Be prepared for the unexpected.

Save Enough

Experts recommend having an emergency savings account balance that can cover six months of living expenses.

Make sure you can get to your money

The money set aside for an emergency should be liquid. In a crisis you’ll need to withdraw your funds fast.

Are you ready for an emergency? Most Americans aren’t.

Job Loss

Without a savings safety net, paying for your basic living expenses will be a struggle.

Car Repair

Even a minor car repair can be a major budget-buster.

Major home issue

Appliances break, and natural disasters can damage your home, leading to costly repairs and replacements.

Travel emergency

Rushing out of town for an emergency can mean expensive transportation and lodging costs.

Medical Expenses

Even with health insurance you’ll have deductibles, co-pays and uncovered costs.

Pet Care Expenses

Pet Care Expenses

The well-being of your furry family member can be costly.

Did you know that?


of Americans cannot cover a $400 emergency expense1


is the average unexpected expense2


of American households had a major, unanticipated expense within the past year3

The CIT Bank Money Market Account
is ideal for emergencies.

It features one of the highest savings interest rates available today, easy access to your funds when you need them, and no opening or recurring monthly fees so you can build your cash reserve faster.

Learn more
  • $100 Minimum Opening Deposit
  • Daily Compounding Interest
  • No Monthly Service Fee
  • 24/7 Secure Online Banking
  • FDIC Insured
  • Award-winning Bank

Take action with three simple steps.

Be Prepared

When it comes to emergencies, it’s not “if,” it’s “when.” Building emergency savings takes time, so get started early, be realistic about how much you can save at the beginning, and add to your monthly contribution when you can.

Maximize your earning potential

Open a CIT Bank Money Market Account. With a rate that’s more than 14 times higher than that of a traditional bank, your emergency savings will grow faster.5 You also get the benefit of daily compounding interest.

Automate your savings

Set up automatic weekly, bi-weekly or monthly deposits so that your emergency savings account continues to grow. Be committed to reaching your goal.

For more tips on how to build your emergency fund, read our Emergency Savings blogs.

Emergency Savings Calculator

Use our calculator to determine how much you'll need in your emergency savings and how you can begin saving toward this important goal.

See Calculator

Check out the latest trends on saving for life's planned and unplanned events.

Make the smart choice for your savings.

Let CIT Bank help you reach your goals faster.

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Minimum balances
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Minimum balances
Available as IRA
Available as Custodial