Savings balances earn increased yields under a limited-time promotional window running through December 15, 2026.
CIT Bank launched a promotional Annual Percentage Yield boost for its Platinum Savings accounts on November 3, 2026, offering an increased rate for a duration of six months.
Account holders participating in the promotion receive a 0.60% APY boost layered on top of current standard rates. The promotion applies to balances up to $9,999,999.00, while funds exceeding that threshold earn the standard published rate.
Standard tiered rates sit at 0.25% APY for balances between $0.01 and $4,999.99, and 3.75% APY for balances of $5,000.00 or more. These figures compare against the national average Annual Percentage Yield on savings accounts published in the FDIC National Rates and Rate Caps as of September 21, 2026.
New and existing customers qualify for the promotional rate provided they meet specific enrollment criteria. New customers must open an account using the promo code BOOST60 during the online enrollment process.
Existing primary account owners with a CIT Bank User ID established prior to November 3, 2026, can also enroll. Customers who already hold a Platinum Savings account can apply the boost through the online enrollment page using the same promo code.
Account holders earning an APY above the standard rate or those who participated in a cash bonus promotion within the preceding six months are ineligible for the offer. The promotion limits participation to one boost offer per primary customer.
The Platinum Savings account requires a $100 minimum deposit to open, though no minimum balance is required to maintain the account or avoid maintenance fees. Variable interest rates can change at any time without notice.
External bank transfers operate on business days spanning Monday through Friday, excluding federal holidays. Digital transfers are available 24 hours a day, while phone transfers operate outside the restricted window of 7:00 PM and 11:59 PM Eastern Time.
Transfers initiated after 7:00 PM Eastern Time or during non-business days begin processing on the next business day. Deposited funds may be subject to holds as outlined in the Consumer Deposit Account Agreement.
If standard-published rates fluctuate during the six-month promotional period, the boost adjusts dynamically to maintain a rate above the standard tier. The promotional window closes on December 15, 2026, though the institution reserves the right to terminate the offer prior to that date without notice.
Tax obligations apply to the earnings generated through the promotion. The value of the yield boost is reported as interest income on IRS Form 1099-INT for the corresponding calendar year.
New customers opening an account and existing primary account owners with a CIT Bank User ID established before November 3, 2026, qualify by enrolling with promo code BOOST60.
The 0.60% APY boost applies to account balances up to $9,999,999.00, with amounts above that threshold earning standard rates.
The promotion runs from November 3, 2026, and ends on December 15, 2026.
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