CIT Bank Savings Account, up to $300 Bonus

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CIT Bank Savings Account bonus

CIT Bank Savings Account, up to $300 Bonus

CIT Bank is offering a bonus of $150 or $300 and a 1.75% APY on its Savings Builder Account. The offer is for both new and existing customers. The rate is a competitive one for large balances. And you are also getting a cash bonus. Let’s check the details.

New Customers

Open a Savings Builder account with a minimum of $100 and enter the promo code, Bonus20. Fund your account within 15 calendar days of the open date to meet one of the following balance requirements.

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

Maintain the minimum balance requirement for the desired bonus for 90 calendar days.

The $25K balance also qualifies you for the 1.75% APY.

Sign-Up & More Info

Existing Customers

Enroll in the promotion. Add funds within 15 calendar days of your enrollment with new money from an external financial institution to meet one of the following deposit requirements.

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

Maintain the minimum balance requirement for the desired bonus for 30 calendar days.

The $25K balance also qualifies you for the 1.75% APY.

PROMOTION PAGE

Key Terms

  • Promotion valid between February 19, 2020 and May 30, 2020
  • All funds deposited to qualify for bonus eligibility must be new funds. Funds already on deposit with CIT Bank, N.A. are ineligible.
  • Customer must maintain the required minimum balance for 30 calendar days (the “Review Period”) after the end of the Funding Period.

Conclusion

Bank rates have been going down lately, and 1.75% APY is close to the best rates you can get nowadays. CIT Bank also has a Money Market account that offers 1.80% APY, but no bonus.(But to be fair neither account is the absolute highest.) Previously the bonus for the Savings Builder account was $100 and $200, so it is now better at $150 and $300.

This promotion does have a somewhat high deposit requirement, but between the interest rate and the $300 bonus it could make sense given you don’t have to leave it in the account for too long. The fact that this is also open to existing customers is a win as well.

Are you a current CIT Bank customer? Are you going to sign-up? Share your thoughts or experiences in the comments!

DDG
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last two years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

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Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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