CIT Bank is an online-only bank established in 2000. It operates as subsidiary of CIT Group Inc., a financial holding company with leading positions in middle market lending, factoring, retail, and equipment finance. The company offers high yield savings accounts, Traditional and Roth IRAs, Certificates of Deposit (RampUp CDs, Jumbo CDs, and Term CDs), custodial accounts (UTMA) and more. With over 3,500 employees, CIT Bank has more than $30 billion in deposits, $27.5 billion in loans and $41 billion in assets.
Premier High Yield Savings account
Annual Percentage Yield (APY): 1.55%
Minimum Opening Deposit: $100
No maintenance fees
Free online banking
FDIC insured (FDIC insurance standard amount is $250,000 per depositor)
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