Savings Account Features Guide
| Interest Rate |
| APY |
3.85% |
| Minimum Deposit Amount |
$5,000.00 |
| Maximum Deposit Amount |
N/A |
| Balance Requirements |
| Minimum Opening Deposit |
$100.00 |
| Minimum Balance to Avoid Fees |
- |
| Minimum Required Balance |
- |
| Fees |
| Monthly Maintenance Fee |
N/A |
| Foreign ATM Fees |
N/A |
| Insufficient Funds Fee |
$25.00 |
| Incoming Wires |
N/A
|
| Account Opening |
| Open Online |
Yes |
| Insured by |
F.D.I.C.
|
| Statements |
| Paper Statements |
× |
| Online Statements |
Yes |
| Online and Telephone Banking |
| Online Banking |
Yes |
| Telephone Banking |
Yes |
| Mobile Banking |
Yes |
| Deposit Checks with Mobile Device |
Yes |
| Free Bill Pay |
Yes |
| Online Bill Payments Required |
Yes |
Account Description
• Earn 7x the national average
• Quick and easy access to funds
• No monthly service fees
• 24/7 secure & award-winning banking
• A limit of six transactions per statement cycle
• Deposit checks remotely and make transfers with the CIT Bank mobile app
• Interest earned on entire daily balance. Compounded daily; paid monthly
• Excessive Transaction Fee : $10 per transaction; assessed from the first violation. $50 monthly cap.
Rate History
|
Date
|
APY
|
|
September 29, 2025
|
3.85%
|
|
July 07, 2025
|
4.00%
|
|
March 20, 2025
|
4.10%
|
|
February 07, 2025
|
4.30%
|
|
December 21, 2024
|
4.35%
|
|
November 13, 2024
|
4.55%
|
|
September 25, 2024
|
4.70%
|
|
September 10, 2024
|
4.85%
|
|
August 05, 2024
|
5.00%
|
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