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CIT Bank Savings Connect Account
- Our Rating 4.5/5 How our ratings work
- APY3.65%
APY — Annual Percentage Yield is accurate as of November 20, 2025. Interest Rates for the Savings Connect Account are variable and may change at any time without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the account.
- Minimum
Deposit Required$100 - Intro Bonus N/A
CIT Bank's Savings Connect account is one of our top picks for high-yield savings accounts. Featuring a competitive flat APY on all balances, it can go head-to-head with most of the top savings accounts available. What's more, you don't have to do anything special to earn this high interest rate; many similar accounts (including some offered by CIT) only offer their highest interest rates to customers who complete certain requirements.
Earn High Interest Rates with No Monthly Fees
The CIT Bank Savings Connect account could be a solid solution if you’re looking for a high-yield savings account with an impressive APY and easy-to-use online banking services.
With a current APY (annual percentage yield) of 3.65%**, the savings account offers some of the most competitive rates currently available among high-yield savings accounts. Plus, you can enjoy the convenience and security of an FDIC-insured savings account from CIT (a division of First Citizens Bank) with zero monthly service fees.
Pros
- Competitive APY
- No monthly service fee
- Free electronic bank transfers to checking accounts (even if it isn't a CIT checking account)
Cons
- No fee-free ATM network
- Minimum opening deposit required
Features
The CIT Bank Savings Connect account offers its customers a generous 3.65% APY**, making the high-yield savings account a great place to stash away a fund for emergencies, holiday spending, down payment, vacations, wedding planning or any other short-term savings goal.
On top of the attractive interest rate, the CIT Bank Savings Connect account also comes with convenient remote deposit capabilities, online banking and a user-friendly mobile app.
CIT Bank is a member of the Federal Deposit Insurance Corporation. Your deposit accounts with CIT Bank are insured for up to $250,000 per depositor for each ownership category.
APY
CIT Bank Savings Connect customers can enjoy a solid 3.65% APY** on the funds they tuck away in their savings account. Unlike some other high-yield savings accounts on the market, you don't have to meet a lot of criteria to earn that elevated interest rate.
Fees
With the CIT Bank Savings Connect account, you don't have to worry much about fees: There are zero monthly service fees with this linked online account combination. Some other banks charge monthly fees, and if you want to avoid paying them, you might have to jump through hoops, like having a certain number of direct deposits or a minimum average daily balance to qualify for a waiver.
The only fees the bank charges with the Savings Connect account are:
- Outgoing wire fees: $10 (waived if you have a balance of $25,000 or more)
- Returned deposit fees: $10
So, if you avoid sending outgoing wire transfers and having returned deposits, you shouldn't have to worry about paying any bank fees.
Minimum Deposits and Maximum Withdrawals
When you open a new CIT Bank Savings Connect account, you'll need to make a minimum deposit of at least $100. However, the online bank does not have any physical branches. As a result, you will need to make your opening deposit in one of the following ways:
- Electronic transfer
- Wire transfer
- Mail a check
Accessing Your Funds
There are several convenient ways to withdraw funds from your savings account when you need them. Here are a few options:
- Electronic bank transfers: These are free of charge between your Savings Connect account and your checking account, even if you hold a checking account with another bank.
- Wire transfers: You can schedule wire transfers for a $10 fee (or free of charge if your account has a balance of $25,000 or more).
- Check: You can request a check in the mail from your savings account.
How to Open an Account
It's easy to open a CIT Bank Savings Connect account. The bank says the three-step process takes about 10 minutes to complete online:
- Fill out an application with information like your name, address, email, phone number, Social Security number, date of birth and citizenship status.
- Once your application is accepted, fund your accounts with at least $100 to open a Savings Connect account via electronic transfer, wire transfer or by mailing in a check from another bank.
- The bank will send you a confirmation email once it accepts your application and receives your initial deposit.
- Then you can set up your online banking profile and mobile app to start using your account.
Ready to open a CIT Bank Savings Connect Account? Start here.
Disclosures
For complete list of account details and fees, see our Personal Account disclosures.
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 November 20, 2025: 0.25% APY on balances of $0.01 to $4,999.99; 4.00% 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.
**APY — Annual Percentage Yield is accurate as of November 20, 2025. Interest Rates for the Savings Connect Account are variable and may change at any time without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the account.
Michelle Lambright Black
Michelle Black is founder of CreditWriter.com and HerCreditMatters.com. Michelle is a leading credit card journalist with over a decade and a half of experience in the financial industry. She’s an expert on credit reporting, credit scoring, identity theft, budgeting, small business, and debt eradication. Michelle is also a certified credit expert witness and personal finance writer.
