CIT Bank has three savings accounts: Platinum Savings, Savings Connect and Savings Builder. If you’re confident you’ll always have at least $5,000 in your account, Platinum Savings is the best bet, due to its 5.00% APY. However, if your balance dips below that threshold, you’ll only earn 0.25% APY.
The Savings Connect account may be a better fit because you’ll earn a 4.65% APY, regardless of your balance. The Savings Builder, which only pays a maximum of 1.00% APY, isn’t worth a look.
CIT savings account features
| Account | APY | Minimum balance | Monthly fee |
| CIT Platinum Savings | 5.00% on balances $5,000 and more; 0.25% on balances under $5,000 | $100 to open; no requirement after that | None |
| CIT Savings Connect | 4.65% | $100 to open; no requirement after that | None |
| CIT Savings Builder | 0.40% – 1.00% | $100 to open; must maintain $25,000 balance or make at least one monthly deposit of $100 or more to earn upper-tier interest rate | None |
Rates as of July 26, 2024.
