CIT Premier High Yield Saving Account
As the winner of many awards in 2017, CIT bank is offering a deal that provides maximum growth and investment in your future. The Premier High Yield Savings Account has an APY that’s 21x the national average. For example, if you were to deposit $10,000 into this account, after a year, you would receive $124 more than most banks at the national average, at no additional expense or fees. This deal includes:
–1.30% APY (On balances up to $100,000)*
–$100 Cash Bonus
Amenities and Guarantees:
They only require a $100 minimum for the opening deposit, which is instantly matched after September 8th, instantly doubling the minimum investment. As stated before, there are no fees to open or maintain the account, so it can only accumulate and increase. Not only that as well, they have daily compounding interest which is another bonus to the current APY and $100. As far as guarantees go, they have 24/7 Secure Online Banking so you always have access to your accounts whenever and wherever you are, and US-based Customer Service if you need additional help or explanations. In the unfortunate and unlikely event that something goes wrong, they’re also FDIC insured so that you’re still covered if the bank itself has any losses.
As far as getting started, it’s fast and easy. They don’t take any other additional personal information unless it’s directly relevant to your account. They require:
- Social Security Number
- State Identification
- A check or bank routing number used to fund the account
- Personal details of any joint account holders.
Maximization of Future Profits
CIT itself has set precautionary measures to ensure that in any case, you’re reaching the maximum potential of your profits here. The only situation in which your APY would decrease is when the account value exceeds $100,000, and the APY would go down to %1.25 (Approx. 20x higher than the national average still.) In additional they offer a counter-measure so that you don’t break the threshold by giving you the ability to create an alarm when the account exceeds a certain value, in which case you would just need to transfer the funds to another account.
Conditions and Stipulations
- Account must be open with promo code “PREMIER” before September 8, 2017
- Must fulfill minimum of $100 initial deposit within 30 Days
- Must be “new” funds (Not currently with CIT Bank or OneWest Bank)
- Must maintain minimum of $15,000 for first 3 full monthly statement cycles
- One account per customer
- Customers who already received a CIT Bank bonus offer in between January 1, 2017 and July 14, 2017 are not eligible
*Any amount past %100,000 will have an APY of 1.25%