CIT Bankâ€™s savings accounts stand out due to two reasons. The accounts both have:
The Savings Builder account currently has one of the higher interest rates on the market. That being said, there are a couple of reasons why you may want to consider another one of our top savings account choices. Firstly, this account doesnâ€™t come with an ATM card â€” leaving you out in the cold if you really need access to your money on the move. Secondly, CIT Bank doesnâ€™t offer a matching checking account, meaning that youâ€™ll still need to rely on another bank for your daily banking needs.
However, if the lack of an ATM card doesnâ€™t bother you, then you really canâ€™t go wrong with these accounts, especially the Savings Builder.
Dedicated CIT customers may enjoy this checking account option, but the APY isnâ€™t even close to competitive and the fees are on the normal-to-high side. There are better options out there from other banks, which is a shame since CIT Bank offers solid rates and features for their other accounts. As of this review however, the eChecking option just doesnâ€™t quite measure up to the options other banks offer.
We like the diversity of CD products that CIT Bank offers. Rather than just having a one-size-fits-all term CD, you can also choose from jumbo CDs and no-penalty CDs. The interest rates offered arenâ€™t the highest CD rates listed on our site, but they remain competitive.
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