One of the nation's top rates—over 22x the national average1

Get a head start on savings.

Open a Premier High Yield Savings Account Today!

1.55APY2Open an Account
$100 Minimum Opening Deposit • No Fees to Open or Maintain
Daily Compounding Interest • 24/7 Secure Online Banking • FDIC Insured

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How do I open my premier high yield savings account?

We require your address, phone, email and social security number (or other taxpayer ID).

Minimum of $100 to open your account. You can transfer funds with electronic transfer, mail in check, mobile check deposit, or wire.

We'll send a confirmation email.

Premier High Yield Savings FAQs

As an online-only bank we don't have the expensive overhead that traditional brick and mortar banks have, so we are able to pass along those savings to our customers in the form of higher interest rates for our savings and CD products.

We also don't charge account opening or closing fees, monthly service fees, or require minimum monthly balances or transactions to receive our stated APY (annual percentage yields).

Withdrawals can easily be done via online funds transfer (ACH), outgoing wire transfer (there's a $10 fee for accounts with balances under $25,000), or by check request. However, there is a limit of six (6) pre-authorized or automatic transfers or withdrawals, electronic banking transfers to other accounts or similar orders per statement cycle. Withdrawal and transfer requests submitted by mail do not count toward the limit, nor do withdrawals requested by telephone if the funds are mailed to you in the form of a check.

Deposits are unlimited and can be done via online funds transfer (ACH), mobile deposit via our mobile app, incoming wire (no fee charge), or by mailing a check to us.

CIT Bank maximizes your earnings by compounding interest daily and crediting it to your account monthly. 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. Premier High Yield Savings rates are variable and may change without notice.

No, there are no fees for opening an account.

The Premier High Yield Savings has no monthly servicing, online transfers or incoming wire fees. Plus, outgoing wires are free for savings accounts with an average daily balance of $25,000 or more. There is a $10 per wire fee on accounts with an average daily balance of less than $25,000.

Yes, statements are mailed out every month. But you can go paperless by signing up to receive your statements online. You can also view your statements online and your account balance on our mobile app.

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Available as Custodial