CIT Bank Promotions November 2019: $150, $300 Bonus, 1.85% Savings Builder, 1.85% APY CD Term

CIT Bank
Find the most updated CIT Bank promotions, bonuses, rates, and offers for November 2019 here.

At the moment you can earn $150, $300 bonus and 1.85% APY for a Savings Builder account, 1.85% APY for a Money Market account, 1.80% APY for a No-Penalty CD account, and up to 1.85% on a Term CD account, and many other promotions.

About CIT Bank Promotions

For more than 100 years, CIT Group Inc., a Fortune 500 company, has helped drive innovation as a leader in middle-market lending, and financing the retail, energy, healthcare, transportation and technology sectors.

CIT Bank is also perfect if you are looking for high interest rates to build up your savings account! If you want to check up on the internet’s most complete list of Bank Account Rates.

  • Availability: Nationwide (Online)
  • Routing Number: 124084834
  • Customer Service: Contact Information

Currently, CIT Bank is offering Savings Accounts, Money Market Accounts, and CDs with various rates but we recommend you compare their rates with our full list of CD Rates.

Next, I’ll review current CIT Bank offers below.


CIT Bank Savings Builder $150 or $300 Bonus

CIT Bank CD CIT Bank Money Market Account CIT Bank Promotions Bonuses CIT Bank Savings Builder CIT Bank Bonuses Promotions Savings Builder CD No Penalty Bonus Money Market Savings Account

Earn 1.85% APY with CIT Bank Savings Builder

The CIT Bank Savings Builders account is a tiered savings account that allows you to earn competitive rates based on account balances or when you have a direct deposit.

For current and new account holders, you can now earn up to $300 bonus. Simply open a Savings Builder account with a minimum of $100 and enter the promo code, Bonus19.

Fund your account within 15 calendar days of the open date to meet one of the following balance requirements.

  • Account Type: Savings Builder
  • Availability: Nationwide; Online Only
  • Credit Inquiry: Soft Pull
  • Opening Deposit: $100 minimum
  • Credit Card Funding: None
  • Direct Deposit Requirement: No
  • Monthly Service Fee: None

(Expires 12/31/2019)

You can begin your savings journey with Savings Builder which allows you to earn interest regardless of your account balance. CIT Bank Savings Builder Review.

How To Earn Rate

HOW TO EARN BONUSHOW TO EARN RATERATE TIERSACCOUNT FEATURESFINE PRINT

New Accounts and existing accounts are eligible to earn up to a $300 bonus by meeting deposit requirements.

Add funds within 15 calendar days of opening your account and you can earn a cash bonus.

Bonus Amount Additional Deposit Requirement
$150 $25,000 to $49,999
$300 $50,000 or more

New money must come from an external institution to meet deposit requirements. Lastly, you must maintain the minimum balance requirement for the desired bonus for 30 days.

Existing customers with open Savings Builder Accounts must enroll their account into the promotion using the enrollment web page.

  • Maintain at least a $25,000 balance OR make at least a $100 each month to earn the highest rate.
  • The higher interest rate can be earned by completing one of following requirements:
    1. Monthly Savers:
      • Make at least one single deposit of $100 or more during the first Evaluation Period which begins on the third business day prior to the end of the month the account was opened.
      • Additional deposits made between the account opening date and the beginning of the first Evaluation Period will not qualify.
      • In order to continue to earn the higher rate, make at least one single deposit of $100 every month.
    2. High Balance Savers:
      • Have an account balance of $25,000 or more on each Evaluation Day. The Evaluation day is the fourth business day prior to the end of the month.
Tier Balance Requirement APY
Base $0 – $25,000 1.17%
Upper $0 – $25,000, but with monthly deposit of $100 or more 1.85%
Upper $25,000+ 1.85%

*APY assumes the account is opened on the 15th day of the month and no qualifying deposits of $100 are made following account opening. Actual APY may be greater or less depending on the date the account is opened.

