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CIT Bank Reviews, Rates and Information

AVG Customer Rating ★★★★★4.0000

About

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.

Product Information

About CIT Bank's Products & Services

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.

CIT Bank Products

  • High-Yield Savings

  • Term CDs

  • Jumbo CDs

More Products

  • RampUPTM CDs

  • Custodial UTMA

  • Traditional/Roth IRA

CIT Bank Rates

CIT Bank: National Interest Rates

All rates effective as of 12/31/2015

Rate (APY)

Account Type

Estimated Balance for 1 year

1.22%APY

1 Year CD

$25,305
1.40%APY

2 Year CD

$25,350
1.50%APY

3 Year CD

$25,375
1.80%APY

4 Year CD

$25,450
2.20%APY

5 Year CD

$25,550
0.45%APY

6 Month CD

$25,113
2.25%APY

5 Yr Jumbo CD

$25,563
1.00%APY

Savings

$25,250
1.47%APY

2 Yr Jumbo CD

$25,368
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Today's Featured Rate

CIT Bank Bank Fees

Type

Fee

National Average

Monthly Inactivity

$0.00
$7.00

Domestic Wire Transfer (Outbound)

$10.00
$22.00

Domestic Wire Transfer (Inbound)

$0.00
$9.00

Customer Reviews

CIT Bank Rates are Some of the Best

4

May 20, 2013 by

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.

CIT Bank Customer Service Information

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2180 S 1300 East Suite 400 Salt Lake City, UT 84106 1-855-GO-BankCIT
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