Offer value details
CIT Bank lists Platinum Savings as a tiered-rate savings account with daily compounding interest, remote check deposit, transfer access through the CIT Bank mobile app, and deposits held through CIT Bank as a division of First Citizens Bank.
Qualification requirements
The official page says the account can be opened with a $100 minimum opening deposit. The account pays the rate in effect for the balance tier associated with the end-of-day account balance.
Fees and costs
The official product page says there are no account opening or maintenance fees. The CIT Bank Schedule of Fees reviewed on 2026-06-23 lists a $0 monthly service fee for savings accounts, $0 online transfer/ACH, $0 incoming wire, and outgoing domestic wire fees that can depend on the current balance.
Availability
Account opening is handled through CIT Bank's official flow and remains subject to bank approval, identity checks, funding rules, and current account agreements. CIT Bank is a division of First Citizens Bank.
What to verify
- The 3.75% APY requires an end-of-day balance of $5,000.00 or more; lower balances were listed at 0.25% APY in the reviewed source.
- Interest rates are variable and may change at any time without notice.
- The current Products and Rates schedule says the APYs were accurate as of July 1, 2026, so confirm the current variable rate before relying on it.
- Outgoing domestic wire fees can apply for accounts with a current balance below the fee-schedule threshold.
- Deposits at CIT Bank and other First-Citizens Bank and Trust Company divisions are combined for FDIC insurance-limit purposes.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.