High Yield Money Market Accounts

The bank account and interest rate you choose will affect your financial future in a number of ways. This holds true both for CD's, money market, and savings and checking accounts.

As you compare options, consider the following details: bonuses and promotions, fees, interest rates, account features, safety and security, cross-product offerings, and brand recognition (among others that are important to you).

Whether you are moving your balance or starting with new funding, we have you covered with a clean and easy to understand comparison of some of the top banks in the US.

CIT Bank Money Market Account

Highlights: Easily pay people and bills, with no monthly fees.

Highest APY Yield: 1.55%

Fund your account with at least $15,000 within 15 days and keep a minimum balance of at least $15,000 for 60 days following the 15-day funding period.
Within 30 days following the end of the review period, if you’ve fulfilled the requirements, we’ll send you an email with your Prime membership code.

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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.

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.