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  • Bank left illustration

    Savings Builder Up to-
    %
    APY1

    Minimum balance of $25,000 or $100 monthly deposit. $100 minimum opening deposit.

    Bank right illustration
  • Two ways to save

    Monthly Savers

    $100 minimum to open the account + $100 or more single deposit per month to keep earning our highest interest rate

    High Balance Savers

    Maintain a balance of $25,000 or more to earn our highest interest rate

  • Benefits of the Savings Builder account

    Save more and earn more with the Savings Builder.

    • Earn one of the nation's top rates — 25x the national average2
    • Get -% APY from the day the account is opened through the first Evaluation Day
    • Continue earning -% APY by:
      • Maintaining a balance of $25,000 or more
        OR
      • Making at least one monthly deposit of $100 or more
    • No account opening or maintenance fees
    • Daily compounding interest to maximize your earning potential

  • Top 10 Best Online Banks of 2018
    GOBankingRates' Top 10 Best Online Banks of 2018
    Bankrate’s Safe & Sound® Five Star Rating Q2 2017
    Bankrate’s Safe & Sound® Rankings

    Your hard-earned money
    deserves a hard-working bank3

  • Why a Savings Builder account is the right choice for your savings goals

    Graduation Cap Icon

    Start a college savings fund

    In-state college or private university tuition costs will continue to rise. Start saving for higher education today.

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    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.

  • Open a Savings Builder 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 Savings Builder account.

    Try our calculator

    Earn more money on your money

    Get the details on why a tiered-rate Savings Builder account is great choice for short- or long-term savings.

    Read more
  • Build your savings two ways

    Open an account today.

  • 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.

  • 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.