1 APY - Annual Percentage Yields (APYs) are accurate as of July 7, 2017: 1.30% APY on balances of $100,000 or less; 1.25% APY on balances greater than $100,000. 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. For example: A balance of $95,000 will earn 1.30% APY, and a balance of $105,000 will earn 1.25% APY. Minimum opening deposit is $100. Interest rates for the Premier High Yield Savings account are variable and may change at any time without prior notice.
2 Limited-time bonus offer. The bonus offer of $100 is valid on Premier High Yield Savings accounts opened using promotional code PREMIER between July 7, 2017 and September 8, 2017, provided that all of the following requirements are met, and subject to the additional limitations shown below:
- The account must be funded within 30 calendar days from the account opening date.
- A Monthly Balance of at least $15,000 must be maintained for the first three full statement cycles. A full statement cycle is defined as beginning the first day of a month and ending the last day of that same month. For example, if an account were opened on July 10, 2017, the first full statement cycle would be for the period of August 1 through August 31, 2017; the July statement cycle would be excluded because it covers only part of the month. For bonus purposes, the Monthly Balance for each full statement cycle is calculated as follows: at the end of each day, the Premier High Yield Savings account balance is recorded. When the statement cycle ends, these end-of-day balances are added together and then divided by the number of days in the statement cycle to determine the Monthly Balance.
- All funds used to qualify for bonus eligibility must be new funds. Funds on deposit with CIT Bank, N.A. or its OneWest Bank division at any time during the 90 days preceding account opening are ineligible and will not be included in the calculation of the Monthly Balance.
- The account must remain open and in good standing at the time of the bonus payment or the bonus will be forfeited.
Additional bonus limitations:
Limit one Premier High Yield Savings account bonus offer per customer. If multiple accounts are opened by a customer, only one account will be eligible for the bonus.
Customers who received a CIT Bank bonus payment or enrolled in another CIT Bank bonus offer between January 1, 2017 and July 14, 2017 (regardless of whether the bonus has yet been paid) are not eligible for this Premier High Yield Savings account bonus offer.
A $100 bonus will be deposited to the Premier High Yield Savings account of the qualified customer within 45 days of the end of the third full statement cycle following account opening. For example, a customer who qualified for the bonus on a Premier High Yield Savings account opened on July 10, 2017, would receive a statement credit of $100 no later than December 15, 2017.
The bonus payment is reported as interest earned on IRS Form 1099-INT for the calendar year in which it was paid. Recipient is responsible for any applicable taxes.
3 National average annual percentage yield (APY) on savings accounts as published in the FDIC Weekly National Rates and Rate Caps, accurate as of as of July 7, 2017.
4 Comparison Bank APYs - Annual Percentage Yield for each bank's Savings Account is accurate as of July 7, 2017. Info taken directly from bank websites. CIT Bank, Bank of America, Wells Fargo, Chase
5 For more information, visit https://bankoncit.com/awards/