0.01% interest rate making your savings slow? Change to 2.15% APY 1 and watch it grow.

Get 2.15% APY1 on balances of at least $25,000 OR monthly deposits of $100 or more.

Frequently Asked Questions

Savings Builder
up to

Start your monthly savings today!

Earn up to

Two new ways to accelerate your savings. Now anyone can earn our highest interest rates.
1Monthly Savers
Get Started$100minimum balance to open an account
Keep it Going$100or more single deposit per month to keep earning our highest interest rate

2High Balance Savers
Maintain$25kmaintain a balance of $25k or more to earn our highest interest rate

Your hard-earned money deserves a hard-working bank.4


See why we're the better banking choice2

One of the nation's top rates — 26x the national average.3




With a CIT Bank Savings Builder Account, you can earn a competitive interest rate and access your money easily. It's an ideal online account for saving towards a new experience or a large purchase.

Recurring minimum monthly deposit
Monthly Savings
Multiple ways to access your money
Multiple ways to access
your money
Unlimited Deposits
Unlimited Deposits

Open a Savings Builder Account in 3 simple steps!

1. Enter Your Info

1. Enter Your Info

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

2. Fund Your Account

2. Fund Your Account

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

3. Now You're Done

We'll send a confirmation email.

Savings Builder Account 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 or monthly service fees to receive our stated APY (annual percentage yields).

Savings Builder is an Online Savings Account that offers a high interest rate and provides 24/7 digital access.

The minimum to open the account is $100.

There are no opening, monthly servicing, online transfer or incoming wire fees.

The higher interest rate can be earned by completing one of following requirements:

  1. Monthly Savers:
    • Make at least one single deposit of $100 or more during the first Evaluation Period which begins on the third business day prior to the end of the month the account was opened.
    • Additional deposits made between the account opening date and the beginning of the first Evaluation Period will not qualify.
    • In order to continue to earn the higher rate, make at least one single deposit of $100 every month.
  2. High Balance Savers:
    • Have an account balance of $25,000 or more on each Evaluation Day. The Evaluation day is the fourth business day prior to the end of the month.

No. An initial deposit of $100 does not enable you to qualify for the higher APY after the end of the Introductory Period. Make an additional deposit of $100 or more during the first Evaluation Period and your account will qualify for the higher tier for the Evaluation Period following the Introductory Period. And a subsequent deposit of at least $100 each month will enable you to continue earning the higher APY.

Each Evaluation Day the account is reviewed to verify if you have $25,000 in the account or made a single deposit of $100 or more during the Evaluation Period. If you have met either one of these requirements as of the Evaluation Day, you will earn the higher APY in the following Evaluation Period. This process is repeated every month.

Interest is compounded daily and credited to the account monthly.

Early access to your account 24/7 with the CIT Bank mobile app

Ready to open a CIT Bank Savings Builder?

Start now
Selected products ()
Minimum balances
Available as IRA
Available as Custodial
Minimum balances
Available as IRA
Available as Custodial