Let us give you a boost

Platinum Savings

earn up to
4.10
%
APY1*

On balances of $5,000 or more

Enter promo code CITBOOST to receive a 0.35% APY bonus
for six months from account opening.

Open an account
Family having fun on the beach

As easy as 1-2-3 to get your 0.35% APY*Boost

See complete terms and conditions below.

1

Open your account

Securely provide your address, phone number, email and Social Security number/ITIN. Plus, add the bonus code CITBOOST.

2

Make a deposit

Open an account with a minimum of $100. You can transfer funds with an electronic transfer, mail-in check or wire.

3

And you're done

That's it! We'll email confirmation of your account opening.

Get started

Our boost adds 0.35% APY* to our competitive standard rate
for six months.

With our six-month boost, you earn:

  • 4.10% APY1* on balances $5,000 or more

  • 0.60% APY1*on balances less than $5,000

After boost ends, earn our competitive standard rates:

  • 3.75% APY1 on balances $5,000 or more

  • 0.25% APY1 on balances less than $5,000

Enjoy the benefits of a Platinum Savings account

No monthly service fees

No account opening or monthly service fees, so you can keep what you earn.

Competitive rates

Earn 10x the National Average on your savings.2

Digital convenience

CIT Bank's mobile app makes it easy to manage your account.

Secure

We’re committed to safeguarding your account with continuous fraud monitoring.

CIT Bank is a division of First Citizens Bank. First Citizens has a reputation for financial strength, exceptional customer service and prudent lending that spans 125 years. Over those years, First Citizens has delivered sustained growth, demonstrating stability and resilience while adapting to changes in the business environment along the way. Learn more

CIT and First Citizens Bank logos
Your money is safe and sound.

First Citizens Bank and Trust Company (FCB) is a member of the Federal Deposit Insurance Corporation (FDIC). This means your deposits are insured up to $250,000 per depositor, for each account ownership category. Deposits held under the names of First-Citizens Bank and Trust Company and all banks which are a division of FCB are not separately insured. Deposits from each of these banks must be combined for purposes of determining whether a depositor has exceeded the federal insurance deposit limit.

Learn more about FDIC insurance

1Platinum 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 1, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% 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.

2Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of July 20, 2026.

*Platinum Savings APY Boost Promotion Terms and Conditions

This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria.

Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.

The Promotion begins on February 13, 2026, and ends October 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions.

The promotion can end at any time without notice.

New CIT Bank Customers: This Platinum Savings APY Boost promotion offer is valid for New CIT Bank customers, who, at account opening, do not have a valid CIT Bank User ID (a "New Customer") or any open CIT Bank accounts provided that the following requirements are met:

  • New customers must open a Platinum Savings account with a valid Promo Code, CITBoost. The Platinum Savings APY Boost Promo Code will appear on the online account opening enrollment web page.. The Promo Code must be used at the time of account opening. Accounts opened during the program period without the Promo Code are ineligible to receive the APY boost.
  • The enrolled Platinum Savings account must be open to receive the APY boost during the promotional period.

CIT Bank Customers with an account prior to the promotion: This Platinum Savings APY Boost promotion is valid for a Primary account owner with an existing account with a CIT Bank User ID before the start of the promotion, provided that the following requirements are met:

  • Customers without a Platinum Savings account open prior to the Promotion must open a new Platinum Savings account via the enrollment web page using Promo Code CITBoost.
  • Customers with a Platinum Savings account opened prior to the promotion may enroll their current Platinum Savings account into the Platinum Savings Boost promotion via the enrollment web page using Promo Code CITBoost.
  • Customers who are not the Primary account owner on a Platinum Savings account may open a new Platinum Savings account as the primary account owner via the enrollment web page using Promo Code CITBoost.
  • Accounts opened or enrolled during the program period without the Promo Code are ineligible to receive the APY boost.

There is a limit of one Platinum Savings APY Boost promotional offer per account and per Primary customer. If multiple Platinum Savings accounts are opened, only one account per primary account owner is eligible.

There is no minimum account balance requirement to participate in the Platinum Savings APY Boost promotion.

Additional Important Terms

  • The Platinum Savings APY Boost promotion may not be combined with other promotions.
  • Customers are ineligible to participate in the Platinum Savings APY Boost promotion if:
    • They are earning an APY over the standard rate.
    • They participated in a cash bonus promotion in the past 6 months.
  • Custodial accounts and accounts in the name of a Trust are not eligible.
  • This offer is non-transferable.

The value of Platinum Saving Boost will be reported as interest income on IRS Form 1099-INT for the calendar year in which it was paid. The recipient is responsible for any applicable taxes.