**Interest Rate is 1.833% during the Introductory Period and 0.995% thereafter.

***APY assumes additional qualifying deposits are made each Evaluation Period.

  • Make the most of your money. Online savings banks offer much higher rates than everyday banks. Open an account with $25,000 or more and earn a top tier, competitive APY on your money—one of the top savings rates in the nation.
  • Build a habit of savings. If you don’t have $25,000 in your account, you can still earn the higher APY Tier by making a monthly $100 or more deposit. Pay yourself first. Start with $100 per month and build your habit of savings-—all while getting a top rate.
  • Emergencies and unexpected events. Whether it’s for a job loss, pet expense, car or home repair, or medical issue, it’s most often the #1 reason people save.
  • New or next home. Grow your savings faster than at your everyday bank for your first—or next dream home.
  • On each Evaluation Day the interest rate applicable for the next Evaluation Period will be determined.
  • Accounts with an end-of-day balance of at least $25,000 on the Evaluation Day or with at least one deposit of $100 or more that posts to the account during the Evaluation Period will earn the Upper Tier interest rate during the next Evaluation Period.
  • Accounts with an end-of-day balance less than $25,000 on an Evaluation Day without a deposit of $100 or more that posts to the account during the Evaluation Period will earn the Base Tier interest rate for the next Evaluation Period.
  • This process will occur every month.
  • The First Evaluation Period for this account begins on June 26, 2019 and ends on the First Evaluation Day, Friday, July 26, 2019.
  • With a balance less than $25,000, in order to continue earning the Upper Tier interest rate during the next Evaluation Period, the customer must make at least one deposit of $100 or more during the First Evaluation Period, June 26 through July 26, 2019.

CIT Bank Money Market Account Offer 1.85% APY 

CIT Ban Money Market APY Interest

Earn 1.85% APY when you open a CIT Bank Money Market Account. With this account, you can earn a higher rate than at traditional banks and access your money easily.

  • Account Type: Money Market
  • Availability: Nationwide; Online Only
  • Credit Inquiry: Soft Pull
  • Opening Deposit: $100 minimum
  • Credit Card Funding: None
  • Direct Deposit Requirement: No
  • Monthly Service Fee: None

(FDIC Insured)

With a low-minimum opening deposit of $100, the CIT Bank Money Market Account is ideal for building an emergency fund or saving for a large purchase. CIT Bank Money Market Review.

How To Earn Rate

HOW TO EARN RATERATE TIERSACCOUNT FEATURESFINE PRINT
  • Open a CIT Bank Money Market account online with $100 opening deposit
  • Input your info – Provide your name, address, phone, email and social security number or Tax ID.
  • Fund the account – Fund your account with $100 minimum initial deposit
Balance Requirement APY
None 1.85%
  • Type of an account eligible for People Pay – You will need the have a Money Market account to use the People Pay service
  • Set up recurring payments – You may schedule payments for specific amounts and frequencies, including: weekly, biweekly, monthly, bimonthly, quarterly, semi-annually or annually
  • People Pay Usage outside of U.S – You may pay bills from outside the U.S. if you are using a compatible browser. Payments may only be made in U.S. currency to payees within the United States
  • For a joint membership in People Pay  Both account holders must be signers on a Money Market account. Each account holder needs a unique username and password to access People Pay. People Pay activity for both account holders can be viewed under Account Services in Online Banking
  • People Pay work through Pay Pal – You must enroll in the Pay Pal service. There may be a fee charged by Pay Pal for their People Pay service. The CIT Bank People Pay service is offered free of charge
  • Non-sufficient or unavailable funds – If you accidentally schedule a payment and have unavailable funds,
    your account will be charged a non-sufficient or unavailable funds fee of $30. Additional scheduled payments will be suspended until the matter is resolved with People Pay. For more information, please call the Contact Center at 855-462-2652
  • Customer Support – For People Pay inquiries, please call the Contact Center at 855-462-2652 or send them a Secure Message via Online Banking
  • Money Market Annual Percentage Yield (APY) is accurate as of May 10, 2019.
  • Interest Rates for the Money Market Account are variable and may change at any time without prior notice.
  • Fees will reduce earnings.

CIT Bank 1.80% APY 11-Month No-Penalty CD

CIT Bank CDs provide a safe, secure way to grow your savings and you can even choose from a selection of CD terms to help you stay on target for your savings goals.

