CIT Bank 1.3% online savings + $100 bonus

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casun
Posts: 26
Joined: Mon Apr 18, 2016 5:44 pm

CIT Bank 1.3% online savings + $100 bonus

Post by casun » Wed Aug 09, 2017 7:28 pm

highest rate i've seen recently.

https://www.bankoncit.com/premier-savings-direct/

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TheGreyingDuke
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Re: CIT Bank 1.3% online savings + $100 bonus

Post by TheGreyingDuke » Thu Aug 10, 2017 1:55 pm

The thing that annoys me about CIT is that once you have an account opened your rate does NOT increase when they offer increased rates to new customers. I just moved $150k from there, I was back at a .95% rate!
"Every time I see an adult on a bicycle, I no longer despair for the future of the human race." H.G. Wells

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DaftInvestor
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Re: CIT Bank 1.3% online savings + $100 bonus

Post by DaftInvestor » Thu Aug 10, 2017 2:00 pm

TheGreyingDuke wrote:The thing that annoys me about CIT is that once you have an account opened your rate does NOT increase when they offer increased rates to new customers. I just moved $150k from there, I was back at a .95% rate!
Thanks for this info - this is unheard of in the industry (and absurd). I'll stick with gsbank (who bumped me up recently to the 1.2%) based upon this info (nor worth moving for only a 0.01% difference anyway - and the $100 bonus is taxed as interest so is far less than $100 for me).

stingrey
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Re: CIT Bank 1.3% online savings + $100 bonus

Post by stingrey » Wed Oct 04, 2017 11:53 am

TheGreyingDuke wrote:
Thu Aug 10, 2017 1:55 pm
The thing that annoys me about CIT is that once you have an account opened your rate does NOT increase when they offer increased rates to new customers. I just moved $150k from there, I was back at a .95% rate!
Just wondering where you heard this? I was thinking about opening an account with them as they currently have the highest rate I can find. I just called CIT and the rep said the rate should change for me if it was increased. Thanks

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Geneyus
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Re: CIT Bank 1.3% online savings + $100 bonus

Post by Geneyus » Wed Oct 04, 2017 8:34 pm

Ehhh. Ally Bank is still at 1.2%. It isn't worth the hassle of moving money for 0.1% and $100. Ally Bank has been great, but I've never heard of CIT.

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abuss368
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Re: CIT Bank 1.3% online savings + $100 bonus

Post by abuss368 » Wed Oct 04, 2017 8:51 pm

The Vanguard Prime Money Market Fund is presently yielding 1.12%.
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!" | | Disclosure: Three Fund Portfolio + U.S. & International REITs

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