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  • Bank left illustration

    Money Market -
    %
    APY1

    Reach your savings goals with a CIT Bank Money Market account. $100 minimum opening deposit.

    Bank right illustration
  • Benefits of the Money Market account

    • Earn over 12x the national average2
    • Quick and easy access to funds3
    • No monthly service fees
    • 24/7 secure & award-winning banking
    • FDIC insured4

  • Why a Money Market account is the right choice for your savings goals

    House

    Save to buy a home

    Just getting started or getting close to reaching your down-payment goal? Grow your funds with competitive rates—and then access them easily when you find your dream home.

  • Magnify money logo
    Magnify Money's Best Money Market Account Rates List
    Bankrate’s Safe & Sound® Five Star Rating Q2 2017
    Bankrate’s Safe & Sound® Rankings

    Your hard-earned money
    deserves a hard-working bank5

  • Open a Money Market account in 3 simple steps

    1

    Enter your info

    You’ll need to provide your address, phone, email and social security number (or other taxpayer ID).

    2

    Fund your account

    Minimum of $100 to open your account. You can transfer funds with electronic transfer, mail in check, or wire.

    3

    Now you're done

    We'll send a confirmation email.

  • Calculate both time and money

    Use this calculator to find out how much interest you can earn with a Money Market account.

    Try our calculator

    Busting Money Market myths

    Get the facts on why a Money Market account is great choice for short- or long-term savings.

    Read more
  • High interest rate, and access when you need it

    Open an account today.

  • Compare our Money Market and Savings products

     Money MarketSavings BuilderPremier High Yield Savings
    Annual Percentage Yield
    -%1

    < $25,000: -% APY**/0.995% Interest Rate***

    < $25,000 with minimum $100 monthly deposit: -% APY****/2.225% Interest Rate

    ≥ $25,000: -% APY/2.225% Interest Rate

    -%*****
    Minimum to Open Account
    $100 $100$100
    Interest Earned
    Interest earned on entire daily balance. Compounded daily; paid monthly. Interest earned on entire daily balance. Compounded daily; paid monthly. Interest earned on entire daily balance. Compounded daily; paid monthly.
    People Pay Account to Account & PayPal
    YesNoNo
    External Transfer Limits

    Electronic transfer (ACH): $2 million per transaction/$2 million daily


    People Pay:

    • Account to Account: $50 per transaction / $50 daily
    • PayPal: $50 per transaction/$50 daily

    Bill Pay: Account balance

    Electronic transfer (ACH): $2 million per transaction / $2 million daily Electronic transfer (ACH): $2 million per transaction / $2 million daily
    Excessive Transaction Fee
    $10 per transaction; assessed from the first violation. $50 monthly cap. Not applicableNot applicable
    FDIC Insured4
    YesYesYes
    24-hour Online Account Access
    YesYesYes 
    Bill Pay
    Coming soonNoNo
    Money Market Bill Pay Stop Payment
    $30 per checkNot applicableNot applicable 
    Monthly Service Fee
    NoneNoneNone 
    Monthly Transaction Limits5
    66
    Overdraft Fee
    $25Not applicableNot applicable
    Outgoing Wire Fee (domestic only)
    $10 fee for account with daily average balance < $25,000; $0 for balances> $25,000.$10 fee for account with daily average balance < $25,000; $0 for balances> $25,000.$10 fee for account with daily average balance < $25,000; $0 for balances> $25,000.


    ** APY assumes the account is opened on the 15th day of the month and no qualifying deposits of $100 are made following account opening. Actual APY may be greater or less depending on the date the account is opened.


    *** Interest Rate is 2.225% during the Introductory Period and 0.995% thereafter.


    **** APY assumes additional qualifying deposits are made each Evaluation Period.


    ***** Premier High Yield Savings is a tiered interest rate account. Annual percentage yields (APYs) are accurate as of -: -% APY on balances of $250,000 or less; -% APY on balances greater than $250,000. 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. Premier High Yield Savings rates are variable and may change without notice.


    Savings Builder Disclosures
    Savings Builder is a tiered interest rate account. Tier levels are subject to change without notice. Interest rates and Annual Percentage Yields (APYs) are variable and may change without notice. Minimum to open account is $100. APYs are accurate as of November 15, 2018. Fees could reduce earnings on the account.

    Important Definitions

    • "Evaluation Day" - The fourth business day prior to the end of a month. The first Evaluation Day will occur at the end of the first full Evaluation Period after account opening.
    • "Evaluation Period" - Begins the day after an Evaluation Day and ends at 4:00 pm PT on the next month's Evaluation Day. The first Evaluation Period will begin on the day after the fourth business day prior to the end of the month of account opening, except for accounts opened after the fourth business day before the end of a month, in which case the first Evaluation Period will begin on the day after the fourth business day prior to the end of the next month. Additional deposits of $100 or more made between the account opening date and the start of the first Evaluation Period will not count for purposes of determining the interest rate after the Introductory Period, unless they result in an account balance of $25,000 or more on the first Evaluation Day.
    • "Introductory Period" - Begins the day of account opening and continues through the first Evaluation Day.


    Introductory Interest Rate
    During the Introductory Period, all new Savings Builder accounts will be paid the Upper Tier interest rate. After the Introductory Period ends, accounts will be evaluated on the first Evaluation Day to determine the interest rate to be paid for the next Evaluation Period.

    Monthly Determination of Interest Rate
    On each Evaluation Day the interest rate applicable for the next Evaluation Period will be determined. Accounts with an end-of-day balance of at least $25,000 on the Evaluation Day or with at least one deposit of $100 or more that posts to the account during the Evaluation Period will earn the Upper Tier interest rate during the next Evaluation Period. Accounts with an end-of-day balance less than $25,000 on an Evaluation Day without a deposit of $100 or more that posts to the account during the Evaluation Period will earn the Base Tier interest rate for the next Evaluation Period. This process will occur every month.

    Example: A Savings Builder account was opened on December 15, 2018 and funded with an initial deposit of $12,000 via internal transfer. The account earned the introductory Upper Tier interest rate of 2.25% from December 15, 2018 through January 28, 2019. The account holder made a monthly deposit of $50 per month for the remainder of the first year. Because the account has a minimum balance of less than $25,000 and didn't meet the monthly deposit minimum of $100, the account's interest rate moved to the Base Tier interest rate of 0.995% after January 28, 2019. The account earned a blended rate of 1.14% APYE ("Annual Percentage Yield Earned") for the first year.

  • Member

    Your money is safe and sound.

    CIT Bank, N.A. is 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.