Savings Account Features Guide
Interest Rate | |
APY | 5.05% |
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.