounts can be accessed 24/7 through its site and mobile app.
Founded in 2000, CIT Bank provides a robust offering of personal finance products comprising Term CDs, high-yield saving accounts, custodial accounts and IRAs. You can access your CIT Bank account online using your desktop or mobile device.
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I have had CIT Bank for just about a year and their rates are among the best. If you have money that you want to set and forget I would recommend CIT Bank for all your deposit needs.