CIT Bank Offering Extra 0.5% APY When You Initiate Transfer

CIT Bank Offering Extra 0.5% APY

If you have a CIT Bank account, you can get a higher interest rate for the next 12 months just by initiating a transfer to an external account. For my Platinum Savings account for example the rate will go from 4.00% APY to 4.50% APY.

All you need to do is initiate the transfer. To do this, just click Move Money on top menu, then Transfers. Select account to transfer to and the amount, and then click “Transfer” button.

On the next page, before you confirm the transfer, you will likely see the offer for an extra 0.5% APY.

Here’s the text of the offer and the terms:

Earn more with an updated rate

“The current interest rate on your Platinum Savings account is 3.922%, with an APY of 4.00%.2

We will increase your interest rate by 0.480% for the next 12 months.1

That means your current new interest rate will be 4.402% and your APY will be 4.50% when your account balance remains $5,000.00 or greater. The current new interest rate will be 0.730 and the APY will be 0.73% when your account balance falls below $5,000.00.2

If the standard, published interest rate on the account changes, your interest rate will move with it, remaining 0.480% higher than the published interest rate tiers for the next 12 months.

1This interest rate increase and 12-month period will replace any previous interest rate increase that may be in place on your account. It will not be added to any previous offers that you may have accepted.

2Platinum Savings is a tiered interest-rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of -day account balance.

The Current APY’s (Annual Percentage Yields) shown above are the standard, published APYs for each tier (exclusive of any interest rate increase) as of 08/06/2025. Interest rates for the Platinum Savings account are variable and may change at any time without notice.”

Let me know if it works for you!

HT: JJ

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