Choosing a savings account is an important decision, and one that can be made more convenient with the CIT Savings Connect app. This app offers high interest rates and other benefits, so you can easily manage your money on the go. You can also set up overdraft protection so you never get stuck paying for things that you didn’t intend to.
High-yield savings account
Whether you’re looking to invest in a retirement account, save for a special purchase, or just keep your money safe, a high-yield savings account can help you get the most from your savings. They offer higher interest rates than traditional savings accounts, and they often pay a tiered interest rate based on your balance.
High-yield savings accounts come with a lot of features, including account alerts, which can be used to notify you if there’s suspicious activity in your account. You’ll also need to maintain a minimum balance in your account, but this may be waived for certain customers.
CIT Bank has two high-yield savings accounts: the Premier High Yield Savings Account and the Savings Builder account. Both have similar features, though the Savings Builder account has a higher interest rate.
The CIT Savings Builder account offers an interest rate of up to 1.00%, and it can also offer a tiered interest structure based on your balance. In addition, you can earn a higher rate if you make a certain monthly deposit.
The Savings Builder account also has a few features that stand out, including an Introductory Offer that lasts one month after you open your account. However, the most important feature of the Savings Builder account is the high interest rate you’ll earn on all your balances.
Whether you are looking for a money market account or a high-yield savings account, CIT Bank offers several options. In addition to traditional savings accounts, the bank also offers CDs and other types of savings products.
The CIT Bank Savings Connect account is a high-yield savings account that offers a competitive APY, a no monthly service fee, and no minimum balance requirement. You can access your account online or on the CIT Bank mobile app. It’s easy to set up and manage.
CIT offers several high-yield savings accounts that offer competitive rates. The CIT Savings Connect offers a higher rate than the Savings Builder account. However, the Savings Builder account offers more features.
CIT Bank offers two types of savings accounts: the CIT Savings Builder and the CIT Money Market Account. The CIT Money Market Account requires a $100 minimum deposit to open, and allows you to transfer money between accounts online and by using electronic funds transfers. However, you do not receive a debit card.
CIT Bank offers several types of CDs, including jumbo CDs. Jumbo CDs are accounts that have a lower interest rate than traditional CDs. However, jumbo CDs also have a higher monthly deposit requirement than other CDs. You can choose from a range of terms ranging from six months to five years.
Getting a high-yield online savings account is beneficial for anyone who wants to grow their money faster. The CIT Savings Connect account offers a lot of advantages. Among the features are no monthly service fees, online banking, and competitive interest rates.
In addition, CIT Bank has a mobile app that allows you to deposit money, pay bills, and manage your account from the convenience of your mobile device. Additionally, customers can transfer funds through Zelle and Samsung Pay. The mobile app is easy to use and has 4.6 stars out of five on the Apple store.
In addition, CIT Bank offers a money market savings account with no monthly maintenance fees and a high rate. Customers can also take advantage of fee-free ATMs nationwide, as well as reimbursements for foreign ATM fees. CIT also offers jumbo CDs for super savers.
Aside from its attractive features, the CIT Savings Connect account is trustworthy. CIT Bank uses layered security, antivirus protection, and encrypted data to protect your savings. Also, CIT Bank is a member of the Federal Deposit Insurance Corporation, which insures deposits at member financial institutions across the United States.
Another plus is that the CIT Savings Connect account is linked with a CIT eChecking account. If you choose the eChecking account, you’ll be able to use your mobile device to deposit money and pay bills.