Available for residents nationwide, CIT Bank is now offering a 1.55% APY Interest Rate for their Money Market Account. To get this rate, just have a $100 minimum opening deposit.
With the CIT Money Market Account, you can be sure that you’re maximizing on your savings with a rate that’s several times the national average! The best part is, you can relax and bank with ease knowing that you can access your money 24/7, your money is protected with secure banking features, and you’re insured up to $250,000 by the FDIC.
CIT Bank Money Market Summary
With the CIT Bank Money Market Account, you can enjoy: -Earn 1.55% APY on your funds -One of the nation's top rates — several times the national average. -Get up to 6 digital transfers/withdrawals per statement cycle -Save smart and get more for your money -Higher rates than traditional banks -Get 24/7 Account Access -Secure banking features -Open with as little as $100 -FDIC insured |
CIT Bank Money Market Account Information
- Account Type: Money Market Account
- Availability: Nationwide (Branch Locator)
- Soft/Hard Pull: Soft Pull
- Direct Deposit Requirement: None
- Monthly Fee: None
- Early Termination Fee: None
How To Open CIT Bank Money Market Account
- Open a new CIT Bank Money Market account.
- Enter your info. Securely provide your address, phone, email and social security number (or other taxpayer ID).
- Fund your account. Open an account with a minimum of $100. You can transfer funds with electronic transfer, mail in check, or wire.
- And you’re done. That’s all there is to it. CIT Bank will send an email confirming your account has been successfully opened.
CIT Bank Features
- Competitive rates
- Compared to your typical brick and mortar banks, CIT Bank can save the extra expenses while rewarding their clients with industry leading rates that you would not be able to receive otherwise!
- Daily compounding of interest
- Want to maximize your earning potential? With the daily compound of interest, you are able to do just that! With the high rate, no fees and daily compound, this promotion is almost too good to be true!
- 6 transfers per monthly statement cycle
- With a pretty high limit of 6 transfers per month, you are able to bank with ease! The cap on ACH funds is currently limited to $300,000. As for the others:
- People Pay: $4,000 (daily) / $2,000 (per transaction)
- Account to Account: $4,000 (daily) / $2,000 (per transaction)
- PayPal (Peer to Peer): $500 (daily) / $300 (per transaction)
- With a pretty high limit of 6 transfers per month, you are able to bank with ease! The cap on ACH funds is currently limited to $300,000. As for the others:
- 24/7 account access
- A confident banking experience should allow you access to your account and investments anywhere, anywhere. That is why you will have access to features such as online banking, mobile banking and even 24/7 telephone access if you ever come across a problem that needs solving. There are absolutely no hoops to jump through, all the features will come standard with your new account.
- Secured banking features
- The most important aspect to a banking experience is the security behind it. Whether you are opening a money market, savings or checking account, you will receive the same standard security measure the bank provides in order to ensure that your investments and funds are well protected from any third parties. The account is also FDIC insured, up to the legal limit.
About CIT Bank
Your money is safe and sound. CIT Bank is a division of First Citizens Bank & Trust Company which 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.
Conclusion
It is often difficult to select which account fits your needs the best. With a sea of bank rates, finding one that’s perfect for you isn’t as easy as it seems. However, with CIT Bank Money Market account, you can do just that!
With a new account, you can earn a generous rate just for meeting its deposit requirement. Additionally, with access to a range of account features, banking has never been easier. However, if you’re not interested in this offer check out our Best Bank Rates for savings accounts and more!
(Visit CIT Bank to learn more)
BONUS LINK | OFFER | REVIEW |
CIT Bank Platinum Savings | 5.05% APY | Review |
CIT Bank 6-Month CD | 5.00% APY | Review |
CIT Bank 11-Month No-Penalty CD | 4.90% APY | Review |
CIT Bank Savings Connect | 4.65% APY | Review |
CIT Bank 13-Month CD | 4.65% APY | Review |
CIT Bank 18-Month CD | 4.60% APY | Review |
CIT Bank Money Market | 1.55% APY | Review |
CIT Bank Savings Builder | 1.00% APY | Review |