Related Topics: Savings

Most U.S. banks offer next to nothing on interest earnings for savings accounts these days. How to grow savings in the era of low interest rates? If you are unhappy with slow earnings on bank savings accounts, you should consider looking for a better alternative. You can grow your money at a better pace with CIT Bank for reasonable return on your savings. CIT offers FDIC-insured high yield savings accounts with a 1.80% annual interest. It can be your choice of savings deposits so that you won't lose your hard-earned money to inflation.

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CIT Bank is a U.S.-based bank with over 100 years of history. It has approximately $50 billion in assets and more than $30 billion of deposits. It is a public company listed on the New York Stock Exchange. CIT Bank offers high-yield savings and CD accounts. New customers in any part of the United States can open and then manage their CIT Bank savings accounts online. Deposits and withdrawals can be managed via inter-bank electronic transfers, checks, or wire transfers. CIT Bank provides FDIC (Federal Deposit Insurance Corporation) insurance on all bank accounts.

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BBVA Bank, formerly BBVACompass Bank, is a U.S.-based bank with over 50 years of history. It has been a wholly-owned subsidiary of Banco Bilbao Vizcaya Argentaria (BBVA), the second largest bank in Spain, since 2007 and operates mainly in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas. It has over $86 billion in assets and more than $12 billion of equity. With over 600 branches in the South and West, it is the 30th largest bank in the United States. BBVA Bank offers money market savings, checking, CD accounts.

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Most banks are offering extremely low interest on bank accounts these days. Don’t miss the industry-leading interest rates for savings from CIT Bank. You can open a Savings Builder account to earn 1.75% annual yield and $300 bonus.

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