  • Account Type: No-Penalty 11-Month CD
  • Availability: Nationwide; Online Only
  • Credit Inquiry: Soft Pull
  • Opening Deposit: $1,000 minimum
  • Credit Card Funding: None
  • Direct Deposit Requirement: No
  • Monthly Service Fee: None

(FDIC Insured)

Whether you’re investing your funds in an interest bearing account to save up for your next vacation, a new car, house, or even retirement, the 1.80% APY 11-Month No-Penalty CD is a definite and secure way to do so! CIT Bank No-Penalty CD Review.

How To Earn Rate

HOW TO EARN RATERATE TIERSACCOUNT FEATURESFINE PRINT

You will need the standard information, including your SSN, drivers license, the account information of the bank you wish to link to your CIT account, and similar information.The minimum deposit for CDs is $1,000 for the no penalty CD.

  1. Select the No-Penalty CD on CIT Bank’s website.
  2. Complete your application.
  3. Review and accept the terms and conditions.
  4. Set up a few security questions.
  5. Fund the new account (You can transfer money into CIT through an ACH transfer)
Term Length Account Balance APY
11-Month No-Penalty CD $1,000+ 1.80%
  • No penalty to access funds if needed before maturity
  • No opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • FDIC insured
  • APY — Annual Percentage Yield is accurate as of November 1, 2019.
  • You may withdraw the total balance and interest earned, without penalty beginning seven days after the funds have been received for your CD. No withdrawals are permitted during the first six days following the receipt of funds.

CIT Bank CD Accounts

CIT Bank CD CIT Bank Money Market Account CIT Bank Promotions Bonuses CIT Bank Savings Builder CIT Bank Bonuses Promotions Savings Builder CD No Penalty Bonus Money Market Savings Account

With only $1,000 account opening deposit you can open a CD with Cit Bank. Additionally, you get to enjoy no maintenance fees, daily compounding interest to maximize your earning potential.

  • Account Type: CD
  • Availability: Nationwide; Online Only
  • Credit Inquiry: Soft Pull
  • Opening Deposit: $1,000 minimum
  • Credit Card Funding: None
  • Direct Deposit Requirement: No
  • Monthly Service Fee: None

(FDIC Insured)

CIT Bank offers CD terms from 6 to 60 months with competitive rates ranging from 0.72% APY up to 1.70% APY. For a full list of their rates please check out our CIT Bank CD Account Review.

How To Earn Rate

HOW TO EARN RATERATE TIERSACCOUNT FEATURESFINE PRINT

You will need the standard information, including your SSN, drivers license, the account information of the bank you wish to link to your CIT account, and similar information. The minimum deposit for CDs is $1,000 for the no penalty CD.

  1. Select the CD term on CIT Bank’s website of your choice.
  2. Complete your application.
  3. Review and accept the terms and conditions.
  4. Set up a few security questions.
  5. Fund the new account (You can transfer money into CIT through an ACH transfer)
Term Length APY Account Balance
6-Month 0.72% $1,000+
12-Month 1.80% $1,000+
13-Month 1.82% $1,000+
18-Month 1.85% $1,000+
24-Month 1.40% $1,000+
36-Month 1.30% $1,000+
48-Month 1.50% $1,000+
60-Month 1.70% $1,000+
  • No penalty to access funds if needed before maturity
  • There is no opening or maintenance fees
  • Daily compounding interest to maximize your earning potential
  • FDIC insured
  • APY — Annual Percentage Yield is accurate as of November 8, 2019.
  • You may withdraw the total balance and interest earned, without penalty beginning seven days after the funds have been received for your CD.
  • No withdrawals are permitted during the first six days following the receipt of funds.

Bottom Line

If you don’t mind not having a not having a physical location, you can sign up for any CIT Bank promotions and enjoy these bonuses!

Also, get great interest rates on savings accounts that features a daily compounding of interest to maximize earning potential! Never worry about hidden fees, and bank on-the-go!

Compare these offers with other institutions like Discover Bank, TD Bank, Chase, Huntington, and our extensive list of banking promotions.

*Check back to find the latest CIT Bank promotions, offers, and rates.

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