LIVE
30Y FIXED6.85%↑ 0.02·15Y FIXED6.12%↓ 0.01·REFI 30Y6.78%↑ 0.01·HELOC9.20%0.00·JUMBO 30Y7.05%↑ 0.03·HYSA TOP4.85%↓ 0.05·12M CD5.10%0.00·24M CD4.85%↓ 0.02·5Y CD4.40%↑ 0.01·MMA TOP4.65%0.00·AUTO 60M NEW7.10%↓ 0.02·AUTO 60M USED8.45%↑ 0.04·PERSONAL EXC.8.20%0.00·10Y TREASURY4.32%↑ 0.01·30Y FIXED6.85%↑ 0.02·15Y FIXED6.12%↓ 0.01·REFI 30Y6.78%↑ 0.01·HELOC9.20%0.00·JUMBO 30Y7.05%↑ 0.03·HYSA TOP4.85%↓ 0.05·12M CD5.10%0.00·24M CD4.85%↓ 0.02·5Y CD4.40%↑ 0.01·MMA TOP4.65%0.00·AUTO 60M NEW7.10%↓ 0.02·AUTO 60M USED8.45%↑ 0.04·PERSONAL EXC.8.20%0.00·10Y TREASURY4.32%↑ 0.01·
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Savings / Accounts
Savings account review

CIT Savings Connect Review (2026)

CIT Bank (First Citizens) earned 4.5 / 5 in our 2026 review. Best for: highest apy among major fdic banks. Here is the full breakdown.

By the Fintiex Rate Desk · Updated 2026-05-02
Open at CIT Bank (First Citizens) Compare all 8 accounts
TL;DR
APY
4.85%
Min to open
$100
Monthly fee
$0
FDIC
Insured
Mobile app
4.3 / 5
Min balance
None
Withdrawal limit
None enforced
Fintiex rating
4.5 / 5
Pros
  • +4.85% APY among the highest available nationally
  • +No monthly fees
  • +Backed by First Citizens Bank after acquisition
  • +Easy eCheck deposits
  • +Competitive CD and money market options available
Cons
  • -$100 minimum opening deposit required
  • -Mobile app rated lower than big-bank peers
  • -No ATM card on savings account
  • -No branch access
Best for

CIT Savings Connect is the right pick if you prioritize highest apy among major fdic banks. If that does not match what you need, compare against the other 7 picks on the savings accounts hub.

Rate history

Today
4.85%
30 days ago
4.85%
90 days ago
4.80%
1 year ago
4.45%

Rate history is approximate and reflects the broader market trend for top online savings accounts. CIT Bank (First Citizens) adjusts its APY in response to Federal Reserve policy decisions, typically within 1 to 4 weeks of a Fed move. We refresh this section weekly.

How to open a CIT Bank (First Citizens) account

Opening CIT Savings Connect takes about 10 minutes online. You will need a Social Security number, a valid US address, and a funding source (an existing bank account login, debit card, or check by mail). The account is usually approved instantly, and your first ACH transfer typically clears in 1 to 3 business days.

  • Visit the CIT Bank (First Citizens) savings page
  • Enter your name, address, and Social Security number
  • Fund the account (minimum $100)
  • Set up two-factor authentication and confirm your email
  • Start earning 4.85% APY the next business day
Open at CIT Bank (First Citizens) View CIT Bank (First Citizens) fee schedule

Frequently asked questions

Is CIT Savings Connect FDIC insured?
Yes. CIT Bank (First Citizens) is a member of the FDIC, which insures deposits up to $250,000 per depositor, per bank, per ownership category. If the bank fails, the federal government guarantees your money up to that limit. You can verify FDIC membership at fdic.gov/bankfind.
What APY does CIT Savings Connect pay right now?
CIT Savings Connect pays 4.85% APY as of our last update on 2026-05-02. APY is variable and can change at any time as the Federal Reserve adjusts rates. Banks usually move their APY within 1 to 4 weeks of a Fed rate change.
Are there any monthly fees on CIT Savings Connect?
No. CIT Savings Connect has no monthly maintenance fee. There is also no minimum balance requirement to avoid a fee.
What is the minimum to open CIT Savings Connect?
CIT Savings Connect requires a minimum opening deposit of $100. After opening, there is no minimum balance requirement.
How do I open a CIT Savings Connect account?
You can open CIT Savings Connect online in about 10 minutes. You will need a Social Security number, a valid US address, and a funding source (an existing bank account or a debit card). The account is usually approved instantly. Funds typically arrive 1 to 3 business days after the first ACH transfer settles.
Can I withdraw money from CIT Savings Connect anytime?
Yes. Unlike a CD, CIT Savings Connect is a liquid savings account. You can transfer money out at any time via ACH, wire, or (if supported) ATM. Federal Regulation D withdrawal limits were lifted in 2020, but some banks still cap free monthly withdrawals at 6.

Ready to open CIT Savings Connect?

Takes about 10 minutes. 4.85% APY, FDIC insured.

Open at CIT Bank (First Citizens) Compare other accounts