RedditCIT Bank is a U.S.-based bank with over 100 years of history. It merged with First Citizens Bank in 2022. CIT Bank’s parent company, First Citizens BancShares Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $100 billion in assets. CIT Bank offers industry-leading interest rates for savings accounts. CIT Bank provides FDIC (Federal Deposit Insurance Corporation) insurance on all bank accounts, which gives you insurance coverage to keep you free of any financial loss of up to 250,000 U.S. dollars.
- Open a Platinum Savings account and get up to $300*. Enter promo code PS2025 at opening. $100 minimum opening deposit.
- Get 3.85%¹ APY with a balance of $5,000 or more.
- Earn 9x the National Average APY² on balances of $5,000 or more
- Your CIT Bank account is FDIC insured, which means it's secure
- CIT Bank's mobile app makes it easy to manage your account
- No account opening or monthly services fees, so you can keep what you earn.
- Opening a Platinum Savings account takes about five minutes on your computer or mobile phone
- CIT Bank is a division of First-Citizens Bank & Trust Company, a member of the Federal Deposit Insurance Corporation (FDIC), which means your deposit accounts are insured up to $250,000 per depositor, for each account ownership category.
- For complete list of account details and fees, see our Personal Account disclosures.
Disclosures:
¹ Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. *APYs - Annual Percentage Yields are accurate as of September 23, 2025: 0.25% APY on balances of $0.01 to $4,999.99; 3.85% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
² Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of September 15, 2025.
