About CIT Bank
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender).
Our Take
If you find yourself searching for the best money market account — perhaps to earn more interest than a traditional savings account — CIT has you covered.
The CIT Bank Money Market Account is an industry leader for a variety of reasons:
- 1.55% APY yield
- Access to both Bill Pay and Zelle for paying people and paying bills
- No monthly service fees
- FDIC Insured
When a money market account is what you need, this product from CIT Bank deserves a second look. There aren’t many competitors that offer the same high level of features, including an above-average APY yield.
Terms and Conditions
* APY — Annual Percentage Yield is accurate as of August 25, 2022. Interest Rates for the Money Market account are variable and may change at any time without prior notice. Fees may reduce earnings.
** Based on comparison to the national average Annual Percentage Yield (APY) on money market accounts as published in the FDIC National Rates and Rate Caps, accurate as of July 18, 2022.
Money Market Promotion
***This limited time offer of a one-year Amazon Prime membership is available to Customers who open a new CIT Bank Money Market account and enter the promotion code “AMZN22” at the time of account opening. The Promotion begins on March 23, 2022 and can end at any time without notice. Customers who are already Amazon Prime members can use the one year of Amazon Prime to renew their membership for an additional year.
Customers will receive a one-year Amazon Prime membership1 provided that the following three requirements are met:
Open a new CIT Bank Money Market account and enter the promotion code “AMZN22” at the time of account opening.
Deposit at least $15,000 to the account within the first 15 calendar days following account opening (the “Funding Period”). The $15,000 used to fund the account must come from a funding source outside of CIT Bank. Transfers from existing CIT Bank accounts will not qualify.
Maintain an end-of-day account balance of at least $15,000 each of the 60 days following the end of the Funding Period. If the end-of-day balance falls below $15,000 at any time during this 60-day period, you will not qualify for the Amazon Prime membership offer.
There is a limit of one Money Market promotional offer per account and per customer. If multiple Money Market accounts are opened, only one account will be eligible. Custodial accounts are not eligible. This offer is non-transferable.
Customers meeting all of the above requirements will be sent an email with instructions on how to activate their one-year Amazon Prime membership. This instructional email will be sent to the email address on file for the primary account owner approximately 30 days after the end of 60-day period specified in requirement #3, above. The account must remain open for the instructional email to be sent.
IMPORTANT: All customers who qualify for the one-year Amazon Prime membership must redeem it no later than 03/23/2024. Customers who fail to redeem by this deadline will forfeit the one-year Amazon Prime membership from CIT Bank.
Note: information and access to the one-year Amazon Prime membership is provided in electronic form, via email. No paper certificates or gift cards are available.
Availability
Available nationwideContact CIT Bank
Customer Service: 1 (855) 462-2652
Fraud, Disputes & Related Issues: 1 (855) 462-2652
