CIT Bank is an online bank that offers competitive annual percentage yields (APYs) on its savings accounts. CIT Bank also offers a checking account and a money market account.
CIT offers competitive yields on its savings and CD accounts.
There are no monthly fees for savings accounts.
The checking account earns interest.
The mobile banking app takes care of the basics, such as letting you check your transaction history and transfer funds between your CIT Bank accounts.
While you won’t be able to use a branch, CIT’s customer service hours are decent. You can reach the bank via the phone from 9 a.m. until 9 p.m. Eastern on weekdays. You can also reach a human on Saturday, but with reduced hours. You can also access your account 24/7 online or by using CIT's automated telephone banking system.
About CIT Bank
CIT Bank is the internet-based bank that is part of CIT Bank, N.A., the principal banking subsidiary of CIT Group, Inc. – a financial holding company founded in 1908. CIT Bank, N.A. was founded in 2009.
CIT Bank, N.A. and OneWest Bank, which is a division of CIT Bank, N.A., are under the same FDIC insurance.
CIT Bank is known for offering a top-tier APY on its Savings Builder account.