CIT Bank Reviews and Rates

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.
Rates effective as of 01/23/15

Products & Services


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.

CIT Bank Products

High-Yield Savings
Term CDs
Jumbo CDs
RampUP™ CDs
Custodial UTMA
Traditional/Roth IRA

Founded in 2000

Locations, Hours, & Customer Service Contact

Customer Service Contact

1-855-GO-BankCIT (855-462-2652)

Hours of Operation

Monday - Friday
7:00AM - 9:00PM EST
9:00AM - 5:00PM EST
11:00AM - 4:00PM EST

CIT Bank Location : Headquarters

2150 South 1300 East, Suite 400
Salt Lake City, UT 84106
Phone: 801-412-6800

CIT Bank Interest Rates

I want to Deposit: $10,000

Best Rates (APY)
Account Type
Estimated Balance for 1 Year
3 Year CD
4 Year CD
5 Year CD
1 Year CD
2 Year CD
6 Month CD
Free, all-inclusive, and truly local: GOBankingRates.com is the only source for interest rates from over 5000 banks and credit unions.
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.

Banking Fees

National Average
Monthly Inactivity
Non sufficient Fund Overdraft
Stop Payment Item
Return Deposit
Domestic Wire Transfer (Outbound)
Domestic Wire Transfer (Inbound)
Non-Bank ATM

CIT Bank Reviews, News & Information

5 Best Online CD Accounts of 2014

You don't have to be chained to a traditional bank.

Read More »

Review: CIT Bank Online CD Account

CIT Bank has a long, storied history; CIT Group Inc., of which CIT Bank is a commercial bank subsidiary, was founded more than 100 years ago...

Read More »

GE Capital Retail Bank Bumps CD Rates Even Higher to 2.30% APY

You could be getting higher returns on a lower deposit.

Read More »

5 Best Online Savings Accounts of 2014 Review

Ring in the new year with a new savings account.

Read More »

Here’s What CIT Bank Is Doing to Protect Your Money Online

Here's one online bank that's striving to give your finances the best protection possible.

Read More »

CIT Bank Reviews

Leave a review

Submit your review
* Required Field

CIT Bank Rates are Some of the Best

May 20, 2013 by Rachel

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.

GoBankingRates , USA 0.0 0.0 0 0 Reviews for my site