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  • Bank left illustration

    Turn your everyday savings into so much more

    A CIT Bank savings account helps you get more from your savings with interest rates for maximum growth. See how we can help you reach your goals.

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  • Savings Builder

    Experience two ways to save with our Savings Builder account.

    Up to-
    %
    APY1
    Minimum balance of $25,000 or $100 monthly deposit.

    Minimum Opening Deposit

    $100

    Benefits

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    FDIC Insured 3
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    No account opening or maintenance fees
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    Daily compounding interest to maximize your earning potential
    Premier High Yield Savings

    Start growing your savings and reach your goals faster. 

    -
    %
    APY2

    Minimum Opening Deposit

    $100

    Benefits

    check
    FDIC Insured 3
    check
    No fees to open or maintain account
    check
    Daily compounding interest to maximize your earning potential
  • 1Savings 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 20, 2018. Fees will reduce earnings on the account.

    Savings Builder Interest Tiers

    TierBalance RequirementAPYInterest Rate
    Base < $25,000 -%*0.995%**
    Upper < $25,000, but with monthly deposit of $100 or more -%***2.225%
    Upper ≥ $25,000 -% 2.225%

    *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.

    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.