CIT Bank is a well-established online bank known for its competitive rates and excellent customer service. With a history dating back to 1908, this subsidiary of First Citizens provides a wide range of banking products to cater to the needs of its customers.
The CIT Bank Savings Connect account stands out among its offerings, boasting a competitive Annual Percentage Yield (APY), exceptional customer service, and zero monthly fees. It is an ideal choice for individuals who are looking to grow their savings efficiently. This account also allows customers to connect their checking and savings accounts, making it easier to manage their finances.
One of the key advantages of banking with CIT is the absence of monthly service fees. Unlike many traditional banks, CIT Bank does not burden its customers with additional charges. Additionally, the bank reimburses up to $30 per month in ATM fees, ensuring that customers have easy access to their funds whenever they need them.
CIT Bank's range of products includes checking accounts, savings accounts, certificates of deposit (CDs), and lending services. Customers can choose from various types of accounts based on their specific financial goals and requirements. Whether you are looking for a short-term savings option or a long-term investment strategy, CIT Bank has got you covered.
When it comes to CDs, CIT Bank offers customers a variety of terms, ranging from six months to five years. The interest rates on these CDs are competitive, allowing customers to earn higher returns on their investments. By diversifying their portfolio with CIT Bank's CDs, customers can enjoy the benefits of a secure and reliable investment option.
As a subsidiary of First Citizens, CIT Bank ensures that its banking products are designed to meet the needs of its customers. The bank aims to provide a combination of convenience, competitive rates, and personalized service. With its online-only platform, CIT Bank offers customers the flexibility to manage their accounts from anywhere, at any time.
In recognition of its commitment to excellence, CIT Bank has been recognized by Money magazine as one of the best savings accounts available. Alongside other reputable institutions, CIT Bank has been lauded for its diverse range of account options and exceptional service. Customers seeking a credit union experience, fee-free banking, or account variety will find CIT Bank to be a top choice.
In conclusion, CIT Bank is a popular online bank that offers an array of banking products tailored to suit the diverse needs of its customers. From competitive rates to outstanding customer service, CIT Bank stands out as a reliable and convenient option for individuals looking to grow their savings and make smart financial decisions.
