Last Updated:
CIT Bank Review 2026
Quick Summary
Rating
4.3/5 ⭐
Savings APY
Up to 3.75%
Checking APY
0.10–0.25%
Monthly Fee
$0
Best for: Savers seeking strong APYs who can meet minimum balance requirements
What is CIT Bank?
CIT Bank is a full-service online bank offering competitive rates and modern banking features.
✓ Pros
- Competitive high-yield savings rates (Platinum and Savings Connect)
- No monthly maintenance fees
- ATM fee reimbursement up to $30 each month
- Multiple account options including CDs and money market accounts
✗ Cons
- $100 minimum deposit to open
- High-yield savings requires maintaining a $5k balance or monthly deposit for top APY
- No fee-free ATM network
Account Details
| Savings APY | Up to 3.75% |
| Checking APY | 0.10–0.25% |
| Min Deposit | $100 |
| Monthly Fee | $0 |
| ATM Access | Up to $30 reimbursed per month; no free network |
| Mobile App | Good |
| FDIC Insured | Yes |
Who Should Choose CIT Bank?
Best for: Savers seeking strong APYs who can meet minimum balance requirements