CIT Bank $225/$300 Savings Bonus + 3.85% APY; New & Existing Customers ($25k/ $50k Deposit; No Hold Period)

Update 9/24/25: Deal is back, APY lowered to 3.85%.If you did the previous PS2025 deal you are not eligible.Hat tip to reader Gadget

Offer at a glance

Maximum bonus amount: $300

Availability: Nationwide

APY: 3.85% with a deposit of $5,000+

Additional requirements: Use promo code and meet deposit threshold

Hard/soft pull: Soft

ChexSystems: Yes (comments here suggest they might be Chex sensitive)

Credit card funding: None

Monthly fees: None

Early account termination fee: None

Household limit: None

Expiration date: Unknown

The Offer

Direct Link to offer

CIT Bank is offering a bonus to new or existing customers who transfer over funds.To get the bonus, you have to first signup/enroll using promo code PS2025 and then make one or more deposits in the following 30 days.

Transfer over $25,000 in new deposits and get $225.

Transfer over $50,000 in new deposits and get $300.

The Fine Print

All funds deposited to qualify for the bonus must be new funds from a source outside CIT Bank.Funds already on deposit with CIT Bank are ineligible.

CIT Bank will deposit the qualifying bonus into the customer’s enrolled account within 60-days following the 30-day funding period.The enrolled Platinum Savings account must be open at the time of the bonus payment to qualify.

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

Custodial accounts and Trust Accounts are not eligible.

The value of the $225 or $300 bonus 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.

Avoiding Fees

Account has no fees to worry about.

Our Verdict

This is a nice bonus since the account earns 4.30% which is from the better rates out there, and with this promo you’ll earn an additional $225/$300.I like the flexibility of this offer without any hold period (just have the funds there on Day 30), and I might get in on this one.

We’ll add this to our List Of Best Bank Bonuses.

Hat tip to Eric and TJ

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Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by mycardopinions.
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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.