CIT Bank High Yield Savings Review 2018

On CIT's website

Review Cheat Sheet

Despite being founded in 1908, CIT Bank is surprisingly leading the pack as a predominantly online bank that offers savings, CD, and money market rates that are in the top 1% of the country. The Premiere High Yield Savings Account is FDIC insured, doesn’t have any account opening or maintenance fees, and compounds interest daily with a jaw-dropping APY of 1.55%. It’s a great place to put uninvested cash and earn a risk-free return.

Table of Contents

The CIT Premiere High Yield Savings Account is perfect for those who want to earn way more than the national average APY for their cash balances. CIT provides 1.55% daily compounding interest on all cash balances.

Pros

  • Highly competitive APY of 1.55%
  • No monthly or hidden account fees
  • Interest compounds daily
  • 24/7 customer service

Cons

  • No checking account available at CIT
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