![]() ![]() ![]() Additionally, they are guaranteed up to $250,000 by the FDIC. Just like savings accounts, they are liquid, so you can add or withdraw money at any time. Bask Interest SavingsĪ high-yield savings account is a traditional savings account but with a higher interest rate. In summary, the CIT Bank's Platinum Savings Account, with its high APY* and attractive promotions, is an excellent option for customers looking to maximize their savings potential. However, keep in mind that this savings account may not be the best choice for those who prefer traditional, brick-and-mortar banking, or for those who frequently need to withdraw funds, as it might come with certain limitations. Security is also paramount at CIT Bank, ensuring your funds are safe and protected. While the bank operates primarily online, its user-friendly interface and top-notch customer service make banking a breeze. What makes CIT Bank particularly intriguing are its unique promotions, which typically offer substantial bonuses or even higher interest rates for new deposits or accounts. Currently, the CIT Bank's Platinum Savings Account offers a 5.05% APY with a balance of $5,000 or more, but you can start with as little as $100 with 0.25% APY. The bank's rate stands out in the market, providing customers a competitive edge in growing their savings. CIT Bank's Platinum Savings Account is an excellent choice for those seeking a high-yield savings product. ![]()
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