CIT Bank (FDIC certificate 35575) was established in 2000 and operates online. Mr. Randall Chesler, President of CIT Bank, leads a team of 1194 employees.The bank's parent holding company, CIT GROUP INC. is based in Livingston, NJ.
CIT Bank, headquartered in Salt Lake City, UT, is rated four stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a four star rating indicates, among other things, that this institution has at least 1½ times the capital that regulators require, is profitable (or operating with a very small loss) and has kept its delinquent loans in check.
CIT Bank is a state chartered commercial bank and not a member of Federal Reserve. With $21 billion in total assets, the FDIC classifies the bank’s asset concentration as "Commercial Lenders" which is defined as institutions whose commercial and industrial loans, plus real estate construction and development loans, plus loans secured by commercial real estate properties exceed 25 percent of total assets.
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
Founded in 2000
Locations, Hours, & Customer Service Contact
Hours of Operation
CIT Bank Location : Headquarters
Salt Lake City, UT
CIT Bank: National Interest Rates
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CIT Bank Rates are Some of the Best
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.