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Platinum Savings accounts require a balance of $5,000 to earn 5.05% APY.
There is no hard credit inquiry performed for opening a CIT account.
Platinum 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. APYs — Annual Percentage Yields are accurate as of July 27, 2023: 0.25% APY on balances of $0.01 to $4,999.99; 5.05% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
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16 Comments On "Earn 5.05% APY On A CIT Bank Platinum Savings Account!"
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Any ideas why I and my spouse always get rejected immediately? When I called customer service all they could say is that they see I was rejected
I wonder if they do an automated soft pull
My credit is excellent
What happens if you did it at 4.95? Does it automatically go up to the new improved rate?
Yay or nay. Check your account if it isn’t updated call and request the higher rate they’ll move you into it
To see if I’m calculating correctly, can someone give me an example of how much interest that would be per month on let’s say $10K deposit? (For Platinum Savings)
Come on….get a calculator!
$505 for a year. $42.08 monthly. (Hope it’s correct)
Why does it keep on rejecting me? If I do unemployed would it help?
why do I get instantly declined
Don’t give up I finally got approved
Terrible bank they make transfers vanish
It can take up to 10 days to clear and reflect on your account if you initiated the transfer from CIT but if you send the money from an external account it reflect the next day
Ive been using them for years and am very happy with them
Do you get the full 5.05% on the ENTIRE balance or only the on the amount above $5K? (and the amount under $5k generates the.25 percent?)
On the Full amount