Currently, CIT Bank is offering 3.75% APY Rate when opening their Platinum Savings Account. This offer is available nationwide.
Update 1/29/26: The rate has decreased to 3.75% APY from 3.85%. This account is a great hub account for push/pull transfers on top of offering a competitive rate!
- Platinum Savings is a tiered interest rate account. 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. *APYs — Annual Percentage Yields are accurate as of January 9, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
- Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of January 20, 2026.
- For complete list of account details and fees, see our Personal Account disclosures.
About CIT Bank Platinum Savings
CIT Bank, a division of First Citizens Bank, is a top-10 online bank built on the heritage of First Citizen Bank’s experience.
As an online-only bank, the CIT Bank Platinum Savings account offers an annual percentage yield (APY) that far outshines the national average.
If you’re looking for an account that offers a highly competitive rate with no monthly service fees, we’ll help you decide if this savings account is the right fit for you.
I’ll review the CIT Bank Platinum Savings account below.
CIT Bank Platinum Savings Rate
- Eligible account: CIT Bank Platinum Savings account
- Credit inquiry: Soft Pull
- Where it’s available: Nationwide
- Opening Deposit: $100
- Monthly fee: There are no monthly service fees
- Early Termination Fee: None listed
(FDIC Insured)
How to Earn the CIT Bank Rate
- Open the CIT Bank Platinum Savings Account.
- Enter your info. Securely provide your address, phone number, 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 an electronic transfer, mail-in check or wire.
- And you’re done. That’s all there is to it. We’ll send an email confirming you have successfully opened your account.
- Earn 3.75% APY on n balances of $5,000 or more.
| Balance Requirement | APY Rate |
| $5,000+ | 3.75% |
| Less than $5,000 | 0.25% |
Account Benefits
- Competitive rates
- Secure. Your CIT Bank account is FDIC insured, which means it’s secure.
- Digital convenience. CIT Bank’s mobile app makes it easy to manage your account.
- No monthly service fees. No account opening or monthly services fees, so you can keep what you earn.
Conclusion
Now, when you open a an account, you’ll be able to earn a competitive rate on your funds!
Just be sure that you follow the instructions on how to open your accounts and start maximizing your funds immediately.
However, if these rates don’t appeal to you, check out other bank rates and bank bonuses. For more, see our list of the latest promotions from CIT Bank.
Some popular bank offers include U.S. Bank, Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
If you have experience with CIT Bank, feel free to comment below and tell our readers about how the experience went!
